It’s not easy to make a profit at a League 2 club, but that is what Torquay United have done after two years of big losses. The Gulls made a loss of £711,414 in 2008-9 and £681,430 in 2009-10, but last season they managed to make a £116,582 profit.
It’s not easy to make a profit at a League 2 club, but that is what Torquay United have done after two years of big losses. The Gulls made a loss of £711,414 in 2008-9 and £681,430 in 2009-10, but last season they managed to make a £116,582 profit.
Revenues were up from £2.1m to £2.7m and the biggest boost came from reaching the fourth round of the FA Cup. Transfer fees also helped. This season’s results should have been helped by two sales of £100k each, although major grandstand work will soak up the money.