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Post by Sir Trevor on Mar 31, 2024 8:02:41 GMT
All League One clubs are beginning to declare their latest financial accounts. Will Bristol Rovers mid-table league position of 17th last season match their financial position?
Peterborough United £3,532,195 * Profit
The following clubs incurred a Loss
Stevenage £13,458
Burton Albion £134,823
Blackpool £259,740
Cheltenham Town £529,659
Northampton Town £1,031,113
Carlisle United £1,685,007
Cambridge United £1,747,155
Lincoln City £2,636,064
Shrewsbury Town £3,021,754
Portsmouth 3,090,710
Leyton Orient £3,906,083
Barnsley £4,008,082
Bolton Wanderers £4,978,428
Wycombe Wanderers £5,886,303
Fleetwood Town £6,027,797
Oxford United £6,180,529
Wigan Athletic £13,369,802
Derby County £30,358,613
Bristol Rovers TBC
Charlton Athletic TBC
Exeter City TBC
Port Vale TBC
Reading TBC
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Post by Topper Gas on Mar 31, 2024 8:46:39 GMT
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Post by gasify on Mar 31, 2024 8:47:22 GMT
All League One clubs are beginning to declare their latest financial accounts. Will Bristol Rovers mid-table league position of 17th last season match their financial position? Peterborough United £3,532,195 * Profit The following clubs incurred a Loss Stevenage £13,458 Burton Albion £134,823 Blackpool £259,740 Cheltenham Town £529,659 Northampton Town £1,031,113 Carlisle United £1,685,007 Cambridge United £1,747,155 Lincoln City £2,636,064 Shrewsbury Town £3,021,754 Portsmouth 3,090,710 Leyton Orient £3,906,083 Barnsley £4,008,082 Bolton Wanderers £4,978,428 Wycombe Wanderers £5,886,303 Fleetwood Town £6,027,797 Oxford United £6,180,529 Wigan Athletic £13,369,802 Derby County £30,358,613 Bristol Rovers TBC Charlton Athletic TBC Exeter City TBC Port Vale TBC Reading TBC This formed the basis of a question I asked Adullatif directly at the fans forum. Strongly, clubs in the Championship make a greater loss than clubs in League 1. That Derby loss of £30m in a season. Some call Wael Wally for racking up that kind of debt over 7 years, including two without and stadium revenue. |
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Post by gasify on Mar 31, 2024 8:52:01 GMT
The answer to your question was in your link. Did you not read it? "Covering the period until June 30, 2023, Derby reported an operating trading loss of £10.6m out of a bottom line figure of £30.4m." Operating Profit/Loss is before: Interest on Loans Depreciation of assets Amortisation - maybe of contracts, I'm not a football finance expert but when we hear of 8 year contracts at Chelsea, 1/8 of that fee may well hit as Amortisation Taxation - Probably none with that level of operating losses. |
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Post by Topper Gas on Mar 31, 2024 8:55:24 GMT
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Post by gasify on Mar 31, 2024 9:19:43 GMT
No Financial Fair Play in Nation League? It shows how much we should be thankful for going straight back up. Wrexham were there for 7/8 years and then it cost £12m to get out. It's going to be interesting for this June's accounts for them, how to balance their books as the wage cap is 55% of Turnover in League Two. Wrexham fans have looked at this on their forum: www.redpassion.co.uk/forums/wrexham/122201-financial-fairplay-rules-league-2-a.html |
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Post by Topper Gas on Mar 31, 2024 9:28:20 GMT
Does SCMP apply to newly promoted clubs? Regardless Wrexham must have got around it somehow or they'd have had a transfer embargo imposed upon them already.
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Post by gasify on Mar 31, 2024 9:37:12 GMT
Does SCMP apply to newly promoted clubs? Regardless Wrexham must have got around it somehow or they'd have had a transfer embargo imposed upon them already. I would be surprised if there was a rule that stated it didn't apply in the first year. Wrexam are a bit of a one off? No other team will come up from the Conference with £10m in turnover. All we can see is that they didn't satisfy the 55% rule when they were in the conference. What I can see is that if owners buy more equity or gift money to the club or pay for sponsorship, that is all included in the Turnover figure. |
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Post by gasify on Mar 31, 2024 9:38:58 GMT
Back to Rovers though. Their accounts need to be filed today.
#prayforauditors
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Post by mftc on Mar 31, 2024 9:47:21 GMT
Surely this would sit well under the post headed clueless?
I remember someone at the FC answering a question "that's what all football clubs do".
Change the manager, change the players, change the staff etc etc, but until someone rocks the boat and says the money we waste is ridiculous then will it ever change.
The club listen to "experts" who say we need to rip up the pitch and start again each season, we get taken for a ride by agents and pay exaggerated fees, wages and add ons and many more.
