Brighton sets record profit as other EPL clubs fear FFP charges

Brighton has posted a post-tax profit of about $154 million for the 2022/23 financial year. The impressive figures are the highest profit of any club in Premier League history. Across the continent, only Barcelona ($378 million) previously recorded higher profits than the Seagulls. However, the Catalan club essentially did everything it could to increase revenue to adhere to Financial Fair Play (FFP) rules.

A fairly large chunk of this record profit was generated by selling stars such as Alexis Mac Allister, Yves Bissouma, and Marc Cucurella. The trio was all sold during the 2022/23 financial year for around $147 million combined. Deals to offload Moises Caicedo and Robert Sanchez, however, were not included in these figures. Both players were sold to Chelsea after the 2022/23 financial year ended. The Seagulls are receiving about $144 million for the duo.

Brighton also received a large compensation from the Blues for former head coach Graham Potter. Chelsea reportedly paid the Seagulls around $27 million for the manager and his staff. Potter only lasted 31 total games in west London.

Brighton’s financial report was also boosted by their performances on the pitch. The South Coast club finished sixth in the Premier League table following the 2022/23 season, qualifying for the Europa League. It was the first time in the team’s history that they featured in a European competition. They also made it to the FA Cup semifinals, playing at Wembley Stadium in the process.

Brighton exec claims club will use profits in transfer window

The financial figures came out just as Paul Barber, Brighton’s chief executive, extended his contract with the club. Barber declared in a statement on Tuesday that the recent report allows the Seagulls to invest back into the team.

“In a season when we made history on the pitch, we took a huge step forward in terms of the club’s long-held aim of becoming more sustainable and less reliant on Tony Bloom’s…


Source link : https://worldsoccertalk.com/news/brighton-sets-record-profit-as-other-epl-clubs-fear-ffp-charges

Author : Chris Moore

Publish date : 2024-04-03 19:10:17

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