The South Stand entrance at Portsmouth's Fratton Park
The South Stand entrance at Portsmouth's Fratton Park
Finance

Portsmouth take £5.6m hit as accounts published for 2023-24

Dan Godfrey
Dan Godfrey

Dan is a sports writer and broadcaster, who wrote for Breaking Media Limited's club sites including Pompey News between May 2024 and May 2025. Graduating from the University of Huddersfield in 2018 with First Class Honours in Sports Journalism, Dan has worked with several EFL clubs, as well as with BBC Radio, talkSPORT and TNT Sports. He previously resided in Sydney, Australia, where he continued his career as a freelancer in various sports. Dan was born and raised in Portsmouth, comes from a Pompey-supporting family, and was in attendance at both of the club's FA Cup finals in 2008 and 2010.

Published on: 

Portsmouth have announced an overall loss of £5.6million for the financial year ending 30 June 2024.

The financial hit, confirmed via the club's official website [30 December], was expected with the outgoings that came with promotion to the Championship, including infrastructure investment, player and staff bonuses and non-recurring transfer fees.

The key points of the accounts revelation illustrated that £5.4million was spent between 2023 and the summer of 2024 on stadium, training ground and gym improvements.

Portsmouth reveal financial details

It is a different world financially contending in the Championship, whether it be on the pitch or off it.

The Eisners have attempted to create a sustainable future environment for Pompey away from the field for years to come, though in the immediate sense this has come at a cost of the playing squad.

January is a huge month in the transfer market for potential Championship survival as a lot of the infrastructure investment is futile for a period of time if the club were to drop back into League One.

Academy investment is also on the agenda for a lot of supporters, something the hierarchy have reasoned against in favour of other immediate concerns.

Pompey Supporters' Trust have acknowledged [PST website, 30 December] that the club will be suffering a "hangover" in the Championship with the numbers demanded at the new level, and it remains to be seen how the Blues will go on to fare in the coming months into next summer.

In other Portsmouth news, Don Goodman urges the club to act in the transfer window.

For more Portsmouth news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.

Portsmouth
www.theportsmouthnews.com