The Annual Report and Financial Statements for the 12 months to June 30, 2022 (‘the period’) have been submitted to Companies House.
Turnover for the period was £5.972m, an increase of 404% from £1.478m.
Of the £5.972m turnover, Matchday income accounted for £2.650m, Retail income £1.303m and Sponsorship / Advertising £1.053m.
Football costs in the period were £3.940m, an increase of 294% from £1.340m
The loss for the period was £2.914m.
The R.R. McReynolds Company LLC, introduced £3.670m of loan funding which included the funds to purchase the freehold of the Racecourse Ground and subscribed for equity in the sum of £1.200m.
The Directors have confirmed that they will continue to fund the Club going forward.