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Thursday, November 5, 2009

Megson not concerned by losses

Gary Megson insists Bolton Wanderers are moving in the right direction, despite the club's parent company reporting a loss over the last financial year.

Burnden Leisure announced on Wednesday that losses went up from £8million to £13.2million, even though there was an improvement in turnover by 3% to £51.8million.
Megson admitted the news was concerning but said he had not been told there would be any less money to spend on new players as a consequence.

"When those reports come out it is nothing to do with us, we don't have an input into it. I don't particularly read it, although I listen to what people tell me," Megson said.
"You don't want to see your company losing money. I don't get involved with it at all, but if the club is losing money, then it's not a nice thing to see.

"But I do know that on the football side of it, we have taken a side from the bottom of the table to mid-table and not spent a huge amount of money."

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