Middlesbrough Spent a Season in Mid-Table on One of the Championship's Flattest Turnovers

In the 2024-25 season covered by these accounts, Middlesbrough finished 10th in the Championship under Michael Carrick, a solid but unspectacular campaign that continued a run of consistent mid-table finishes since Carrick took charge in 2022.

Turnover barely moved, up around 1% to roughly £32m, one of the flattest revenue lines of any Championship club that year, reflecting a settled position in the division without the promotion push or relegation battle that tends to drive bigger swings in matchday and prize money income.

A pre-tax loss of around £11m was manageable by the standards of clubs around Middlesbrough in the table, and net assets of around £2m show a club keeping its overall financial position broadly balanced despite the loss.

Staff costs of around £36m against turnover of £32m point to a wage bill still running slightly ahead of income, a gap owner Steve Gibson has continued to fund without pushing the club into the kind of financial risk-taking seen elsewhere in the division.

Consistency, rather than progress, defined Middlesbrough's season both on the pitch and in the accounts, a club neither pushing hard for promotion nor under any real threat from below.