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The latest financial news from St.Mary's is not good for Premiership strugglers Southampton. Parent company Southampton Leisure slipped to an unusual pre-tax interim loss of £1.66m despite £4.1m in profits from player sales and the disposal of The Dell. In the first half the club spent £5.2m on new players such as man mountain Peter Crouch. Matchday income rose from £5.8m to £6.2m despite average attendances slipping 6 per cent to 29,862. The club also saw a drop in commercial revenues from £4.5m to £3.9m. Relegation from the Premiership would mean the loss of about £17m in television revenues, while the club carries £22.7m in net debt, up from £21.1m this time last year.
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