Saints lose £7.6m
Submitted by WG on Sun, 10/04/2011 - 07:58
Southampton look increasingly likely to win automatic promotion to the Championship, but they have announced a pre-tax loss of £7.76m for the year ending 30 June 2010. Turnover increased from £8.85m to £14.28m in the year after the late Marcus Liebherr rescued the club from administration.
However, they spent over £12.2m on wages, with broadcast revenues falling by £500,000 following relegation. They also made a net outlay of £1.08m in the transfer market.
Given the club's potential, it is likely that they will attract fresh investment at some point.
