Brighton & Hove Albion Records Pre-Tax Loss Of £29.2M In Year Ending In June

Premier League side Brighton & Hove Albion, which is back in the top flight for the first time in 34 years, spelled out "the cost of last season’s promotion charge," according to David Owen of INSIDE WORLD FOOTBALL. The club's pre-tax loss of £38.9M a year ago "comfortably outstripped turnover." The team's pre-tax loss was £29.2M for the year through June, with revenue from ticketing, which exceeded £10M, the English Football League and central distributions "each making markedly improved contributions." Promotion is expected to provide an approximate £100M ($134M) "top-line boost over the current season, so there seems every prospect" that the club’s Premier League adventure will be a profitable one, "notwithstanding significantly increased costs." The club's '16-17 promotion costs were £9.1M -- a figure "said to incorporate bonuses for all staff, including players, the end-of-year parade and other celebrations" (INSIDE WORLD FOOTBALL, 12/27).