Ipswich Town confirm huge financial news after Premier League relegation | OneFootball

It was the Tractor Boys' first time back in the top-flight since 2002

It’s been a rollercoaster few years for Kieran McKenna's Ipswich Town.

Having adapted well to life back in the Championship following relegation from the Premier League, the Tractor Boys currently sit third in the second tier, just two points off the automatic promotion places with a game in hand.

Looking back to last season, which was the club's first time back in the top-flight since 2002, Town gained plenty of plaudits for their fearless style of play under the Northern Irish manager.

Said campaign also laid the groundwork for the financial success now being reported at Portman Road.

Ipswich Town announce record-breaking financial news

The Suffolk-based outfit, as reported via The BBC, have now confirmed a remarkable financial update following their single season back in the Premier League, with turnover soaring to £155m for the 24/25 campaign.

This is an astonishing increase of £118m on the previous 12 months.

Ipswich also posted an operating profit of £4m for the year ending June 2025, compared to a loss of £39.3m during their 23/24 Championship season.

In their annual report, the club revealed that they had achieved “record revenues from all income streams,” reflecting both the financial power of the Premier League and Town’s ability to capitalise commercially on their return.

"The overall increases in revenue offset the increase in the cost base, resulting in the club achieving a profit in the period," the statement continued.

"Whilst this is welcomed, it is noted this was not the intention at the beginning of the season, and only resulted from the sale of playing assets and a reduction in performance-based bonuses versus budget."

It was also revealed that wage expenditure for the 24/25 campaign increased from £44.5m to £77.1m, and transfer fees for incomings totalled £112.8m.

In a separate development, it was revealed that Ipswich also spent over £11m on agent fees over the last 12 months, as per The FA.

What this financial update actually means for Ipswich Town

For Ipswich, these financial figures show the extent of their transformation since the Gamechanger 20 takeover brought new ambition to Portman Road.

The ability to actually maintain a profit despite an increase in player wages and overall spending shows the right financial structure is in place that could serve the Tractor Boys well for years to come.

After a somewhat rocky start this season, McKenna has rebuilt momentum quickly, leading Ipswich back into automatic promotion contention with just seven games to go.

If Ipswich can secure a return to the Premier League at the first time of asking, their strong financial footing will be key in trying to establish themselves there for good.