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Caley Thistle announce record profits of over £250,000

Caley Thistle lifted the Scottish Cup last season.
Caley Thistle lifted the Scottish Cup last season.

Caley Thistle’s Scottish Cup win last season has resulted in a, SPFL club record profit of £254,240 for last season.

The third successive annual profit for the period ended May 15, 2015 represents a huge increase in the £28,000 profit made in 2014.

Club chairman Kenny Cameron said: “Our strategy and business model has again served us well over a memorable period in which we won the Scottish Cup, finished third in the Premiership and qualified for the Europa League.

“It showed what is possible when everyone within a club shares a dream and our intention is to continue to build on what has been achieved.

“The lack of a league sponsor impacted on club income while player and staff rewards for achievement increased our spend, but the Scottish Cup revenue and the sale of Billy Mckay to Wigan in January ensured a more than acceptable return.”

Cameron revealed the club’s strong financial position meant they were able to resist offers for Graeme Shinnie in January with the defender staying in the Highlands to captain the club to cup glory at Hampden before moving to Aberdeen in the summer.

The accounts show turnover rose to £4,623,203 from £3,891,475 last year. With ticket sales increasing this season and the £500,000 sale of Ryan Christie to Celtic in August the club is on course to announce a fourth consecutive profit in 2016.