Vital Football

Latest Stoke City News

Stoke makes Premier League profit

Stoke makes Premier League profit

Stoke City have released their accounts for last season's trading and announced that they actually made a profit.

Our first season in the Premier League showed that turnover rose from just over £11m in our last year in the Championship to nearly £54m and that the £4.3m loss that the club suffered in 2007-08 has now changed into a 'small' £500,000 profit.

It all seems to be good news on the financial front. The club is currently investing £7m in the new training facility at Clayton Woods and also now owns the Britannia Stadium outright, on which it has spent £800,000 in refurbishing costs.

Whilst the club does have debts to its parent company, Stoke City Holdings Ltd (which is in turn owned by Bet365), it owes no money to any one outside the Coates family and that all loans have been interest free.

Peter Coates has also given assurances that the current loans totalling £24m that have been given by the holding company will be written off which will mean that the club will then be totally debt free.

This announcement conflicted sharply with today's news that Portsmouth had finally gone into Administration with debts of up to £70m and it's good to see that the current owners seem to be determined to ensure that the club will hopefully be able to stand on it's own feet in the future without the need for a rich benefactor to bail it out.



Click here to join in the debate on the club forum.

Writer:Chris Baldwin
Date:Friday February 26 2010
Time: 3:53PM

Login to post a comment

Recent Stoke City Articles

Muniesa wins Manchester United Man of the Match poll

Centre half wins the MOTM poll

Everton thrash sorry Stoke

Classy Everton took all three points from the Britannia Stadium against a disjointed Stoke.

Goals from Aaron Lennon, Sheamus Coleman and a penalty from Romelu Lukaku gave the Toffees all three

Stats: Stoke City v Everton

All the stats from Stoke City (0) vs (3) Everton, Britannia Stadium, 6th Feburary 2016 3pm Att: 27,733

Team News: Stoke City v Everton: Defensive crisis

Potters struggle as defenders face late fitness tests

Archived Vital Stoke Articles

Vital Stoke articles from

Site Journalists

Lloyd Reddin
Profile
Tom Barker
Profile
Matthew Forrester
Profile
Phil Williams
Profile

Current Poll (see more polls)

MOTM v Everton
Suggested By:
Butland44%
Johnson0%
Muniesa0%
Wollscheid0%
Pieters0%
Whelan0%
Imbula28%
Afellay0%
Arnautovic0%
Shaqiri0%
Diouf0%
Ireland0%
Odemwingie28%
Joselu0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Leicester City 25 15 8 2 53 20
2 Spurs 25 13 9 3 48 26
3 Man City 25 14 5 6 47 21
4 Arsenal 24 13 6 5 45 15
5 Man Utd 24 11 7 6 40 10
6 West Ham 25 10 9 6 39 9
7 Southampton 25 10 7 8 37 9
8 Everton 25 8 11 6 35 12
9 Liverpool 25 9 8 8 35 -4
10 Watford 25 9 6 10 33 0
11 Stoke 25 9 6 10 33 -7
12 Crystal Palace 25 9 5 11 32 -4
13 Chelsea 24 7 8 9 29 -2
14 WBA 25 7 8 10 29 -9
15 AFC Bournemouth 24 7 7 10 28 -10
16 Swansea 25 6 9 10 27 -9
17 Newcastle 25 6 6 13 24 -18
18 Norwich 25 6 5 14 23 -20
19 Sunderland 25 5 5 15 20 -19
20 Aston Villa 25 3 7 15 16 -20
Latest F1 News
Latest Vital Boxing News

Stoke City Fixtures (view all)

Feb 13 2016 3:00PM : AFC Bournemouth (a)
Barclays Premier League
Feb 27 2016 3:00PM : Aston Villa (H)
Barclays Premier League
Mar 2 2016 7:45PM : Newcastle United (H)
Barclays Premier League
Mar 5 2016 3:00PM : Chelsea (a)
Barclays Premier League
Mar 12 2016 3:00PM : Southampton (H)
Barclays Premier League
Mar 19 2016 3:00PM : Watford (a)
Barclays Premier League

Recent Stoke City Results (view all)