Football finance expert Kieran Maguire has examined Portsmouth’s accounts more closely after the Blues filed their 2023 figures.
The main takeaway is that the club remains debt-free under Michael Eisner’s and his family’s stewardship despite making a £3million loss after depreciation and amortisation.
Other key points included a net assets position of £23million, with £6.7million pent on the stadium, training ground, and gym infrastructure.
Furthermore, another £7million was drawn down to March 2024, which the Eisners intend to convert into additional share capital.
Maguire has examined Pompey’s revenue, which has risen despite suffering a TV money blow.
Portsmouth’s revenue detailed by football finance expert
Taking to X, Maguire highlighted that the Blues’ revenue has risen to £ 12.5 million, a 5% increase from 2022.
Furthermore, he highlighted how the Blues’ revenue has increased despite a £400,000 TV money blow.
According to the BBC, the League One leader’s revenue increase during the 2022/23 period was due to ticket income and hospitality packages, which Eisner is desperate to improve at Fratton Park.
Why does Michael Eisner want to improve Portsmouth’s North Stand?
The North Stand has always been the American’s aim. If Pompey’s largest stand can be redeveloped, commercial revenue will increase; it’s a simple equation.
However, the stand cannot be increased until the surrounding areas are ready to cope with larger crowds, which is why Eisner insists on building a bridge from Fratton Station.
Pompey’s owner told The News in 2023: “We’ll do it (build the North Stand) when the environment tells us to. It could be well before the Premier League.
“I don’t know when we will be in the Premier League, but it really relates to the bridge, to the pressure on us for more seats for the fans.”
The club’s National Rail roadblock must be cleared before any Premier League ambitions can truly be recognised.