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Millwall see drop in profits on player sales.

Millwall income in 2019/20 was down 11% mainly as a result of Covid curtailments. Ticket sale income was down a fifth due to matches not taking place, Most other clubs have not reported for 2019/20 but Millwall is in the bottom third of the league by the looks of things, reports Kieran Maguire.

Wigan had the lowest revenue in the Championship at £11.5m while Swansea, Stoke City and West Bromwich Albion were around the £70m mark. Millwall come in at £16.4m, just ahead of Hull City. Please remember that these figures relate to 2018/19.

Millwall didn't have any major player sales in 2019/20, making a profit of just £80k to offset the trading losses. In 2018/19 the sale of George Saville was the main reason for a £5.4m profit on player trading. Clubs across Europe are becoming more reliant on profits from players.

To cover the losses investors put in just under £8m in the form of 'B' (not voting) shares into Millwall in 2019/20. Loan repayments to John Berylson have been pushed back to 2022 and he has committed to financially support the club further.

Millwall broadcast income down slightly, a big difference compared to those clubs with parachute payments.

Millwall wage bill was up 12% in 2019/20, Average wage now just over £9,000 a week. Wages are £115 for every £100 of revenue. This is way above the recommended Uefa level of 70 per cent, but it is not unusual in the Championship and many clubs have higher (worse) figures.

As a result of rising costs and falling income, Millwall day to day losses doubled to over £10 million in 2019/20. By Championship standards these losses are low, and remember for most other clubs' figures are for the previous season pre-Covid.


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