Tangerines in the black despite relegation
Blackpool FC has released its first annual figures since relegation from the Premier League, and whilst turnover fell as expected, the club still registered a healthy £15.5m pre-tax profit.The Seasiders played one season in the football league's highest tier before being relegated back to the Championship. In its Premier League season, revenues were £51.7m, and this fell to £29.1m last year.
However, pre-tax profits dipped less severely, from £20.3m to £15.5m. Funds were bolstered by a good run in the FA Cup and the sale of Charlie Adam to Liverpool, but the club says the figures were positive and that it doesn't consider the relegation as a threat. Relegation can take a serious toll on football clubs and even the largest sides are not immune from the pressures to spend. Liverpool FC, by comparison, recently announced an annual loss in excess of £40m.