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Sunderland loses £25.5m in year of 'development'

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Sunderland loses £25.5m in year of 'development' Empty Sunderland loses £25.5m in year of 'development'

Post by David Tails on Thu 17 Feb 2011, 8:57 am

The Premier League club Sunderland has announced an annual loss of £25.5m in a year of "growth and development".

The loss, for the year to July 2010, is £2m deeper than for the previous year.

Sunderland's chief executive Steve Walton said the club was "facing challenging economic times, both nationally and regionally".

Turnover rose to £65.4million but operating expenses - which include players' wages and utilities charges - also went up, to £70.4million.

During the period Sunderland, known as the Black Cats, spent £26.2m on transfers, signing 10 players and taking three more on loan.


Full Story : BBC News - Click Here

So what do the Black Cats fans think of this? Are you happy to make such losses? Do you think the year of "growth and development" has generated results that justify the price tag?

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Sunderland loses £25.5m in year of 'development' Empty Re: Sunderland loses £25.5m in year of 'development'

Post by Guest on Thu 17 Feb 2011, 9:03 am

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Post by Liam_Main on Sun 24 Apr 2011, 9:30 pm

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