Huddersfield Town announce major financial loss for the second year running

The period covers the 2024-25 season, up to the year ending June 30, 2025.

The results followed a significant loss of £15million in the previous 2023-24 campaign when the club were relegated to the third tier.

Revenue fell 41 per cent to £18.16m from the 23-4 figure of £10.63m.

Money spent on wages dropped to £16,9m from the previous year’s outlay of £23m, but wages still made up for a colossal 159 per cent of the club’s revenue.

The club’s year-end net debt balance stood at £82.6m – the previous year’s figure was £66.4m. It was offset by cash balances of £3.23m.

Town registered a net profit from the sale of player registrations of £1.6m, down from the previous year’s figure of £4.4m.

Town owner Kevin Nagle has pumped tens of millions into the club since taking over in the summer of 2023 and the latest figures again convey the extent of the investment of the US entrepreneur.

Speaking last month, Nagle alluded to that very fact, while reaffirming his own commitment.

He said: “I'll give people a little bit of an idea on investment into the team and the organisation at large.

"I've spent tens and tens and tens and tens and tens and tens and tens - keep going - of million pounds investing in the organisation so far and taking zero out of it."

On the club's overall position – and addressing agitated supporters - he continued: "I don't know what the exact number is, but there's a substantial number of League One teams that are financially distressed and up for sale.

"That is a shocking number that I heard. And it was bothersome.

"And I don't know how many Championship teams are as well. But what I'm saying is it takes a little bit of investment and time and discipline and frustration. And actually, I would say maybe thankfulness.

"We've got a team that's in really solid shape. We're not in the worst position. Everyone's moving together. Everyone's aligned. Give us the benefit of the doubt.

"Because I think by and large, your team is a really pretty solid shape compared to those other teams that I referenced that might be up for sale."

It was also recently announced that Town (£1.5m) were the third highest payers in League One behind Luton Town (£3.3m) and Cardiff City (£1.7m) in the latest set of agents fees revealed by the Football Association.

It covered payments made by clubs to agents registered with the FA involving a player, coach or club - including transfers and contracts - between February 2025 and February 2026.

Town, Luton and Cardiff made up almost half of the £14m divisional total in League One, with agents fee soaring in the division by a massive 85 per cent.

Town, who have an outside chance of making the League One play-offs still, host Wycombe on Saturday.