How many players are out of work each summer? You can't tell me that faced with losing their homes they won't play for a weekly wage of £500 plus £200 appearance bonus and £200 win bonus.
I'm sure someone in league 1 or 2 will eventually do this.
Haven't Southend done something similar. A squad of 14 for the first 25 games a season and funny enough not many injuries.
Look at the players wage bill when the accounts come out. No business model would take up 80% plus of income on wages.
When people moan about the reduced budget, maybe the owners are actually being sensible?
Maybe a return to ragbag Rovers would not be such a bad thing, rather than upping the anti and spending millions to still get half hearted ragbag performances.
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Post by Topper Gas on Mar 31, 2024 10:57:09 GMT
The SCMP rules are supposed to limit the wage bill so we can't, in theory, spend 80% of turnover on players wages?
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Post by returnofthedust on Mar 31, 2024 11:46:23 GMT
All League One clubs are beginning to declare their latest financial accounts. Will Bristol Rovers mid-table league position of 17th last season match their financial position? Peterborough United £3,532,195 * Profit The following clubs incurred a Loss Stevenage £13,458 Burton Albion £134,823 Blackpool £259,740 Cheltenham Town £529,659 Northampton Town £1,031,113 Carlisle United £1,685,007 Cambridge United £1,747,155 Lincoln City £2,636,064 Shrewsbury Town £3,021,754 Portsmouth 3,090,710 Leyton Orient £3,906,083 Barnsley £4,008,082 Bolton Wanderers £4,978,428 Wycombe Wanderers £5,886,303 Fleetwood Town £6,027,797 Oxford United £6,180,529 Wigan Athletic £13,369,802 Derby County £30,358,613 Bristol Rovers TBC Charlton Athletic TBC Exeter City TBC Port Vale TBC Reading TBC This formed the basis of a question I asked Adullatif directly at the fans forum. Strongly, clubs in the Championship make a greater loss than clubs in League 1. That Derby loss of £30m in a season. Some call Wael Wally for racking up that kind of debt over 7 years, including two without and stadium revenue. Derby aren’t exactly the best club to make a comparison to in fairness |
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Post by Topper Gas on Mar 31, 2024 11:55:31 GMT
This formed the basis of a question I asked Adullatif directly at the fans forum. Strongly, clubs in the Championship make a greater loss than clubs in League 1. That Derby loss of £30m in a season. Some call Wael Wally for racking up that kind of debt over 7 years, including two without and stadium revenue. Derby aren’t exactly the best club to make a comparison to in fairness See my earlier post the Derby figure is their turnover not losses which were £10m although £20m of that is some strange accounting procedure for past losses. |
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Post by Topper Gas on Mar 31, 2024 15:00:22 GMT
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Post by yattongas on Mar 31, 2024 15:18:49 GMT
Back to Rovers though. Their accounts need to be filed today. #prayforauditors Weren’t we expecting a £4m loss ? |
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Post by phillistine on Mar 31, 2024 15:42:13 GMT
Derby aren’t exactly the best club to make a comparison to in fairness See my earlier post the Derby figure is their turnover not losses which were £10m although £20m of that is some strange accounting procedure for past losses. it seems that Derby overvalued goodwill in the past and so were told to reduce it by £20 million . i must admit that i struggle with Football Club accounts - does the total value of players come into it and are they an asset on the balance sheet? The fact that players are under contract and fees will be reaised when some are sold suggests that they have value . on the other hand they may gate an injury and suddenly be a liability with no potential value? |
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Post by gasify on Mar 31, 2024 16:53:47 GMT
This formed the basis of a question I asked Adullatif directly at the fans forum. Strongly, clubs in the Championship make a greater loss than clubs in League 1. That Derby loss of £30m in a season. Some call Wael Wally for racking up that kind of debt over 7 years, including two without and stadium revenue. Derby aren’t exactly the best club to make a comparison to in fairness It's not just Derby. Have a look at Championship teams financial results, they are shocking. |
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Post by stuart1974 on Mar 31, 2024 17:48:14 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down.
It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way.
It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset.
Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders.
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Post by returnofthedust on Mar 31, 2024 18:02:37 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down. It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way. It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset. Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders. This strategy is fine but as fans we will need to accept several years of standing still and potentially going backwards before it starts to work. Do we have the patience for that? |
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Post by Topper Gas on Mar 31, 2024 18:22:20 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down. It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way. It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset. Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders. This strategy is fine but as fans we will need to accept several years of standing still and potentially going backwards before it starts to work. Do we have the patience for that? Normally Rovers fan don't and attendances drop off if there's no signs of a promotion push, hopefully, TG's explained that to the new co-owners. |
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