Record loss for Bristol City

Bristol City have announced a club-record loss of £14.4million for the financial year ending May 2012.

Last Updated: 05/12/12 at 11:46 Post Comment

Bristol City: Losses have risen £3m on last year's results

Bristol City: Losses have risen £3m on last year's results

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.

The Robins, currently two points off the foot of the npower 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.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Raheem Sterling earns Liverpool 1-0 pre-season win over Olympiakos

Raheem Sterling scored a lone early goal as Liverpool claimed a 1-0 pre-season win over Olympiakos.

Premier League: Liverpool have signed Dejan Lovren from Southampton

Liverpool have completed the signing of Croatian centre-back Dejan Lovren from Southampton

Premier League: Belgium defender Jan Vertonghen set to remain at Tottenham

Jan Vertonghen says he wants to remain at Spurs and has confirmed he has been offered a new contract to stay at the club

Mail Box

Are Pre-Season Tours Really A Problem?

Are pre-season tours really a problem? Liverpool went to Australia last summer and it didn't prevent them from having a good season. Plus, thoughts on LvG and keepers...

It Isn't Easy Supporting Spurs, You Know

We have a long mail about the travails of supporting Spurs, plus Friday thoughts on Marko Marin, marketing, victory v beauty, travelling and vanishing sprays...

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