Carlisle reveal £5.1m loss in relegation season
Carlisle produce accounts for 2024-25 which show a sharp increase in the squad's wage bill and a significant drop in the club's turnover.
Carlisle were relegated from League Two in 2024-25 [Getty Images] Carlisle United have announced that they lost £5. 1 million for the 2024-25 season in which they were relegated from the English Football League. The accounts mark the first full 12-month period under the ownership of the Florida-based Piatak family.
Last season Carlisle had three head coaches and could not prevent a second successive relegation into the National League as they finished 23rd in League Two. "This has been a challenging year, but important foundations have been laid," said the club's board in a statement. "We've invested in our people, facilities, hospitality, commercial growth and community.
We are fully committed to building a strong future for Carlisle United. " The loss of £5. 1m was significantly up from the £2.
8m the club lost in the previous season, with an extra £1m spent on player wages and over £500,000 on transfer fees. There was also a 20% drop in turnover from £8. 3m to £6.