Brentford FC release the club's financial results for 2023, the second season competing in the Premier League.

The accounts show a club-record turnover of £166.5m, in 2022 it was £140.9m, driven primarily by central income with broadcasting income at Premier League level consistently the highest of any league in the world.

Financial statements for the year under review show a group operating profit before player trading of £4.4m, less than 2022 where the profit was £25.1m.

Profit on player trading is at a similar level to the prior period as the focus for the club was to retain its players and continue to invest.

The profit for the year is a mix of player sales and contingent triggers in contracts on sales that were made in prior periods. 

Costs continued to increase significantly in the current year, with investment in the playing squad driving an increase in salary costs and an increase in player amortisation.

This resulted in the group producing a profit before tax in the year of £9.2m, less than 2022 where profit was £29.9m.

The Gtech Community Stadium was revalued on 30 June 2023, three years after it was originally opened, resulting in an increase in the asset value of £27.0m.

Matthew Benham's total investment in the group on 30 June 2023, comprised of equity and loans, remained at £104.4m.

This sum includes £22.8m of loans specifically in relation to the stadium project.

Cliff Crown, Brentford FC chairman said: "The 2022/23 season marked an exceptional period of growth for our club, highlighted by our ninth-placed finish in the Premier League.

"Our journey has been guided by a commitment to teamwork, continuous development and the dedication and unwavering support of our fans, players, staff, directors and our owner, Matthew Benham. I want to thank them all for the part that they have played and continue to play every day. 

"These financial results are pleasing but represent a significant decrease in profitability from the first season in the Premier League.

"Continued growth of all revenue streams is essential if the club is to continue to invest in the playing squad and in our facilities.

"As we reflect on the milestones of the past year, we eagerly look forward to building upon our successes in the years ahead."

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