Key highlights from Brentford’s financial report, year end 30 June 2024:
Football and operational
Finished 16th place in the Premier League, securing our place in the top-flight for the fourth consecutive year
During Euro 2024, Ivan Toney became the first Bees player to play for England at a major tournament
The club’s transfer record was broken on multiple occasions
Brentford Women enjoyed their most successful season to date in 2023/24, enjoying a Capital and Trophy Cup double, as well as a second-consecutive second-place finish in the London South East Division One North
In 2024, Brentford achieved Category 2 academy status, having previously operated at Category 4
In 2023, we successfully re-opened Wheatsheaf Park in Staines as the new home for our B team and under-18s fixtures
Financial
Club-record turnover of £166.5m (2023: £166.5m).
Operating loss before player trading was £29.2m (2023: profit of £4.4m)
Loss before taxation of £7.9m (2023: profit of £9.2m), including the profit on disposal of players which was £25.2m (2023: profit of £5.6m)
Cash deficit, including overdraft facility was £29.3m (2023: surplus of £15.0m)
Third-party debt is £29.8m (2023: £0.5m)
Brentford has announced the club’s financial results for the year end June 2024.
Results show that turnover remained consistent with last year at £166.5m (2023: £166.5m).
Broadcasting income remains one of the primary sources of revenue for the club with sponsorship income an important priority in the coming years.
The club recorded an operating loss before player trading of £29.2 million (2023: profit of £4.4m). This was primarily due to an increase in player wages, player amortisation and depreciation charges.
Brentford were able to benefit from player trading, bringing in £25.2m profit from the disposal of players (2023: £5.6m).
Club owner Matthew Benham’s total investment in the group on 30 June 2024, comprised of equity and loans, meanwhile remained at £104.4m (2023: £104.4m). This sum includes £22.8m (2023: £22.8m) of loans specifically in relation to the stadium project.
Cliff Crown, chair of Brentford, said: “Our third season in the Premier League demonstrated the collective efforts of everyone involved at the club. While the team faced challenges on the pitch, the commitment and resilience of our players, staff, and supporters remained strong.
“We continued to make strides, with our owner Matthew Benham, the board of directors, and our dedicated staff driving progress. Our fans and partners have provided important support throughout the season, reinforcing our ambition for continued growth and success in the Premier League.
"Our third season in the Premier League demonstrated the collective efforts of everyone involved at the club"
“Our financial results reflect a combination of significant investment across the club and a lower finishing position in the Premier League after a tough year hampered by player injuries.
“We invested heavily in the playing squad, our academy, facilities and staffing in order to compete on the field and lay the foundations for the future."