Walsall 2023/24 financial accounts analysed as club make £1.783 million loss
Walsall have released their financial accounts for the year ending May 2024, reporting a £1.783 million loss during their first full year under Trivela's ownership.
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Co-chairman Ben Boycott issued a video statement following the release of the latest club accounts, outlining the reasons behind the significant loss.
Here, we unpick the key talking points, analysing what it will mean for Walsall both in the short-term and long-term future.
What are the headline figures?
The most eye-catching figure is of course the reported loss of £1.783 million, compared to a profit of £11,000 in the previous year.
Revenue has also dropped from £7.615 million to £6.7 million - a decrease of 12 per cent.
Why is Ben Boycott positive about the future despite the loss?
Boycott issued an address to the supporters once the accounts had been released and spoke in optimistic tone about the scope for "future growth" at Walsall.
While the numbers might look large in nature, Trivela have invested in a variety of areas which are likely to benefit Walsall in the long-term future.
