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Oldham cuts losses but debt rises

10th November 2009

OLDHAM Athletic saw its debt pass £3m last year, but reduced losses, newly-filed accounts reveal.The Coca-Cola League One club, which announced plans in June to quit its Boundary Park home for a £20m, 12,000-seater stadium, said it owed creditors £3.1m last year, up from £2.7m in 2007.On a more positive note, the accounts for Oldham Athletic (2004) Association Football Club for 2008 reveal losses fell from £537,846 to £414,006.Oldham, which is owned by America-based businessman Simon Blitz, Dani......for the full story register now for free or login below...

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Kirwans
PKF Sept 2010

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