Middlesbrough - Gibson continues to back Boro
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Gibson continues to back Boro

Middlesbrough chairman Steve Gibson will continue to back the club despite it reporting a sizeable annual trading loss.

Boro's accounts for the twelve months up to 30th June 2012 revealed a pre-tax loss of 13.5m. That was actually less than the pre-tax figure of 18.7m for 2011, although that covered an extended eighteen-month period.

Boro's revenue over the latest period was 18.1m, including gate receipts of 4.8m, cup income of 800,000, media earnings of 7.4m and commercial income of 5.1m.

Their media earnings were significantly reduced from the 26m received for the previous eighteen months, chiefly due to their Premier League parachute payments finishing.

Profit made from player sales totalled only 2.8m, against the previous figure of 15.2m raised by the departures of the likes of Adam Johnson and Brad Jones.

Chief executive Neil Bausor told Boro's official website: "These accounts highlight the reality of financing a team capable of challenging for promotion to the Premier League whilst also ensuring that as from next season the club comply with the new Financial Fair Play rules.

"Steve Gibson and group will continue to support the club to the maximum levels permitted under Financial Fair Play," he confirmed.

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The Journalist

Writer: Vital Boro Mail feedback, articles or suggestions

Date:Thursday March 21 2013

Time: 11:30PM

 

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