• About
    • Ethics policy
    • Privacy Policy
    • Ownership, funding and corrections
    • Complaints procedure
    • Terms & Conditions
  • Contact
  • Support
  • Newsletter
Brighton and Hove News
15 July, 2025
  • News
    • Politics
    • Business
    • Opinion
    • Community
  • Arts and Culture
    • Music
    • Theatre
    • Food and Drink
  • Sport
    • Brighton and Hove Albion
    • Cricket
  • Newsletter
  • Public notices
  • Advertise
No Result
View All Result
  • News
    • Politics
    • Business
    • Opinion
    • Community
  • Arts and Culture
    • Music
    • Theatre
    • Food and Drink
  • Sport
    • Brighton and Hove Albion
    • Cricket
  • Newsletter
  • Public notices
  • Advertise
No Result
View All Result
Brighton and Hove News
No Result
View All Result
Home Brighton

Brighton and Hove Albion notch up £25m loss as price of push for place in Premiership

by Frank le Duc
Thursday 8 Dec, 2016 at 3:19PM
A A
0
Manager of Brighton and Hove Albion’s women team dismissed after allegations

Brighton and Hove Albion notched up a loss of £25 million last season as the price of the club’s push for a place in the Premiership.

The money went mainly on strengthening the playing squad in pursuit of top flight football, according to Albion.

The club said: “Brighton and Hove Albion have lodged their accounts for the 2015-16 season with the Football League.

“The figures show a significant increase in overall operating losses – underlining chairman Tony Bloom’s ongoing commitment to the club and in particular the ambition to reach the Premier League.

“The accounts show an overall loss of £25.8 million, compared with £10.4 million in the previous season.

“The increase in losses relates largely to investment in the playing squad during the 2015-16 season.

Tony Bloom
Tony Bloom

“The accounts also show that the club has complied with Football League’s Financial Fair Play Rules for the period.

“Clubs voted to increase the level of permitted losses to £13 million, effective from the start of 2015-16. Based on the operating loss adjusted for depreciation and allowable expenditure – such as our investment in our category 1 academy – Albion will once again comply.

“The accounts show an increase in turnover of 4 per cent and increase in administration and operational costs of 4 per cent – but overall profit before football costs and depreciation shows an increase of 4 per cent.

“There is a loss on player trading compared to profit in the previous year, with an £8.9 million swing, while football costs increased by 29 per cent to £30.6 million.

“The club has distributed a full set of accounts to all shareholders – including an annual statement from chairman Tony Bloom – and has once again taken the step of making the annual accounts publicly available to all supporters.”

The chairman’s statement said: “The 2015-16 season was one of the most memorable and exciting in my 40 years as a Brighton and Hove Albion supporter.

Chris Hughton at the Albion press conference 20150817
“The team, under Chris Hughton’s astute leadership, gave us a season to savour – and although we twice missed out on taking that final step to the Premier League, it has laid the foundation for our current season.

“To compete at the top end of the Championship it’s important to have a manager who knows how to win at this level and to possess a strong group of quality players.

“We have both and while this does not guarantee promotion, it gives us an excellent chance.

“Our increased losses result directly from an ongoing and growing investment in our playing squad and Chris, Paul Winstanley, Paul Barber and I are very pleased with the squad.

“Furthermore, on the back of last season, we wanted to retain our key players and our decision not to cash in key assets has seen player trading go from a profit to a loss compared with the previous season, when we sold Leo Ulloa and Will Buckley.

“Progress – Every year I have pointed out that ambitions are rarely realised overnight. The club has made steady and continued progress and in particular I have been delighted with our player trading in the past three windows, two of which are reflected in these accounts (summer 2015 and January 2016).

Tony Bloom, Chris Hughton and Paul Barber
“We have had another very good start to the current campaign and hope that we can make that final step this season –although we all know just how competitive and tough the Championship is year after year.

“This year we have the added competition of the likes of Newcastle United, Aston Villa and Norwich City competing for one of those two automatic promotion places.

“I would like to thank the board of directors, the majority of whom give their time and expertise to the club without charge.

“I would also like to thank Chris, his staff and all the playing squad and wish them every success for the remainder of the season.

“The work undertaken by our staff off the pitch – in maintaining the operating profits of the business and ensuring we remain operationally efficient – allowed us to achieve the majority of our off-the-pitch targets. With this in mind I would like to thank our staff for their ongoing hard work.

“Community and supporters – The local community will always be an important part of our focus, both for the club and its charitable arm Albion in the Community, and that involvement continues to affect the lives of many local people in such a positive and inspiring way.

“We have always played a significant role in the local community and we recognise the responsibility we have to both our supporters and many others via Albion in the Community.

