Skip to main content

Posts

Showing posts with the label Seagulls

Brighton need to improve player sales performance

Brighton and Hove Albion have one of the lowest revenues in the Premier League, but a generous benefactor owner.   From his fastness in Zurich, the authoritative Swiss Ramble reviews their latest accounts. The loss before tax tripled from £22m to £67m, a £45m decline, as revenue decreased by £15m (10%) from £148m to £133m, while profit on player sales of £5m became a loss of £1m, and expenses rose £24m (14%). Monks Farm development worth £0.6m (revenue £9.4m, costs £8.8m The £5 15m revenue fall was mainly due to COVID, which severely impacted all revenue streams, especially broadcasting, down £24m (21%) from £114m to £90m and match day, down £5m (27%) from £19m to £14m. Commercial £13m (82%) increased from £16m to £29m (Monks Farm development). The £67m loss is obviously not great, but it is only 4th worst to date in 2019/20 Premier League, beaten by Everton £140m, Saints £76m and last night’s sad victims £68m. Due to the pandemic, it is likely that other clubs will also...