Newport County has reported an operating loss of approximately £760,000 for the last season, prompting owner Huw Jenkins to inject more than £1 million in loans to support the struggling League Two club. Jenkins, who acquired a 52% stake in Newport County after taking over from the club's Supporters Trust in January 2024, has been instrumental in addressing the club's financial issues. The latest accounts reveal that despite a profit last year, the club remains heavily reliant on Jenkins' financial support to manage cash flow concerns. Jenkins has stated that he has provided around £3 million in loans to help alleviate financial pressures on the club.
The financial figures, which cover the period up to June 2025, indicate a significant reduction in income, with the club's turnover recorded at £4.58 million compared to the league average of £6.6 million for the 2023/24 season. This decline in revenue is attributed to the club's poor performance, finishing 22nd in the league, and a decrease in commercial revenue. Additionally, the accounts highlight the impact of a historical bad debt write-off and increased expenditure aimed at enhancing facilities for both the academy and first-team players.
Newport County does not own its home ground, Rodney Parade, which is leased from Dragons RFC at a cost of around £1 million per year. The club's wage bill has risen to over £2.5 million, nearly half the average for the division. Currently, Newport County is engaged in a relegation battle, sitting just two points above the drop zone, despite a recent victory over Shrewsbury Town. Jenkins has expressed hopes for new investment but has faced challenges related to share dilution and the threat of relegation, which complicate efforts to secure additional funding. The club's future hinges on improving financial results and maintaining consistent performances throughout the season.
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