Chesterfield FC accounts '“ the significant numbers

Chesterfield FC have announced a pre-tax profit of £42k after a financial year that saw them take £2m in transfer fees.
By The Newsroom
Published 25th Oct 2016, 08:59 BST
Updated 25th Oct 2016, 20:28 BST

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

Chesterfield vs Doncaster Rovers - Proact Stadium - Pic By James WilliamsonChesterfield vs Doncaster Rovers - Proact Stadium - Pic By James Williamson
Chesterfield vs Doncaster Rovers - Proact Stadium - Pic By James Williamson

The Spireites’ debt, which was listed in last year’s accounts as £8,568,966, now stands at £8,581,018, with a further £1.74m remaining from last year’s accounts as ‘amounts falling due after more than one year.’

Of that debt, £4.35m is owed to club chairman Dave Allen, whose firm A&S Leisure Group Ltd made a further loan of £2m which helped pay off a longstanding debt to Chesterfield Borough Council.

Hide Ad
Hide Ad

Interest on that loan is five per cent and it is repayable over nine years.

Read Dave Allen’s reaction to the accounts, including his thoughts on how ‘negative press’ isn’t helping the club.

Turnover for the year was £7,529,488, up by £184k on last year.

Also up from last year was the club’s wage bill, which taking into account salaries, social security and pensions, stood at £4,643,328.

Hide Ad
Hide Ad

The club’s revenue from season tickets and gate receipts fell from £2.05m in the previous year to £1.64m, a shortfall of around £400k.

Chesterfield received £1,186,472 in television and football award cash in the financial year, compared to £1.15m in 2014/15.

Selling players like Sam Clucas, Tendayi Darikwa and Sam Morsy helped the club rake in £2,009,625 in transfer fees.

And commercial income for the year was slightly down on last year, standing at £2,082,629.

Hide Ad
Hide Ad

The club halved their motor running costs and reduced the amount spent on training facilities, but legal and professional fees were up from £116,640 in 2015 to £269,614 in 2016.

Town’s centre of excellence, the academy that has produced players like Curtis Morrison and Ricky German, cost £227,390 to run, an increase of £50k from the previous year.

Matchday expenses and commercial and catering department expenses both fell.

All in all the club’s administrative expenses rose from £6,167,310 in 2015 to £6,432,750 in 2016, a financial year that saw face the cost of parting company with manager Dean Saunders and a number of coaching staff.

Club chairman Dave Allen called it a ‘positive’ year.

Hide Ad
Hide Ad

Company secretary Ashley Carson said: “Whilst the result is slightly disappointing, at the end of the day the club has made a profit.”

The Derbyshire Times will bring more reaction throughout the day.

Have your say on our Facebook page by clicking HERE