Home
Prediction League
Fixtures
Results
News
Features
Premier League
EPL Home
Latest
Clubs
Stadiums
Friends
Blogs
Football League
World Cup 2014
Europe
Euro Football Home
Latest
Russian Premier
Bundesliga
Ligue 1
La Liga
Football Italiano
International
International Home
Latest
World Cup 2010
Euro 2012 Stadiums
Euro 2012
Denmark 2011
AFCON 2013
Betting
About Us
Advertising
Write for us
Privacy
Recruitment
newswriter
Twitter
Contact Us
 
 

Bristol City announce losses of £11.45 million


Bookmark and Share

By Derek Baker

Tuesday 29 November 2011

Bristol City have announced for the year ending May 2011, that they have recorded £11.45m in losses.


The deficit, which follows losses of £11.8m in 2010 and £6.5m in 2009, has been said to have come from the rising wages for players and the delays in the development of their new stadium.


Chairman Colin Sextone explained that ‘It is a big problem’ and that ‘it's a lot of money over three years.’


"Wages in the Championship are far too big and at Bristol City in particular they are just too much." said Sextone.


He continued: "We've certainly got too many players. Keith Millen thought that and I'm sure Derek [McInnes] does too, and some of them are earning too much."


Last season saw the Robins struggle at the wrong end of the Championship table for much of the campaign, and they also saw Steve Coppell quit his job just four months into his new job.


However Millen helped the Ashton Gate outfit steady the ship, and they finished the season in 15th place.


But, much in an uncanny resemblance to last season, they have found themselves in the relegation zone at the start of this term, and saw another change in management; McInnes now taking the reigns, however he has lightened the mood around City, with his side currently on a five match unbeaten streak.


Off the field, the club’s ambitions of their £92m development of a new stadium has suffered by a number of severe delays.


"We've faced a couple of difficult years and the income has dropped as well," added Sexstone.


"There's a feel-good factor at the moment and it shows you how quickly things can change. Having a 16,500 crowd makes a big difference.


"In most businesses if you want to reduce your wage bill you have to pay redundancies. In football that's not really possible - you have contracts that need to be honoured.


"That's why it takes time but we will turn this around."




Related Articles


» 

Championship Analysis - Derby and Fulham demonstrate the joys and pains of youth policy

» 

Mackay out of running for Palace job

» 

Get your Premier League tickets with World Ticket Shop

» 

Championship Analysis - Hockaday up and running after Leeds beat Middlesbrough

» 

West Ham land Marseille’s Amalfitano

» 

Looking for a job in football? Submit your CV now

» 

Championship Analysis - Managerial chaos at Vicarage Road as Sannino quits Watford

 
 

 
 
 
 

 
 

Name

Email Address *

Comments


Please enter code on left.


Terms & Conditions

* A valid email is required to submit a comment. Your email will not be displayed on this or any other website, nor will it be passed to any 3rd parties. For more information please see the terms and conditions.



0 Comments


No Comments have been posted yet


 
 

 
 
 
 

 
 

Premier League Football News


ArsenalAston VillaChelseaEvertonFulhamLiverpoolManchester CityManchester UtdNewcastle UtdNorwich City
ReadingQueens Park RangersSouthamptonStoke CitySunderlandSwansea CityTottenham HotspurWest Bromwich AlbionWest HamWigan Athletic

 
 

 
 
 
 

 
 
 
 

 
  
 

 
 
 
 

Kick Football News