Wasn't one of the last licence application points for T/O > £4m? We got taht and it has been reported to be around £5m. I'm guessing they could still show a profit if we saw a significant drop in income

great news wether its 1k or 30k its still a great posistion to be in atm i would expect a bit lower for next season but lets see what happens from til end of season hopefully a home draw in the cup

Agreed and far more preferable than a several hundred thousand pound loss.

or a £1m loan with more strings attached than an orchestra!

Yeah 4m turnover for a licence point last time. I would say our turnover is close to double that

Don't see how we could possibly be turning over anything close to £8m personally.

No chance, £5m tops, probably less now

Congratulations to the people who take flak off people on here day after day but continue to help our club post profits and in turn secure the clubs future in the long term.

On the Westerman transfer probably helping towards a loss next year, a decent draw tonight and a place in the semi finals of the CC will probably make us more than it cost to sign Westerman and should we progress further than that fee will be totally paid for.

Any transfer fee paid to acquire a player can be capitalised and amortised over the initial life of the players contract. eg, the reported £150k paid for Westerman will be allocated to the P/L over the 4 year life of the contract he is under.

So therefore, as he was signed last October and our financial year is Jan-Dec a quarter of the fee (around 35-45k) appeared in these accounts.

This is for financial year ending October 2010.