Boro's coffers brim over

Stevenage Borough have announced improved financial figures for the year ending May 2012.

Last Updated: 09/01/13 at 14:36

Wallace: Announces financial boost

Wallace: Announces financial boost

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The League One club increased their turnover from £3.42million to £5.18million, and their profit before tax to £422,538 from the previous year's figure of £144,079.

Chairman Phil Wallace told the club's website: "In line with our stated policy we re-invested much of the year's windfall income from player sales and FA Cup success across four strategic areas - player acquisitions, increased playing budget, stadium improvements and the new first-team training facility.

"These investments are still ongoing during the current year and are being carefully controlled to maximise the future well-being of the club."

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