Chesterfield have announced losses of £1,845,209 for the trading year ended June 30, 2019 – up from £1,061,270 the previous year.

The Spireites explain that ‘relegation and failing to gain promotion back to the EFL have had a serious impact on the trading results, together with a wish by the majority shareholder to maintain the playing budget to try and gain promotion back into the EFL.’

The Derbyshire club were relegated from League Two in 2018, and instead of the desired promotion challenge, last season became about trying to avoid relegation. It has been the same story this time around, with the team currently still in the relegation zone of the Vanarama National League (on goal difference), 31 games in.

A club statement adds: “Turnover was down by £1,927,237 on the previous year, however this figure also included in 2017/18 a total of £1,058,052 in player transfer fees. Gate receipts were down by £387,347 and commercial income was down by £200,068.”

Read more of the official statement:

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