Speaking to the Club Fanzine, Bowden said: "It's actually less of a loss than we budgeted and we're looking at a reduction in that loss for 05/06, so I don't think fans have anything to worry about."
Chairman David Sheepshanks stressed that there was no need for panic, as the Club is doing its day to day running costs on a break-even basis:
The cash flow from our current activities - ie excluding payments arising from the period of administration, but including paying the required amount of interest on the 25-year, £25 million loan notes [Norwich Union bond] - is broadly break-even.
"We have been able to maintain positive bank current account balances throughout the year, and it is fundamental that we continue to do so."
Bowden also stressed, oncve again, that Royle would not have to sell anyone in January other than for 'footballing reasons'. Infact, he pointed out that the club would be looking to bring maybe a few players in before the end of January.
The overall debt of £35.75Million falls some way short of the £60Million a tabloid reported only last week.