Premier League clubs’ finances under spotlight after drop in operating profits

Pre-tax losses rose in 2022-23 despite record revenueConcerns over the sustainability of Championship clubs

Premier League clubs’ operating profits took a sizeable hit in the 2022-23 season with pre-tax losses also rising sharply, according to new figures from Deloitte. The ecosystem that supports them is thriving, however, with revenue exceeding £6bn for the first time.

The latest annual review of football finance confirmed England’s top flight remains dominant over its rivals by some distance, sitting atop a European landscape that has recovered comprehensively from the Covid-19 pandemic. But beneath the headline figures were developments that will cause concern, and the report also showed that Championship clubs remain heavily loss-making despite a 10% revenue increase.

Continue reading…

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *