12/04/2010 : Yeovil Town Official Statements : Club Posts Loss
12 April 2010 : Club Posts Loss
Yeovil Town FC have announced a post tax loss of 956,541 (2008 Profit 19,989) for the year ended 30 June 2009 on turnover of 2,723K which is 1,292K less than the previous year. A year on year reduction in direct and administrative expenses of 393K failed to compensate for the 32% fall in revenue

Although the general economic situation had some effect on the Club's revenue with gate receipts 241K lower than the previous season at 1,113K, the major impact on the bottom line was attributable to the player transfers account which went from a profit of 739K to a loss of 50K.

The absence of player sales and the lack of progress in any of the cup competitions had a significant impact on the Club's finances at a time when the Board had made available additional resources to enhance the playing squad.

Regrettably, that investment failed to produce the expected return in terms of further player sales, revenue from extended cup runs or continued upward progress in the League.

Unfortunately, the nature of the football business is that a considerable proportion of a Club's expenditure is fixed in nature due to players' contracts and essential running costs which cannot be quickly adjusted.

Yeovil Town's situation was further exacerbated by the injuries to Marc Bircham, who had the most lucrative contract in the Club's history, and the appalling traffic accident which ultimately ended Darren Way's playing career.

The contracts for both players had to be honoured and replacements had to be recruited to maintain the playing strength as the Club endeavoured to avoid the threat of relegation. It was therefore not possible to bring the Club's operational costs directly in line with its revenue during the course of the 2008/2009 season.

Although the Club had the resources to sustain the losses incurred last season, the Board could not countenance a repeat of that financial performance.

The management team and staff have worked closely together over the last twelve months and with their hard work and commitment a substantial improvement in the situation has been achieved. With just under three months of the financial year left there is an expectation and belief that the Club will return a small profit this season.

With just three home games remaining the Club would like to thank everyone for their fantastic support this season.

Attendances look as though they will be slightly ahead of last season reversing a three year decline, which in these difficult economic times, is a significant achievement.

Despite the uncertainty created by the recession and upcoming elections the Club remains optimistic and confident that with the help of its supporters, sponsors and staff, it can develop and progress in a positive manner over the next few years.


