Morecambe FC post £445k loss for 2013-2014 season

Morecambe FC made a loss of £445,465 last season according to the club’s official accounts.
Morecambe FC.Morecambe FC.
Morecambe FC.

The figure for the 12 months up until the end of May 2014 is down nearly £350,000 from £793,776 for the previous year.

According to the report the club are looking to be in a position to break even in April 2016 as part of a three-year plan outlined in April 2013.

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It also states loans from directors, particularly chairman Peter McGuigan, are being used to maintain the cash flow of the business.

Staff and player wages went down from £1,799,949 in 2013 to £1,678,884 in 2014 despite the club employing six more people, 76.

The 2013-2014 season saw the Shrimps host televised cup ties against Wolves and Newcastle as they finished 18th in League 2.