Middlesbrough chairman Steve Gibson has talked at length about the £50m deficit the club faced after relegation from the Premiership, how the club made no money from its Uefa cup run and the financial problems of football generally. He emphasises that the club had to follow a prudent strategy after relegation and could not spend large amounts of money to secure promotion, a lesson ignored by many Championship clubs hankering after the promised land of the Premiership. Read more here.
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