BarnsleyFC 2017/18 financial results covered “an eventful, emotional but ultimately disappointing campaign” which ended in relegation from the Championship to League One after the mid-season departure of head coach Paul Heckingbottom to Leeds United. Some thoughts follow.
In December 2017 the Cryne family sold 80% of BarnsleyFC to a group of international investors, led by Chien Lee of NewCity Capital and Paul Conway of Pacific Media Group. The former custodian, Patrick Cryne, tragically died in January, leaving his son, James, with a 20% stake.
BarnsleyFC went from a £12.8m profit the prior season to a small £0.2m loss in 2017/18, despite revenue rising £1.5m (12%) from £12.5m to £14.0m, as profit on player sales fell significantly by £10.0m to £3.5m and expenses increased by £4.6m to £17.7m.
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