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Big cut in debt at Aberdeen

The authoritative Swiss Ramble reports on the 2019/20 accounts of Aberdeen FC.

In 2019/20 Aberdeen's loss narrowed from £5.0m to £3.2m, largely because prior year included £4.3m impairment of Pittodrie. Revenue dropped £1.6m (10%) to £14.3m due to COVID, while wages rose £0.5m (6%) to £9.8m. Debt cut from £7.2m to £1.3m after equity conversion.

Overall revenue declined £15.9m to £14.3m. Match day revenue was down because of the effects of the pandemic, a fall of 32 per cent from £5.4m to £3.7m. Broadcasting was more or less steady at £3m, a third of that coming from European competitions.

The wages to turnover ratio went up from 58 per cent to 68 per cent, still within UEFA guidelines.

In many clubs across Europe player sales are an important contributor to revenue. However, Aberdeen showed a small deficit of £0.2m after a small surplus of £0.3 the previous year.


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