Bolton Wanderers FC post losses of £34.5m
Thu 11th Nov 2010 | Money & Finance
Burnden Leisure Plc the operating company of Bolton Wanderers Football Club has released its figures for the financial year ending 30 June, 2010 revealing a loss of £34.5m.
The figures, which were released via the club’s official website showed turnover from football operations had increased to £54.0million, £2.2million higher than 2009 total of £51.8million.
Revenue from broadcasting and related areas increased by 3% to £38.5million.
Overall gate receipts increased year on year from £5.2million in 2009 to £5.4million in 2010 .This reflected the increase in games played at the Reebok with the additional matches coming in the FA Cup.
Income from sponsorship and advertising was boosted by the Club's new main sponsorship agreement with 188BET.
Commenting on the yearly figures, Chief Executive Allan Duckworth said: "It has and continues to be an extremely difficult and challenging economic environment, which has impacted significantly on the business. Added to which, the football club has undergone an extended period of transition with the costs associated with that.
"We are now focused on creating stability under Owen Coyle to ensure that we continue to compete at the highest level of English football, as we have been over the last ten years."
Chairman Phil Gartside added: "The past decade has been a fantastic journey for our club. Challenges remain undoubtedly, but there is now a real buzz of excitement and optimism around the club and with our supporters.
"Since returning to the Wanderers, Owen has made significant progress and we will continue to support and assist to achieve the targets we have set out."
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