The Fishy - Grimsby Town FC



League Two Table

  PGDPts
1Bromley46+2587
2MK Dons46+4186
3Cambridge Utd46+3382

4Salford46+1081
5Notts County46+2280
6Chesterfield46+1579
7Grimsby46+2478

8Barnet46+1776
9Swindon46+1175
10Oldham46+1668
11Crewe46+667
12Colchester46+1366
13Walsall46065
14Bristol Rovers46-962
15Fleetwood Town46-161
16Accrington Stanley46-1153
17Gillingham46-1953
18Cheltenham46-2652
19Shrewsbury46-2749
20Newport County46-2943
21Tranmere46-2541
22Crawley Town46-2440

23Harrogate Town46-2939
24Barrow46-3336

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Wanted: Fairy Godmother
Wanted: Fairy Godmother

Town Accounts Reveal Huge Loss

By: Rob Sedgwick
Date: 02/11/2011

GRIMSBY Town lost almost one million pounds in the previous financial year, the published accounts revealed today. Although widely anticipated the loss once again reiterates what a huge problem Town face just to stay in business.

The Mariners gambled on getting promoted in the first season of non-league football, a gamble they lost. They have placed a similar gamble this season, having a budget more in line with a League Two side, rather than what their gates and other current income can justify. With Town nowhere near the play-off places it's not a gamble that looks like paying off this year either.

TV money is down by almost a half from what it was in the Football League (although ironically Grimsby appear far more often on TV in the Blue Square Premier than they ever did in the League) and gate receipts down by nearly a third from when Town were in League Two (smaller away crowds plus a drop in home support).

The vast majority of Town's debt is benign in the form of loans to John Fenty and the other directors, so is not an immediate problem as none of them are likely to want to get it back. However the immediate problem remains the huge doubt of who is going to plug the gap after Christmas and for the foreseeable future. Former Chairman John Fenty's resignation last month means nothing is likely to be resolved until the AGM later this month.

Short of the directors funding the club the only alternative facing Town is a massive cut in staff costs across the board throughout the club, including the playing budget.

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