Investment also eclipsed £2 million, however
Lincoln City recorded a £2 million loss in the last financial year, with a significant boost in staff costs on the playing side of the football club reflecting a modern trend in the sport.
Appleton was replaced by Mark Kennedy who signed a four-year contract in May 2022, and the former Republic of Ireland international currently has the Imps sitting in 16th place in the table – six points clear of the relegation places and ten adrift of the play-offs. Payments to facilitate the early termination of Michael Appleton’s contract were also included in staffing costs, while the aggressive approach of the 2022 January transfer window, which saw the club spend £300,000 on bolstering the squad, also played a part in the club’s final accounts.
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