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Brighton Make £123m Record Profit After Best Premier League Season

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Premier League club, Brighton and Hove Albion have announced a record profit of £122.8 million in the 2023/24 financial year, which was the most successful season in the club’s history.

The Seaguils finished 6th in the 2023–24 Premier League season, reached the FA Cup semi-finals, and earned immensely from transfer fees for several key players, such as Moises Caicedo and Robert Sanchez to Chelsea, Alexis Mac Allister to Liverpool, amongst others.

An overview of the club’s financial records shows that profit after tax increased annually by almost £100m from £24.1m, with turnover going up by 17.2% to a record £204.5m.

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The figures can help make “significant progress” on the pitch, the club said.

“These accounts will of course catch the eye because of the headline number,” Brighton chief executive Paul Barber said.

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“In a season when we made history on the pitch, we took a huge step forward in terms of the club’s long-held aim of becoming more sustainable and less reliant on [Brighton owner] Tony Bloom’s incredibly generous levels of investment.”

Brighton owner Tony Bloom took over the club in 2009, when they were playing in League One.

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Barber added that Brighton have made a “substantial repayment” to Bloom for the first time.

This means the club reduced the balance on Bloom’s interest-free loan, given in 2007, to £373.3m from £406.5m.

Brighton’s record figures come at a time when several of their Premier League rivals, such as Nottingham Forest, Everton, and Championship side Leicester City, are facing sanctions for breaching rules by incurring heavy financial losses.

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EPL: Why I Won’t Stay One More Year At Man Utd – Casemiro

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Manchester United midfielder, Casemiro, has explained why he won’t stay one more year at the club.

The 34-year-old is set to leave Old Trafford at the end of the current season.

The Brazilian, however, had been urged by the club’s fans to extend his contract by one more year due to his brilliant display for Michael Carrick’s side this term.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Speaking on the development, Casemiro told ESPN Brasil, “There is no chance [for me to stay one more year].

“It is leaving through the front door. It has been four wonderful years, and I am eternally grateful not only to the club but to the fans.

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“I think it is over. The cycle has ended here. I am moving on to a new chapter in my career.”

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EPL: Rooney Names Team To Win Title

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Former Manchester United striker, Wayne Rooney, has said Arsenal will go on to win the Premier League title, after Manchester City dropped points against Everton.

City were held to a 3-3 draw at the Hill Dickinson Stadium on Monday night.

The result means Pep Guardiola’s men are now five points behind Arsenal, but they have one game in hand.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Rooney believes the Gunners will beat West Ham this weekend and go on to be champions.

He said on BBC Sport: “No, I’m concerned for West Ham. I just think Arsenal are efficient and professional.

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“I just think they will win every game. So obviously, with the result tonight, that means they will win the league.”

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UCL, EPL: Petr Cech Advises Chelsea On How To Win Trophies

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Chelsea legend, Petr Cech, has advised his old club on how to win the UEFA Champions League or the English Premier League.

Chelsea are already out of the Premier League title race this season, and they are at risk of missing out on UEFA Champions League qualification for next season because they are currently not in the ninth position on the Premier League table.

Speaking to The Athletic about Chelsea, Cech said that the Blues need to change their philosophy of signing only young players if they want to win the Premier League or Champions League.

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READ ALSO:EPL: Guardiola Reveals Only Chance Man City Will Win Title Ahead Of Arsenal

According to the former goalkeeper, the Premier League west London club needs to add experienced players to mentor the young players in the squad.

“You have to look at what you want to achieve. You can have young, talented players, and you can win, but it’s very rare that you manage to do that,” he said.

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If you want to win every season and compete every season, that does not go together.

READ ALSO:EPL: Arsenal In Shock Move To Sign Kvaratskhelia From PSG

You have to change your philosophy. Certain things don’t go together because, in order to win a Champions League or a Premier League… these are really tough competitions, and you have to be consistent.

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“You need to have a strong core of the team. And then you can bring young, talented players who will grow faster and then will be held by the experienced players to help navigate them through difficult times when they come.”

Currently, Chelsea have just one player, Tosin Adarabioyo, who is over 28 this season, and the defender has not been playing regularly.

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