Sporting reports losses

The Superliga club has reported losses of €5.3m in the six months ended on 31 December 2004. During the same period, the club saw a €523,000 reduction in season ticket sales. The club also announced a drop in its total costs, spending €19.06m in the given period in relation to €22.41m in the previous financial term. Operating income, however, was down at €13,765 in relation to the two previous financial periods in the 2003/2004 season. "In terms of profits, it wasn't possible to attain the objectives originally set out mainly due to the reduction in income from season tickets," a statement read.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.