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The Albion posts losses of £14.7m







Grombleton

Surrounded by <div>s
Dec 31, 2011
7,356
Anyone for a whip-round?
 




Westdene Seagull

aka Cap'n Carl Firecrotch
NSC Patreon
Oct 27, 2003
20,938
The arse end of Hangleton
*** awaits the moans from those that were so vocal about lack of transfer activity into the club in the January window ***
 








Titanic

Super Moderator
Helpful Moderator
Jul 5, 2003
39,025
West Sussex
"...The board now faces a race against time to reduce this season’s losses to £8m or face new penalties brought in by the Financial Fair Play regulations (FFP).

Chief executive Paul Barber said: “This set of results shows the reality of football in the Championship in recent years and demonstrates the very high cost of being competitive – with no guarantee of promotion to the Premier League. "

“We had the highest average crowd in the Football League last season and we continued to grow revenues we can control but in order to compete at the top end of the Championship, we had to once again rely on another considerable investment from our chairman Tony Bloom.”
 






Grombleton

Surrounded by <div>s
Dec 31, 2011
7,356
Also: 27 pages, 3 flounces.
 






B.W.

New member
Jul 5, 2003
13,666
Wow! Front-loading costs I hope so that we meet FFP when it matters.
 








Acker79

Well-known member
NSC Patreon
Nov 15, 2008
31,765
Brighton
Pretty much any time the the finances has come up, El Presidente has been putting a figure of around 14-15m as his expected loss.
 


B.W.

New member
Jul 5, 2003
13,666
Pretty much any time the the finances has come up, El Presidente has been putting a figure of around 14-15m as his expected loss.

This.
 













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