- Pre-tax losses rose in 2022-23 despite record revenue
- Concerns 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.
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Source link : https://www.theguardian.com/football/article/2024/jun/25/premier-league-clubs-finances-football
Author : Nick Ames
Publish date : 2024-06-24 23:01:51
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