Millwall cuts its losses

Millwall increased turnover by 15 per cent to £7,5m in the 12 months to June 2010 which helped to reduce operational losses by 22 per cent from £4.4m to £3.4m.    An Open Offer to all shareholders is aimed at raising £11.2m to reduce borrowings.

Millwall increased turnover by 15 per cent to £7,5m in the 12 months to June 2010 which helped to reduce operational losses by 22 per cent from £4.4m to £3.4m.    An Open Offer to all shareholders is aimed at raising £11.2m to reduce borrowings.


As a result of promotion to the Championship, the club expects to increase revenue by at least 65 per cent this season.   This will partly be down to higher attendances and commercial sponsorships, but the largest factor is a larger share of Football League central TV and sponsorship revenues.   This is an area in which a bigger gap has opened up between League 1 and the Championship.