Birmingham City FC accounts for 2022-23 released - here's what they show for the club
Birmingham City have released their 2022-23 accounts via Companies House
Birmingham City’s financial accounts for 2022-23 show that the club posted a pre-tax loss of £25.3 million from the year to June 30, 2023.
This makes for an increase of £304,000 on the previous year. So, pre-tax losses widened at the club - that’s despite an increase in revenue during the financial year before the club’s takeover from Knighthead Capital Management LLC. The new accounts show that the Amercian owners will also inject £58 million into the club by 2025.
Blues generated revenues of £18.9m in the year to 30 June 2023, an increase from £17.5m in 2022. But, the pre-tax losses went up slightly from £24.8m to £25.3m. The club’s average attendance levels also rose slightly from 16,152 to 16,758.
Elsewhere, the accounts show that commercial income, including sponsorship and merchansdise rose by £1.4 million to £6.9 million, and broadcasting also rose from £8.3 million to £9 million.
The accounts show the final period of the club before they were take over by Knighthead in 2023. It was unveiled ahead of the final game of the 2022/23 season that a takeover from Birmingham Sports Holdings Ltd (BSHL) had been agreed.