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Bolton cuts losses and refinances debt

13th November 2012

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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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