Highest profit for years

After years of depressing accounts, Hereford United have turned one of the best profits for many years. The results detailed in todays Hereford Times show that the club made £298,585 in the year to May 31 2004.

The improvement mainly came from two areas, gate revenue and transfer fees.

Gate revenue rose from £239,457 to £586,882 and transfer fees from £8,236 to £138,750.

On the down side, income from broadcasting was down because there had been a Sky fee for a Cup game in 2003. The figure dropped from £139,388 to £53,370.

Wages and salaries rose from £474,719 to £543,780. It is beleived part of the increase was because of bonuses paid to players after coming second in the Conference last season.

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