SAINTS POST PROFIT
26th July 2016
Saints have posted an annual pre-tax profit of just over Â£296,000 for the financial year ended 31st May 2008.
In his statement to the Clubâ€™s Shareholders Chairman Geoff Brown expressed satisfaction with both the football and financial side of the club, stating that advances had been made in both areas.
The healthy profit of Â£296,756 has been due, in part, to the Club reaching the semi-final of the Scottish Cup last season together with increased use of the facilities at McDiarmid Park for both football and non-football activity.
Geoff told Shareholders â€œAs I have stated on many occasions, the utilisation of the facilities at McDiarmid Park are of great importance to the Club and I am pleased to report a further increase in turnover coupled with a good operating profit in this area. This will continue to be a key area and a vital source of revenue for the Club and great importance is attached to ensuring that such progress continues.â€
He also revealed that as well as providing â€œsignificant investmentâ€ to Derek McInnes in order to strengthen the playing squad, money had also been spent on ensuring that the stadium â€“ now 19 years old â€“ remains in good condition.
The Chairman continued â€œSince St Johnstone FC relocated to McDiarmid Park in 1989, it has always been our aim to keep the fabric of the stadium in good condition and a significant sum has been spent in this area with further capital commitments being in place since the year end. I regard such a spend as an investment in our facilities and this should provide an ongoing return for the Club.â€