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

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

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.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Manchester United signing Angel di Maria claims he was forced out of Real Madrid

Manchester United signing Angel di Maria has claimed he never wanted to leave Real Madrid.

Transfer news: Tottenham midfielder Lewis Holtby interests Hamburg

Hamburg director Dietmar Beiersdorfer has confirmed the club’s interest in Tottenham midfielder Lewis Holtby.

Transfer News: Arsenal boss Arsene Wenger won't panic buy a striker

Arsene Wenger has insisted Arsenal will not panic buy a striker, if Olivier Giroud is ruled out for a lengthy spell.

Mail Box

Well, This Isn't Going That Well Is It?

Plenty of fall out from Manchester United's shambolic 4-0 League Cup defeat, plus thoughts on Van Persie, Arsenal strikers, Benik Afobe, Celtic and Astroturf...

Not Getting Carried Away On Spurs... But

A couple of Spurs fans have broken rank to admit that they are bloody excited about things down the Lane. Plus Glen Johnson, Arsene on strikers and Moreno...

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