Middlesbrough: Club's annual accounts reveal 拢10m loss
- Published
Middlesbrough have revealed a loss of 拢10m for the 12-month period up to June 2012, with turnover down by 拢22m compared to the previous 18 months.
One reason for the drop in turnover was the loss of Premier League parachute payments, which ended in 2011.
The club has looked to cut expenditure, with wages totalling 拢19.2m - down from 拢36.3m - as the number of playing staff also shrank, from 58 to 47.
All external debt has been repaid and replaced with inter-company loans.
Meanwhile, existing inter-company loans have been converted into equity.
Investment from the Gibson O'Neill company remains crucial to the future of the club, with the annual report stating that the business "depends on funds".
- Published18 March 2013
- Published15 April 2011
Around the 91热爆
Related internet links
The 91热爆 is not responsible for the content of external sites.