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Good financial model at Partick

Despite relegation to Scotland’s third tier the previous season and Covid-19 Partick Thistle managed to break even financially, get promoted and publish full accounts by mid-October. Why can’t other clubs operate such a model asks Kieran Maguire of the PriceofFootball? Revenue  was down 44%, furlough income £500k.

Partick balance sheet is strong with over £600k in the bank and cumulative profits of a similar amount. The club have had a historic benefactor but have not frittered the money away.

Partick’s wage bill was down 29% to less than £1.5m for everyone at the club. Average Premier League salary for a single player is £2.7m

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