Bolton Wanderers reported increased revenues and increased shareholder investment in the financial year ending June 2022 as the club consolidated its status in League One.
The Whites (through parent company Football Ventures (Whites) Limited) saw revenue increase from £6.2m to £13.8m as fans were able to return to matches following the lifting of Covid-19 restrictions, with the club also able to increase its commercial activity.
Although operating losses were up from £0.5m in the previous 12 months to £5.7m, this was due to increased focus on investment in the first team squad and stadium improvements.
The financial year ending June 2022 also saw the conversion of shareholder and other loans of £12.5m into equity, thus reducing debt and significantly strengthening the balance sheet.
Sharon Brittan, Chairman of Bolton Wanderers said: “The team consolidated our position in League One during the 2021/22 season and, with continued activity in the transfer market and a stabilised financial position, we have satisfied our objective to compete at the top end of League One.
“We look forward with confidence to the remaining games this season, following a memorable victory in the Papa Johns Trophy Final at Wembley.”
Sharon again thanked fans and the Bolton business community for their amazing and continued support, acknowledging the over 14,000 season ticket holders the club now has – and a season that has seen the highest attendance for a fixture at the University of Bolton Stadium in over 10 years, as 25,428 attended the Wanderers v Derby County game on 27th December 2022.
Sharon also confirms that progressing through the 2022/23 season, shareholder commitment is in place and support is committed into 2023/24 and beyond with a record-breaking five-year stadium naming rights deal in place with Bolton-based business, Toughsheet.
The 2021/22 accounts can be found here.
ENDS