Turnover £11mill, and £27mill in debt. Oh aye.

<h3>Owls announce falling losses in annual report</h3>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Sheffield Wednesday have today announced the club has reduced losses over the last financial year [2005-6] by approximately £2.25m.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">The club's annual accounts published today show the Owls made a loss of £180,000 in the 12 months up to May 2006, compared to over £2.5m the year before.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Wednesday say the improvement is down to a 20% increase in turnover following promotion to the Championship. Match receipts at the Football League's best-supported club also rose by over 7% to more than £5m.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">In his annual statement to shareholders, Owls chairman Dave Allen said: &quot;After some difficult years following relegation from the Premiership, at last we are on an even keel and trading successfully.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">&quot;The annual accounts show the excellent progress made by the company over the year to 31st May 2006. Both on and off the field of play we achieved our aims – to consolidate our place in the Championship and achieve a break-even budget.&quot;</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Allen also revealed that he and finance director Bob Grierson held talks with three groups of 'would-be investors in the club' in the last financial year. But Allen stated any potential investor was unlikely to develop their interest until 51% of the club's shares are available for any move.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">The annual report and figures show that the chairman gifted the club nearly £70,000 during the year, this sum covering the loans of Scott Carson and Mikkel Bischoff.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Allen also confirmed discussions with the council over the proposed development of Middlewood training ground are still ongoing, the club are hoping an agreement will 'dramatically' reduce the club's debt.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Allen states the importance of a good run in the FA Cup and picking up maximum points to move the club up the table where they expect the club to be in the Championship table.</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Below is a brief summary of the club's accounts:</font></p>

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">• Turnover up by 20.21% to £11.613m [2005: £9.661m]
• Commercial revenues [excluding broadcasting income] up by 24.36% to £5.462m [2005: £4.392m]
• Match receipts up by 7.35% to £5.124m [2005: £4.773m]
• Operating expenses [excluding amortisation of players' contracts] up by 6.44% to £10.947m [2005: £10.285m]
• Payroll costs up by 2.89% to £5.667m [2005: £5.508m]
• Headline loss before transfers of £0.180m [2005: £2.522m]
• Profit before interest and taxation of £0.389m [2005: £1.109m loss]
• Directors’ loan notes of £4.35m [2005: £4.35m]
• Bank loans and overdrafts of £22.23m [2005: £22.65m]</font></p>

 

RE: I like this bit

Is it just cos the banks would say a final goodbye to 20-odd million that Wednesday are still trading ?</p>



Just cannot see how they'll ever get out of the mire.</p>

 

"Football League's best-supported club" I think not.

