Hull City reduce debt and make profit

HULL CITY have announced their latest yearly accounts, which have revealed that the club made a pre-tax profit of £23.7m for the 2017-18 financial year.

Hull City have revealed their annual accounts

The figures also revealed that the club’s net debt has been reduced from £81.3m to 63m, with staff costs decreasing by almost a half from £61.25m to £31.1m.

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Meanwhile, the Tigers’ turnover fell by just over a half from £116.9m in 2016-17 to £55.7m in the last financial year, according to the accounts.