Annual accounts: Preston in the red due to lack of player sales

24 February 2020

PNE
Photo: PA Images Preston's operating loss stood at £14.3 million, down from a profit of £2.6 million the year before.

Preston North End made a pre-tax loss of £14.3 million last year, having failed to make any substantial player sales, the club's just-released financial report shows.

With wages increasing by a substantial amount, Preston now have one of the highest wages-to-revenue ratios in the Championship.

Turnover, meanwhile, failed to grow significantly as the club continue their pursuit of promotion to the Premier League.

Emil Gjerding Nielson nielson@offthepitch.com

A lack of player sales coupled with rising wages caused Preston North End to make a pre-tax loss of £14.3 million last season, highlighting the cost of competing for promotion to the Premier League.

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.