St Johnstone Went Down in Their New Owner's First Season, and Still Broke Even

In the 2024-25 season covered by these accounts, which run to May 2025, St Johnstone finished bottom of the Premiership and were relegated after 16 years in the top flight, with their lowest points total since 2002. It was the first season under American owner Adam Webb, who completed his takeover in July 2024. Craig Levein was replaced by Simo Valakari in October 2024.

Turnover still rose by around 13% to around £7m, up from around £6m. The club earned that in a Premiership season, with top-flight broadcast and gate money, which is why the figure is higher than a Championship club would normally show and why the following year's accounts are likely to look very different.

Staff costs rose by around 7% to around £4.5m, around 69% of turnover. That relatively modest rise helps explain why the club made a small pre-tax profit, well under £0.5m, in a year when it went down. Plenty of relegated clubs lose heavily trying to spend their way out of trouble; St Johnstone did not.

Cash stood at around £2.5m, more than several clubs who finished above them, and net assets at around £2m. The club employed 236 people. By keeping control of costs as results collapsed, St Johnstone gave themselves a stable base for life in the Championship.