Bristol City CEO Richard Gould says progress for the financial reset stands at 70 to 80 per cent as the club continues to work hard to trim the wage bill and balance the books.
The club's latest accounts for 2021/22 revealed losses of £28.5million which remain £10m better off than 12 months prior. The reduction in player wages contributed to that with the club spending £26.9m on salaries during this financial year compared to £31.5m in 2020/21.
With Gould also easing fears that City remain within the parameters of the Financial Fair Play limit, there continues to be an understandable caution in regard to investing in new players. The message has remained the same and that is new signings can only be made if players leave this month.
