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Bolton cuts losses and refinances debt

13th November 2012

BOLTON Wanderers trimmed its financial losses in the year to the end of June.Sales of players such as England defender Gary Cahill helped the now-relegated club cut its losses from £26m to £22.1m, accounts for parent company Burnden Leisure reveal.Turnover in the year was down from £67.7m at £64.9m due to weaker broadcast income related to the previous year's FA Cup run to the semi-final.Despite the fall, in what the club said was "difficult economic conditions", sponsorship and advertising revenue increased......for the full story register now for free or login below...

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