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Posh lose £90,000 a week

Peterborough lost almost £90,000 a week from day to day operations but sale of Tomey offset most of these losses. Loan interest up x12 took loss before tax to £1m, reports Kieran Maguire of the PriceofFootball.

Peterborough spent £9m more cash than the club generated in day to day activities, partly due to COVID. Player sales brought in £4.8m cash and the club borrowed a net £6.2m from owners.   Peterborough spent £2.35m on players in 2020/21 and had sales of £4.95m

Peterborough istechnically insolvent but owner loans and commitment aim to cover the going concern issue. Total losses exceed £16.5m.   Peterborough loans, mainly due to owners,  up from £7.4m to £13.6m

Peterborough wage bill up despite staff numbers probably due to promotion bonuses. Wages were £103 for every £100 of income.   Many Championship clubs have far higher (worse) ratios.

Peterborough claimed £395k in furlough in 2020/21.

The big challenge for the Posh is to stop being a yo-yo club between the Championship and League One.   There are plans for a new 19,500 capacity on the Embankment, although there is some opposition to the location.  

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