Bristol Rovers Football Club’s accounts for the 2021/22 financial year were submitted last week, along with the annual report.
The results are yet to be published on Companies House, but in a statement the club revealed pre-tax loss of £3.7m for the 2021/22 financial year. This was a treble-fold increase from the year 2020/21 of £1.3m, with the club declaring they were “in line with budget, however, contractual bonuses paid on promotion led to an overspend”.
Rovers cite “a drop in central revenues, a drop in budgeted attendances, removal of COVID grants and no budgeted transfer income” as the reasons behind the seven-figure sum. Elsewhere in the report Rovers said that fixed assets rose from £2.4m in 2020/21 to £2.7m in 2021/2. The club also announced turnover increase to £6.2m in 2021/22 compared to £5m in 2020/21.
Bristol Live reported that Rovers would have breached the £3m mark in last year’s accounts if not for the £1.2m plus add-ons sale of Jonson Clarke-Harris to Peterborough United, along with teenagers Kyrie Pierre and Bradley Burrowes being sold to Aston Villa for six-figure amounts.
Read next:
South West football clubs top of the league for sustainability
Bristol Rovers step closer to new stadium dream after deal agreed
Surf operator The Wave to start work on solar initiative for summer 2023
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
