Blackburn chairman Williams positive in the face of losses

by Geraldine Lagard. Published Mon 30 Nov 2009 11:26

Rovers supremo John Williams remains upbeat despite the club reporting a £6.5million operating loss for the year ending 2008/09.

In his chairman’s report Williams insisted the club could return to a ‘trading’ rather than ‘net selling’ club come 2010/11 as long as it finished the season around mid-table.

The operating loss, compared to the £6.6m profit made the previous season, has been put down to finishing six places below budget, coupled with lower TV appearances and an increased wage bill.

The accounts showed the sale of Roque Santa Cruz to Manchester City offset the loss in cash terms, with a £3.6million profit after taking into account player trading.





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