The financial report for West Ham United’s 2022/2023 season reflects a complex narrative of both triumphs and challenges. 🤝🏿
Below is a short review on some of the key findings: 📝📝
The dip in revenue was primarily influenced by West Ham’s 14th-place finish, a notable decline from the previous seventh-place standing. The Europa Conference League final prize money, received post-May 31, will impact next year’s accounts. 🤔
Despite a record-breaking £183.9m investment in the squad, player transfer amortization at £65.3m led to a £18.3m net loss before tax. Ticket revenue held at £41m, slightly lower due to European home matches. 😳
Commercial revenue grew to £35.1m, while retail/club store income fell to £12.91m. TV income saw the most significant drop to £147.58m, resulting in a £15.72m decrease. ❌
Operating costs totaled £190.6m on £236.6m revenue, yielding a £48.4m operating profit, diminished by £65.3m in transfer payments. 🫣
The wage-to-turnover ratio rose to 57.8%, a 5.1% increase from previous years.😤
Let me know what you think of their recent results.
#finance #sports
by TheFootballScoop