Portman Road

Next Game

Ipswich v Rotherham

Saturday, 27 September 2014, 15:00

Sky Bet Ch'ship

DW Stadium

Last Game

Wigan 1 - 2 Ipswich

Monday, 22 September 2014, 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

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.

Related News

Most Commented

Readers' Comments

H

e deserved respect for forging a successful football career despite being, clearly, made from balsa wood.

Nutboy
Wenger: Diaby deserves respect

L

iverpool should put in a bid for Barkley. As cheeky as it may sound, only he looks capable enough to replace Gerrard.

paulay8
Gerrard's Decay Becoming Sadly Apparent

M

y emotions were not mixed. Super professional that he is. I will never look at you the same way Frank. Love affair over.

gittoplo
Lampard: Mixed emotions

Footer 365

Capital One Cup: Liverpool edge out Middlesbrough on penalties in round three

Liverpool held their nerve to see off Middlesbrough 14-13 on penalties in the third round of the Capital One Cup.

Capital One Cup: Arsenal beaten 2-1 by Southampton in third round

Arsenal were sent crashing out of the Capital One Cup in the third round after 2-1 home defeat to Southampton.

La Liga: Cristiano Ronaldo scores second straight hat-trick in Real Madrid rout

Cristiano Ronaldo scored his 25th hat-trick for Real Madrid as he grabbed four goals in a huge 5-1 home win over Elche.

Mail Box

Is Moyes The Big Winner This Season?

Man United and Everton are making David Moyes look good enough for Newcastle. We have lots of mails on Steven Gerrard but mostly Man United and Van Gaal...

Should Gerrard Play Further Forward?

That's one shout in a mailbox that recalls Rafa Benitez saying the Liverpool man would one day end up as a striker. Plus, thoughts on Rooney and 500 words on Ipswich...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property