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End of parachute payments hit Stoke revenues

Stoke City made a £29m loss from day to day operations in 21/22, down from £46m the previous year but player sale profits reduced this by £10m, reports Kieran Maguire.  A loan from Bet365 of £120m that was never going to be repaid has been formally agreed as never going to be repaid.

Excluding the unusual stadium sale profits and debt write off the club has made operating losses over the years of £233 million.

Stoke spent £35m more than they generated in 21/22 from day to day running of the club. This was effectively funded by reducing the club’s cash balance.

Revenue down £10m as increase in matchday and hospitality could not offset end of parachute payments.

Wages down 26% as Premier League contracts expire. Average wage now just £17,300 a week.  Wages were £120 for every £100 of income [a high figure, but not unusual in the Championship].

Stoke bought players for £5.9m. Players who originally cost £81m left at end of contract or were sold for £15m.  Club has not signed any players for fees in 22/22 but has sold players for £18.5m.

Club has no external debt and now owes Bet365 just £90m.

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