Newport Report £600,000 Trading Loss From Conference Promotion

Newport have recorded a trading loss of over £600,000 in securing promotion from the Conference last season.

The £606,032 figure is cut down to around £350,000 after transferring historic debt to shares and cash, paid out by Chairman Les Scadding. The lottery millionaire put nearly £400,000 into the club to cover debt payments and player transfers, with the club spending just £750 on incoming transfers thanks to Scadding's input.

The Exiles reported a player budget of nearly £950,000 - up by nearly 50% on the previous season - and over £200,000 on other wages with a turnover of £1.2million.

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