The financial statements of Forest Green Rovers for the fiscal year that concluded on June 30, 2024, have been submitted.
Forest Green Rovers have reported an operational loss of £3,269,365 for the financial year ending June 2024.
That is a huge increase on the £1,362,432 for the previous year. Overall, the club have lost £3,626,404 in the financial year after tax.
The club did, however, report a £7,935,177 turnover for the previous year. The club’s success on the pitch after recent relegations would be mostly responsible for the loss.
The tax on loss has gone up an incredible amount between the years of 2023 and 2024 seeing it rise from £6,831 to £355,980.
The difference between the loss in the two financial years is just over £2.2m, something that Rovers would have anticipated given their league status.
In the strategic report, it says: “Following relegation to the National League, the club aspires to push forward and regain a position in League Two and beyond while recognising the requirement to invest in the first team.
“The club is still making investments in the New Lawn even though they have plans to relocate to a new stadium.
“The club keeps making investments for a sustainable future by helping its academy develop and retain ‘home grown’ players who can contribute to the first team roster.”
Dale Vince, chairman of Forest Green Rovers said: “No surprises here, the last two seasons’ results reflect where we’ve been, but these results also show the strength we’ve got behind the scenes.
“A club with an £8m turnover, backed solidly by its owners and an incredible group of loyal fans who stick with us through thick and thin.
“This season has been a turning point; we’ve found our rhythm again. 20 games unbeaten at home all season and a squad that has got its sights firmly set on getting back into the Football League. That’s the goal and we’re all in.
“Looking ahead we’ve got big plans, including the progress we’re making with the new training ground and Eco Park. That will be a game changer, not just for Forest Green Rovers, but for the community and the local economy.
“Progress is good, momentum is building and there is loads to be excited about.”
Rovers hosted 28 games at the New Lawn last season, with the regular 23 League Two matches and five cup fixtures.
They won their group and advanced to the EFL Trophy knockout stage before losing to Oxford United. They also advanced to the FA Cup’s second round after defeating Scarborough Athletic and then falling to Blackpool.
Thus far this year, they have earned £11,500 in prize money for their FA Trophy participation, £24,375 for their FA Cup involvement, and a portion of £1 million from the Premier League for their National League Cup entry.
* Rovers will play in the National League on Saturday at Wealdstone, with a 3pm kickoff.
