Sunderland AFC Limited has filed its annual accounts for the year ending 31 July 2020, a 12-month period significantly impacted by the Covid-19 pandemic.
The figures included within the report cover the period from 01 August 2019 through to 31 July 2020.
During this period, which featured an eighth-place finish in a curtailed League One season, the club had a turnover of £29.2 million.
This represents a decrease of £29.5 million on the 2018-19 figures and shows an operating loss, prior to player trading, of £5.8 million.
This reduction in turnover arose from a combination of factors, including the cessation of Premier League parachute payments and the unprecedented impact of the Covid-19 pandemic, which resulted in wide-ranging losses to matchday and non-matchday revenues.
Player trading in this period generated a profit of £3.4 million.
Chief Operating Officer Steve Davison said: “Although Sunderland AFC was under a previous ownership group during the financial timeline detailed, the report begins to demonstrate the financial implications of the pandemic and its significant impact to all key revenue streams. Throughout the 2019-20 financial year we faced a period of rapidly-changing circumstances, but managed our costs effectively in order to navigate our way through this unprecedented time. Looking forward to next season, irrespective of our league status, our executive team has implemented strong foundations to achieve long-term and sustainable success.”
The full accounts can be accessed by clicking here.