Banner image

City announce 2019/20 accounts

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.  

City Chief Executive Officer Mark Ashton said: “After making a profit for the first time in 2018/19 thanks to the sales of Joe Bryan, Aden Flint, Lloyd Kelly and Bobby Reid it was always going to be a more modest year.

“We traded well, especially with the moves of Adam Webster, Marlon Pack and Josh Brownhill and didn’t overstretch ourselves which has been key to making Bristol City a sustainable business.

“As always, we are indebted to Steve and Maggie Lansdown for their continued investment and financial support.

“We have had no matchday revenue from crowds since March 7th last year so we are under no illusions that the results for this year will be very sobering and we will have to cut our cloth accordingly.

“Overall we are in a stable financial position, with a team competing at the top end of the Championship, and a new state of the art training ground opening in the Spring that will bring our first team and Academy together for the first time so we have a lot to look forward to.”

KEY POINTS

  • 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)

Latest News

Report: Bristol City Women 3-2 Reading Women

Report: Bristol City Women 3-2 Reading Women

Posted: Monday, March 8th 2021

Celebrating International Women's Day

Celebrating International Women's Day

Posted: Monday, March 8th 2021

Match Preview: Bristol City Women vs Reading Women

Match Preview: Bristol City Women vs Reading Women

Posted: Monday, March 8th 2021

City Women take on Royals in BS3

City Women take on Royals in BS3

Posted: Monday, March 8th 2021

Also from Bristol Sport

Naulago score shortlisted for Gallagher Premiership Try of the Week
Rugby icon

Naulago score shortlisted for Gallagher Premiership Try of the Week

Siva Naulago's stunning second against Worcester Warriors has been shortlisted for The Famous Grouse Gallagher Premiership Try of the Week for round 12.

Posted: Monday, March 8th 2021 • Rugby

The Killers postpone UK tour until 2022
Stadium icon

The Killers postpone UK tour until 2022

Ashton Gate Stadium can confirm that The Killers concert scheduled for Thursday, May 27th 2021, has officially been postponed until next year.

Posted: Monday, March 8th 2021 • Stadium

Lam wary of 'dangerous' Wasps
Rugby icon

Lam wary of 'dangerous' Wasps

Pat Lam says a wounded Wasps side is a dangerous proposition as the Bears prepare to welcome Lee Blackett’s men to Ashton Gate on Friday night.

Posted: Monday, March 8th 2021 • Rugby

International Women's Day 2021 - Choose to Challenge
Bristol Sport icon

International Women's Day 2021 - Choose to Challenge

We caught up with some of the inspirational women across the sporting group to find out what they would challenge on International Women's Day 2021.

Posted: Monday, March 8th 2021 • Bristol Sport

Sign up for webinar training with Google Digital Garage
Rugby icon

Sign up for webinar training with Google Digital Garage

Sign-up for the final webinar in our Google Digital Garage series on Monday, March 8th, focusing on how to build engaging presentations.

Posted: Monday, March 8th 2021 • Rugby