Walsall report profit for 11th successive season

Walsall's Banks's Stadium, Bescot
Walsall made the short move from Fellows Park to their now 10,910-capacity Banks's Stadium home in 1990

League One club Walsall have turned in a profit for the 11th season running.

Last season's beaten play-off semi-finalists posted a profit of £417,000 for 2015-16 - an improvement of £355,000 on the previous season.

"This also represents 20 years of profit in the last 23 years," said chairman Jeff Bonser in a statement.

"I believe this to be a significant achievement in light of the financial pressure clubs face in an increasingly competitive environment."

Apart from sponsorship, the club also make money from their long-running Sunday market and the lucrative advertising signs next to the M6 motorway, which runs next to their Banks's Stadium home at Bescot.

They also brought in their biggest crowd of the year to watch Sir Elton John in concert in June 2015.

"On a drizzly evening, 14,000 fans attended to witness a spectacular show that will live long in the memory for all those who braved the weather," added Bonser. "The event made me very proud.

"Hopefully this will pave the way for other such artists to consider the club as a fitting venue to host similar events in the future."

Walsall are 14th in League One, their 10th consecutive season in the third tier, and have lost just one of their last eight games.

Meanwhile, academy manager Neil Woods is to leave in November after five years with the Saddlers to return to his former club Grimsby Town in a similar role.

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