Brian Caldwell talks about the publication of the accounts
Shrewsbury Town CEO Brian Caldwell has spoken to ShrewsWeb to explain this year’s accounts.
The accounts were released this morning with the headline figures showing a profit of £409k.
These accounts cover the year from 1st July 2016 to 30th June 2017 i.e. the 2016/17 season and Brian is pleased with how things look.
“It’s another positive set of accounts, I think, for the football club and quite an unusual one for the majority of clubs in the leagues”, said Caldwell.
“It's another healthy profit this year on the back of the previous year where we had the player sales. It’s good news for the stability of the football club and it shows that the Chairman has run it well up to now and will continue to do that.
“Everyone knows that we haven’t got any financial difficulties, we haven’t got any debt and obviously the sale of the land to Lidl has helped the figures as well this year, so it’s all positive.”
Brian also confirmed that the profits made over the last couple of years have been invested into the club’s facilities.
“You look at the money from the player sales and the FA Cup run in the previous year’s accounts and we have invested a million pounds of that into the training ground”, Caldwell continued.
“It’s an ongoing cost as well with constant things needing fixing and improving, and we are always striving for the best we can afford.
“Next year will be interesting because although we’ve had a more successful year it doesn’t necessarily mean that we’ve got loads of money from that.
“At the end of the day these extraordinary items that we’ve had in the accounts, like the Lidl money in 2017 and the player sales and FA Cup run in the year 2016 are one-offs and you’ve got to be careful what you do.
“There’s no point just throwing money at football wages for example and then in two years’ time running out of money. We’ve always said that we will do everything for the long-term benefit of the football club and that’s what we will always do.”