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Profits down at Huddersfield

Huddersfield Town operating profit down from £23m to less than £2m in 2018/19, reports Kieran Maguire of the PriceofFootball. Turnover fell from £125m to £119m. This was mainly due to lower prize money linked to a lower table position.

Huddersfield wage bill up slightly. Would have been much higher had relegation been avoided as big incentive payments included in contracts.

Huddersfield player trading 2018/19: Purchases £46m sales £13m. The club owe over £20m on player purchases but also have a £31m new bank loan. Part of reason why Huddersfield have spent so little on players 2019/20 is that Dean Hoyle is due £15m this season followed by £10m in each of following two years. Bank loan of £31m due for repayment 2019/20 too which takes up most of parachute payments.

More about payments to Hoyle here: £35m bill

Total liabilities to £139 million following increased borrowing and signing players on credit. Lots of cash flowing around from borrowing and repayment loans in 2018/19 including some big external loans.

£0.5m bad debt write off due to fizzy drink sponsor failing to pay.

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