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Millwall losses reasonable for Championship

Millwall made a loss of £74,000 a week in 2017/18 despite income up a third following promotion to Championship. That amounted to an annual total of £3.8m, down from £4.0m the year before. The losses are reasonable compared to other clubs in the division.

Revenue for the year was £15.6m, up 56 per cent. Matchday income was up 10% but main reason for the revenue rise was higher TV money due to being in the Championship. Premier League solidarity income was £4.8m. Commercial revenue was up by 12 per cent.

Millwall's wage bill was up 43% to £13.4 million. This compares to an average wage bill in division of £23 million. It represents 86 per cent of turnover, well above the recommended level of 50 per cent, but many clubs in the Championship have higher ratios.

Millwall spent just over £1.1 million on players in 2017/18. Player sales were zero.

Millwall owed its parent company nearly £91 million at 30 June 2018. This sum is interest free.

Revenue streams this year are expected to be similar to last year, but are dependent on then success of the team as attendances and matchday income are affected by the team's performances. Millwall are currently in the relegation positions in the Championship. However, the average attendance for the first eight home league games has been up by nine per cent.

It is stated that weak economic conditions in the UK can also have an effect on attendances. It should be pointed out that this can be offset by having a loyal core of supporters which is surely the case at Millwall.

It is now 25 years since the club moved to the New Den.

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