Accounts as red as their home shirt.... https://www.gazettelive.co.uk/sport...s/middlesbrough-fc-reveal-record-35m-20201847 I get some of the hit will be covid. However even without a pandemic they will have still lost millions.
End of parachute payments has done for them.But they'll be ok while Gibson is there, sounds like losses will be a lot lower next year, and wage bill is falling.
Precisely, £32m of the loss is removal of parachute payments. The issue this last year has been a lack of market at Championship level to sell on players. Whereas we have benefitted from that, other clubs wanting to reduce wage bulls have been negatively impacted.
Will be interesting to see ours when they're released. Am sure we'll have made a loss, given the curtailment of the season / behind closed doors, but hopefully the wage bill / player sales means it's not too desperate.
Convenient to blame COVID. I suspect it's the end of parachute payments that really screwed them. All clubs have been hit by COVID....
Interestingly, £19m income. Can’t be far off double that of Barnsley I’d have thought. This seasons accounts will be even more interesting.