Date: 21st March 2013 at 11:31pm
Written by:

Middlesbrough chairman Steve Gibson will continue to back the club despite it reporting a sizeable annual trading loss.

Boro’s accounts for the twelve months up to 30th June 2012 revealed a pre-tax loss of £13.5m. That was actually less than the pre-tax figure of £18.7m for 2011, although that covered an extended eighteen-month period.

Boro’s revenue over the latest period was £18.1m, including gate receipts of £4.8m, cup income of £800,000, media earnings of £7.4m and commercial income of £5.1m.

Their media earnings were significantly reduced from the £26m received for the previous eighteen months, chiefly due to their Premier League parachute payments finishing.

Profit made from player sales totalled only £2.8m, against the previous figure of £15.2m raised by the departures of the likes of Adam Johnson and Brad Jones.

Chief executive Neil Bausor told Boro’s official website: “These accounts highlight the reality of financing a team capable of challenging for promotion to the Premier League whilst also ensuring that as from next season the club comply with the new Financial Fair Play rules.

“Steve Gibson and group will continue to support the club to the maximum levels permitted under Financial Fair Play,” he confirmed.

Join The Vital Debate