Brighton & Hove Albion have filed annual accounts for the 2021/22 season, the club's fifth in the Premier League. One which saw Graham Potter lead the club to ninth position, and the first with crowds back to full capacity following the Covid pandemic.
The accounts show a significant swing from a loss in the previous season to a profit, as turnover grew, and the club profited from the significant player sales of Ben White and Dan Burn. The club’s latest accounts also confirm full compliance with Premier League Profitability and Sustainability (Financial Fair Play) regulations for the period.
Turnover for the period was up by 19.6% to £174.5m, against £145.9m in 2020/21 – and losses swung from a deficit of £53.4m to a profit of £24.1m. The figures do not include the sales of Yves Bissouma, Marc Cucurella or compensation for Graham Potter’s departure, all of which were concluded after 30 June 2022, the end date for these accounts.
Deputy chairman and chief executive Paul Barber said, "These accounts make much better reading than the two previous seasons, in which we sustained overall losses of more than £110m. That took Tony’s investment over the £400m mark but this move to a profit is a small step towards the club becoming more sustainable and less reliant on the chairman’s generous levels of investment.
“While we know we are very fortunate to have Tony Bloom’s ongoing support, the club must continue to work towards improved sustainability in the longer term. These accounts, and hopefully future accounts, show that we are making solid progress in that direction, and also working towards our vision of becoming an established and regular top-ten finisher in the Premier League.
"I’m pleased to report that our matchday income has increased. We welcomed back full capacity crowds to the Amex, and overall our commercial revenues are much healthier than the previous two seasons. Broadcasting income saw an increase thanks to our ninth-place finish, and additional live broadcast games.
"As ever we are hugely grateful to Tony Bloom for his continued leadership, financial support and a high level of stability. We continue to progress under his chairmanship and ownership. On behalf of everyone connected to the club, but especially the board, our staff and all of our supporters, I would like to thank him for his incredible and ongoing commitment."