Vital Football

Latest Colchester United News

£2.6 Million Profit For U`s

£2.6 Million Profit For U`s

Colchester United have announced an all-time record profit for the 2006/7 campeign, off the back of their successful first season in the Championship.The news comes in the same month as United smashed the transfer record at least twice during the last window, signing four players.

The Evening Gazette and East Anglain Daily Times newspapers both gave a good summary of the impressive profit rise, comparing it favourably to the 2006 figure of just £18,633. The figures also showed that the amount of spare cash was most highly subsidised by the U`s high-profile outgoing dealings in the transfer market, although increased season-ticket sales and gate receipts in general, helped.

Therefore it is a relief to fans that the money left over at the end of the financial period has been wisely invested by the club in the new personal that manager Geraint Williams believes will mean avoiding a first relegation since 1990.

The EADT also gave the following summary of the account showings:

Season ticket holders grew from 1,800, in the promotion-winning season of 2005-06, to 3,500 for the club's first ever campaign in the second tier of the Football League. The revenue from season tickets more than doubled.

Attendances also rose, with the U's regularly attracting gates around the 6,000 mark.

But it was the income generated from transfers that was the biggest contributor to last term's profit margin, and more specifically the club record £2.5m banked for the sale of Greg Halford to Reading just over a year ago.

The U's also benefited from the compensation package received from Hull City for manager Phil Parkinson's departure to Humberside, while he was still under contract with United. That figure was around the £400,000 mark.


In the same article, club Chief Executive Marie Partner warned fans not to get carried away with the new figures, although it has emerged today that the Essex outfit will be exploring the loan market with a view to adding yet more faces in the squad.

"Stewarding costs are... going to double at the new ground. We have to finance the travel plans for supporters, with the new park-and-ride scheme, which is something that we haven't done before. We also have to bear a lot of other hidden costs, like all the signage for a five-mile radius around the ground," Partner explained.

Manager Geraint Williams was openly delighted with the figures.

Writer:Matt_Us
Date:Friday February 8 2008
Time: 12:15PM

Comments

0
good news, shows it's being run in the right way.
StevieG Col U
08/02/2008 14:25:00
0
Nice to see investment in the side, too.
Matt_Us
09/02/2008 12:15:00
Page 1/1
  1. 1

Login to post a comment

Recent Colchester United Articles

Potential League Two Make Up 2017/18 (28/4/17)

With a few games remaining in the 2016/17 campaign, some promotions and relegations in the football pyramid are already known.

More Reliable Than A League 2 Octopus? (24/4/17)

Time for the new special computer that crunches the numbers to determine the final League Two positions for 2016/17.

League Two 2016/17 Golden Boot Battle (21/4/17)

With all playing 43 League Two games in the 2016/17 season, this year could still see a few players break the 20 goal mark.

2016/17 Play Off Details

The Football League have now released the details for this year's Play Off battles in the Championship, League One and League Two.

Archived Vital Colchester Articles

Vital Colchester articles from

Site Journalists

Write for Vital Colchester
Write For Vital Colchester
Apply Here

Current Poll (see more polls)

Colchester v Rochdale
Suggested By:
Colchester win59%
Rochdale win33%
Draw8%

League Table

# Team P W D L Pts. GD
P Doncaster 44 25 10 9 85 33
P Plymouth 44 25 8 11 83 24
P Portsmouth 44 24 9 11 81 33
4 Luton 44 18 17 9 71 22
5 Exeter 44 20 8 16 68 18
6 Blackpool 44 17 16 11 67 22
7 Stevenage 44 20 6 18 66 7
8 Mansfield 44 17 14 13 65 5
9 Wycombe 44 18 11 15 65 4
10 Carlisle 44 16 17 11 65 -1
11 Cambridge 44 18 9 17 63 7
12 Colchester 44 17 12 15 63 6
13 Accrington 44 16 14 14 62 3
14 Grimsby 44 17 10 17 61 -2
15 Barnet 44 13 15 16 54 -6
16 Notts County 44 15 8 21 53 -22
17 Crewe 44 13 13 18 52 -11
18 Morecambe 44 14 9 21 51 -18
19 Crawley 44 13 11 20 50 -16
20 Yeovil 44 11 16 17 49 -13
21 Cheltenham 44 11 14 19 47 -16
22 Newport 44 11 12 21 45 -22
23 Hartlepool 44 10 13 21 43 -21
R Leyton Orient 44 10 6 28 36 -36
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Colchester United Results (view all)

Colchester United Fixtures (view all)

Apr 29 2017 3:00PM : Leyton Orient (a)
Sky Bet League Two
May 6 2017 5:30PM : Yeovil Town (H)
Sky Bet League Two
The Vital Football Members League