Financial Report: Brighton forecast continued net operating cash outflow on top of £67 million loss
27 January 2021
Player trading of almost £50 million last season contributed to the Premier League club more than tripling their pre-tax losses.
Chairman Tony Bloom has given assurances of continued funding by way of interest free loans and equity conversion.
Brighton have net current liabilities of £368.1 million though that includes £303.7 million in loans owed to Bloom that he will not recall.
Brighton & Hove Albion saw a more than three-fold increase in their pre-tax losses from £22 million to £67.2 million in the 2019/20 season, according to the Premier League club's just-released financial report.
Though the year includes the devastating impact from the coronavirus pandemic, the loss was mainly due to player trading (amortisation of purchased players less the profit on sale of players) of £48.6 million on top of an operating loss of £17.7 million.
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