<table class="league" onmouseover="function anonymous(){highlight_on(event)}" onmouseout="function anonymous(){highlight_off(event)}" cellspacing="0" cellpadding="2" border="0"><tbody><tr class="box"><td class="norm">1</td><td class="norm"><nobr>Sunderland (14)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">147155</td><td class="norm" align="right">36764</td><td class="norm" align="right">29431</td><td class="norm" align="right">48300</td><td></td><td class="norm" align="right">60.9%</td></tr><tr class="box"><td class="norm">2</td><td class="norm"><nobr>Norwich City (17)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">122750</td><td class="norm" align="right">24876</td><td class="norm" align="right">24550</td><td class="norm" align="right">25500</td><td></td><td class="norm" align="right">96.2%</td></tr><tr class="box"><td class="norm">3</td><td class="norm"><nobr>Derby County (10)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">115252</td><td class="norm" align="right">26502</td><td class="norm" align="right">23050</td><td class="norm" align="right">33597</td><td></td><td class="norm" align="right">68.6%</td></tr><tr class="box"><td class="norm">4</td><td class="norm"><nobr>Southampton (6)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">113732</td><td class="norm" align="right">25185</td><td class="norm" align="right">22746</td><td class="norm" align="right">32551</td><td></td><td class="norm" align="right">69.8%</td></tr><tr class="box"><td class="norm">5</td><td class="norm"><nobr>Sheffield Wednesday (24)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">112455</td><td class="norm" align="right">23792</td><td class="norm" align="right">22491</td><td class="norm" align="right">39859</td><td></td><td class="norm" align="right">56.4%</td></tr><tr class="box"><td class="norm">6</td><td class="norm"><nobr>Ipswich Town (12)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">109401</td><td class="norm" align="right">25413</td><td class="norm" align="right">21880</td><td class="norm" align="right">30311</td><td></td><td class="norm" align="right">72.1%</td></tr><tr class="box"><td class="norm">7</td><td class="norm"><nobr>Coventry City (15)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">104324</td><td class="norm" align="right">22366</td><td class="norm" align="right">20865</td><td class="norm" align="right">23633</td><td></td><td class="norm" align="right">88.2%</td></tr><tr class="box"><td class="norm">8</td><td class="norm"><nobr>Birmingham City (2)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">102532</td><td class="norm" align="right">24238</td><td class="norm" align="right">20506</td><td class="norm" align="right">30009</td><td></td><td class="norm" align="right">68.3%</td></tr><tr class="box"><td class="norm">9</td><td class="norm"><nobr>Leeds United (20)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">98866</td><td class="norm" align="right">23037</td><td class="norm" align="right">19773</td><td class="norm" align="right">40204</td><td></td><td class="norm" align="right">49.1%</td></tr><tr class="box"><td class="norm">10</td><td class="norm"><nobr>West Bromwich Albion (7)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">98524</td><td class="norm" align="right">21435</td><td class="norm" align="right">19705</td><td class="norm" align="right">28003</td><td></td><td class="norm" align="right">70.3%</td></tr><tr class="box"><td class="norm">11</td><td class="norm"><nobr>Leicester City (19)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">98408</td><td class="norm" align="right">22449</td><td class="norm" align="right">19682</td><td class="norm" align="right">32500</td><td></td><td class="norm" align="right">60.5%</td></tr><tr class="box"><td class="norm">12</td><td class="norm"><nobr>Wolverhampton Wndrs (9)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">97022</td><td class="norm" align="right">21546</td><td class="norm" align="right">19404</td><td class="norm" align="right">29400</td><td></td><td class="norm" align="right">66.0%</td></tr><tr class="box"><td class="norm">13</td><td class="norm"><nobr>Cardiff City (1)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">86603</td><td class="norm" align="right">20109</td><td class="norm" align="right">17321</td><td class="norm" align="right">21432</td><td></td><td class="norm" align="right">80.8%</td></tr><tr class="box"><td class="norm">14</td><td class="norm"><nobr>Hull City (23)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">85757</td><td class="norm" align="right">18207</td><td class="norm" align="right">17151</td><td class="norm" align="right">25404</td><td></td><td class="norm" align="right">67.5%</td></tr><tr class="box"><td class="norm">15</td><td class="norm"><nobr>Crystal Palace (5)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">84863</td><td class="norm" align="right">18072</td><td class="norm" align="right">16973</td><td class="norm" align="right">26400</td><td></td><td class="norm" align="right">64.2%</td></tr><tr class="box"><td class="norm">16</td><td class="norm"><nobr>Stoke City (21)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">70575</td><td class="norm" align="right">20013</td><td class="norm" align="right">14115</td><td class="norm" align="right">28384</td><td></td><td class="norm" align="right">49.7%</td></tr><tr class="box"><td class="norm">17</td><td class="norm"><nobr>Preston North End (4)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">63811</td><td class="norm" align="right">15650</td><td class="norm" align="right">12762</td><td class="norm" align="right">20600</td><td></td><td class="norm" align="right">61.9%</td></tr><tr class="box"><td class="norm">18</td><td class="norm"><nobr>Queens Park Rangers (16)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">59599</td><td class="norm" align="right">13996</td><td class="norm" align="right">11920</td><td class="norm" align="right">19148</td><td></td><td class="norm" align="right">62.2%</td></tr><tr class="box"><td class="norm">19</td><td class="norm"><nobr>Burnley (3)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">57829</td><td class="norm" align="right">13051</td><td class="norm" align="right">11566</td><td class="norm" align="right">22546</td><td></td><td class="norm" align="right">51.2%</td></tr><tr class="box"><td class="norm">20</td><td class="norm"><nobr>Plymouth Argyle (8)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">56077</td><td class="norm" align="right">15964</td><td class="norm" align="right">11215</td><td class="norm" align="right">20922</td><td></td><td class="norm" align="right">53.6%</td></tr><tr class="box"><td class="norm">21</td><td class="norm"><nobr>Barnsley (18)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">55377</td><td class="norm" align="right">12082</td><td class="norm" align="right">11075</td><td class="norm" align="right">23186</td><td></td><td class="norm" align="right">47.7%</td></tr><tr class="box"><td class="norm">22</td><td class="norm"><nobr>Southend United (22)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">47431</td><td class="norm" align="right">11072</td><td class="norm" align="right">9486</td><td class="norm" align="right">12392</td><td></td><td class="norm" align="right">76.5%</td></tr><tr class="box"><td class="norm">23</td><td class="norm"><nobr>Luton Town (11)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">41986</td><td class="norm" align="right">9332</td><td class="norm" align="right">8397</td><td class="norm" align="right">9975</td><td></td><td class="norm" align="right">84.1%</td></tr><tr class="box"><td class="norm">24</td><td class="norm"><nobr>Colchester United (13)</nobr></td><td class="norm" align="right">5</td><td class="norm" align="right">24761</td><td class="norm" align="right">6065</td><td class="norm" align="right">4952</td><td class="norm" align="right">7556</td><td></td><td class="norm" align="right">65.5%</td></tr></tbody></table>

 

RE: "Football League's best-supported club" I think not.

Based on last season mate, which is when the accounts were done.

We had the highest average gate in the football league.

 

RE: "Football League's best-supported club" I think not.

so that means your support is declining