Portsmouth set to reveal full impact of coronavirus on finances with publication of accounts

The Blues are scheduled to file their accounts at Companies House for the year ending June 30, 2021.

It will shine a light on the impact of the global pandemic on the club’s finances during the 12-month period recorded.

Fans were allowed into just two Fratton Park matches in 2020-21, with both capped at crowds of 2,000.

As a consequence, match-day income was heavily reduced, including hospitality and ticket sales.

Filed accounts will also show the level of assistance received by Pompey through Premier League grants to aid Football League clubs.

While prize money for the Blues’ run to the Papa John’s Trophy final in March 2021, where they lost to Salford on penalties, will also feature.

However, such revenue will have been severely reduced by having no crowds at Wembley. Previously, 85,021 were present for victory over Sunderland in the Checkatrade Trophy in March 2019.

Also anticipated to be included is Tornante’s purchase of the Copnor Road training ground and gym from Roko in June 2021.

Although Pompey’s on-going four-phase £11.5m project to redevelop Fratton Park will not feature, having commenced after June 30, 2021.

Additionally, in November 2021, Tornante converted £5m of new equity, thereby ensuring no loans are against the club.

In Pompey’s previous set of accounts, covering the year ending June 30, 2020, a profit of £259,950 was recorded.

That included a drop of £294,728 in turnover, with coronavirus impacting the final three months of the 2019-20 campaign.

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