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Preston lose £69m over time

Preston North End made a £20m loss on revenue of £13.8m in 2021/22, reports Kieran Maguire. Losses were used to reduce taxes of other group companies so post tax loss was £16.8m.

Preston total losses over the years almost £69 million, funded by interest free owner loans

In cash terms Preston spent over £11m more than it generated in 21/22 on day to day trading. A net £2.5m cash spend on transfers also arose. Owners loans of almost £15m plugged this gap.

Biggest contributor to turnover was TV money from Premier League solidarity payments and EFL TV deal.    This brought in 58% of the total.

Wages were £178 for every £100 of income, down from £196 in Covid hit 2021. Director pay quadrupled.

Preston bought players for £2.2m and had sales of £300k.

Maguire says that Preston offer a 'scary example' of Championship finances: https://www.lep.co.uk/sport/football/preston-north-end/preston-north-end-are-scary-example-of-championship-finances-kept-afloat-by-investment-of-love-says-football-finance-expert-3994086

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