Yahoo Sports · Apr 3, 2025
Luton 'should have spent more' to avoid relegation
Image caption, Luton were relegated from the Premier League after finishing six points from safetyLuton Town should have spent more to try and avoid relegation from the Premier League, the club has admitted.
The Hatters published their financial results for the year ending 30 June, 2024, external on Wednesday night, revealing record turnover and profits as a result of being promoted to the Premier League for the first time.
The club posted an operating profit of £48.8m, having lost £16m the previous year, though that figure has already been spent on ground improvements at Kenilworth Road, upgrades to the training ground and new club office space.