Bulls profit from promotion

23 Nov 2016 By David Watters

EVO-STIK League Southern Hereford have confirmed they are making a profit as they push on for promotion.

The runaway EVO-STIK League Southern Division One South & West leaders are in the black after being rescued and reformed by fans as a 'phoenix' club in 2014.

Newly released accounts covering their first full year of trading show the Bulls made a net profit of £21,127 on a turnover of over £1 million. Match-day ticket sales accounted for £387,155, with season tickets earning the club £118,403.

Reaching last season's FA Vase Final at Wembley brought £40,200 in prize money while Hereford FC merchandising added a whopping £261,285 to the kitty. Sponsorship and advertising around Pete Beadle's promotion winning side added a further £135,999 with matchday programme sales and bar profits accounting for another £30,000 plus.

Winning last season's Midland League title and promotion to the EVO-STIK League Southern did't come cheap with more than £200,000 spent on staff, management and player wages and just under £300,000 on the refurbishment and repair of Edgar Street.

The Bulls could still report a healthy bank balance despite their outgoings with £418,903 in the bank at the end of last term on May 31.

Image courtesy of herefordshirelive.co.uk

Follow the EVO-STIK League Southern on Twitter at @SouthernLeague1

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