Bristol City post record losses

Published : 03 Nov 2009 18:35:58

Bristol City have reported a record loss of £6.5m for the year to 31 May 2009, compared to pre-tax losses of just under £2m from the previous year.A rise in wages and money spent funding their new stadium project are among the reasons given for the heavy losses. City chief executive Colin Sexstone told BBC Radio Bristol: "Not far short of £2m of it are the professional fees for the new stadium. "Another £1.3m of the loss is on players' transfers." Sexstone continued: "Even those figures, i.... read more