Robins announce record losses

Bristol City have announced a club-record loss of £14.4million for the financial year ending May 2012, a rise of over £3million on last year's results.

Last Updated: 05/12/12 at 12:05 Post Comment

Bristol City: Robins in financial strife

Bristol City: Robins in financial strife

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The Robins, currently two points off the foot of the Championship, now have a wage bill of £18.6million and chairman Keith Dawe is aware of what needs to be done to make sure the club are ready for the UEFA Financial Fair Play regulations in 2014/15.

"The financial results for the year ended May 31 2012 once again reflect a disappointing and difficult year for the club," he said in a statement on the club's official website.

"The loss illustrates how much work is required to reduce costs and grow our income in order to comply with the new FFP regulations, brought in by the Football League. It also shows how fixed-term contracts for players mean there is no easy or quick solution, but an improvement in recruitment and selection criteria can certainly aid us going forward.

"Manager Derek McInnes has a firm focus on results on the pitch but is equally aware of the financial demands of FFP on the club, and this rounded understanding and determination can only help us in our ultimate aims.

"The main challenge facing the board will be to reduce our losses, achieve FFP, whilst remaining competitive. With good planning and ownership I am confident this can be achieved."

During the last financial year City's turnover fell slightly from £11.9million to £11.8million.

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Southampton midfielder Sadio Mane has been granted a work permit

Ronald Koeman has confirmed that Sadio Mane has been successful in gaining a work permit.

Transfer news: Arsenal 'nearly signed Cristiano Ronaldo and Didier Drogba', says Arsene Wenger

Arsenal boss Arsene Wenger says his biggest regret is missing out on signing Real Madrid superstar Cristiano Ronaldo.

Middlesborough defender Damia Abella has been ruled out for six months

Middlesbrough defender Damia Abella is facing up to six months out with a serious knee injury.

Mail Box

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property