Ipswich announce big losses

Ipswich have announced losses of almost £16m for the financial year ending June 2012.

Last Updated: 05/04/13 at 13:48 Post Comment

Portman Road. Big losses

Portman Road. Big losses

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Lower figures for gate receipts, and media and commercial income, contributed to the losses along with a higher wage bill and "other expenses" of £800,000.

Ipswich made £10.8m on player transfers in the year ending June 2011 following the sales of Connor Wickham and Jon Walters, but that figure plummeted to just £248,000 over the next 12 months.

The overall turnover was down by over £2m to £15.04m, while the club's overall debt rose to £79.62m.

Club officials have set their sights on reducing the wage bill to prepare for the implementation of the Financial Fair Play regulations.

Ipswich's wages-to-turnover ratio is one of the highest in the Championship at 119% - an increase of 17% on the previous year.

The accounts also revealed that former Town chief executive Simon Clegg earned an annual salary of £193,000.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

M

aybe Hull charged the Liverpool fans more because their massive sense of entitlement takes up more room? Badum tish.

sailingmagpie
Everton team subsidise awayday

T

he John Carver Experiment sounds like the worst jazz fusion band of all time. Which is saying something.

sailingmagpie
The John Carver Experiment: The Next Episode

T

ime to play Liverpool players in their natural positions? I agree, but surely the subs' bench isn't big enough for all of them?

balls-to-monty
The John Carver Experiment: The Next Episode

Footer 365

Jose Mourinho already targeting more success after 'hard-earned' Chelsea title

Jose Mourinho insisted Chelsea were deserved Premier League champions - and then declared himself hungry for more.

Chelsea 1-0 Crystal Palace: Eden Hazard the hero as Blues secure Premier League title with nervy win

Chelsea secured their first Premier League title in five years after a nervy 1-0 win over Crystal Palace.

Tottenham 0-1 Man City: Sergio Aguero goal all but secures Champions League spot

Sergio Aguero’s first-half strike was enough to hand Manchester City a 1-0 win over Tottenham at White Hart Lane.

Mail Box

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

Liverpool: No Greater Than Aston Villa

It's fair to say that Raúl H. Garcia from the morning mailbox has got something of a kicking on Thursday afternoon. Oh and the Neviller is wrong for once...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company