Bristol City FC has recently completed and filed its financial statements for the year ending May 31st 2020.
Bristol City Holdings made a pre-tax loss of £10.07m for the 2019/20 financial year.
The results for the year ending May 31st 2020 compare to the pre-tax profit of £10.95m for the 2018/19 financial year.
The loss for the year is within the expectations of the Board, reflecting the ongoing investment into the operations of the football club and wider operational infrastructure of the group, including investment in the new training facilities.
During the year 71,352,347 ordinary shares were allotted for an aggregate consideration of £71,352,347, by way of a debt to equity swap, which is reflected in the Bristol City Football Club Limited accounts.
There was a profit on player disposals of £25.59m from the sale of Adam Webster to Brighton & Hove Albion, Marlon Pack to Cardiff City and Josh Brownhill to Burnley, while player purchases included Tomas Kalas from Chelsea, Daniel Bentley from Brentford and Ádám Nagy from Bologna.
- Pre-tax loss = £10.07m (2019 = £10.95m profit)
- Profit on disposal of players = £25.59m (2019 = £38.16m)
- Net assets = £5.08m (2019 net assets = £6.15m)
- Matchday revenue = £1.77m (2019 = £2.37m)