Northampton Town Football Club has filed its financial statements for the year ended 30th June 2020 which show continued improvement.
Chief Executive James Whiting said, “These accounts cover the club’s financial performance in the 2019/20 season where turnover increased by around 10% and show that while the club still made a loss of just over £500,000, this was a significant improvement on the loss of the previous financial year and was still achieved despite the impact of Covid-19 beginning to be felt.
“These accounts also confirm the continued support of the owners who have been an important part of the club’s Covid-19 financial response, along with the generosity of supporters who donated refunds on match tickets and season tickets, along with other factors. The Covid-19 impact will be seen much more in next year’s accounts, but by using a lot of the mitigating options highlighted in the report, the club, despite the significant challenges faced with Covid-19, remains stable.
“This year, for the first time and to provide added transparency, the club have filed a more complete set of financial statements over and above legal requirements and also included a Financial Results and Business Review section. To those supporters and other stakeholders interested in the financial performance and position of the club, we hope the financial statements and additional information provided will be of interest.”
The full financial statements for the year ended 30th June 2020 including the report of the directors can be read in full here.