League Championship Team Bristol City Reveals Club-Record Loss For Last Season
League Championship club Bristol City has revealed a club-record loss of £14.4M ($23.2M) for the financial year ending in May, a rise of more than £3M ($4.8M) on last year's results. The Robins, currently two points off the foot of the Championship, now have a wage bill of £18.6M ($30M), and Chair Keith Dawe is aware of what needs to be done to make sure the club is ready for the UEFA Financial Fair Play regulations in '14-15. Dawe said, "The financial results for the year ended May 31, 2012 once again reflect a disappointing and difficult year for the club. The loss illustrates how much work is required to reduce costs and grow our income in order to comply with the new FFP regulations, brought in by the Football League" (Bristol City).