Shrewsbury Town losses fall by £1m after ‘most challenging’ circumstances
Shrewsbury Town have cut losses by £1m following what chairman Roland Wycherley called the club’s “most challenging and difficult circumstances”.
The accounts cover the 2024/25 season, during which Salop were relegated to League Two.
As highlighted by the Shropshire Star last week, Shrewsbury have reported a loss of £600,000 for the 2024/25 financial year, a significant improvement on the £1.6m deficit recorded the previous season.
In his report, Wycherley said he took “no pleasure” in outlining the “difficult actions” the club had been forced to take since 2023 to improve financial stability, adding that Town continue to seek “investment for the future”.
The club said the £1m year-on-year reduction was driven largely by a £400,000 rise in turnover, cost savings of around £600,000, a fall in other operating income of about £300,000 and a £300,000 reduction in the tax provision.
The chairman’s report read: “Season 2024/25 followed on from the most challenging and difficult set of circumstances in the club’s history.
“It gives me no pleasure to report that the difficult actions which were taken from 2023 onwards have brought the financial sustainability of the football club much closer this year.
