Net loss of nearly £1 million shows up in club accounts
Grimsby Town’s owners invested £1.5 million into the club over the last year, in what proved to be a successful bid to get the club immediately back into the English Football League.
However, the club’s remarkable and unlikely promotion via the play-offs in the 2021/22 season ensured that the future could be bright for the Mariners, and they currently sit safely in 16th place in League Two. This is largely in part to the immense levels of investment, in the form of loans and funding, from Grimsby’s new owners 1878 Partners, fronted by Jason Stockwood and Andrew Pettit.
These loans from previous shareholders have since been fully repaid, leaving other loan debts of £449,375.
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