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Losses widen to nearly £20m at Preston North End despite ticket sales rise

The club said they 'continue to be reliant on the financial support' of their shareholder

Preston North End fans wave banners and flags as they welcome their side on to the pitch

Losses at Championship football club Preston North End widened to nearly £20m during their latest financial year.

Newly-published documents for the 12 months to June 30, 2022 show the club's pre-tax losses totalled over £18.8m.

The figure compares to the £15.9m the club lost during the previous year.

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The accounts also show Preston's turnover increased from £10.5m to £12.4m in the year.

Their parent company, Deeodale PNE Holdings Ltd, reported a turnover of £13.8m, up from £11.9m, and pre-tax losses of £20.1m, compared to losses of £17.7m in the prior 12 months.

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A statement signed off by the board said: "Supporters had not been permitted to attend fixtures in the prior year due to Covid-19 restrictions.

"The increase in turnover mainly relates to season ticket and match day ticket sales.