Record pre-tax profits at Leicester

As well as topping the Premier League, Leicester City have recorded record pre-tax profits for the year ending 31 May 2015.   Profits were £26.8m compared with a loss of £20.8m in the previous year.  Income was up to £104.4m from £31.2m.

With the return to the Premier League, income went up from £31.2m to £104.4m.   The King Power stadium was largely sold out at 98.5 per cent of capacity with match day receipts up from £6.9m to £10.6m.

Small loss at Arsenal

Arsenal recorded a small loss of £3.4m in the six months to 30 November, compared with a profit of £6.2m in the same period the preceding year.   The difference is largely explained in terms of income from player transfers.

Turnover was up from £148.5m to £158.4m.   The club has a war chest of over £159m should it need to draw on it.

Notts County up for sale

Ray Trew has stepped down as chairman of Notts County and has announced the club is for sale.  He became owner and chairman in 2010 but said he and his family were subject to ‘foul and mindless abuse’ in recent days.

Trew bought the club for £1 and took in debts of £1.5m built up during Middle East consortium Munto Finance’s brief period as owners.  The Magpies have had nine full-time managers during Trew’s tenure.

Whether there will be any buyers for the club remains to be seen.

Manchester United stride ahead financially

Despite disappointment on the pitch, Manchester United are striding ahead financially.   They are on track to become the first English club to earn £500m in a year.

Their second quarter figures for the period ending 31 December 2015 show that revenue was up by 26.6 per cent to £133.8m.   Commercial revenue was up a staggering 42.5 per cent to £66.1m, driven by the lucrative new deal with adidas.

Brighton make big losses

The difficulties of competing effectively in the Championship without parachute payments are shown by the accounts of league leaders Brighton and Hove Albion for the 2014-5 season. They reported losses of £10.44m.

The club finished 20th last season which helps to explain why turnover declined by £300k to £23.7m. Operational efficiencies helped to hold down administrative costs, but footballing costs were up and represented 100 per cent of turnover, twice the recommended level.