Thanks for clarifying.The club has no further significant stake, think it may be a small %development fee
Since those accounts . We will be bringing in more than 12 plus million in solidarity and TV when you include the upcoming season .. something league 1 never afforded us at all .
Lose 3.5 million , gained 6/7 million plus .
Sadly the pandemic happened in between all this .
If we never got promoted then yes it's a big problem
Apparently Stoke City lost 91 million
Other clubs are largely irrelevant as we have no assets
Apparently Stoke City lost 91 million
The loss seems to be explained pretty straightforward to be honest .
2.2 million administrative costs for the move to St Andrews (huge favour thanks)
And 1.1 Mill lost revenue for the season and pandemic costs
Moving back to the ricoh is so important
Other clubs are largely irrelevant as we have no assets
Just going off the clubs articleWhat pandemic costs? We recovered £300k on furlough
We lost revenue by being there and critically we gambled on being able to sell £4 m of our assets. This must be the only place you get praise for frantically selling assets to try and lose only £3 million
They aren’t really as the league in general is fucked
We do have more than 3 mill worth of playing assets .
88-91 Mill reported with no more parachute payments , imagine how bad it is for this season for Stoke
The loss seems to be explained pretty straightforward to be honest .
2.2 million administrative costs for the move to St Andrews (huge favour thanks)
And 1.1 Mill lost revenue for the season and pandemic costs
Moving back to the ricoh is so important
If we had played the last 5 home games would be interesting to see how much of that 1.1 million was eaten into…..
If we had played the last 5 home games would be interesting to see how much of that 1.1 million was eaten into…..
What was the st Andrews rent then ?
Ridiculous I'm assuming
£800k more than whatever we were paying to rent the Ricoh£800k I’d assume
Accounts very worrying. If we hadn't have been promoted that season I'm sure there would have been a going concern issue by now.
The owners could just be like normal owners and pay the 3.5 million and write it off .
Oh wait that's clubs like Brentford not us
There has been a going concern for as long as I can remember in the accounts.
Was that more to do with playing in league 1 and 2 though in recent years .
We get some relief by being a championship side ofcourse in a normal season
More to do with the accounts / club being fucked and relying on debts not being called it.
The league is irrelevant.
Yes their owner has put in over £100m, yet some fans think we can emulate them.
Debts to the owners ?
We should get whatever % of sell on, that Norwich get for their sell on. It will be something like 15% of 15%.The club has no further significant stake, think it may be a small %development fee
What pandemic costs? We recovered £300k on furlough
We lost revenue by being there and critically we gambled on being able to sell £4 m of our assets. This must be the only place you get praise for frantically selling assets to try and lose only £3 million
You're forgetting it was Wasps that refused to give us a deal. We didn't gamble on selling players to make a choice to go to St Andrews.
The accounts are dire though.
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Not entirely no but most can look to emulate their recruitment model. They've made c.£95m+ profit on transfers in just 5 years.
Much, much more difficult now though.
Yeah but the difference is Brentford are under little pressure to sell as they have an owner propping them up. The model falls down if you can’t sell the player for an inflated price.
They also have the capital to pay £5m to get some of these players in the first place. And the shared scouting infrastructure of FC Midtjylland - a club that play in Europe every season.Yeah but the difference is Brentford are under little pressure to sell as they have an owner propping them up. The model falls down if you can’t sell the player for an inflated price.
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