Premier League clubs report £948m pre-tax losses for 2024/25

Premier League clubs saw their combined pre-tax losses soar to £948 million for the 2024/25 season, a dramatic increase from £135 million the previous year, according to a major financial review published on July 8, 2026. The findings, detailed in the 35th Annual Review of Football Finance by accountancy firm Deloitte, reveal a stark financial deterioration even as the league's revenue reached a record £6.8 billion.

The report attributes the sharp rise in losses, which represents an increase of over 600 percent, primarily to heavy transfer spending and the absence of significant one-off player sale profits that had bolstered the previous season's accounts. Despite the record revenue, which grew by eight percent and included matchday income surpassing £1 billion for the first time, club spending grew at an even faster rate. The combined net debt of Premier League clubs also increased slightly, from £3.5 billion to £3.6 billion.

The financial strain extends beyond the top flight. In the Championship, clubs' pre-tax losses grew by 12 percent to £355 million, with only three of the 24 clubs reporting a profit. Revenue in the second tier fell by two percent to £942 million, marking...