Oxford United are pleased to release the club’s financial information for the year ended 30th June 2021, with accounts filed this morning.
Because of Covid-19 and Lockdown and the difficulties this created for all sports clubs 2020/2021 was a challenging period and we were no different to most other football clubs.
We achieved a play-off finish on the pitch, losing to Blackpool in the semi-final, but with no fans at games it was a season like no other and we thank supporters for their continued support, albeit from afar, throughout the year.
Our profit in 2020 was £1,493,649 but this turned into a loss of £3,788,410 in 2021. The club are grateful to fans who have returned in record numbers this season, and to our Shareholders in funding our losses during an unprecedented and very difficult year.
The loss was as expected given the timing of player sales. In 2020 we sold Gavin Whyte, Shandon Baptiste, and Tariq Fosu, and made a profit on sales of £5.7m This was reduced to £1.8m in 2021 with the main sale being Rob Dickie to QPR.
We also in the year managed to pay off all third-party loans excluding shareholders, a £50k bounce back loan and a EFL loan of £180k.
Key profit and loss highlights were;
| 2021 | 2020 | |
| Turnover | £5,963k | £6,597k |
| Expenditure | £10,867 | £9,949k |
Turnover and costs were impacted by Covid, i.e., no match tickets/matchday sales/lower retail. We did however receive a one off grant from the Premier League. Our playing bill increased thanks to support by our shareholders and we invested in our staff across all areas of the business.