Oxford united FC
Oxford United posts net loss of £17.5m for financial year
The club, owned by Indonesian billionaire Erick Thohir, recorded a net loss for the financial year ending June 2025 of £17.5m, compared with £15.9m in the previous year.
Excluding new stadium development costs, the loss increased from £10.7m to £14.9m, which the club says reflects the higher cost base associated with playing in the Championship.
The club said it remains dependent on shareholder support, with the owners “continuing to invest both on and off the pitch to ensure Oxford United progresses towards its strategic goals”.
Tim Williams, Oxford United’s chief executive officer, said: “The growth of the club’s revenues this year reflects both the strength of our business and the impact of our first year in the Championship.
“With that growth comes increased responsibility to ensure that every decision we make supports our long‑term plans.
“Investment in the men’s team, academy, commercial activities and operations has been essential to competing at this level, whilst we’ve continued to make significant progress with developing our women’s programme.
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“We remain focused on building a club capable of thriving in the years ahead – one that is competitive on the pitch, sustainable off it, and that positively impacts our community.”
Revenue for the year increased by £10.6m, rising from £8.4m in 2023/24 to £19.0m in 2024/25.
Oxford United said the majority of this increase was driven by “substantially higher” central distributions from the EFL and the Premier League which rose from £2.5m in the previous year to £11.5m in 2024/25.
Gate receipts also grew year‑on‑year by more than £1.1m, reflecting increased demand and attendances at Championship level.
Commercial income, including sponsorship and advertising, continued its upward trajectory, rising to £3.3m.
The last year saw the club embark on a successful campaign to get planning permission for a new stadium in Kidlington.
The owners’ total direct investment in the new stadium project is now in excess of £10m.
Oxford United said that playing in the EFL Sky Bet Championship brought with it significantly higher revenue streams.
But it also brought increased costs to the business, resulting in higher sales from £10.3m to £19.2m and administrative expenses increased from £9.5m to £13.3m.
Chairman Grant Ferguson added: “This year has been one of remarkable progress for Oxford United, both on the pitch and across the wider business.
“Competing in the Championship brought new opportunities and challenges alike, and while the financial demands increased significantly, so too did the scale of our ambition.
“Our ownership group has continued to provide unwavering support, enabling us to invest in the playing squad, strengthen our operations, and take major strides forward with the new stadium project.
“We are grateful to our supporters, partners, staff and the wider Oxfordshire community for their continued belief in what we are building.
“The journey is ongoing, and together we are creating a future of which this club can be genuinely proud.”
Assistant head coach Mike Dodds has officially left Oxford United after just five months in the job to take on the role of assistant head coach with the Championship side.
He joined United in January 2026, and is departing to reunite with former colleague and new Rovers boss Tony Mowbray.
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Dodds joined United alongside Matt Bloomfield, who was dismissed by the club earlier this month almost two moths after failing to keep the club in the Championship.
The assistant coach was first rumoured to be heading to Blackburn Rovers earlier this month, a move which has now been confirmed by Oxford.
A spokesperson for the club said: “We would like to thank Mike for his hard work and dedication and wish him well for the future.
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“An update on Aaron Ramsey’s backroom staff ahead of the 2026/27 season will be announced shortly.”
The 40-year-old was previously in charge of Wycombe Wanderers seven months in his head coach role to date as he was sacked in September 2025.
He was previously a coach at Sunderland for four years and Birmingham City before that where he was credited as having a positive impact on the development of Real Madrid and England star Jude Bellingham.
The League One home fixture against Reading, originally scheduled to take place on Saturday, August 29, has been postponed to September.
This is due to a request from Thames Valley Police ‘due to a number of significant events already taking place during that Bank Holiday weekend’.
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The new date for the match is Tuesday, September 8, with a 7.45pm kick-off at the Kassam Stadium.
Oxford United said that should either of the clubs progress to round three of the Carabao Cup, the fixture would instead be played on Tuesday, September 15.
A spokesperson for Oxford United said: “We appreciate the understanding of supporters affected by this change and will provide any further updates, including ticket information, in due course.”
Experienced defender Frankie Kent joins Oxford United with 13 years of league football behind him, and more than 400 appearances across Colchester United, Peterborough United and recently in Scotland with Heart of Midlothian.
The 30-year-old is a commanding and physical centre-back who proved himself as a League One pedigree when he won promotion with Peterborough in 2021.
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Meanwhile last season, Kent helped Hearts secure a second-place finish in the Scottish Premiership.
Speaking about joining United, he said: “This is a very exciting move for me to be joining a club with a clear ambition for success.
“I’ve had very positive conversations with people at the club, and I am confident I can use my experience to drive standards, not just on the pitch but off it as well.
“I understand the demands of this league, and I return to England a much better player and leader following three fantastic years in Scotland.
“I’ve come here to help push this club forward, and I’ll do everything I can every day to help us improve and achieve our ambitions.”
Newly appointed head coach Aaron Ramsey said he’s ‘delighted’ with the first signing under his leadership.
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Mr Ramsey said: “I had very positive conversations with the club before arriving about the business we wanted to complete this summer, and I’m delighted we’ve moved quickly to bring in a player of Frankie’s quality and character.
“As a player, Frankie is a dominant, aggressive defender who is comfortable in possession, and his profile fits exactly how we want this team to play.
“As importantly, Frankie embodies the values we want to hold throughout the football club.
“He’s someone who will raise the standards and push to help create the elite environment we strive for.
“As a first signing, it’s a real statement for us. We’re bringing in someone who can make an immediate impact both on the pitch and within the group.”
Head of football operations Ed Waldron last week said himself, the new head coach and the club are ‘aligned on what we think the squad needs’, saying they’re ready to ‘get deals done’.
Following the signing announcement, Mr Waldron added: “Frankie is a player we’ve admired for a long time, dating back to his time at Colchester when he regularly came up against Oxford United.
“Scotland is a market we monitor closely and, throughout his time at Hearts, Frankie has consistently been one of the league’s standout defenders.
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“Our recruitment process combines detailed data analysis with extensive live scouting, and Frankie stood out in every aspect.
“Equally importantly, our background work highlighted the qualities he brings away from the pitch.
“He’s a strong personality, a natural leader and exactly the type of character we want in the building, so we’re delighted to welcome him to Oxford United.”
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