BBC Sport - Paul Barber: Brighton chief executive explains £14.7m loss
Brighton CEO explains £14.7m loss
- From the section Football
Brighton & Hove Albion chief executive Paul Barber tells BBC Sussex the club's £14.7m financial loss for 2012-13 was mainly due to heavy investment on new signings and an increased wage bill.
Recording a similar figure this season would see the club fail to comply with Financial Fair Play (FFP) rules, which allow losses of £8m.
However, Barber says the Seagulls "are determined to run the club financially sensibly" and hopes sanctions are enforced by the Football League for clubs who breach FFP rules.