Huge Loss For Rovers

Bristol Rovers have today reported a massive loss.

Rovers made a loss of just over £1.72 million during the 2008-2009 season. This leaves Rovers just over £3.8 million in debt, just over £3 million of that has to be paid off with in the next five years. In 2007-2008 season Rovers reported a profit of over £400,000 thanks to the clubs F.A Cup run which saw them get knocked out by West Brom in the quarter finals.

Chairman Nick Higgs said to TIB Higgs said: ‘Our financial performance for the season reflects both our investment in the playing squad and our lack of success in the cup competitions.

‘Consequently, our football revenues have dropped to £2,249,008 (£3,696,097 in 2008) and I have to report a loss of £1,727,368 (£442,139 profit in 2008).

‘This trading loss is unsustainable in the long term and relies on the support of the directors, both in terms of loans and equity.

‘It also underlines the need to progress the stadium regeneration plan, which we are still putting a huge amount of effort into, and I hope to be able to make a positive announcement in this respect in the near future.’

The club says we have the highest wage bill in the clubs history yet we have a very small squad which struggles to cope with a few injuries.