Millwall Football Club's 2024/25 financial results reveal a £0.3 million loss, a major improvement from the previous season's heavy deficit. The figures, reported by swissramble.substack.com this week, show a club balancing ambition with financial prudence after an eighth-place Championship finish.
How did Millwall's finances improve?
Revenue increased by 11% to £23.9 million for the 2024/25 season, up from £21.4 million the year before. Other operating income tripled to £0.6 million. The most significant change came from player trading, where the club recorded a £21.6 million profit on sales. This contrasted sharply with the £0.4 million loss on player sales in the 2023/24 season. Operating expenses rose by 14% to £44.8 million, reflecting increased investment in the squad and operations. Net interest payable also grew by 52% to £1.5 million.
What was the club's performance that season?
On the pitch, Millwall finished eighth in the Championship during the 2024/25 campaign. They missed out on the play-off places by just two points. That season's financial discipline laid a foundation for the dramatic on-field success that followed. In the 2025/26 season, Millwall achieved their best league finish in 32 years, coming third with 83 points from 46 games. They scored 64 goals and conceded 49, ending 12 points behind champions Coventry City. Their play-off dreams ended with a defeat to Hull City.
Who is managing the team now?
Head coach Alex Neil, appointed in December 2024 after Neil Harris departed by mutual consent, has implemented a pragmatic style. The Scottish manager's approach focuses on solid defence and fast counter-attacks. Neil remarked on the team's progress, saying, "The fact that we’re even in the conversation for the top two just shows how well the squad’s done." This philosophy has yielded results, with the club finishing in the Championship top ten six times since their 2016/17 promotion from League One.
What does the future hold for Millwall?
The improved financial health appears to have supported a busy summer of recruitment ahead of the new season. Millwall have signed eight new players, including Mathis Servais from KV Mechelen, Tairyk Arconte from Rodaz AF, and experienced professionals like Lyndon Dykes and Mark Sykes on free transfers. These additions aim to strengthen the squad for another promotion push. You can view the full roster on our squad page. The club's current injury list, which includes A. Doughty and new signing M. Servais, is a concern ahead of their next fixture against Wrexham at The Den. Check the latest team news on our injuries page.
Neil believes the club is well-positioned. "What it shows you is that we are probably in a better place now in terms of being ready to act and ready to pounce," he said. With a stable financial base and a competitive squad, Millwall Football Club looks to build on its recent success. Fans can track the team's progress in the standings as the new campaign gets underway.
