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

T

he thing is, footballers are role models, and children are influenced by them. I watched the Chelsea game with my 6 year old, and at school the next day she stamped on Emre Can.

megabrow (cufc)
Diego Costa: The Patron Saint Of S**thousery

Y

et again Barcelona try to convince the world that they only play the most virtuous of football. I've never seen a team so willing and able to dish out lumps but feel so self-righteous that no opposition player should ever have the audacity to tackle them.

charsmatcengma
Enrique hauls Neymar to safety

I

d love to see a United v Liverpool FA cup final. It would certainly fit the narrative. Obv I'd want the ending to be one of an O.G. and tears as he collects his runner-up medal.

GVMUFC
Gerrard Constantly Searching For That Final Hurrah

Footer 365

Premier League: Nigel Pearson insists his players must forget about their win against Manchester United

Nigel Pearson has been trying to make Leicester forget about their Manchester United win ever since they beat them 5-3.

Transfer news: Andre Schurrle nears Chelsea exit after agreeing personal terms with Wolfsburg

Chelsea forward Andre Schurrle is closing on a move back to Germany after agreeing to personal terms with Wolfsburg.

Premier League: Roberto Mancini could make a return to English football

Roberto Mancini has not ruled out a return to Manchester City in the future.

Mail Box

It's A Massive, Big, Brilliant Mailbox

And we left lots of Suarez/Costa mails unopened. What we do have is a video of some rotten Suarez tackles and views on the future of football, Spurs, Liverpool and...

But Biting Doesn't Hurt Like Stamping...

There are Liverpool fans arguing that Luis Suarez is nowhere near Diego Costa's sh*t-house league but we have plenty of love for the agitator too. Oh and Spurs...

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