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Huddersfield lose money

Huddersfield Town have submitted their 22/23 accounts, repots Kieran Maguire.  Revenue up £18.1m or 42%.   Wages £21.5m up 6%. Underlying loss £16.2m (hardly any Championship clubs make a profit).. Player purchases £3.1m. Player sales £9m. 

Revenue down in 22/23 as 🪂 payments finished. This caused losses to increase 5x as costs maintained. Player sale profits and covid claim reduced losses to £5m

Huddersfield have cash in bank. Whilst total liabilities are over £62m majority is due to parent company. Losses over the years are £32m

Running club on day to day basis Town spent over £11m cash in 22/23. Player sale receipts and net borrowings of £9m in the year funded this deficit.

Wages up in year. Average first team weekly wage £10k, below Championship average of £12-13k.

Town bought players in year for £3m which meant squad cost at end of season was just over £4m

Town have no external borrowings. Loans from parent interest free and total £50m.

In depth analysis here: https://gameofthepeople.com/2023/07/16/huddersfield-town-a-loss-in-2022-but-preparing-for-their-first-title-centenary/

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