Stadium of Light

Financial results announced

by Sunderland AFC

Figures confirmed for year ending 31st July 2012.

Sunderland AFC has announced its financial results for the year ending July 31st 2012.

The figures show a turnover for the 12-month period ending July 31st 2012 of £78.0 million. The club’s operating loss for this period, which highlights all costs, excluding player amortisation and trading, was £4.2 million.

Operating expenses, including areas such as staff/player wages, match costs and utilities, fell to £104.9 million, compared to £110.7 million for the previous year, resulting in a net operating loss of £26.9 million – a reduction of £4.3 million on last year's results.

These operating expenses feature player amortisation costs for the period of £22.8 million. One permanent signing and three loan players arrived during this period and five players who did not figure in the manager’s future plans were moved on.

SAFC chief executive Margaret Byrne said: “Our results reflect a period where we embarked on a programme of continued investment in the playing squad, choosing to retain the services of those players that the manager identified as key to the team. 

"We also invested significantly in our Academy in order to secure EPPP Category One status and give us the best possible chance to develop young players for the future.

“Our net operating loss has reduced slightly and we are continuing to implement a structured financial plan to ensure sustainability for the future.”