Boro's accounts reveal £11.4m loss last season
Middlesbrough are in their ninth consecutive season in the second tier
- Published
Middlesbrough have revealed they lost £11.4m in the 12 months up to 30 June 2025, in the club's latest set of accounts.
However, that represents a slight improvement, having posted losses of £12.4m for the previous 12-month period.
Boro reported an annual turnover of £32.5m but that was dwarfed by the club's wage costs of £36.4m - a spend of 112%.
The accounts also state that the Teesside club remains heavily reliant on chairman Steve Gibson for continued financial support.
Last season, Boro finished 10th in the Championship after a poor second half of the season, which ultimately resulted in the departure of head coach Michael Carrick.
The biggest increase in turnover came from the new TV broadcasting deal for the 2024-25 season, which went from £9.7m to £12.2m.
However, staff costs rose at a more significant rate, going from £31.4m in 2023-24 to last season's figure of £36.4, a 16% year-on-year increase.
They generated £26.4m in player transfers, largely thanks to the £20m sale of striker Emmanuel Latte Lath to MLS side Atlanta United. In return, they spent £22.6m on incoming players - notably forward Tommy Conway from Bristol City and Morgan Whittaker from Plymouth Argyle.
This season saw Carrick's replacement Rob Edwards go to Wolves in November, but under his Swedish successor Kim Hellberg, Boro are second with 12 games to go, four points ahead of Millwall as they chase a Premier League place for the first time since 2017.
And it is that goal which underpins the whole club as the directors stated in the accounts: "The club continues to compete in the EFL Championship in the 2025-26 season.
"It will continue to keep control of operating costs and make as much income as possible available to invest in the football team. The club will continue to strive for progression and promotion to the Premier League."
