PROFIT and loss

The accounts of Plymouth Argyle Football Club Ltd were released today for 2007/08 showing that the Greens made a profit of approximately £1.1 million, which is not really that much but is much better than the loss normally incurred. Though remember this was for year ending May 2008, after all the sell offs of players, concerts etc. Since then, there has been a drop in attenanced - once again stated plainly by the chairman as a key factor - and a few dud signings and high wages, plus the credit crunch. Meaning that that money has probably gone already and again we are "balancing the books".