MC Prussian Posted 4 November 2010 Posted 4 November 2010 Ruddy hell - a "small" Championship club with an annual loss of more than 11 million quid...!!! I despair - is that how you run a business nowadays... is making losses mandatory? http://www.bbc.co.uk/news/uk-england-bristol-11692314 Bristol City Football Club announces record £11m losses Steve Lansdown says the losses need to be controlled in the long term Continue reading the main story Related stories Stadium fight is taken to Commons Bristol ground plan in jeopardy Supermarket plans to be decided Bristol City Football Club has revealed record losses of £11.8m in the year up to the end of May 2010. The club, which plays in the Championship, blamed the losses on its attempt to become established in the league. The chairman, Steve Lansdown, said the losses "reflected the investment made in the playing squad". He added that stalled moves to build a new ground at nearby Ashton Vale "have not helped our position either". Although the club has planning permission for the £92m development, an application for the area to become a town green has been recommended for approval. Ground decision If it is also approved by Bristol City Council it would mean that the club's plans to build on the land would be permanently halted. A final decision on the report, compiled by an independent planner, is due to be made at the end of November. Mr Lansdown said the club would eventually need to stem the losses seen in the past year. "In the short term the support of the board will see the club through these difficult times; in the longer term, however, it needs to increase its turnover and control its costs. "The stadium is key to a lot of things because if we're suddenly in a situation where we can't build our 30,000-seater stadium then we have no option but to look at plan B which is to re-trench to [current ground] Ashton Gate. "The figures you're seeing now and the sort of income shows that Ashton Gate can't sustain the levels we're aspiring to at the moment."
Ric Flair Posted 4 November 2010 Posted 4 November 2010 Quite surprising really, they don't strike me as a team who has publically splashed a load of cash. David James aside there aren't any big named stars there, so I don't see where all the wedge has gone unless they've got that dopey twat on about 80k a week.
C-man Posted 4 November 2010 Posted 4 November 2010 Quite surprising really, they don't strike me as a team who has publically splashed a load of cash. David James aside there aren't any big named stars there, so I don't see where all the wedge has gone unless they've got that dopey twat on about 80k a week. Yeah but even so, these losses are year ending May 2010. Had absolutely no idea they were ran so shoddily.
Corky Posted 4 November 2010 Posted 4 November 2010 I'm suprised about that, thought Bristol City were one of the better-run clubs financially.
Wymsey Posted 4 November 2010 Posted 4 November 2010 Oh why oh why were they even thinking of moving to a new stadium?
FoxyPV Posted 4 November 2010 Posted 4 November 2010 This has mismanagement written all over it. Unless the tea lady et al are on £20k a week
MPH Posted 4 November 2010 Posted 4 November 2010 Quick sven!!!! Exploit!!! Get james in! Seriously tho.... news like this and the things the chairman is saying will only serve to get the sharks circling... with smaller offers too
MPH Posted 4 November 2010 Posted 4 November 2010 This has mismanagement written all over it. Unless the tea lady et al are on £20k a week Wich would indeed be mismanagement....
Dickie Greenleaf Posted 4 November 2010 Posted 4 November 2010 Calamity's wages arent going to be paid by the power of positive thinking
FoxyPV Posted 4 November 2010 Posted 4 November 2010 Which would indeed be mismanagement.... Touche sir
Edmund Posted 4 November 2010 Posted 4 November 2010 It wouldn't surprise me if our losses for this financial year are double that figure. It's still surprising that Bristol City have recorded such big losses, although they have bought one or two players for big fees and wages. Also, it wouldn't surprise me if they paid bumper contracts to the majority of the squad to ward off interest after their first successful season in the championship.
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