Classic Football Shirts Made a Profit of £5.5 Million

Mar 1, 2025

by Chris

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Turnover Growth: Classic Football Shirts' turnover increased by 25.6% to £24.47 million in the year ending June 30, 2023.
Profit Increase: The company's profit before taxation more than doubled to £5.47 million.
Investment: Classic Football Company secured a $38.5 million investment from The Chernin Group (TCG) in May 2024.

If you want to buy an old football kit, you will probably come across Classic Football Shirts. We want to give you a little insight into Classic Football Shirts' recent performance, revealing impressive stats.

Classic Football Shirts Company's Growth Continues

The company's most recently released financial statements reveal turnover increased by 25.6% to £24.47 million for the year ending June 30, 2023, compared to £19.47 million in the previous year. This substantial growth has been reflected across all geographic markets, with sales reaching:

Geographic Markets

UK: £11.75 million (48% of total)
Europe: £5.42 million (22% of total)
Rest of World: £7.31 million (30% of total)

Financial Performance (Year ended June 30, 2023)

Turnover: £24,470,680 (increased by 25.6% from £19,472,959 in 2022)
Gross Profit: £15,456,037 (up from £10,149,552)
Operating Profit: £5,568,661 (up from £2,072,310)
Profit Before Tax: £5,468,405 (up from £1,999,543)
Profit After Tax: £4,524,157 (up from £1,538,122)
Retained Earnings: £15,680,392 (up from £11,321,235)

Profit before taxation more than doubled to £5.47 million (up from £2 million), while profit after tax reached £4.52 million, representing a significant improvement from the £1.54 million reported in 2022.

Major Investment from US Private Equity Firm

In the meantime, there was a very important change for Classic Football Shirts in May 2024. Classic Football Company Limited, the company behind, has secured a $38.5 million investment from The Chernin Group (TCG), as reported by Tim Casey for Forbes.

This acquisition marks a significant shift in the ownership structure of Classic Football Company. Following this substantial investment, Classic Football Shirts wants to be more present in the USA - they opened their first US store in Miami in November 2024.

The company describes itself as "the market leader in its sector of the industry" and states it is "ideally positioned to continue capitalizing on this in the coming years."

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