Quote: M@islebugs "I don't think you can say that the financial disaster of 2011 was out of context. Income, attendances and results were all following a roughly similar pattern for the previous 3 years.'"
Attendances and results - agree.
Income - or at least profitability - hardly:
The club lost c.300k in 2010 (first year of no Odsal Settlement deferred income release) after almost break even in 2009 (last year with the annual release).
In 2011, according to such information is available, the underlying loss was c. 1m, it seems the rate of loss likely accelerating as the year progressed. And it seems the trend of losing £100k/month continued into 2012.
That was the point I was making. When I saw the 2009 accounts, I concluded the club could maybe stand one more year of similar losses. What it could not stand was losses several times that (for whatever reason) - but that's what it seems we got.