Ebbsfleet United post £1.7million loss for the financial year ending May 30, 2022

Ebbsfleet United chief executive Damian Irvine insists the club’s long-term financial strategy remains unchanged despite a “disappointing” set of financial figures.

The Fleet’s recently released financial figures, for the year ending May 30, 2022, show that once interest, depreciation and amortisation are taken into account, the loss before taxation was £1,790,700. The previous 12 months saw a loss of £1,321,818, so the figures go against Irvine’s hopes of year-on-year reduction in the club’s losses.

Despite the increased loss, the Fleet are still hopeful that the long-term trend will continue to see the size of their losses decrease.

They also have ambitions plans to redevelop their Stonebridge Road home and surrounding area which will vastly change the club’s financial outlook.

“For the year ending May 2023, we do a show a loss of £1.7m - that’s off the back of a very difficult time in the post-Covid period, which also affects this year,” said Irvine.

“It’s disappointing not to be able to show a continued reduction to the losses. However, the strategy remains the same and continues to be successful in overall reducing losses.

“We would like to thank all our supporters for your investment in the club - in season ticket and retail purchases and ongoing support of the Fleet.

“It remains a fact that to perform at the levels supporters would like to and to match the ambition of where this club should be playing in our view, that we continue to rely on Dr Abdulla and his family.

“Over time, our main strategy is to continue to reduce that reliance to a more sustainable model which we work hard on every day.

“Our property plans and strategy are designed to negate that reliance totally and on that front, we also continue to