ClubsClubs
Every season on file · EUR · operating profit before player trading
Printed revenue streams, as a share of the total
From the printed income statement. Costs take away, totals stand on zero.
Each step is the change in one printed revenue stream; the ends are the printed totals.
In EUR at each year's ECB rate, so part of each change can be the exchange rate.
Calc marks a figure worked out from printed lines
1st is always the better end: lowest for wages, player costs and net debt. In EUR at ECB rates.
Scanned filing; every value read by OCR (confidence 0.8). Clean RSM opinion on page 16. EBIT is the printed "operating loss before profit on disposal of players' and staff registrations, subsidiary and tangible fixed assets" (-109,427). The statutory "operating profit" below it (43,581) adds 19,875 profit on player and staff registrations, 4,158 profit on selling Newcastle United Football Club Projects Ltd and 128,975 profit on the sale and leaseback of St James' Park leasehold improvements, both sold in June 2025 to PZ Holdings Ltd, a fellow subsidiary of PZ Newco (premium 172.1m, subject to Premier League fair-value review). Those disposal gains explain the PL-003 warning. Tax line is blank (nil) and recorded as 0. No UEFA revenue in 2024/25.
Wages are all staff costs, not only the players.