Date:Tuesday November 3 2009
City have revealed record losses of £6.56m as their annual accounts went public today.
The accounts recorded up until 31 May 2009 show the biggest single annual deficit for nearly 30-years.
Just last year, the Robins recorded a more sustainable loss of just under £2m for the same period, but that had the money-spinning Wembley Play-Off Final appearance to soften the blow.
However, the loss is not as bad as it seems with £1.7m accounted for the new stadium project, further funds were released for the completion of the club's new state-of-art Failand training ground and the £2.25m splashed out on record signing Nicky Maynard.
Chairman Steve Lansdown played down the significance of the loss when issuing a club statement.
"The club is in a very exciting phase of its development and, with excitement, comes risk," he said.
"We recognise the need for further investment in the club by the board. There is no doubt that we have adopted an aggressive strategy, but the board is committed to ensuring the club is not put at risk because of this.
"The Group is setting down firm foundations to establish a top-class football club with stadium facilities to match. Our expenditure to that end is reflected in an increased loss for the year of £6.56m."
Lansdown and fellow director Keith Dawe will continue to back the club financially to ensure the club's future as the club aims for the Premiership over the next few years but it is my suspicion that these were timely released, 24-hours before the Council decide on the new ground, to show that the club will not survive without Ashton Vale going ahead.
Join Vital Bristol City today?
It's easy to register here and enjoy getting involved
To visit the message board, click here.
This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Bristol City.
Date:Tuesday November 3 2009
JET In Rangers Talks (Thursday May 28 2015)
City to Face Yeovil in July (Wednesday May 27 2015)
Two LMA Awards For Cotterill (Wednesday May 27 2015)
Former Striker Joins Oxford. (Tuesday May 26 2015)
Championship Managerial Casualty. (Tuesday May 26 2015)
How The Sky Bet Championship Lines Up (Tuesday May 26 2015)
Stumbling Blocks In The Way Of Possible Bentley Move. (Tuesday May 26 2015)
City Interested In Talented 16 Year Old. (Monday May 25 2015)
Swindon Miss Out As Preston Join City in Championship (Sunday May 24 2015)
Former Keeper Called Up To England Squad. (Sunday May 24 2015)
|7.||rovers r crap||1|
|1. Bristol City||46||29||12||5||+58||99|
|2. MK Dons||46||27||10||9||+57||91|
|5. Sheff Utd||46||19||14||13||+13||71|
|Smith On Bradshaw Contract Delay
» Walsall : 29/05/2015 09:58:00
|Former Birmingham Ace A Target?
» Walsall : 28/05/2015 23:16:01
|Walsh Signs Permanent Deal
» MK Dons : 28/05/2015 20:24:00
|Two Friendlies Already Confirmed
» MK Dons : 28/05/2015 20:19:01
|Ben Gladwin Joins Luongo At QPR
» Swindon : 28/05/2015 17:50:00