I would give @Only1Argyle 6 stars if I could in relation to their 2020/21 accounts. They are out early, they are comprehensive and they are transparent. #PAFC #Plymouth
Revenue was down 19% in 2020/21, mainly due to the season taking place behind closed doors. The main hit was in terms of matchday (down 68%) but broadcast was up and academy/merch/commercial was solid #PAFC 
Main costs are wages, Argyle's hardly changed during the year although went up from 69% to 85% of income due to Covid.
Plymouth's underlying loss increased to £3.7m, but the club was smart enough to have business interruption insurance which paid out £2.5m due to Covid, as well as receiving a £1.1m grant from the Premier League. Furlough income was £310k
Plymouth player trading was modest, with £210k spent on recruitment, decent by division standards, and sales of £78k
Unlike some other clubs, Plymouth are debt free, with over £6 million in the bank, and have a sustainable business model. Great to hear they are planning a fan forum to explain the numbers too. A model approach that others should follow IMO.
Spreadsheet summary
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