Discover and read the best of Twitter Threads about #Boro
Most recents (2)
Parachute payments are made to clubs relegated from the Premier League in order to soften the blow of the significant reduction in revenue in the Championship, especially as many players’ wages remain at a high level. The following thread looks at how these payments work.
Middlesbrough’s 2016/17 financial results covered their first season back in the Premier League since 2008/09, but it ended in disappointment with relegation to the Championship and the dismissal of manager Aitor Karanka in March. Some thoughts in the following thread #Boro
Following promotion to Premier League #Boro converted pre-tax £32.0m loss to £6.9m profit, as revenue increased by £100m to a record £121m and profit on player sales was up £7m to £11m. After tax, profit was £11.5m, compared to £25.9m loss in 15/16, thanks to a £4.6m tax credit. 
#Boro £100m revenue growth was very largely driven by broadcasting’s £95m increase to £102m, due to the much higher money in the Premier League (plus first year on new deal), while commercial also increased £3.1m (39%) to £11.1 m and gate receipts were £1.4m (20%) up at £8.7m.
