Expert Warns Clubs Could Suffer Wimbledon To Air-Condition Grass KHL Confirms Chinese Addition Chesterfield Sponsor Pulls Out Suning To Name New Inter Milan Board Hodgson Will Not 'Beg' For New Contract Nike's Wimbledon Dress Re-Called No Fixture Change For Premiership Clubs Ashley Ordered To Pay SFA Legal Costs ECB To Open Tender Process Early
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).