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
Bristol City travel to Crewe. (Friday December 19 2014)
Johnstone's Paint Trophy Date Will Gillingham Set. (Wednesday December 17 2014)
Smith Right At Home At Ashton Gate (Wednesday December 17 2014)
Comparing League 1 Sides (Tuesday December 16 2014)
Cotts Praises His Players After Win Over Crawley (Sunday December 14 2014)
Bristol City Leave It Late To Beat Crawley. (Sunday December 14 2014)
Stats: Bristol City v Crawley Town (Saturday December 13 2014)
Bristol City vs Crawley Town: Team News (Saturday December 13 2014)
Crawley Face Tough Task At Ashton Gate. (Saturday December 13 2014)
Second Leg At Ashton Gate (Thursday December 11 2014)
|1. Bristol City||20||12||6||2||+18||42|
|3. MK Dons||19||11||5||3||+21||38|
|5. Sheff Utd||20||9||5||6||+3||32|
|7. Notts County||19||8||6||5||+5||30|
|Team News: Sheffield Utd v Walsall
» Sheff Utd : 20/12/2014 07:23:00
|Team News: Bradford v Scunthorpe
» Scunthorpe : 20/12/2014 07:22:00
|O'Neil's Loan Extended
» Scunthorpe : 20/12/2014 07:21:00
|Team News: Coventry v Fleetwood
» Fleetwood : 20/12/2014 07:16:00
|Team News: Crawley v Port Vale
» Crawley : 20/12/2014 07:14:00