Financial report: Huddersfield Town's operating profit drops on player investment

26 March 2020

HT
Photo: PA Images 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.

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.

Emil Gjerding Nielson nielson@offthepitch.com

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.

 

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