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

Best of Vital Network

Vital Boxing - Adams Turns Professional

Recent Bristol City Articles

Vital View - Championship, 20th-21st January 2017

Newcastle and Brighton both won with the Magpies keeping top spot. Wigan moved out of the bottom 3 with Rotherham, Blackburn and Burton in the relegation zone.

Video - Nottingham Forest 1 Bristol City 0

A first win in eight eased the Nottingham Forest relegation concerns but increased those of Bristol City. The Robins are now only two points clear of trouble.

Stats: Nottingham Forest v Bristol City

All the stats from Nottingham Forest (1) vs (0) Bristol City, City Ground, 21/1/17 Att: 17,418

Team Sheets - Nottingham Forest v Bristol City

Bristol City go to the City Ground as the visitors to Nottingham Forest for the latest Championship game.

Archived Vital Bristol City Articles

Vital Bristol City articles from

Site Journalists

S.O.B.
Editor email
Profile

Current Poll (see more polls)

Nottingham Forest MotM
Suggested By:
Giefer0%
Wright0%
Flint0%
Magnusson100%
Little0%
O Neil0%
Hegeler0%
Bryan0%
Paterson0%
Djuric0%
Abraham0%
Sub - O Dowda0%
Sub - Brownhill0%
Sub - Tomlin0%

League Table

# Team P W D L Pts. GD
1 Brighton 27 18 6 3 60 25
2 Newcastle 27 19 1 7 58 33
3 Reading 27 15 4 8 49 3
4 Huddersfield 27 15 4 8 49 2
5 Leeds Utd 27 15 3 9 48 10
6 Sheff Wed 27 13 6 8 45 5
7 Derby County 27 12 7 8 43 6
8 Barnsley 27 12 5 10 41 5
9 Fulham 27 10 10 7 40 12
10 Norwich 27 12 4 11 40 5
11 Preston 27 11 7 9 40 3
12 Birmingham 27 9 10 8 37 -5
13 Aston Villa 27 8 12 7 36 1
14 Ipswich 27 9 7 11 34 -5
15 Brentford 27 9 6 12 33 -1
16 Cardiff 27 9 6 12 33 -10
17 Q.P.R. 27 9 6 12 33 -11
18 Wolves 27 8 8 11 32 -3
19 Forest 27 8 6 13 30 -7
20 Bristol City 27 8 3 16 27 -4
21 Wigan 27 6 7 14 25 -8
22 Burton 27 6 7 14 25 -11
23 Blackburn 27 6 7 14 25 -12
24 Rotherham 27 4 4 19 16 -33
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Bristol City Results (view all)

Bristol City Fixtures (view all)

Jan 28 2017 3:00PM : Aston Villa (a)
Sky Bet Championship
Jan 28 2017 3:00PM : Burnley (a)
FA Cup
Jan 31 2017 7:45PM : Sheffield Wednesday (H)
Sky Bet Championship
Feb 4 2017 3:00PM : Rotherham United (H)
Sky Bet Championship
Feb 11 2017 3:00PM : Derby County (a)
Sky Bet Championship
Feb 14 2017 7:45PM : Leeds United (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.luigi BCFC4
Write for Vital Football