Brighton have announced they have made a record profit for an English club in their annual accounts.
In a historic season for the Seagulls, Brighton’s accounts for 2022/23 saw them climb further than ever as they recorded an after-tax profit of £122.8m.
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The Seagulls finished sixth in the Premier League last season, seeing them enter Europe for the first time in their history, and reached the semi-finals of the FA Cup.
This includes a turnover of £204.5m, the highest in Brighton’s history and up 17.2% on 2021/22, where they made £174.5m sterling.
As well as brilliantly on the pitch, Brighton have been equally impressive in the transfer market where they have made big fees on players such as Marc Cucurella, Alexis Mac Allister and Yves Bissouma.
They also received compensation for Graham Potter from Chelsea, but their £115 million move for Moises Caicedo and their £30 million move for Robert Sanchez were not included as they arrived too late for the deadline 2022/23 (June 30).
Vice Chairman and Managing Director Paul Barber said: “These accounts will of course attract attention, because of the headline-grabbing figure.
“In a season where we made history on the pitch, we took a big step forward in the club’s long-standing goal of becoming more sustainable and less reliant on incredibly generous investment levels by Tony Bloom.
“For the first time since Tony provided his first interest-bearing loan to the club in 2007, we have been able to make a substantial repayment to him, reducing the loan balance from £406.5m to £373.3m .
“Our profitability also means we can further improve our infrastructure with a significant multi-million pound investment in a new external supporters zone which, subject to planning, will be completed in summer 2024.
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“We now have a very strong platform to continue to make significant progress on the pitch, by investing in our team, and off the pitch by making the match day experience even more enjoyable for our supporters, which we believe will help us continue to grow.
“The dream is to fight regularly for a European place and for silverware.
“We are very proud of Roberto, the work he and his team have done, and of course the level of performance of our team.
“As always, we are extremely grateful to Tony Bloom for his clear vision, world-class ownership of our club and continued financial support.
“Equally, we are extremely fortunate to have a top quality board, who provide us with great stability and guidance, and high caliber staff in all areas of the club.
“Once again, on behalf of everyone connected with the club, I would like to thank Tony for his incredible and continued commitment.”
Meanwhile, Barber signed a contract extending his stay at Amex Stadium until 2030.
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