£26,899 Profit for Bulls

Hereford United made a profit of £26,899 in the year to May 31st 2009. That compares with a profit of £408,647 the previous, promotion season.

To have made a profit at a time when other clubs are showing large losses is a credit to the club but it has come at a cost - relegation back to League Two.

In essence the League One year turnover was disappointing, down from £2.386,228 to £2,023,657. However costs were contained with wages and salaries at £1,118,456 slightly down compared with the previous season.

One of the reasons for the drop in profit was reduced income from transfers out £131,587 compared with £269,139. Another reason was the cost of loan players. Last season their cost was £262,146 against £118,989 in 2008.

But the biggest different in the accounts is the substantial drop in gate income - £580,328 which is down from £994,551. That's a drop of over £400,000. Whilst this is balanced somewhat by an increase in season ticket income, up £104,000 and Football League income, up £140,000 it does show the importance of getting supporters through the turnstiles.

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