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Huddersfield losses low by Championship standards

Kieran Maguire of the PriceofFootball summarises the 2020/21 accounts of Huddersfield Town.

Revenue £45m down 23%; wages £25m 19%; operating loss £5m.  Player purchases £2m and player sales £21m Borrowings £44m.

Huddersfield bought players for £2m and sold players (who originally cost £71m!) for £21m.  The club borrowed £15m in 2020/21 but paid back loans of £27m to end up with overall borrowings of £44m.

Total income was down partly due to second season of parachute payments which are lower by about £7m.  Broadcast income 90% of total for Huddersfield.   This is likely to fall to about £16m in 2021/22.  Commercial income (including loan fees) down 70% mainly because loans were over £5.6m in 2019/20 and only £0.6m in 2020/2.  Matchday income (which may include iFollow) was down by more than half due to lockdown.

Biggest cost for clubs is player based. Wages down and £55 for every £100 of income, a good ratop. Average wage was £11k a week, lower than the Championship average.

Operating losses excluding one off transactions and player sales decreased. Still over £100k a week, but this is low by Championship standards.

There is a very useful detailed analysis here (better than what you usually get from local sources): https://www.examinerlive.co.uk/sport/football/news/huddersfield-town-profit-financial-accounts-23562373

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