on August 4, 2025, 9:26 pm, in reply to "It is really hard to get a handle on our 25/26 P&L forecast"
Thought the issue last time was that Moshiri financed it through general club borrowing so he could benefit from covid relief. Previous Message
If I use £200m as estimated 24/25 revenue (up from £187m 23/24) as a base:
Matchday capacity & price rise +10
Matchday premium gain +15
Matchday luxury gain (those 144 seats) +4
Assume some spend in ground gain +3
This would lift matchday from £19m in 23/24 & estimated £21m 24/25 to potentially £55m in 25/26.
TV gain (attraction of new ground) +5
Commercial/sponsorships +20 (quite aggressive year one estimate but really we should be pushing this far harder)
= +57m say £50-65m as a range
We will have £28m of stadium interest costs as an operating cost now in use (£350m debt at a touch below 8%) so a year on year net wage/amortisation increase of £22-37m would have us static year on year (though higher stadium operating costs will shave a couple of million off that).
If we improve league position, have a cup run etc. there is upside. My stretch target year one is £275m revenue which is still well off Newcastle and Villa let alone the rich 6. Sustained top 10 finishes and regular European football would obviously enable more growth in coming seasons. Previous Message
Looks like we could spend 150m +
Huge change
Responses