Profits
It is pretty clear that the club only makes a profit in exceptional circumstances. The 2006 profit came purely from the sale of Leon Cort.
The total losses over the seven years covered come to £15m. A note in the 2008 accounts states that the club have made a profit of £2m in the 2008-2009 season, this actually came through as a £1.4m profit.
The 2010 results will probably be similar to the 2009 ones, the challenge will be how the club copes with relegation and the huge drop in revenue.
