Portsmouth accounts show overall loss of £5.6m

The Eisner family have invested a total of £37m into Portsmouth since 2017

Portsmouth's financial accounts for the year ended June 2024 show an overall loss of £5.6m.

The club said that the loss before interest, taxes, depreciation and amortisation amounts to £3.8m.

The Blues' overall losses are up by £2.6m compared to last year, which they put down to non-recurring transfer fees and bonus payments to players and staff triggered by promotion to the Championship.

Pompey were promoted to the second tier at the end of last season after they won the League One title.

The club said that during the year, £5.4m was spent on new investment in Fratton Park, their training ground and gym infrastructure.

And as of June 2024, the Eisner family, who own the club, have now invested a total of £37m since they acquired Portsmouth back in 2017.

You can read about Portsmouth's accounts in full by clicking here.

Analysis - near-impossible to be sustainable and competitive

BBC Radio Solent's Portsmouth commentator Andrew Moon:

There were no huge surprises in these accounts.

Turnover increased but the wage bill went up by more, with some of that due to bonuses for promotion.

But these accounts highlight once again the near-impossibility of being sustainable and competitive on the pitch.

With a huge average crowd by League One standards, and a competitive but not a giant playing budget, Pompey still made a substantial loss.

Sustainable and competitive in the Championship? That's a pipe dream for any club until a more equitable flow of money down from the Premier League can be agreed or imposed.