The 2018/19 accounts of football clubs are appearing in rapid succession and one of the latest is from Barnsley. They had an operating loss of £4.8m in League One, reports Kieran Maguire of the PriceofFootball. Turnover after relegation was down from just under £14m to just under £8m. The main factor in lower income was a 45 per cent decrease in TV money following relegation.
Barnsley paid £105 in wages for every £100 income as they sought to return to the Championship, well above the recommended maximum of 70 per cent.
Player purchases of £1.3m were dwarfed by sales of £5.1m.
Barnsley are in danger of a return to League One with a consequent impact on their finances.
Luton Town
It looks as if another club promoted from League One, Luton Town, lost £2.1m in 2018/19. Income was up by about 30 per cent.
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