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League Two Table

  PGDPts
1Doncaster272158
2Plymouth261554
3Carlisle271148

4Portsmouth261445
5Wycombe26643
6Luton261342
7Colchester27740

8Barnet27040
9Exeter261239
10Cambridge Utd26739
11Grimsby27439
12Mansfield27-137
13Blackpool261136
14Crawley Town25-735
15Stevenage27-633
16Yeovil26-332
17Morecambe25-1131
18Hartlepool27-930
19Crewe27-1328
20Accrington Stanley26-1126
21Leyton Orient26-1125
22Cheltenham26-1124

23Notts County27-2223
24Newport County26-1619

Full League Two Table
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Question of the Week

How much would you accept for Omar Bogle?

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Wanted: Fairy Godmother
Wanted: Fairy Godmother

Town Accounts Reveal Huge Loss

By: Rob Sedgwick
Date: 02/11/2011

GRIMSBY Town lost almost one million pounds in the previous financial year, the published accounts revealed today. Although widely anticipated the loss once again reiterates what a huge problem Town face just to stay in business.

The Mariners gambled on getting promoted in the first season of non-league football, a gamble they lost. They have placed a similar gamble this season, having a budget more in line with a League Two side, rather than what their gates and other current income can justify. With Town nowhere near the play-off places it's not a gamble that looks like paying off this year either.

TV money is down by almost a half from what it was in the Football League (although ironically Grimsby appear far more often on TV in the Blue Square Premier than they ever did in the League) and gate receipts down by nearly a third from when Town were in League Two (smaller away crowds plus a drop in home support).

The vast majority of Town's debt is benign in the form of loans to John Fenty and the other directors, so is not an immediate problem as none of them are likely to want to get it back. However the immediate problem remains the huge doubt of who is going to plug the gap after Christmas and for the foreseeable future. Former Chairman John Fenty's resignation last month means nothing is likely to be resolved until the AGM later this month.

Short of the directors funding the club the only alternative facing Town is a massive cut in staff costs across the board throughout the club, including the playing budget.

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