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Grimsby Town have announced losses of £857,513 for the last season, with gate incoming falling by £500,000.
The club lost £5,000 a week in day-to-day trading, and wrote off over half a million pounds on their attempts at relocating the stadium. The accounts also show that the club employed, on average, a staggering 76 full time and 239 match day staff with wages taking 83% of turnover in total.
The club made £400,000 the previous year, mainly due to a cup run and play-off final trip to Cardiff, but needed £465,000 of loans from Directors to continue trading last season as their debt levels became unmanageable. The club's accountants have warned that the club remains unviable without further loans coming into the club.
Meanwhile, Mansfield fans have called for a boycott of home matches and will demonstrate in front of the BBC cameras on Sunday. Supporters groups Stags Fans For Change and Team Mansfield have criticised owner Keith Haslam's decision to delay the takeover further with Team Mansfield chairman Chris Vasper telling local paper The Chad: "It is clearly a black day for Mansfield Town FC. The failure to come to a deal must be laid squarely at the feet of Keith Haslam, whose only motivation seems to be his own personal greed.
"It is clear that he is happy to wait and see what happens on Sunday and any possible 'big' draw in a future round of the FA Cup. Keith Haslam's comments over recent days suggest he is concerned about the financial safeguards for the club. This beggars belief in the light of the illegal loans he has taken out of the club and the loans for land owned by his own holding company. Over the past three years the club has made £250,000 losses in each of those years and indications are that they will be even bigger this year. How is that safeguarding the financial future of our club?"
Harrogate fans will join Stags fans in the protests on Sunday with banners, t-shirts, and balloons all around the ground.
