Fulham Finances 2021/22
Take Me To The River
Fulham’s financial results for 2021/22 cover a season when they finished as champions of the EFL Championship, thus securing promotion to the Premier League just one year after they were relegated. This is the second time in three seasons that Fulham have managed to immediately bounce back to the top flight after relegation.
The team was guided by Marco Silva, who replaced Scot Parker as head coach in July 2021 after Parker had left by mutual consent.
Fulham’s pre-tax loss reduced from £94m to £57m, despite revenue dropping £44m (38%) from £116m to £72m following relegation from the Championship, partly offset by profit from player sales increasing from just £146k to £12.5m.
The improvement was because operating expenses were cut by a third (£69m) from £210m to £141m.
The main driver of Fulham’s £44m revenue decrease was broadcasting, which more than halved in the Championship from £105m to £51m.
The other revenue streams actually increased. The return of fans to the stadium after COVID restrictions were lifted meant an increase in match day from just £231k to £6.8m, while commercial rose £3m (27%) from £11m to £14m.
Fulham compensated for lower revenue with steep reductions in staff costs. The wage bill was cut by £24m (21%) from £114m to £90m, while player amortisation decreased by £25m (45%) from £56m to £31m. In addition, there was no repeat of the previous year’s £21m player impairment.
Other expenses rose £1m (6%) from £17m to £18m, due to the higher cost of staging games with fans, partly offset by lower expenses in the Championship.