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Club to reveal profit for third season running
Wed Nov 8, 2017 13:11
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Wycombe Wanderers Football Club are expected to declare a profit for the third consecutive season when preliminary accounts are revealed as part of the Supporters Trust AGM activities during November 2017. The accounting period includes the time when the Club received an estimated £1.4m from the ‘sell-on’ clause as a result of the transfer of Jordon Ibe from Liverpool to Southampton.

The Trust AGM is scheduled to take place on Wednesday 29 November 2017 at Adams Park and members are expected to receive formal notification shortly, along with the accounts.

The AGM agenda will include the election of Trust Directors, plus a presentation of last year’s activities and a general Question and Answer session. The Trust Directors retiring by rotation are Mark Burrell, David Cook, John Derben and Dale Jenkins.

The Club declared a profit of just over £36,000 for the 2014/15 campaign but this rose to £470,000 for the 2015/16 season. –The latter figure was boosted by an estimated £350,000 windfall from the FA Cup Third Round ties with Aston Villa in January 2017.

The 2016/17 season saw more FA Cup revenue generated – although, without the live TV coverage, the income is not expected to reach the levels of 2015/16 – this despite reaching the 4th Round for only the second time in the Club’s history and attracting a sell-out crowd for the tie with Spurs at White Hart Lane.

But it will be inclusion of the ‘Ibe’ money that will attract the most interest – especially as the money was used to pay-off the debt to previous owner Steve Hayes in full.

Other significant activity during the year included Football Club Chairman Andrew Howard stepping down from his position and being replaced by Trust Chairman Trevor Stroud. Howard, who had been in the Chairman role for three years, moved into a new Sporting Director role with the Football Club.

The Trust are also likely to use the AGM as a vehicle to promote the ‘500 Club’ share scheme. This has been re-launched in time for the January 2018 transfer window – with just over £16,000 being raised to date from just over 100 fans.

The full Football Club accounts are not expected to be formally released until March 2018.

More info on the AGM

http://www.wycombewandererstrust.com/2017/09/save-the-dates

More info on the 500 Club

http://www.500wanderers.co.uk/

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