SM
Tajikistan vs. Nepal: 9 hrs 51 mins
Upcoming predictions and previews

Brighton & Hove Albion announce £14.7m loss

:Headline: Brighton & Hove Albion announce £14.7m loss: ID:135430: from db_amp
Brighton & Hove Albion announce a financial loss of £14.7m in their accounts for the 2012-13 season.

Brighton & Hove Albion have announced a financial loss of £14.7m in their accounts for the 2012-13 season.

It is a further £6.1m down from the previous season, which saw an operating loss of £8.6m.

The club said that the primary reasons for the loss were a 41% increase in football costs and mainly the signing and paying of players.

"This set of results shows the reality of football in the Championship in recent years and demonstrates the very high cost of being competitive – with no guarantee of promotion to the Premier League," chief executive Paul Barber told the club website.

"We had the highest average crowd in the Football League last season and we continued to grow the revenues we can control but, in order to compete at the top end of the Championship, we had to once again rely on another considerable investment from our chairman Tony Bloom."

As of next season, Financial Fair Play rules mean that the maximum loss a club can make is £8m, a target Barber is confident of going under.

"As a club we remain committed to the Financial Fair Play philosophy. The challenge for all of us is to continue to ensure the club is as efficient as possible, while continuing to grow our income streams," he added.

Last season Brighton were defeated in the playoff semi-finals by rivals Crystal Palace, who went on to achieve promotion to the Premier League.

This season, the Seagulls are just outside the top six in ninth, seven points shy of the playoffs with 18 games of the season left.

amp_article__135430 : Database Data restored...  : 
last updated article - 2014-02-06 17:17:51:
html db last update - 2014-02-06 17:17:51 :

ex - 7200 : read : read cache amp html

Click here for more stories about Paul Barber

Click here for more stories about Brighton & Hove Albion

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .