Club statement: Submission of accounts

A club statement regarding the submission of the club accounts for the year ending June 2023...

Since assuming responsibility, the club's board has been diligently working to navigate through the inherited financial difficulties, prioritising the best interests of the club and its stakeholders. Despite the complexities and constraints, efforts have been focused on stabilising the financial situation and laying a solid foundation for future growth and success.

This has resulted in having to work with the information available to us, to produce accounts for the period of June 2023, a period which the club was owned and operated by our predecessors Mr Swann and Mr Hilton respectively. The June 2023 accounts, which have now been submitted, acutely represent where the club was at upon our arrival, this being with significant debts, many which were overdue and no reserves, to mention, to discharge them.

The club recognises the importance of accountability and open dialogue with its supporters, sponsors, and the wider community. As such, it remains dedicated to fostering transparency, building trust, and ensuring the long-term viability of the club. It is therefore the intention of the board to hold an AGM once the June 2024 financial statements are produced, this will also allow the board time to resolve the immediate debt problems, complete the current season and plan for the future.

Owner of Scunthorpe United Football Club Limited, Michelle Harness, said: “While we acknowledge the challenges we've faced since October 2023, we are unwavering in our commitment to address these issues head-on and steer the club towards a more sustainable and prosperous future. 

"Our AGM will provide a platform to transparently communicate our financial performance, outline our strategic objectives, and engage with our members and stakeholders."