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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

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