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Other Entries In The Yeovil Town Official Statements Section.
Date Title Author Link
15/05/2019 Club Statement On Advancements YTFC Link
04/01/2019 Skiverton named Academy Head of Coaching YTFC Link
02/01/2019 Club statement On December Supporters Alliance Meeting YTFC Link
20/11/2018 Way signs contract extension at Huish Park YTFC Link
16/08/2018 Harrison confirmed as Academy Manager YTFC Link
21/12/2017 Insight 63 Briefing YTFC Link
11/12/2017 Rumoured Takeover YTFC Link
10/05/2017 Club Vote On Future Of EFL Trophy YTFC Link
05/04/2017 Glovers Chairman Warns On Club Losses YTFC Link
17/04/2016 Preview Plans To Develop Huish Park Stadium YTFC Link
14/04/2016 Darren's Winning Way Is Helping To Cut Town's Losses YTFC Link
27/10/2015 Glovers Chairman Replies To The Critics YTFC Link
04/08/2015 Stadium Complex Planning Application YTFC Link
31/03/2015 Next Season's Prices To Be Announced Shortly YTFC Link
31/03/2015 Glovers Profits Up, But There's A Challenge Ahead - Chairman YTFC Link
31/03/2015 Supporters In Face To Face With Club Bosses YTFC Link
18/03/2015 Chairman's Message To Supporters YTFC Link
14/01/2015 Planning Public Consultation Announced YTFC Link
14/10/2014 'Stay Calm' Says Chairman YTFC Link
03/06/2014 Club Withdraw Planning Application YTFC Link
19/04/2014 Gary And John In Rallying Call YTFC Link
17/04/2014 Club Statement (Asda Supermarket Group) YTFC Link
26/03/2014 Development Petition Tops 1100 YTFC Link
25/03/2014 Fry - Please Sign Our Petition YTFC Link
22/03/2014 Show Your Support YTFC Link
17/03/2014 Captains Of Industry Show Their Support YTFC Link
04/03/2014 Fry's Q and A Document YTFC Link
25/02/2014 Work On New 3G Pitch Begins YTFC Link
25/02/2014 Club Deny Mitchell Talks YTFC Link
25/02/2014 Development Details For Councillors YTFC Link
16/02/2014 2014-15 Season Tickets Announced YTFC Link
04/02/2014 Club To Submit Plans YTFC Link
07/08/2013 Restructuring At Huish Park YTFC Link
24/03/2012 Your Club Needs You! YTFC Link
02/03/2012 Huish Park Development Statement YTFC Link
01/12/2011 Development Plans Update - Dec 1st YTFC Link
24/11/2011 Development Plans Update YTFC Link
25/10/2011 Blue Sky Over Huish Park YTFC Link
25/03/2011 Supporter Communication Plans YTFC Link
21/03/2011 YTFC Plan Major New Developments YTFC Link
23/12/2010 Club Announce Small Profit YTFC Link
03/06/2010 Club Announces Restructuring Proposal YTFC Link
12/04/2010 Club Posts Loss YTFC Link
29/10/2009 Hayward Joins The Board YTFC Link
10/05/2009 Club Announce Profit For Year Ended June 2008 YTFC Link
16/10/2008 Fry Issues "Hands Off" Warning YTFC Link
07/06/2008 Starnes Answers Mildenhall Comments YTFC Link
12/12/2007 New Chief Executive At Huish Park YTFC Link
16/02/2007 Official Club Statement - Disabled Supporters Association YTFC Link
30/03/2006 Two New Directors Join The Board YTFC Link
30/03/2006 John Fry Clarifies Press Comments YTFC Link
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DateTitleAuthorLink
9/12/2019Supporter Alliance Meeting : Thursday 12th September 2019YTFCLink
9/5/2019Supporter Alliance Meeting : Thursday 5th September 2019YTFCLink
5/15/2019Supporter Alliance Meeting : Wednesday 15th May 2019YTFCLink
5/15/2019Club Statement On AdvancementsYTFCLink
5/15/2019Supporter Alliance Meeting : Wednesday 10th April 2019YTFCLink
3/18/2019Supporter Alliance Meeting : Wednesday 6th February 2019YTFCLink
3/14/2019Supporter Alliance Meeting : Wednesday 14th March 2019YTFCLink
1/4/2019Skiverton named Academy Head of CoachingYTFCLink
1/2/2019Club statement On December Supporters Alliance MeetingYTFCLink
11/21/2018Supporter Alliance Meeting : Wednesday 21st November 2018YTFCLink
