Brighton and Hove Albion announce record profits

While many Premier League clubs find themselves in financial hot water, Brighton and Hove Albion have announced a groundbreaking profit of £122.8 million for the 2022-23 financial year, marking the most prosperous season in the Premier League club’s history.

The profit after tax surged by nearly £100 million from £24.1 million, with turnover rising by 17.2% to a record £204.5 million.

In the 2022-23 season, Albion secured a sixth-place finish in the Premier League, reached the semi-finals of the FA Cup, and generated substantial transfer fees from several key players.

Brighton emphasised that these figures will contribute to further “significant progress” on the pitch. Seagulls fans can likely expect more South American wonderkids on the South Coast.

“These accounts will undoubtedly draw attention due to the headline figure,” remarked Brighton’s chief executive, Paul Barber.

“In a season where we achieved historic milestones on the field, we also took a significant stride toward the club’s longstanding goal of achieving greater sustainability and reducing reliance on Tony Bloom’s exceptionally generous investment.”

For the first time, Brighton have made a “substantial repayment” to Bloom, reducing the balance on his interest-free loan, provided in 2007, to £373.3 million from £406.5 million.

These record-breaking figures for Brighton arrive at a time when several Premier League counterparts are grappling with sanctions for violating regulations by incurring substantial financial losses.

Everton faced a 10-point deduction, later reduced to six points on appeal, after reporting losses of £125 million over three years until 2021-22.

On Easter Monday, Everton revealed financial losses of £89.1 million for the 2022-23 season.

Nottingham Forest, the second Premier League side of the season to incur a points deduction (four points), which they are appealing, due to their losses exceeding the threshold by a whopping £34.5 million in the 2022-23 season.

Meanwhile, Leicester City, relegated to the Championship last season, have been accused by the Premier League of allegedly breaching spending rules during their last three seasons in the top flight.

Get Football | Alex Roberts

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