Graz
Well-Known Member
From the OS. In the last financial year (ending 31st May 2005) we had a loss of £3.5m after tax, compared to a profit of £4.8m the year before.
Tim Davies says the loss was expected as the club used much of the profit we'd had from being in the Premiership to try and get promoted again, however we did lose more than they'd originally budgeted, due to low attendances and all the staff changes.
To see in more detail: http://www.lcfc.premiumtv.co.uk/page/News/NewsDetail/0,,10274~716891,00.html
But that's the gist of it I think
Tim Davies says the loss was expected as the club used much of the profit we'd had from being in the Premiership to try and get promoted again, however we did lose more than they'd originally budgeted, due to low attendances and all the staff changes.
To see in more detail: http://www.lcfc.premiumtv.co.uk/page/News/NewsDetail/0,,10274~716891,00.html
But that's the gist of it I think