Partick Thistle have posted an overall profit in terms of £1.5m with an in-year operating loss of £215k in their annual accounts.
The Firhill club is in good financial health amid a year where they have controversially transitioned to fan ownership under PTFC Trust, which has been largely lamented by supporters. Manager Ian McCall has been backed with a bigger budget for transfers than was initially planned as they look to get out the Championship and into the Premiership again this season.
Assets have grown to a record £14.3m and the 2021-22 accounts show Partick Thistle remains debt-free, with reserves. A statement reads: "There are two things the board would like to note in relation to these accounts. First, our assets have grown significantly to almost £14.3m in May 2022 from £5m in May 2021, giving us a solid foundation going forward. This is as a result of the land in the south of the stadium, along with The Colin Weir Main Stand, returning to Club ownership.
