The financial benefits of a year in the Premiership are demonstrated by the latest financial results from Blackpool FC. After making a loss of £6.7m the previous year, the club has reported record profits of £20.9m.
Turnover rose from £9.4m to £51.7m. Just £3.5m was spent on new signings and the wage budget reached £12.1m. Overall costs rose to £30.7m. The figures are believed not to include the sale of star midfielder Charlie Adam to Liverpool and other departures.
The financial benefits of a year in the Premiership are demonstrated by the latest financial results from Blackpool FC. After making a loss of £6.7m the previous year, the club has reported record profits of £20.9m.
Turnover rose from £9.4m to £51.7m. Just £3.5m was spent on new signings and the wage budget reached £12.1m. Overall costs rose to £30.7m. The figures are believed not to include the sale of star midfielder Charlie Adam to Liverpool and other departures.
While the figures show the benefits of a prudent financial policy, possibly a little more spending would have given the club a second season in the top flight. While the club insists that investment on improvements to the ground is ongoing, some think that more could be done more quickly, including upgrading the Squires Gate training facility.