The loss is essentially attributable to two factors. The loss of Champions League revenue and the decision to change the management team.
More Quotes from Rick Parry:
We've been 30 points adrift of the champions for the last two seasons, and although there are still three games to play, it's clear for everyone we're a lot closer now.Rick Parry
The loss in itself does not constrain player spending, after all we did invest significantly in the summer. It is the level of debt and future cash flows that govern our transfer activity.
Rick Parry
It hasn't been easy for him but as far as we are concerned it is the right decision.
Rick Parry
We welcome the decision to allow us in the competition next season. We wish to express our thanks to all those who supported us and campaigned on our behalf.
Rick Parry
One of the concerns I have is that cities should not be in the business of business. That is a move toward socialism and America is not a socialist country.
Rick Parry
The joint stadium proposal has been thoroughly examined over an extended period of time and has now been rejected,
Rick Parry
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