Peterborough report a profit

Peterborough have reported a profit of just over £3.5million for the year ending May 2012.

Last Updated: 25/03/13 at 13:16 Post Comment

Darragh MacAnthony: Celebrates news of profit

Darragh MacAnthony: Celebrates news of profit

Player sales, most notably the £2.5million transfer of striker Craig Mackail-Smith to Brighton, are the main reason for the £3,619,719 profit.

The figure represents a huge improvement on the previous year, when Posh recorded a loss of £2.775,205.

The directors' report which accompanies the accounts suggests that player sales, along with the club maintaining its npower Championship status, is crucial to Peterborough's future financial well-being.

The accounts also confirm that Posh remain indebted financially to chairman Darragh MacAnthony.

"The creditable balance is mainly due to the considered transfer movement with this being essential to the future long-term sustainability of the football club," read the report.

"The directors run the company positively and prudently. Budgets and projections indicate that for the current season the company expects to break even, prior to any player transfers.

"The club also continues to invest in its first-team playing squad with the aim of providing a competitive team to maintain its current position in the second tier of English football. This continuing commitment is underpinned by the positive support of the chairman which also encompasses the new stadium, planning and development.

"The directors consider that the principle challenge facing the company is the performance and divisional status of Peterborough United Football Club. The implications this has on the club's ability to generate revenue streams are significant. In light of this risk, the company remains dependent on its parent company, DMA Holdings S.A."

Related News

Most Commented

Readers' Comments

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

N

ice work John.. have to agree with everything. Never measure your wealth in money.

wexford_blue
We're Not All Jealous Guys...

Footer 365

Arsene Wenger only wants to bring 'world-class' players to Arsenal

Arsene Wenger has revealed he is only looking to add “top, world-class players” to his Arsenal squad this summer.

Chelsea are the example to other clubs, says Gary Neville

Other Premier League clubs should take Chelsea's lead if they are to be more successful, says Gary Neville.

Stephen McManus says Motherwell are full of confidence

Stephen McManus says Motherwell are full of confidence despite being adrift in the Scottish Premiership playoff place.

Mail Box

Blaming Van Gaal For United Slump...

Wayne Rooney in midfield, the same balls aimed at Marouane Fellaini...Louis van Gaal has to find a solution. And a Burnley fan embraces relegation...

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...

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