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Big losses at Brighton

Brighton and Hove Albion have posted their 2016/17 accounts online and they show big losses in their promotion year: Albion Accounts

The amount that the Seagulls lost (£39m) was the same as that lost by Bournemouth in their promotion year in 2014/15 (in real terms, this means it is a bit less).

Losses were up from £25.8m to £38.9m, largely because of money spent on players. £9.1m was spent on promotion bonuses. In the longer run, however, £159m of the money that Tony Bloom has spent on the club has gone on the stadium and training ground. £108m covered operating losses. Gross debt is £207m, by far the biggest amount in the Championship, but almost all of that is owed to Tony Bloom.

The losses are equivalent of Tony Bloom subsidising every seat sold last season by £60.40 per game. His total investment in the club is now £286m.

The wages to turnover ratio is 107 per cent, but such high ratios are not unusual in the Championship. The wage bill was not the highest at £30m. Norwich spent far more (£55m) and to less effect.

A more detailed analysis of the results can be found here: Price of Football

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