Hillsborough

Next Game

Sheff Wed v Wigan

Saturday, 29 November 2014, 15:00

Sky Bet Ch'ship

DW Stadium

Last Game

Wigan 1 - 1 M'boro

Saturday, 22 November 2014, 15:00

Sky Bet Ch'ship

Wigan reveal drop in profits

Wigan have revealed a drop in profits of almost £3.5m for last season.

Last Updated: 31/12/13 at 12:28 Post Comment

DW Stadium: Wigan have announced a drop in profits following relegation

DW Stadium: Wigan have announced a drop in profits following relegation

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Financial results for the year ending 31 May 2013 show the Championship side made a net profit of £822,000 compared with £4.3m net profit in 2012.

The figures cover the season 2012-13 when Latics won the FA Cup for the first time in its history but were relegated from the Premier League in the same week.

EBITDA (earnings before interest, tax, depreciation and amortisation of players) was £5.8m compared with £8.9m in the previous year.

Turnover increased to £56.4m compared to £52.6m in 2012.

Total expenses including salary costs and amortisation of player contracts increased to £62.7m from £55m in the previous year. Salary costs were the most significant expenditure and these increased to £43.7m compared to the previous year cost of £37.7m.

During the year the club invested £10.9m on new players whilst profit from the sale of players was £8.2m primarily due to the sale of Victor Moses to Chelsea.

Debt at 31 May 2013 including bank borrowings and loans from chairman David Whelan and his family remained similar to the previous year at £20.7m. Post year-end transfer activity including the outgoing transfers of James McCarthy and Arouna Kone are not reflected in these financial statements.

Chief executive Jonathan Jackson said: "The financial results are satisfactory against the backdrop of relegation from the Premier League and the memorable FA Cup success. By increasing turnover and controlling costs the club is continuing to report a healthy position in respect of profitability and debt.

"Our eighth year in the top division unfortunately saw us relegated after finishing in 18th position however the historic achievement of winning the FA Cup meant that the financial impact of relegation was softened in the year.

"The growth and success of Wigan Athletic would not have been possible without the continued financial support of chairman, David Whelan who remains an enthusiastic and committed owner and is determined to help his club return to the Premier League as soon as possible.

"However, it is essential that we remain financially sound to ensure that the long-term future of the club is secure and that the parachute payments receivable from the Premier League provide adequate protection from the significant reduction in broadcasting income and enable us to comply with recently introduced financial fair play regulations."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

sn'tthis strange. Last season we were worried that we were stuck with a Dinosaur in Moyes while Liverpool and Everton were disappearing into the distance with their young, spritely managerts, playing football from heaven. Progressive managers, they said. Managers who understand the modern game.........

HarryBoulton
Rodgers: The pressure's on

B

eing consistently and unrelentingly dog turd really takes it out of you. Try shadow boxing. That's what it's like watching Liverpool, punching thin air.

sinbadsdad
Neville: Reds need a rest

G

ood list, some crackers in there. For me, I'd have had Steve McManaman for Liverpool away at Celtic in the UEFA cup in 1997. I was in the ground that night and everyone kept screaming at him to make a pass, but he just kept going and going and going...brilliant, and in the dying minutes too.

uncle-muller
F365's Top Ten Counter-Attacking Goals

Footer 365

Champions League: Arsenal beat Borussia Dortmund to qualify for last 16

Arsenal beat Borussia Dortmund 2-0 at the Emirates to qualify for the knockout phase of the Champions League.

Champions League: Real Madrid and Atletico Madrid both victorious, Monaco win at Leverkusen

Real Madrid won 1-0 at Basel to stay perfect in the Champions League, while Atletico and Monaco also claimed victories.

Champions League: Liverpool share points with 2-2 draw at Ludogorets in Group B

Liverpool drew 2-2 away to Ludogorets to keep their Champions League dream alive with one game left in Group B.

Mail Box

Mails: Quit Massaging Mourinho's Ego

That's the message from the afternoon mailbox after it was claimed that the Chelsea boss has transformed Cesc Fabregas into a complete player. Plus, more on Arsenal...

F365: Saving You From Bad Relationships

A cracking Mailbox, with thoughts on Chelsea, Willian, Jurgen Klopp, Brendan Rodgers and Aguero. Plus how Football365 saved one man from an unhappy relationship...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property