Barnsley FC CEO Jon Flatman denies rumours about club's playing budget
"The figures quoted are simply incorrect."
Barnsley FC CEO Jon Flatman has denied rumours that the club's playing budget is being slashed, after the Reds announced a £6.6m loss in their latest accounts.
A lack of transfer business for the League One side saw their overall losses deepen in the year to June 2025.
Barnsley posted a £2.8m loss in the previous set of accounts, covering the 2023/24 season.
It had been suggested over the weekend the playing budget could fall as low as £3.5m next season, a figure labelled "simply incorrect" by Flatman.
In an 'update' posted on the Tykes' website, Flatman wrote: "Our Chairman, Neerav Parekh, remains fully financially committed to Barnsley FC. Alongside the Cryne family, owners will continue to invest millions of pounds into Barnsley FC next season to ensure the Club is competitive on and off the field."
"There is no expectation that any money will be taken out of the Club, underlining once again the board's continued desire to see Barnsley FC prosper."
"The figures quoted are simply incorrect. However, we do need to work smarter and ensure that every element of the budget is used effectively."
"We cannot continue to depend indefinitely on owner investment from Neerav and the Cryne family, and in order to remain competitive, we must ensure our costs are controlled and we are working with all partners and fans to maximise opportunities."
Barnsley are currently 12th in League One, the division to which they were relegated in 2022.