Bristol City Announce £11.45 Million Losses

Since the introduction of Derek McInnes at Ashton Gate, Bristol City have made a remarkable recovery in this year's npower Championship.

With McInnes record currently standing at 13 points from six games, the Robins are slowly making their way out of the bottom four.

However it has been revealed today by club chairman Colin Sexstone that the club have calculated record losses of up to £11.45 million in 2011, giving City fans a lot to be concerned about. 

Talking to BBC Radio Bristol; Sexstone said, "It's a big problem. Wages in the Championship are far too big and  at Bristol City in particular they're just too much"

The huge decline in City's profits have been put down to player wage's and the stressful delays of the development of the new stadium. However many player's contracts are set to expire come next summer; including key players like super striker Nicky Maynard, keeper David James, Marvin Elliot, Jamal Cambell-Ryce and veteran Louis Carey. 

The amount of players at the club concerns Sexstone too, and he believes that they are earning way over the salary they deserve. "We've certainly got too many players. Keith Millen [former manager] thought that and I'm sure Derek McInnes does too, and some of them are earning too much."

Sexstone also hinted towards big players moving on in the transfer window in January. "I have no doubt that some players we will want to keep on but there are some we might not. That decision will be down to Derek. But it is an opportunity for us to replace some of those players with some on lower salaries."

Despite the news released today, Sexstone has expressed his delight at the recent run in form by the Reds that has seen his side go five games unbeaten.

"There's a feel-good factor at the moment and it shows you how quickly things can change. Having a 16,500 crowd makes a big difference."

Bristol City face Watford at Vicarage Road in tonight's Championship encounter between the two strugglers, where Derek McInnes will hope to extend his unbeaten run to six games.