First Division club Sligo Rovers have announced a further reduction in the club’s debt after posting an operating profit of €34,070 for the year ending last November.
The club has reduced its debt by approximately €109,000 since 2002, and while the deficit still stands at a shade less than €175,000, the Treasurer, Fergal Keaveney, described the current level of debt as “manageable” at the club’s Annual General Meeting this week.
A day-to-day net profit of €16,812 was announced, which, added to a total of more than €17,000 written off a bank debt left a profit for the year to November at just over €34,000.
Expenditure on the Sligo team, including wages, travel and expenses, rose by €40,000 to €324,966 in the period.
