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Boro cumulative losses over £200m

Middlesbrough income  was down 65% and operating losses pre player sales £38 million in year to 30 June 2020 reports Kieran Maguire of the PriceofFootball.

Middlesbrough total losses now total £206 million and club have £147 million of creditors.

All three revenue sources, matchday, commercial and broadcast down in 2019/20, but end of parachute payments main driver of fall as TV income went from £40m to £8m.   The Importance of Premier League and parachute payments clear from total revenue figures over the last decade.

Middlesbrough received £581k from furlough and £1.1m from PL grants at rear end of 2019/20.  Wages follow income at all clubs. Average weekly wage at Boro now 'just' £14,390 a week.

Player trading for ‘Boro 2019/20: Purchases £6m sales £14m

Middlesbrough owe £7m to other clubs for transfer fee instalments (down from £29m) and £116m to Steve Gibson’s Gibson O’Neill, taking his total investment to £205 million.

Steve Gibson says that the club's biggest risk is under performing on the pitch: https://www.thenorthernecho.co.uk/sport/19169772.steve-gibson-says-poor-pitch-performance-biggest-risk-club-reveals-record-financial-losses/

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