I have attached the full accounts.
The club made a pre-tax loss of £2.4 million last year, so it is apparent we made a calculated gamble that we would be promoted if we invested heavily in the playing squad for a third season running. Thankfully the gamble paid off.
Despite the substantial loss, we remained solvent due to MP converting £500,000 of his loans to shares. We still owe MP £2.7 million according to the directors' report, which shows that our turnaround has come at significant personal cost to him. Interestingly, we still owe PJ £400,000 and a loan of £300,00 was received from Wirral Borough Council in the year, which has now been fully repaid.
Turnover is down from £5.4 million to £4.6 million due to the abandonment of the concert idea, but when you consider that our commercial income is now £2.9 million compared to virtually nil when PJ was here, it shows how much the China / community / hospitality projects have generated for the club.
We have also set up a new company, Tranmere Rovers Football Club (International) Limited, which the foreign income will presumably be directed through.