Blues loss £4m over six months
Birmingham have reported losses of £4million for the first six months of the 2008/09 season.
Published
Blues' turnover was down to £16.6million from £32.6million in the same period last year, but managing director Karren Brady predicts that promotion to the Premier League will help alleviate the losses.
She said: "We estimate that promotion will mean additional revenues of around £30million from the Premier League, together with a positive effect on attendances and increases in most revenue streams.
"We must use the opportunity that Premier League membership provides to maximise our commercial revenues, recognising that we will need to spend more on the playing squad."