Amex stadium by Dominic Alves on Flickr
Amex stadium by Dominic Alves on Flickr

“We also recognise the importance of our fans and they remain the lifeblood of the Albion. Interacting and hearing their concerns will always be an important part of our identity.

“Recently we opened up the debate on safe standing, which has generated a lot of interest, and as a club we remain open-minded to a change in this area should the government make a change in legislation.

“While I am chairman of the club we will always remain open to feedback and constructive criticism from our supporters and we will continue to engage with our fans via all forms of communication and strive to continually improve all that we do.

“The future – I make no apology for repeating what I said in last season’s ‘chairman’s statement’. Our ambition remains for the club’s teams, both men and women, to play at the highest level possible.

“As chairman (and a lifelong supporter of the club) I will do everything I possibly can to achieve that and I remain fully committed to that goal.

“We are keen to ensure all investments and player transactions are made with the club’s long-term future, as well as short-term objectives, in mind.

“With permitted Financial Fair Play losses of £13 million per year over a three-year period, any Championship club without parachute payments wishing to compete for promotion will inevitably make significant losses, so it remains a delicate balancing act for the board as we strive to achieve our ultimate aim.”

ShareTweetShareSendSendShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most read

Power cut affects thousands of homes and businesses in Brighton

Sinkhole appears outside financially troubled Brighton school

Boy, 15, seriously injured in sword attack

Water company brings in hosepipe ban after dry spring and heatwaves

Carpenter used old employer’s uniform to fraudlently buy goods on account

Brighton and Hove Albion notch up £25m loss as price of push for place in Premiership

Man jailed for betting shop robberies in Brighton and Hove

Inquest opens after baby dies in Brighton hospital just days after her birth

Key CCTV of baby Victoria alive made police chief ‘wince’

Constance Marten and Mark Gordon guilty of killing baby Victoria

Newsletter

Arts and Culture

  • All
  • Music
  • Theatre
  • Food and Drink
Love Supreme Festival 2025 : Day Three with Maxwell and friends

Love Supreme Festival 2025 : Day Three with Maxwell and friends

14 July 2025
Jessica Winter has ‘Got Something Good’ going on

Jessica Winter has ‘Got Something Good’ going on

13 July 2025
Palindrones headline a night of darkwave sounds in Brighton

Palindrones headline a night of darkwave sounds in Brighton

13 July 2025
Love Supreme Festival 2025: Day Two with Jacob Collier and friends

Love Supreme Festival 2025: Day Two with Jacob Collier and friends

13 July 2025
Load More

Sport

  • All
  • Brighton and Hove Albion
  • Cricket
Plans for £6.9m swimming pool go before council cabinet

Plans for £6.9m swimming pool go before council cabinet

by Sarah Booker-Lewis - local democracy reporter
15 July 2025
0

Plans for a new public swimming pool are due to go before Brighton and Hove City Council’s cabinet on Thursday...

Sussex Sharks open T20 Blast with a win

Hampshire Hawks thwart Sussex Sharks in Blast

by Alex Smith - ECB Reporters Network supported by Rothesay
13 July 2025
0

Hampshire Hawks 171-4 (17.2 overs) Sussex Sharks 167-7 (20 overs) Hampshire Hawks win by six wickets James Vince hit the...

We have an awful lot of work to do, says Sussex coach

Sussex must up their game in T20, says disappointed Farbrace

by Alex Smith - ECB Reporters Network supported by Rothesay
11 July 2025
1

Sussex head coach Paul Farbrace said: “It is a hugely disappointing night. We haven’t been consistent in the last three...

Sussex Sharks open T20 Blast with a win

Sussex Sharks flounder against Essex in T20 at Chelmsford

by Alex Smith - ECB Reporters Network supported by Rothesay
11 July 2025
0

Essex 148-4 (16.1 overs) Sussex Sharks 145 (18.2 overs) Sussex Sharks lost to Essex by six wickets Michael Pepper’s pyrotechnical...

Load More
December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Nov   Jan »

RSS From Sussex News

  • Man dies in three-car crash 13 July 2025
  • Boy, 15, injured in sword attack 13 July 2025
  • Water company brings in hosepipe ban after dry spring 11 July 2025
  • Police officer spared prison after being caught with child porn 11 July 2025
  • Airline fined for flying puppy to Gatwick before it had rabies jab 10 July 2025
ADVERTISEMENT
  • About
  • Contact
  • Support
  • Newsletter
  • Privacy
  • Complaints
  • Ownership, funding and corrections
  • Ethics
  • T&C

© 2023 Brighton and Hove News

No Result
View All Result
  • News
    • Opinion
  • Arts and Culture
    • Music
    • Theatre
  • Sport
    • Cricket
  • Newsletter
  • Public notices
  • Advertise
  • About
  • Contact

© 2023 Brighton and Hove News