Derby County announce a loss of £8m in latest accounts
DERBY County have announced a loss of nearly £8m in their latest accounts.
The Rams' net loss for the year ending June 2012 was £7.9m, slightly up on the £7.7m in the previous 12 months.
During the same period, the club's turnover was £17.3m, down from £18.1m the year before.
Operating costs, meanwhile, were reduced from £17.6m to £17.3m.
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Derby chief executive Sam Rush said: “The results posted are very much in line with our expectations, and although they relate to a time prior to my arrival at the Club, they do offer evidence of one of the key factors that attracted me to Derby.
“We have a strong ownership group, who continue to be the single biggest source of finance for Derby County.
"The simple truth is that somebody has to cover our working capital needs, as well as make continued investments in our squad and wider infrastructure.
"The ownership group’s strength offers the club that much needed financial stability."