Peterborough United chairman Darragh MacAnthony has assured fans that the club remains in a strong financial position, despite recording a £2.3 million loss for the financial year ending June 2024. This figure represents an improvement of £1.2 million compared to the previous year.

While the club's accounts indicate a £16 million debt, MacAnthony insists the situation is far from alarming.

Financial Stability and Debt Management

Speaking on his Hard Truth podcast, MacAnthony explained:

“Six million of that debt is mine, and it’s unsecured, which means the club cannot be held liable for it. The amount is also steadily decreasing.

“Rest assured, I am managing everything carefully. There are structured payment plans in place, and no one is demanding immediate repayment.”

Despite the reported losses, MacAnthony emphasised that Peterborough’s squad value exceeds £30 million, highlighting the club’s strong player assets.

“I have underestimated player valuations before. I once valued Ephron Mason-Clark at £2 million, and he sold for more. The same happened with Harrison Burrows, whom I also valued at £2 million.”

Furthermore, the transfer fees of Burrows and Ronnie Edwards are not reflected in the latest financial accounts, potentially strengthening the club’s future position.

Promotion-Linked Bonuses Could Provide a Financial Boost

Peterborough could receive a £1 million financial boost if Sheffield United and Coventry City achieve promotion this season, thanks to add-on clauses included in previous player sales.

Burrows is currently playing a key role for Championship leaders Sheffield United, while Mason-Clark is contributing to Coventry City, who sit in fifth place.

MacAnthony remains focused on reducing the club’s debt to £5 million within three years while maintaining squad strength.

“We could clear the debt tomorrow, but we wouldn’t have a team—it’s about balance. Football is a business that spends money but also loses money. I’ve seen a League Two club lose £9 million last year and a non-league side lose £3.5 million.”

Financial Challenges Across the Football League

MacAnthony’s comments come amid broader financial struggles within the Football League. Fleetwood Town, for example, lost £9.3 million in the 2023–24 season, bringing their total liabilities to over £40 million.

Despite the financial difficulties seen across the league, Peterborough United appear to be navigating their challenges strategically, with future player sales and potential promotion-related bonuses providing a safety net for financial stability.