That £17m profit is essentially fake without the women's team sale (£78m) and the warehouse sale (£36m). Strip those out and you're looking at a £97m loss before considering the underlying loss figure.
A club being kept alive by owner injections and clever sales rather than organic profitability.
Revenue £378m ⬆️37%
Wages £273m ⬆️8%
Profit on sale of women’s team £78m
Profit on sale of warehouse £36m
Underlying loss £140m
Player sale profits £52m
Pre tax profit £17m
Total losses over the years £882m
Player purchases £162m
Player sales £131m
Total cost of squad £540m
Borrowings in year £109m
Share issue in year ££94m
Transfer fee payables £159m
by arenaross
1 Comment
Why is our sponsorships so small? We make more from merchandise and ticket sales than sponsorships. They need to do much better at negotiating