Vital Football

Latest Bristol City News

City Suffer £6.56m Record Loss

City Suffer £6.56m Record Loss

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

Message Board

To visit the message board, click here.

Get involved

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.



Click here to join in the debate on the club forum.

Writer:Tin
Date:Tuesday November 3 2009
Time: 11:40AM

Login to post a comment

Recent Bristol City Articles

500,000+ Season Tickets Sold In 2016/17

More than 500,000 Season Tickets were sold in the Football League pyramid for the 2016/17 season.

FA Cup 3rd Round Draw Next Monday

The third round draw for the 2016/17 FA Cup will take place on Monday evening.

How Do Bristol City Fare In The BBC's 2016 Survey?

The BBC's Price Of Football survey for 2016 was released a week last Wednesday evening and as ever they looked at everything from the price of tickets through to the price of pies...

1% Rise In Arrest Figures For 2015/16

The Home Office have now released the figures for last season when it comes to arrests at grounds and football banning orders - and it's largely good news.

Archived Vital Bristol City Articles

Vital Bristol City articles from

Site Journalists

Andy999
Editor email
Profile

Current Poll (see more polls)

Happy with the arrival of Tomlin?
Suggested By:
Yes74%
No17%
Need more9%

League Table

# Team P W D L Pts. GD
1 Newcastle 18 13 1 4 40 22
2 Brighton 18 11 5 2 38 17
3 Reading 18 10 4 4 34 6
4 Birmingham 18 8 7 3 31 5
5 Leeds Utd 18 9 2 7 29 1
6 Huddersfield 18 9 2 7 29 -3
7 Sheff Wed 18 8 4 6 28 0
8 Norwich 18 8 3 7 27 -1
9 Derby County 18 7 5 6 26 3
10 Fulham 18 6 7 5 25 4
11 Aston Villa 18 5 10 3 25 3
12 Preston 18 7 4 7 25 2
13 Bristol City 18 7 3 8 24 2
14 Ipswich 18 6 6 6 24 0
15 Q.P.R. 19 6 5 8 23 -8
16 Brentford 18 6 4 8 22 3
17 Forest 18 6 4 8 22 0
18 Barnsley 18 6 4 8 22 0
19 Wolves 19 5 6 8 21 -3
20 Burton 18 4 7 7 19 -5
21 Blackburn 18 5 4 9 19 -7
22 Wigan 18 4 6 8 18 -4
23 Cardiff 18 5 3 10 18 -12
24 Rotherham 18 1 4 13 7 -25
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Bristol City Results (view all)

Bristol City Fixtures (view all)

Dec 3 2016 3:00PM : Ipswich Town (H)
Sky Bet Championship
Dec 10 2016 3:00PM : Huddersfield Town (a)
Sky Bet Championship
Dec 13 2016 7:45PM : Brentford (H)
Sky Bet Championship
Dec 17 2016 3:00PM : Preston North End (H)
Sky Bet Championship
Dec 26 2016 3:00PM : Wolverhampton Wanderers (a)
Sky Bet Championship
Dec 30 2016 7:45PM : Ipswich Town (a)
Sky Bet Championship
Vital Football Comment