Total Revenue and Other income decreased to £528.2m
Profit from Operations (EBITDA) increased to £144.9m
Loss after Tax decreased to £26.2m
June 2024
June 2023
£m
£m
Match receipts
105.8
117.6
UEFA prize money
1.3
56.2
TV and Media
165.9
148.1
Commercial & Other income
255.2
227.7
Total Revenue
528.2
549.6
Profit from Operations (EBITDA)
144.9
138.7
Loss for the period
26.2
86.8
Total Revenue for the year decreased by 4% to £528.2m (2023: £549.6m)
Match receipts of £105.8m (2023: £117.6m) due to nine fewer home games than prior year.
UEFA prize money was £1.3m (2023: £56.2m) reflecting the difference between not participating in European competition in the current year and reaching the Champions League Round of 16 in the prior year. The prize money in the period is a final account payment relating to the prior season’s competition.
TV and Media revenues were £165.9m (2023: £148.1m) driven by the Premier League broadcast deal and a higher finishing position in the Premier League of 5th (2023: 8th position).
Commercial revenues and other income from sponsorship, merchandising and other income such as third-party events, visitor attractions, pre-season tour and conference and events increased to £255.2m (2023: £227.7m).
Operating expenses (before football trading) decreased by 7% to £453.6m (2023: £487.9m) principally due to fewer football matches and third-party events.
Profit from Operations before depreciation, amortisation, player trading, interest and taxation increased by 4% to £144.9m (2023: £138.7m).
The loss for the year after depreciation, amortisation, player trading, interest and taxation was £26.2m (2023: £86.8m).
Our net debt as of 30 June 2024 was £772.5m (2023: £677.4m). Over 90% of our financial borrowings of £851.5m are at fixed rates, with an average interest rate of 2.79%. The average maturity of all our borrowings is 18.6 years, some of which stretch until 2051, ensuring limited impact on the Club’s ability to invest in the playing squad.
As with prior years no dividends have been paid.
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