28/07/1999
Although pre-tax profits surged over 400% from £3.7m to £20.2m at this premier division club, financial fans were reluctant to celebrate. The figures were buoyed by the £16.8m disposal of players, with a marginal 10% increase in turnover to £34.9m. The now standard strategy of quoted football clubs was reiterated. Stadium enlargements and developments, the expansion of corporate hospitality facilities and further merchandising routes are all targets. However, the club issued a cautionary reminder of exorbitant, and increasing, transfer fees.
| Market cap: | £59.2m |
| Share price: | 517.5p |
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