The authoritative Swiss Ramble provides an in depth analysis of Millwall's latest accounts:https://swissramble.substack.com/p/millwall-finances-202122
The last time that Millwall made a profit was 20 years ago –
and that was only £60k. They have lost £86m in the last 10 years. Their losses had been reducing (from £12m in
2015 to less than £1m in 2019), but the onset of the pandemic (and a rising
wage bill) has resulted in sizeable losses since then.
Millwall continue to punch well above their weight in the
Championship, given their relatively low revenue and wages, though they are
fortunate that Berylson has continued to fund the club’s losses, which has
allowed them to remain competitive.
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