Hangin' With... Sophie Goldschmidt EU Urged To Investigate F1 Finances DC Comics Files Suit Against Valencia NRL Canterbury, White Ribbon Join Forces Paris FC, Al-Fahim Reportedly In Talks BT To Skip EPL Rights If Price Too High QPR Owner Says Club Needs New Stadium Qatar Reportedly Weighing Olympics Bid ATP To Offer Refund For World Tour Finals Possible Return For Former Parramatta CEO
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/January 3, 2014/Franchises
League Championship Side Bolton Wanderers Posts $83M Loss Following Relegation
Published January 3, 2014
'SIGNIFICANT' LOSSES: The BBC's Nabil Hassan reported Sheffield Hallam University sports finance expert Rob Wilson described Wanderers' losses as "significant," adding that it "highlighted the harsh reality of life outside the Premier League." Wilson: "A £50 million loss over the course of the year is massive, especially when you consider their turnover is something like £28 million. At £150 million it is a worry now." Broadcast revenue "was more than halved" from £42M to £19M -- with that figure "thought to include" their £16M parachute payment (BBC, 12/31).