Robins reveal big losses

by Admin , 04 November 2010 Massive losses revealed

Bristol City's financial position is under scrutiny after they revealed record losses of £11.8m in the year up to the end of May 2010.


The losses have been blamed by the chairman Steve Lansdown on the club's attempt to become an established side in the championship and on their stalled move to a new ground.

"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."

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