YEOVIL Town FC have announced that the club’s financial losses have reduced with the chairman saying the club is now ‘moving in the right direction’ despite a challenging year.
The Glovers reported losses of £450,000 in the 12-month period ending 30 June 2016, compared to £692,000 the previous year.
The club finished the 2015/16 season in 19th place in League Two. The directors made the decision to replace the manager Paul Sturrock with Darren Way midway through the season after achieving only 11 points from the first 20 games.
The costs involved in doing this, alongside players’ wages and a medical bills for treating injured players, were said to have contributed to the loss.
Yeovil Town chairman John Fry said: “The size of our operational losses since being relegated from the Sky Bet Championship are unsustainable for a club of Yeovil’s size.
“If allowed to continue, we would in the short-term encounter serious financial difficulties in running the club.
“I am therefore pleased to report our football club is now moving in the right direction, and through good management, we have substantially reduced our financial losses for the current season.
“Progress continues to be made on all fronts in a challenging local economy, and with huge efforts being made behind the scenes to ensure the club is always moving forward with our local community.”
* THE football club – along with Yeovil Town Holdings Ltd – have submitted an appeal to the Planning Inspectorate with regard to an application for a community playing field and recreation use at Lufton.
The appeal was filed at the Inspectorate on last month following a refusal decision by South Somerset District Council in September 2016.
Planning agent David Bell, following the appeal submission, said: “An appeal has been submitted which now has to go through the validation process. We have asked for a hearing rather than written representations or a full inquiry. “Once validated, the appeal will be heard by an impartial inspector.”
The plans include two full-sized football pitches, an option for a cricket pitch, a modest pavilion to accommodate four changing rooms and necessary changes for access and associated car parking.