Our debt rose to £136.5million last year.
The Whites’ parent company, Burnden Leisure, revealed a loss of £22.1m in the year up to June 30, 2012, in their financial figures announced today.
The club owe £125m of that total debt to owner Eddie Davies’s company, Moonshift Investments Ltd.
The annual report says the debt to MIL has been converted to a long-term one “underlining the on-going support from owner Eddie Davies”.
Other key elements of the report are that turnover for the year was down from £67.7m to £64.9m, the £22.1m loss for the year was down from £26.1m the previous year, and that attendances at Premier League matches were up by three per cent.
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Doesn't make for pretty reading.
The Whites’ parent company, Burnden Leisure, revealed a loss of £22.1m in the year up to June 30, 2012, in their financial figures announced today.
The club owe £125m of that total debt to owner Eddie Davies’s company, Moonshift Investments Ltd.
The annual report says the debt to MIL has been converted to a long-term one “underlining the on-going support from owner Eddie Davies”.
Other key elements of the report are that turnover for the year was down from £67.7m to £64.9m, the £22.1m loss for the year was down from £26.1m the previous year, and that attendances at Premier League matches were up by three per cent.
[You must be registered and logged in to see this link.]
Doesn't make for pretty reading.