Hornets announce record figures
WATFORD LEISURE have announced a record turnover of £29.9m for the year ending June, 30 2007.
The figure was an increase of £21.4m on the previous year and was driven primarily by increased TV income from being in the Premiership together with higher income generated from ticket sales and corporate hospitality.
The profit on ordinary activities before taxation was £8.0 million compared to a loss of £5.6 million) the previous year.
"We are now a Company with a stable business base from which to challenge for the Premiership based on an expanded revenue basis," said chairman Graham Simpson.
"We own our own ground and have a squad of players with significant value. We have the capacity to grow on the Vicarage Road site and in the area surrounding it. Moreover we have the people to achieve our ambitions and it is of this I am most proud."
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