TOWN made a loss of £1.75million in 2007, newly-published accounts have revealed.
The club’s operating loss stood at just over £2.2million, but they recouped more than £800,000 from player sales, which included the departure of teenage striker Lukas Jutkiewicz to Premiership giants Everton.
Turnover increased from just over £3.1million in 2006 to more than £3.5million in 2007.
The accounts also revealed that the company owed nearly £2.5million to Shaw Park Developments Ltd, a joint venture between developers St Modwen and Town's holding company to explore the possibility of a new stadium.
The 50 per cent interest in Shaw Park Developments Ltd has since been transferred to Swindon Football Holding Ltd, the consortium headed up by current chairman Andrew Fitton.
It was also revealed that former club owner Sir Seton Wills and son James provided an indemnity for the £1million claim against the club by former director Bill Power.
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