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Saints reveal £7m losses despite turnover increase

Southampton Football Club has made losses of £7.76m for the year ending June 30th 2010.

The figure, which is pre-interest and pre-tax, represents an improvement on the previous year with turnover up to £14.28m from £8.85m despite a fall in broadcast revenue due to Saints relegation from npower Championship to League One.  

The figures come nearly a year after the passing of Markus Liebherr, who took the club out of administration and cleared its debts.

The money Southampton owe to creditors is set to increase from over £7m to in the next year and £14.68m after more than one year which includes a loan of £8.4m owed in more than five years to the shareholder which was Liebherr before his death.

DMWSL 613, the company which own Southampton Football Club Limited, has passed into probate since the Liebherr passed away.

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