Imps’ score £8.5m income total for first time
A turnover of £8.5m was recorded by Lincoln City FC in the 2024/25 season.
That was up by almost 22 per cent on the previous campaign and passed the £8m mark for the first time.
The figures were revealed in the club’s accounts and annual report, which were released this week.
The new EFL domestic broadcast arrangements with Sky Sports brought in almost £500,000, which after offsetting the loss in domestic digital sales, meant the deal brought in £350,000. Commercial income again increased by a double-digit percentage while retail and hospitality income were marginally higher than the previous season.
Player trading profits were over £500,000, which primarily comprised the guaranteed and contingent appearance fees from Millwall from the sale of goalkeeper Lukas Jensen in July 2024.
Football Fortune and miscellaneous income increased by more than £200k largely due to more prize money from getting further in the FA Cup and EFL Trophy. Player loan fees received were also higher.
The cost of additional player and management registrations during the financial year amounted to £500,000 comprising fees for the signings of Rob Street, JJ McKiernan, George Wickens, Dom Jefferies and Erik Ring as well as some minor contingents for players signed previously.
Capital expenditure during the financial year amounted to £800,000 including £500,000 at the LNER Stadium and just over £200,000 at the Elite Performance Centre.
The loss for the financial year was marginally lower than the previous year at £2.9 million and in line with projections. Administrative expenses increased by 13%.
Key takeaways:
- Turnover £8.5M up by 21.5%
- Matchday income up by 21%
- Gate receipts up by 5%
- Average attendance up by 7%
- Commercial hospitality and retail up by 9%
- Football Fortune and other income up by 56%
Picture: Vaughan Photography