Preston move from a profit of £2.6m in 2018 to a loss of £14.2m in 2018/2019 due to no significant player sales and big increase in wages, reports Kieran Maguire of the PriceofFootball. Preston player spend of £4.2m was lower than average in division of £14m but figures distorted by some clubs at the top of table.
Preston owed Trevor Hemmings £43 million interest free at 30 June 2019. Since the end of 2018/19 the Preston owner has lent club a further £4.1 million.
Preston have the third lowest matchday revenue in Championship. For every £1 paid in wages Preston fans paid 18 pence via matchday revenues.
Preston had the seventh lowest wage bill in Championship but the sixth highest wage to income ratio. Combining wages and transfer fee amortisation costs meant that Preston spent £166 on player costs for every £100 of income in 2018/19. Preston average weekly wage £9,156, compared to average for the division of £16,014. For clubs to break even average wage would have to be £4,424 a week.
Championship clubs have total operating loss of £598.5 million, will change as more clubs report their 2018/19 results but even so could be a record. Average of £24.9m. Hull City made biggest profit due to parachute payments. Only relegated Rotherham United made a genuine break even.
Preston are currently in 6th place in the Championship.
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