Plymouth Argyle cut losses by £1m in first season back in Championship

Compensation Argyle received from Stoke City after Steven Schumacher left to join them as head coach was in part offset by paying off his successor Ian Foster, who was sacked after just three months.

Sell-out crowds for each of their home games in the Championship saw Argyle increase ticket sale revenue by more than £900,000, while sponsorship income went up by £500,000.

The club’s biggest rise in income came from money from the English Football League – an increase from just under £1.9m in League One to almost £8.9m in the Championship.

Survival in the second tier on the final day of last season under the temporary leadership of Neil Dewsnip and Kevin Nancekivell ensured this year’s income from the EFL will be even greater because of a new television deal.

“Our supporters will be aware that following our promotion last year, we updated our mission which is ‘to be a sustainable top six Championship club within five years, with Premier League aspirations’,” owner Simon Hallett said in the accounts filed at Companies House.

“The start of the 2024-25 season represents the commencement of our new strategic plan.

“The board are very proud that the club took an important step in that direction by demonstrating our ability to adjust to life in the Sky Bet Championship. The club is very optimistic about the future, with everyone hugely ambitious to keep developing.”