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Preston North End cut losses despite Covid-19 hit

Preston North End's turnover dipped during their latest financial year

Preston North End play their home games at Deepdale(Image: Getty Images)

Preston North End cut their pre-tax losses during their latest financial year which saw the start of the Covid-19 pandemic.

Newly filed accounts for the Championship club's parent company, Deepdale PNE Holdings, show their losses went from £14.3m to £10m in the 12 months to June 30, 2020.

The Deepdale Stadium club's turnover also went from £13.8m to £12.5m over the same period.

A statement signed off by the board said: "The Covid-19 pandemic has resulted in a significant impact on the group's ability to trade and therefore its cash flow.

"This is mainly as a result of the club's inability to admit supporters to the stadium to watch football matches.

"The board continues to review this situation and has prepared plans to safely admit the permitted number of supporters back into the stadium as soon as the regulations allow."

There were seven fewer matches played in the financial year due to Covid-19.