Skip to main content

Brentford had second highest profit in top flight

After adjusting for player sales, one off transactions and interest costs Brentford had second highest profit before tax in the Premier League last season, reports Kieran Maguire.   Turnover was up 708%, mainly due to promotion to Premier League and a small impact of end of Covid.

Turnover £141m, more than the previous 15 seasons added together .Wages £68m, lowest in Premier League.  Profits £30m. Transfer spend £40m.  Borrowings down to £39m.    As a result of cost control Brentford made a day to day profit of £25m, highest in the Premier League and first profit for a long time.

 Matchday up on end of lockdown and boosted by new stadium move which tripled previous record.   Success on pitch meant almost £115m, 80% of total of revenue, from broadcast.  Commercial income almost tripled on back of new stadium and FOS deals in Premier League, but still low by Premier League  standards.

Wages are biggest cost, but Brentford had by far the lowest wage bill in PL last season. Expect a substantial increase in 22/23.  Compared to rest of Premier League Brentford have excellent wage control. Suspect players and agents have been knocking on the door though.

In terms of player trading, Brentford had a net spend of £35m in their first PL season.  Player trading was the method Brentford used in Championship to partly absorb losses, not required in first season in top flight as club gave those players who promoted club chance to show their ability in top division.

 


Labels:

Comments

Post a Comment

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s
1 comment
Read more

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is
Post a Comment
Read more

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to depl
Post a Comment
Read more