Motherwell's accounts show improvement

By Firparkcorner
Last updated : 06 December 2017

The financial statements for the year ended May 2017 are now available to Motherwell FC shareholders.  They reveal an increase in turnover and a reduced operating loss of £104k.

Given that the previous year resulted in a loss of £404k, we are moving in the right direction and the forecast is for a healthy cash position for 2017/18.

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There was a dip in income from broadcasters but gate receipts, sponsor and advertising and UEFA solidarity all increased their contributions to push turnover to more than £4M.

The report indicates that our cup income increased last season despite early exits; games against the big Glasgow clubs tipped the balance.  There was a modest increase in transfer income and next year’s results will include the sell-on benefits amounting to £720k for the sale of Ben hall and Marvin Johnson.

The board of the club has five members; Jim McMahon, Leanne Thomas, Douglas Dickie, Tom feely, Alan Burrows.

Staff and other operating costs were in line with 2015/16 but the reference to Directors’ salaries shows an expenditure of £55k compared to £0 in the previous year.

There was some repayment of loans to Les Hutchison and John Boyle and the outstanding total to the pair was £1.75M.  Since the balance sheet date more than £200k has been repaid to the pair.  The Well Society passed £110k to the club and its contribution over the years now approaches £500k.

No doubt more snippets will be gleaned at the 112th AGM of the club on Monday 8 December.

AGM 111 report

Motherwell Match Reports

Scottish Premiership Sat 30th December 15:00

Motherwell 1 - 3 Hamilton Academical

Last game - Match Centre


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