Financial report: Huddersfield Town's operating profit drops on player investment
26 March 2020
The club's operating profit fell to less than £2 million last season, mainly due to player investment of £46 million.
Despite being relegated, the club are in a better position than they were prior to Premier League promotion, according to owner and chairman, Phil Hodgkinson.
Having been sold recently, the club intend to reduce the debt owed to their former owner, Dean Hoyle, through player trading, among other things.
Huddersfield Town saw a decrease in their operating profit by £21.6 million to £1.6 million in the 2018/19 season, mainly due to significant investment in the playing squad, but are in a better position than prior to Premier League promotion, according to the club's owner and chairman.
Following a poor start to last season, Town were relegated to the Championship after two seasons in the English top flight, meaning they are now entitled to three years of parachute payments, expected to total £91 million.
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.