The latest available accounts show that the loss which includes the amortisation of players totalled £6,274,554. Staff costs totalled £8.2m whilst administrative expenses totalled £41.45m.
The profit and loss account showed that City were £29,197,600 in debt for the year of the accounts which ended on May 31st 2007.
Match receipts were £5.311,248 down from £5,391,011 in 2006 whilst the club made £2,387, 816 from commercial activities.
Had Ray Ranson not stepped in, then the club would have certainly folded today as debts to Michael MicGinnity,Geoffrey Robinson and his Craigavon Trust (£11.1m), Registered European Football Finance Limited (£6m) and Sir Derek Higgs all were due yesterday with interest mostly above bank basic rate.
A note says that most of these debts were to be waived on the successful take-over by Mr Ranson and SISU.