Home Bexley and Bromley Sport Article
Welling United post loss of £122,196 for the 2019/20 season
09:44, 18 May 2021
updated: 09:44, 18 May 2021
Welling United lost more than £120,000 during the 2019/20 season, their latest accounts reveal.
The Wings' profit and loss account deficit increased to nearly £300,000 - a rise of £122,196 on the previous year.
The loss was mainly underwritten by a directors loan of just over £110,000.
Welling were under the management of chairman Mark Goldberg during the first part of the 2019/20 campaign before he stepped down and was replaced by Bradley Quinton.
The season was cut short in March due to Covid-19, the Wings ending the campaign in 12th place in National League South.
Welling spent much of the curtailed 2020/21 season at the bottom of the table as they reduced their budget on previous campaigns.
Quinton left the club in January 2021 and was replaced by former Gillingham boss Steve Lovell. Their last game in the 2020/21 season was a 4-3 home win over Ebbsfleet on February 16.
Latest news
Features
Most popular
- 1
‘Plumbers charged my elderly relatives £8,560 but settled on £765 when challenged’
22 - 2
Video captures panic as fireworks display goes wrong and ‘boy’s face burnt’
11 - 3
Family-run garage closes for final time after 92 years of trade
5 - 4
Kent pub 'surrounded by sheep' named one of UK's best to visit in autumn
3 - 5
‘I’d much rather have a full restaurant than Michelin stars’
5