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Chris Profile picture
Chris
@christoph_21
Author/accountant, depending on what day it is. Contributor/analyst: @WiseMenSayPod, @OffThePitch_com Policy advisor: @fairgameuk
Mar 23, 2024 • 54 tweets • 20 min read
Alongside yesterday's investment announcement, Ipswich Town 2022/23 promotion season financials are out

Club lost £18.2m, by far largest deficit in EFL League One

#ITFC figs
🔵Revenue £21.8m (⬆️51%)
🔵Wages £19.8m (⬆️21%)
🔵Player wages £12.7m (⬆️28%)
🔵Wages to rev 91% (⬇️23%) Image Ipswich Town's pre-tax loss of £18.2m was the worst financial result in EFL League One by some distance, with their deficit almost £8m higher than Derby County £10.6m

All 11 clubs to disclose 22/23 financials have posted a loss

Divisional loss to date: £54.7m Image
Feb 27, 2024 • 33 tweets • 12 min read
Arsenal posted a big pre-tax loss of £52.1m as they finished 2nd in the EPL in 2022/23

@Arsenal figs:

🔴Revenue £467m (⬆️25%)
⚪️Wages £235m (⬆️11%)
🔴Wages to rev 50% (⬇️7%)
⚪️Operating loss £57m (⬇️3%)
🔴Player additions £251m

Gross transfer spend over last five years: £835m Image .@Arsenal are the sixth EPL club to post 2022/23 financials and the fourth to post a pre-tax loss

So far, only Newcastle United's £73.3m deficit was worse than Arsenal's. £132.5m difference between The Gunners and league-winners Manchester City, who posted £80.4m profit Image