Derek Macinnes Dave Cormack Scotland show cover sports Derek Macinnes Dave Cormack Scotland

Aberdeen announce sobering £5.19m loss as Dave Cormack lays bare eye-watering results

Reading now: 412
dailyrecord.co.uk

Aberdeen have confirmed the impact of Covid-19 has left them with a £5.19million loss. Dons chief Dave Cormack revealed eye-watering accounts that showed the massive shortfall while turnover was down £3.26 million.

The Aberdeen chairman had warned at the height of lockdown the Scottish game was facing a tsunami and the full extent of that is now being laid bare.

The Aberdeen accounts up to the end of June showed a drop in turnover from £14.33m to £11.07m with an operating loss of £5.19m compared to £2.92m the previous year.

The club also changed their management team with Stephen Glass coming in to replace Derek McInnes. They reduced their wage budget from £9.77m to £9.36m but the reduced incomes meant their wages to turnover ratio

Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA