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Portsmouth in good shape financially

Portsmouth lost £35,000 a week in 2017/18, but player sales helped to reduce this by a quarter (net profit of £475k). Matchday, broadcast and commercial income are all showing good growth for Portsmouth. Wages of £65 for every £100 of income, below the recommended Uefa level, show that financial controls are in place.

Turnover was up from £7.9m to £8.5m. 52 per cent of turnover at £4.6m came from ticket sales. The next biggest item was the Football League basic award at just under £2m.

Portsmouth may have to pay former owners £3m or £4m (depending on the date of promotion) if promoted to the Premier League in the next few years.

The full accounts are available here: Portsmouth accounts

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