Middlesbrough trying to keep pace with income dropping deep
19 February 2019
Off The Pitch understands that a remarkable turnaround has been made which will show next year.
The 2017/2018 accounts reveal a loss of £6.6 million. Big spending on transfers, under the management of Gary Monk, is to be seen in the accounts.
Middlesbrough are facing the brutal realities after being relegated from the Premier League, meaning the club are fighting hard to cut costs with the same pace as income is going down.
That would be a difficult task for everyone, and the 2017/2018 annual report also reveals a loss of £6.6 million. The operating loss was £20.1 million, primarily due to broadcasting income falling £54.3 million - or a 54 per cent decrease.
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