Revealed: Pompey’s financial figures

Nigel Atangana was sold to Leyton Orient
Nigel Atangana was sold to Leyton Orient
Pompey new-boy Louis Dennis. Picture: Joe Pepler

Non-league path’s helped Pompey new boy 

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Pompey have announced an operating profit of £85,951.

However, they recorded an overall loss of £492,214 for the year ending June 30, 2016.

The Blues today published their yearly accounts.

Turnover increased by £1.33m to £8.08m, which included a ticket sales rise of £1.3m to £4.87m, including cup receipts.

That helped earnings before interest, taxes, depreciation and amortisation to reap a profit of £85,951.

However, once they are taken into account, the result is an overall loss of £492,214 for the financial year.

That figure also includes depreciation charges for Fratton Park.

Crucially, Pompey totalled only £77,415 in player sales during that period, with the likes of Nigel Atangana sold to Leyton Orient and Academy youngster Jack Nolan to Reading.

In comparison, the previous year saw the sale of Jed Wallace to Wolves, bringing £695,732 into the club.

Last summer’s sales of Adam Webster and Adam Barton occurred after June 30, 2016, so are not included in the latest accounts.

The Blues collected £750,000 for Webster following his cash plus Matt Clarke move to Ipswich.

In addition, Adam Barton was sold to Partick Thistle in August for a fee in the region of £40,000.

Pompey did, however, collect £105,874 in loan fees for the likes of Matt Tubbs, Kal Naismith, James Dunne and Paul Jones.

Elsewhere, extra revenue generated from progress in cup competitions was used to recruit Caolan Lavery, Michael Smith and Marc McNulty on loan.

Wages and salaries of club employees rose from £4.7m to £4.95m, with 397 staff, including 63 office and football management.