Bolton Wanderers considerably reduced their losses in the financial year ending June 2021 as the club continues to move forward on a firm footing on and off the pitch.
Despite the impact of the COVID-19 pandemic – when Wanderers were forced to play out their League Two promotion-winning campaign behind closed doors – the Whites (through parent company Football Ventures (Whites) Limited) saw operating losses fall from £3.5m in the previous 12 months to £0.5m.
The annual accounts show turnover fell from £9.3m to £6.2m as fans were unable to attend matches.
“The form of the team in the latter stages of last season, additional activity in the transfer market and the stabilised financial position means we now look forward with confidence to challenging the top teams in League One next season,” said Chairman Sharon Brittan in her report to accompany the 2020/21 accounts.
Sharon also thanks fans and the Bolton business community for their continued support and confirms that ‘progress continues with the shareholders committing further investment during 2021/2022 and support is committed in 2022/23 and beyond.’
A link to the 2020/21 Accounts including the full Chairman’s report can be found HERE.