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Chesterfield reveal £1million loss last season

The club’s losses have doubled compared to last year.
Chesterfield

The accounts for Chesterfield’s financial year ending June 30, 2018 have been released and they don’t make for good reading.
CFC 2001 Limited closed the year reporting a loss of £1,061,270, a 100 per cent increase compared to the previous year’s £506,735.
Turnover was down by £756,170 on the previous year, cumulating from reduction of gate and season ticket revenue of £134,602, TV and football awards monies of £302,899 with commercial income lower by £138,735 and other income down by £334,236.
Transfer monies received increased by £154,302 and employment costs were reduced by £291,147 in the 12-month period.
Debenture loans increased by £1,287,948 with Dave Allen injecting £1.3 million into the company in the year. There was no interest payable to Mr Allen or A&S Leisure during the year.
Former directors were paid £229,418 within the year, with interest only accruing to one.
The rent and interest due from the Community Trust increased in the year by £20,684 to a balance of £127,159.

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