Aspen
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FCBusiness Subscription
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

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.

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Manchester United Football's Biggest Spenders

Thu 16th Oct 2014 | Money & Finance

There's no more hectic, crazy, and exciting time during the football season than the summer transfer window, especially in the final couple of weeks as clubs scramble to sign new players. Within a...

Cost Of Watching Football Busts Rate Of Inflation

Wed 15th Oct 2014 | Money & Finance

The average price of the cheapest tickets across English football has risen at almost twice the rate of the cost of living since 2011. According to the latest figures compiled in the BBC Sport Price...

England runs biggest balance of trade deficit in the world football transfer market

Thu 9th Oct 2014 | Money & Finance

England has begun the 2014/15 football season with a £379m balance of trade deficit, the biggest transfer deficit in world football, according to new analysis from Barclays. England became the...

Could Premier League clubs return to the stock markets?

Mon 6th Oct 2014 | Money & Finance

Since its initial IPO two years ago, much has been made of Manchester United’s presence on the New York Stock Exchange (NYSE) . As the only Premier League club to be truly publically tradable...