Potters profit from first Prem season

BY foxsports • February 26, 2010

Figures announced for the year 2008-09, the club's first season back in the top flight, show the Potters made a net profit of £503,000 at the end of the last trading year, after transfers, and had an increased turnover of £54m - up from £11m in their last season in the Championship. Tony Pulis, a former Portsmouth boss, said: "This is a great testament to the Coates family, who have put so much into the club. "The chairman, Peter Coates, has been a fan since his boyhood and he knows this club inside out. He and his family have put so much into the club. "This is a family club, run for the fans, and by local people. There should be an inquiry into how Portsmouth has been run." The Coates family have already invested £17m, interest free, and plan to inject another £24m. Pulis said: "It must be unique for a club like us to be free of external debt, and that underlines how indebted we are to the Coates family. "The most important thing about this club is that it stays in existence, we have had success on the pitch to match the investment."

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