Preston North End are the subject of interest from American businessman Chris Kirchner – and he has commented on the club’s finances today.

North End published their accounts today and it’s fair to say they don’t particularly make for great reading.

Preston have announced a loss of £13.6million, which was actually aided by a £2.5million business interruption insurance payment.

Staff costs have risen to £22.8million whilst turnover was down to £10.58million, with COVID and lack of fans in stadiums hampering incoming cash.

England’s 2017 Under-20 World Cup Winners: Where Are They Now?

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The hugely concerning numbers are that Preston are spending £216 on wages for ever £100 of income, which is a recipe for disaster.

The support of Trevor Hemmings and his family has been vital for Preston, but the future looks a little unclear.

This will ultimately lead to more speculation about a potential takeover amid interest from Kirchner.

The man behind US logistics company has been eyeing up a move to purchase North End having failed to take over Derby County. Dubai Desert Classic - Previews
Photo by David Cannon/Getty Images

Kirchner has been to visit Preston’s training facilities and watched North End’s 0-0 draw with Huddersfield Town.

The American also watched Preston’s 1-0 win over Peterborough from Los Angeles, taking a real interest in the club.

We haven’t really heard much from Kirchner about the rumoured takeover interest, but he has made a couple of comments today.

Kirchner took to Twitter to praise how Trevor Hemmings handled COVID, believing he has kept the club in a sound position and the worst is behind us.

Kirchner added that he will be watching Saturday’s game against Coventry City from Texas, again showing a keen interest in North End.

UPDATE: Kirchner has added that there should be news coming ‘soon’ on the potential takeover at Preston.

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