Sunday, March 3, 2024

The Imps post £2m loss despite rising turnover

The Imps have posted a £2m loss in annual results, despite turnover being on the rise with crowds returning to stadiums.

Lincoln City Football Club said turnover in 21/22, its first full season in League One with fans in attendance, was at its peak over the past four years, growing to £6.9m from £5.6m in the year prior on the back of significant increases in matchday and commercial/hospitality revenues.

While the football club incurred an increased loss, of £2m for the year, still affected by the aftermath of the pandemic and with all expenditure significantly increased, the Imps’ losses amounted to £186k less than the 2018/19 League Two promotion season.

Lincoln City Football Club finished the season in 17th position.

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