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Club finances revealed - Middlesbrough

Makes interesting reading. Makes you wonder how any club can survive. £177m losses in finance period with most of this (over £100m) written off by club owner Steve Gibson. 
https://www.gazettelive.co.uk/sport/football/football-news/what-stark-numbers-middlesbroughs-accounts-17903178

Comments

  • Credit to the chairman for sticking with them but surely his finances aren't bottomless?
  • iaitch said:
    Credit to the chairman for sticking with them but surely his finances aren't bottomless?
    his lorries and warehouses must make a seriously big profit or they are mortgaged to the hilt
  • their dad is our former dad I think I believe our former FD is their current FD

    David Joyes
  • Makes interesting reading. Makes you wonder how any club can survive. £177m losses in finance period with most of this (over £100m) written off by club owner Steve Gibson. 
    https://www.gazettelive.co.uk/sport/football/football-news/what-stark-numbers-middlesbroughs-accounts-17903178
    I read it as they've lost 177m during his entire time as owner? He's been there about 25 years so that isn't too bad really.
  • Haven't read it all but it looks like they are in for some more pain. They are on their last parachute payment of £40m this year, compared to just £7m TV money next year, as well as having over £20m in transfer fees still to pay. So that's over a £50m loss next season just for starters.


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