Town nets top profits
IPSWICH Town were one of English football's most profitable clubs during the Blues' successful 2000/01 Premiership campaign.The Blues recorded an operating profit of £5.
IPSWICH Town were one of English football's most profitable clubs during the Blues' successful 2000/01 Premiership campaign.
The Blues recorded an operating profit of £5.7 million according to the latest report into football finances by Deloitte and Touche – making the club the seventh most profitable league outfit.
On the field, Town enjoyed success with manager George Burley leading his side to fifth place in the Premiership and a spot in the UEFA Cup. The leap in financial terms was dramatic, as Town had recorded just the 64th highest operating profit the previous season.
Once again, Manchester United recorded the highest profit, the highest turnover and spent the lowest percentage of their income on wages.
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But a threat to their crown could be emerging at Liverpool, whose triple cup triumph in 2000/01 saw them rise from 78th to second in the profit/loss chart.
At the other end of the table, Ipswich's East Anglian rivals Norwich City recorded the ninth lowest operating profit, with £3.4 million.
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