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Wednesday 29th May 2024

Scottish League Cup Group Stage Draw - 1pm

🔴⚪️ Come on you Reds! ⚪🔴

Annual Report


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For those of you with better things to do at three minutes past midnight on a friday evening, the financial results were released last night.

 

"The overall turnover fell from £8.337 million to £7.85 million, mainly due to the decline in SPL attendances although that income drop was partly offset by a strong performance on the commercial side of the business.

[/size]"Wages increased from £5.018 million to £5.256 million following a number of changes in the structure of the workforce, and combined with our drop in turnover our wages to turnover ratio is higher than we would like at 67 per cent, compared to 60 per cent in the previous year. Indications are that this will come back into line with our 60 per cent or below expectation levels in the year ended 30 June 2014 as a result of stronger trading performance to date."The loss for the year after tax was slightly up on the previous year at £1.439 million (2012 - £1.365 m).

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Noticed that this morning, can't say im overly concerned and it doesn't seem like the club is either. I also noticed that Milne said that this will not have an impact on the playing staff budget as he doesn't think that's the right way to do things. Are we possibly about to see everything come together after years of apparent mismanagement???

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