Oldham Athletic Beat Southend at Wembley to End Three Years in the Wilderness

In the 2024-25 season covered by these accounts, Oldham Athletic won promotion back to League Two via the National League play-offs, beating Southend United in the final at Wembley to end a three-season absence from the Football League that had followed relegation in 2022.

The accounts don't disclose a turnover figure for the period, but a pre-tax loss of around £5m shows significant investment behind the promotion push, a sizeable figure for a club competing outside the Football League for most of the campaign.

Net assets in deficit by around £12m reflect the cost of that investment, a position that puts real pressure on new ownership to manage spending carefully now the club is back among the 72.

Cash reserves of just over £0.1m leave very little buffer, underlining how much of the club's resources went directly into securing promotion rather than being held in reserve.

For a club that helped found the Premier League in 1992 and has since fallen as low as the National League, getting back to League Two was a significant moment, even if the accounts show it came at real financial cost.