Town made a loss of £6.6 million in the year to the end of June 2016, the club has announced.

Ahead of tomorrow’s AGM of the PLC, which owns 12.5 per cent of Town, the Blues have made public the financial highlights of the club as a whole.

In the previous financial year Town made a profit before tax of £5.5 million due to the the sales of Aaron Cresswell and Tyrone Mings but made an operating loss of £6 million. In the year to June 2016 the operating loss was a similar figure, £6.6 million, with only £400,000 having come in via player trading compared to 2014/15's £11.4 million.

The club’s overall debt is down slightly from £87.19 million to £86.51 million with ‘other group loans (non-interest-bearing)' having been reduced by £1.4 million and 'convertible loan notes' down by £163,000, while cash in the bank was down from £896,000 to £91,000.

Town’s debt is owed almost wholly to owner Marcus Evans’s other companies with MD Ian Milne having previously outlined the position.

“This is no third party debt," he told TWTD in November 2014. “The money that an owner has put into a club, he’s never going to see that back, unless maybe it goes up [to the Premier League]. But even then I doubt he’ll see that return."

Town’s turnover in 2015/16 was down slightly to £16.28 million from £16.41 million in the year to June 2015.

The wage bill, by far the biggest outlay, was £16.57 million, up from £15.97 million during the 2014/15 season.

The financial highlights in full can be found on the club site here.

Photo: TWTD

rickw added 09:36 - Dec 21 The attendance won't double - people with season tickets who pay nothing more to go, are staying away!! First we need to increase the entertainment, start winning more, then lower the prices and potentially we could double our attendances - but that's a lot!! Currie10 - the accepted losses and championship spending is only going up! The carrot of the Premier League millions is making these annual losses worth it for all the Championship owners, but you're right more clubs will get in financial trouble.....

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Razor added 11:02 - Dec 21 Anybody know Bernie Ecllestone----think he is a Suffolk boy and has a few bob to spare and could just be interested with all the hassle in F1 now.
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rfretwell added 15:57 - Dec 21 Ryitfc, those 4 players wouldn't have been on £5 a week each. Half that perhaps, especially Polish Pete.
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Seasider added 17:26 - Dec 21 Never posted like this and probably wont again. Swn98 Wondered if you had made a spelling error 1st time when you called Billblue Bilgeblue;but now you have repeated it in capitals I know it was intended. I cannot understand you having petty digs at your fellow supporters instead of trying to put something constructive as most of us try to,or at least comment on the subject in question. That is probably why you are the only one who I consistently mark down;but am not alone in this,so don't think its just me.

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Kikapu added 17:57 - Dec 21 Just thought I'd repeat this link that someone posted earlier - http://swissramble.blogspot.co.uk/search/label/Brighton%20and%20Hove%20Albion as it helps understand the financial affairs of running a club.
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Taricco_Fan added 20:47 - Dec 21 Let's face it, the club is cattle trucked.
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BlueFinn added 13:12 - Dec 22 The reality Championship table is more or less this. Go to an individual club and you will find player contracts (lenghts) and projected transfer values for each player. http://www.transfermarkt.co.uk/championship/startseite/wettbewerb/GB2
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