This day is never the same without OSB58 telling us what it means.
Gone but not forgotten.
Gone but not forgotten.
Must have been some big payouts to sack Robins and his coaching team. Says operating loss increased by £3.5m and that is mainly due to 'a restructure within the Football Department carried out in November 2024'
Well it was clearly a cost - which seems around £2m - worth paying
All it really says is that we lost more money as we continued to fund players post the sale of Gyokeres and Hamer and that we have far more asset value than stated down to the amortisation calcs
Looks to my untrained eye we lost about £10 m that year, well inside the ffp figures of £13 m per year ( to give figures of £39m over 3 years)
I wonder how the Stadium buy out will fit into next years figures?
And if we go up, how will that money affect it all? Exciting times ahead!
I wonder how the Stadium buy out will fit into next years figures?
And if we go up, how will that money affect it all? Exciting times ahead!
You really cannot give King enough credit for the transformation of the club commercially. Yes, there is still a loss there but it is quite small compared with other clubs of a similar size, and realistically necessary to compete.
The revenue growth from when he took over is something in the region of 70%, for a club playing in the same league as it was that is tremendous.
The revenue growth from when he took over is something in the region of 70%, for a club playing in the same league as it was that is tremendous.
I wish OSB58 was here to explain tho 
Yes, he'd always put it in terms that us thick fuckers would understand.I wish OSB58 was here to explain tho
£7m loss when discounting an exceptional item, not brilliant but significantly better than peer clubs including Hull, Norwich and Middlesbrough amongst others.
Does seem to suggest that a decent chunk of that is sorting the club out after years of zero investment.
Hopefully we'll have PL money next season but it sounds like even if we don't there's a feeling that level of losses can't and won't continue.
There’s some very interesting takes on Facebook, didn’t realise we had so many qualified accountantsI wish OSB58 was here to explain tho
I wonder if having all the revenue will make a bigger difference now? Maybe a few gigs and using the conference centre, most days seems to be something on there, must bump up the figures. Probably won’t show until this season figures are released
Current squad to 31/5/25 have spent £55.5m on transfer fees. This does include agent fees etc but that’s significant investment.
Additions is interesting at £18.9m. Aside from Grimes and Binks I can’t recall us spending money on anyone else during that period.
The loss of £9.3m is the operating loss but does not include fees spent on transfers. As said, £18.9m spent on fees although we made a profit of £3.1m on sale of players.
So in real terms the loss is £9.3m plus £15.8m = £25.1m although from a cash flow perspective fees will be payable in instalments. The balance sheet shows we owe £9.5m in unpaid transfer fees but are owed £8.7m from other clubs.
DK, through the other companies has now invested £49.75m, likely even more now given the share issue to another one of his companies this year.
Additions is interesting at £18.9m. Aside from Grimes and Binks I can’t recall us spending money on anyone else during that period.
The loss of £9.3m is the operating loss but does not include fees spent on transfers. As said, £18.9m spent on fees although we made a profit of £3.1m on sale of players.
So in real terms the loss is £9.3m plus £15.8m = £25.1m although from a cash flow perspective fees will be payable in instalments. The balance sheet shows we owe £9.5m in unpaid transfer fees but are owed £8.7m from other clubs.
DK, through the other companies has now invested £49.75m, likely even more now given the share issue to another one of his companies this year.
Wage bill for last season was £26.4m, of the clubs that have published accounts so far, it is lower than:
Cardiff £39m
Boro £36m
QPR £27.5m
Derby £31.5m
Bristol City £35.9m
Norwich £48.1m
Hull £29.6m
Cardiff £39m
Boro £36m
QPR £27.5m
Derby £31.5m
Bristol City £35.9m
Norwich £48.1m
Hull £29.6m
Madness how we are so competitive with a wage bill significantly lower.
Rudoni would be in that accounting period I think, signed June 2024. Also included would be BTA, Bassette and Dovin so the figure sounds about right.
Did I read it right that rent for the CBS went from £1.4m to £1.9m in the final year of our rent from Frasers. The tension over the short term rent deal makes sense.
The two businesses are separate for now to see what is happening
It’s a fact the arena hasn’t ever made a profit though
king can’t really lose now can he, if he finds a way to make money from the arena he’s quids in if he can’t he’ll have hopefully a premier club with its own ground, they’ll be queuing up to buy us, personally hope he sticks with us, we’re in good hands
Never mind them, what about Cardiff?
Kings £50m is before the stadium purchase isn’t it. He must have more money than we thought.
Wonder how tempted he’ll be to cash out if we get promoted.
Wonder how tempted he’ll be to cash out if we get promoted.
Have had a quick glance, will give a detailed response over the weekend. There’s not much in these set of accounts in all honesty, pretty bland set of football club accounts. Revenue up, wages up, reduced player sales, increased amortisation (due to increased player purchases) = bigger loss this year. Loss funded by an increased loan from the parent co (which is interest free).
Reminder this is to May-25 only and we are still waiting for Covcityco Ltd (parent company) accounts. These will be filed on companies house imminently i’d expect.
I expect very, the club will be at its maximum value this summer assuming promotion followed by immediate relegation.
Yes, of course! I don’t know why I thought we had such a quiet summer that year.
If his aim is maximising profits rolling the dice on us staying up would be a big gamble.
We've been on an upward trajectory for nearly a decade, going to be difficult to keep it going.