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Boro gets costs under control

Middlesbrough have released accounts which show the club made a pre-tax profit of £2m in the year to June 30, 2019. The club’s coffers were swelled by a £33m profit on player sales, as stars such Adama Traore and Ben Gibson departed. Middlesbrough had an operating loss of £30m in 2018/19 despite parachute payments. Boro total operating losses averaged £359,000 a week over the decade.

The period covers the club’s unsuccessful promotion campaign last season under Tony Pulis. The accounts reflect the club’s bid to adjust to life outside the riches of the Premier League and stay within financial fair play rules. The profit contrasts with a £6.4m loss a year earlier.

Boro also revealed it had recouped a another £4.4m since last June in further player transfers. The club’s revenues fell from £62m to £55.6m after a drop in income from broadcasting from £46m to £40m while gate receipts were down by £1m to £6m. However Boro’s costs remained steady at £51m as spending on wages fell.

Kieran Maguire of the PriceofFootball notes that Championship operating losses so far total £648 million (some clubs have not yet published results for 2019 so using 2018).

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