Millwall announce financial loss

Published Add your comment

Football News

Millwall have announced losses of £3.4million for the year ending June 2010.

A 15% increase in turnover, thanks to a second consecutive Wembley appearance and promotion, has helped reduce those losses from £4.4million.

The club has also announced an open offer to shareholders which they hope will raise another £11.2million to help repay outstanding loans.

Chairman John Berylson said: "During this season we will increase our revenues by at least 65% as a result of higher attendances and commercial sponsorships, but most significantly a greater share of the Football League TV and sponsorship revenues.

"There will be additional cost. However, with sound financial management we should again be able to continue to reduce operating losses."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:


Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again