Hull City accounts show losses rising to £41.7m

Hull City have seen their underlying losses rise to £41.7m over the last year, according to newly published financial accounts.

The figures for the year up to 30 June 2025 showed income rose by more than £4.5m to £25,821,819, boosted by a £3m rise in TV and related revenue.

However, the wage bill at the MKM Stadium went up by almost 25% from £29.5m to £36.7m.

The Championship side saw its annual loss over the season drop from more than £18m to just over £10m.

Other figures from the accounts filed with Companies House on Tuesday show the Tigers made £36.6m from the sale of players, with £30.3m spent on new arrivals.

The document also reveals the Tigers could potentially earn up to £4.2m in bonuses in sell-on clauses related to players who have left the club.

The club, which is under a transfer embargo until January 2027, is currently fourth in the Championship in one of the promotion play-off places.

Kieran Maguire, associate professor of football finance at the University of Liverpool, said that Hull City was "no better or worse than other clubs".

"We are seeing substantial losses in all clubs in the Championship," he said.

"Average loses in 2024 were around £400,000 a week, so it's a very expensive hobby."

Mr Maguire, who hosts The Price of Football podcast, said Tigers chairman Acun Ilicali, was "ambitious like most owners" in pushing for promotion to the riches of the top tier.

"In terms of television income in the English Football League it is about £11m compared with the Premier League figure of around £125m," he said.

The BBC has approached Hull City for a response.

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