11/20/2018Way signs contract extension at Huish ParkYTFCLink
10/10/2018Supporter Alliance Meeting : Wednesday 10th October 2018YTFCLink
8/16/2018Harrison confirmed as Academy ManagerYTFCLink
5/16/2018Supporter Alliance Meeting : Wednesday 16th May 2018YTFCLink
4/18/2018Supporter Alliance Meeting : Wednesday 18th April 2018YTFCLink
3/21/2018Supporter Alliance Meeting : Wednesday 21st March 2018YTFCLink
12/21/2017Insight 63 BriefingYTFCLink
12/11/2017Rumoured TakeoverYTFCLink
10/12/2017Club engage with Insight 63 LtdYTFCLink
5/10/2017Club Vote On Future Of EFL TrophyYTFCLink
4/5/2017Glovers Chairman Warns On Club LossesYTFCLink
4/17/2016Preview Plans To Develop Huish Park StadiumYTFCLink
4/14/2016Darren's Winning Way Is Helping To Cut Town's LossesYTFCLink
10/27/2015Glovers Chairman Replies To The CriticsYTFCLink
8/4/2015Stadium Complex Planning ApplicationYTFCLink
3/31/2015Next Season's Prices To Be Announced ShortlyYTFCLink
3/31/2015Glovers Profits Up, But There's A Challenge Ahead - ChairmanYTFCLink
3/31/2015Supporters In Face To Face With Club BossesYTFCLink
3/18/2015Chairman's Message To SupportersYTFCLink
1/14/2015Planning Public Consultation AnnouncedYTFCLink
10/14/2014'Stay Calm' Says ChairmanYTFCLink
6/3/2014Club Withdraw Planning ApplicationYTFCLink
4/19/2014Gary And John In Rallying CallYTFCLink
4/17/2014Club Statement (Asda Supermarket Group)YTFCLink
3/26/2014Development Petition Tops 1100YTFCLink
3/25/2014Fry - Please Sign Our PetitionYTFCLink
3/22/2014Show Your SupportYTFCLink
3/17/2014Captains Of Industry Show Their SupportYTFCLink
3/4/2014Fry's Q and A DocumentYTFCLink
2/25/2014Work On New 3G Pitch BeginsYTFCLink
2/25/2014Club Deny Mitchell TalksYTFCLink
2/25/2014Development Details For CouncillorsYTFCLink
2/16/20142014-15 Season Tickets AnnouncedYTFCLink
2/4/2014Club To Submit PlansYTFCLink
8/7/2013Restructuring At Huish ParkYTFCLink
3/24/2012Your Club Needs You!YTFCLink
3/2/2012Huish Park Development StatementYTFCLink
12/1/2011Development Plans Update - Dec 1stYTFCLink
11/24/2011Development Plans UpdateYTFCLink
10/25/2011Blue Sky Over Huish ParkYTFCLink
3/25/2011Supporter Communication PlansYTFCLink
3/21/2011YTFC Plan Major New DevelopmentsYTFCLink
12/23/2010Club Announce Small ProfitYTFCLink
6/3/2010Club Announces Restructuring ProposalYTFCLink
4/22/2010Supporters Ideas Discussed By SLG : Devon Fan's 36 IdeasYTFCLink
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3/1/2010Supporters Liaison Group Report : Meeting No. 1YTFCLink
10/29/2009Hayward Joins The BoardYTFCLink
8/28/2009New Supporters' Liaison Group LaunchedYTFCLink
5/10/2009Club Announce Profit For Year Ended June 2008YTFCLink
2/26/2009Achieve By Unity Fans Partnership Meeting Minutes No. 8YTFCLink
2/18/2009Achieve By Unity Fans Partnership : Extraordinary MeetingYTFCLink
1/22/2009Achieve By Unity Fans Partnership Meeting Minutes No. 7YTFCLink
10/16/2008Fry Issues "Hands Off" WarningYTFCLink
10/2/2008Achieve By Unity Fans Partnership Meeting Minutes No. 6YTFCLink
8/4/20082008-09 Achieve By Unity Fans Partnership Meeting Supporters Representatives ProfilesYTFCLink
7/9/2008Achieve By Unity Fans Partnership Meeting Minutes No. 5YTFCLink
6/7/2008Starnes Answers Mildenhall CommentsYTFCLink
4/3/2008Achieve By Unity Fans Partnership Meeting Minutes No. 4YTFCLink
1/17/2008Achieve by Unity Fans Partnership Meeting Minutes No. 3YTFCLink
12/12/2007New Chief Executive At Huish ParkYTFCLink
11/22/2007Achieve By Unity Fans Partnership Meeting Minutes No. 2YTFCLink
10/19/2007The Achieve By Unity Fans Partnership MeetingYTFCLink
10/18/2007Achieve By Unity Fans Partnership Meeting Minutes No. 1YTFCLink
2/16/2007Official Club Statement - Disabled Supporters AssociationYTFCLink
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