Finn Harps made a small trading profit last year – but only because of a sell-on clause for former Derry City player Stephen McLaughlin who was sold to Nottingham Forest.
The Donegal club held its annual general meeting last night in Ballybofey where shareholders were told that the cost of running the club was slightly under €250,000.
The club reported a trading profit of €1,114.
However, it would have made a loss had it not been for the fact that Harps got €24,000 as their cut of the transfer received by Derry City when they sold on McLaughlin (who had joined the Candystripes from Harps) to Nottingham Forest.
Shareholders also heard that it is hoped to have work on the main stand in the new ground completed by the autumn.
Finn Harps still has old outstanding debts of €227,000 but an arrangement is in place with the Revenue Commissioners and this is not impacting on the day to day running of the club.
See Tuesday's Inish Times, Wednesday's Donegal Post and Thursday's Letterkenny Post for more.
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