Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Financial Results


£23.1m loss at Chelsea

Chelsea made a £23.1m loss in the financial year ending 30 June 2015, but remained compliant with financial fair play rules.   Turnover was down slightly from £319.8m to £314.4m.   Commercial and matchady revenue was broadly steady.

Manchester United set to break through £500m barrier

Manchester United are set to become the first club to break through the £500m barrier after reporting record first quarter results of £123m.  Annual revenues should be in the region of £500m-£510m.

The return to the Champions League, and sales of the new Adidas 2015-16 shirt, contributed to revenues that were up by 39 per cent.

However, profits declined from £8.7m in the same period last year to £5m.   This reflected losses of £7.4m on player trading.

Static turnover at Charlton but club under threat

Charlton Athletic owner Roland Duchatelet is far from popular with fans of the South-East London club. Yesterday he authorised the sacking of the third manager from his European 'network', Guy Luzon. Charlton are currently in the relegation positions in the Championship.

Good progress at Darlington

Volunteer run Darlington are making good progress with turnover up 18 per cent at £341,000.   All debts have been cleared and there is around £300,000 in the bank.   However, more help is needed from a wider range of volunteers.

One disappointment is that the club has not moved backed to Darlington and continues to play at Bishops Auckland.  Negotiations for a ground share at Darlington RFC continue.

Manchester City make a profit

Manchester City have made a proft of £10.7m in their last financial year.   This is the first time they made a profit since Sheikh Mansour bin Zayed took over the club in 2008.  The profit was achieved despite fines of £16m for breaches of Uefa's financial fair play rules.

Maidstone's success story

The latest financial results from Maidstone United show a clear success story.   Turnover is up to £1.36m and profits are £245,000.   Admittedly, a FA Cup run helped these figures.

Nevertheless, the underlying story is a strong one.   Wages account for less than 20 per cent of turnover, with funds being put into expanding the capacity of he stadium with its 3G pitch.   Attendances and season ticket sales are up.

Arsenal laughing all the way to the bank

Is it better to have plenty of money in the bank or use that money to enhance performance on the pitch? That is the eternal dilemma at Arsenal and it is one that continues to exasperate the clubs' fans.  One comment after the latest financial results was that they had produced at least one good result this week.

Celtic turn profit into loss

Celtic have turned a £4m profit into a £11m loss in the year to 30 June.  The explanation is a failure to reach the group stages of the Champions League and a reduction in transfer income.  Revenue fell by over a fifth to £51.1m.

Progress in Juventus finances

There has been substantial progress in restoring the finances of Juventus reports the authoritative Swiss Rambler blog in a detailed analysis.

After a pre-tax loss of €10.9m last year, there was a small pre-tax profit of €0.1m.   Admittedly, this then became a large post-tax loss because of a perverse Italian tax which penalises companies with high personnel costs which seems to be a disenctive to employment.

Leeds close to breaking even

Leeds owner Massimo Cellinio has claimed that the next set of accounts for the club will show it close to breaking even.  In the 2013/14, Leeds United recorded a loss of £23 miillion.