Burton Albion's record loss but future bright, says Ben Robinson
BURTON Albion today revealed a club record loss of £308,428 for the last financial year.
But while he admits that the figure has jolted him, long-serving chairman Ben Robinson has insisted the League Two club remain on a sound financial footing.
"This has got to be a one-off," said Robinson.
"We are still a club with no debt – we're solvent.
"Although I'm very disappointed, after four years of profit, we have already been addressing the deficit and I'm sure, at the end of this season, we'll see a much better picture."
The loss compares unfavourably with a trading profit of £84,400 in the previous year and is the first loss the club have made in five years.
Two main factors have been highlighted for the change in fortunes and suggest that the economic downturn finally caught up with the Brewers in the financial year which ended in May.
One is a 14% drop in gate receipts, from £701,969 to £606,687.
The other is a fall in income from sponsorship and commercial activities from £1.8m to £1.5m, largely attributed to the Pirelli Stadium hosting fewer events and functions.
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