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

Upgrade in minutes or watch with a NOW TV Day Pass.

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

N

o credit to Brendan for playing an innovative 'False No.1' for the first half of the season?

balls-to-monty
Football365's Top Ten PL Goalkeepers

I

ve been really impressed by Adrian when I've seen West Ham matches. Really good keeper and has earnt the 'Ammers many a point this season. Wouldn't swap Lloris for anyone either, he's currently far too good for us.

dryice
Football365's Top Ten PL Goalkeepers

H

ow is Mignolet, most PL clean sheets this season, not a part of this list? Ridiculous!

mahzaib aziz
Football365's Top Ten PL Goalkeepers

Footer 365

Champions League: Real Madrid's Bale and Benzema fit for Juventus clash

Gareth Bale and Karim Benzema should be fit for Real Madrid's Champions League semi-final first-leg clash at Juventus.

Manchester United confirm tour of US in 2015

Manchester United have confirmed they will face Barcelona, PSG, Club America and San Jose Earthquakes on a US tour this summer.

Nigel Pearson warns Leicester winning run is worth nothing yet

Leicester boss Nigel Pearson is delighted to be out of the Premier League's bottom three but has warned his players they have achieved nothing yet.

Mail Box

Is Mrs Mediawatch A Brighton Fan?

The Mailbox stands firmly in Bournemouth's corner, Jose Mourinho is defended in force and Manchester City would want him if he was sacked at Chelsea...

Mourinho A 'Motivator Of Idiots'

The Mailbox asks whether Jose Mourinho is really that special or is he just 'a motivator of idiots?' And strikers don't come through at top clubs...apparently.

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company