Sheffield Wednesday Losing £5m A Year
Mon 10th Jun 2013 | Money & Finance
Milan Mandaric claims Sheffield Wednesday are currently losing around £5m a year.
Speaking to BBC Radio Sheffield, the former Leicester City and Portsmouth FC owner said that the club was losing the money as they serviced its debts.
"This club is losing money, probably around £5million and next year won't be any different," he told the station.”
But Mandaric played down speculation that he was seeking an immediate buyer for the Championship club.
"I'm not just looking for any buyer, I'm looking for the right buyer who can take this club where it wants to go,” he added.
"There are a lot of people who come and have a look at the club but we're not pushing to sell the club at the moment.
"I said before if someone proper comes along and they are the right person for the club then I will step aside.
"I sold Leicester for less money than what I had invested but they were the right people and I felt like my mission was completed."
Posted by: Aaron Gourley
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
If you have any football business related news stories you’d like to share then please contact us – firstname.lastname@example.org
Tue 24th May 2016 | Money & Finance
Arsenal were the big winners in the Premier League making over £100m from broadcasting revenue for the first time. The North London side made £100,952,257 for the 2015/16 season,...
Mon 23rd May 2016 | Money & Finance
Leicester City spent the least on player transfers according to figures released by CIES today. The newly crowned Premier League Champions spent on average £1.8m (€2.7m) per player....
Mon 16th May 2016 | Money & Finance
Demand for tickets from Liverpool fans for Wednesday’s Europa League final in Basel has seen prices on the open market soar. Liverpool prepare to face current holders Sevilla at the 34,000 St....
Fri 13th May 2016 | Money & Finance
Fulham Football Club have announce the appointment of Casper Stylsvig as the club’s Chief Revenue Officer. Vastly experienced, Casper joins Fulham after holding senior posts at Manchester...