Huddersfield's Accounts Show the Biggest Net Liabilities in Super League

In the 2024 Super League season covered by these accounts, Huddersfield finished 9th on 20 points, missing the play-offs in a season without a deep cup run to lift the mood. It was a season of consolidation rather than progress for a club that has spent recent years rebuilding after successive relegation battles.

Turnover and staff costs are both marked n/d in this filing, not disclosed rather than estimated. What is disclosed is a loss before tax of around £1m and, more strikingly, net liabilities of roughly £17m, the largest shortfall of any club in this dataset by some distance.

Current assets of around £2.5m give some short-term cushion, and estimated borrowings are minimal at close to £0, so the size of the net liabilities figure looks to be driven by accumulated losses or other long-term liabilities rather than fresh debt taken on this year.

A £17m hole is a serious number for a club of Huddersfield's size, and it's one worth watching closely as future filings come in, regardless of how the team fares on the field.

Because turnover and staff costs are withheld here, it isn't possible to say from this filing alone how much of that liability sits against wages versus other long-term commitments. What is clear is that Huddersfield head into future seasons with the thinnest financial margin for error of any club in this data, at a time when Super League's cap and grading rules leave no automatic safety net for clubs that fall behind financially.

Balance sheet snapshot

Minimal borrowings but the largest net liabilities figure of any club in this dataset, a legacy balance sheet problem more than a one-year one.