Steve Wharton believes Iron's finances are looking sound

Scunthorpe United are expected to announce record profits within two weeks in the wake of the transfers of Billy Sharp and Martin Paterson.

Iron chairman Steve Wharton told BBC Radio Humberside: "The results this year will be fantastic and our accounts will look extremely healthy.

"If anything we'll be criticised for having too good a balance sheet but that because of both transfers."

Scunthorpe are currently top of the League One table.

They are unbeaten in their last 13 games after being relegated from the Championship last May.

In the last two seasons they sold a trio of strikers to higher division clubs for a profit.

Billy Sharp went to Sheffield United, Andy Keogh to Wolves and during the summer Martin Paterson moved to Burnley for �1.3m.

But Wharton has revealed that the proposed move away from Glanford Park is now unlikely because of the current economic climate.

"The chance is still there but it's gone back a long, long way away. I can't see this recession ending for four or five years so we can't even start thinking about it until then.

"We will certainly making sure Glanford Park is looked after because I think we'll be here for quite a long time."

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