Portman Road

Next Game

Ipswich v Wigan

Saturday, 31 January 2015, 15:00

Sky Bet Ch'ship

Amex Stadium

Last Game

Brighton 3 - 2 Ipswich

Wednesday, 21 January 2015, 19:45

Sky Bet Ch'ship

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

O

ne of the conclusions from this list is that Man City should never buy a striker in January - good luck Wilfried Bony....

Savinator
F365's Top Ten Worst January Panic Buys

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

Footer 365

Capital One Cup: Liverpool boss Brendan Rodgers says Chelsea's Diego Costa was lucky to avoid a red card

Liverpool boss Brendan Rodgers believes Chelsea's Diego Costa was lucky to stay on the field in the Capital One Cup semi-final.

Capital One Cup: Chelsea boss Jose Mourinho insists Diego Costa does not deserve retrospective action after Emre Can stamp

Jose Mourinho thinks Chelsea's Diego Costa should be left alone to play football after a controversial outing on Tuesday.

Capital One Cup: Chelsea reach final as Branislav Ivanovic's goal sinks Liverpool

Branislav Ivanovic's extra-time goal gave Chelsea a 2-1 aggregate win over Liverpool and a place in the Capital One Cup final.

Mail Box

The Problem With FA Cup Shocks...

...is that the draw for the next round is pretty shocking. Blackburn v Stoke, anybody? We also have mails on LVG and ManUnited, who drew plenty under Fergie...

You're Man Utd, For Crying Out Loud!

Defending a 0-0 draw with Cambridge on the grounds that other teams lost to lower-league opposition is not befitting of Man United. We're inclined to agree with Mailboxers...

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