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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).