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Birmingham City Accounts 2017/18 (1 Viewer)

  • Thread starter fernandopartridge
  • Start date Jan 4, 2019
Forums New posts

fernandopartridge

Well-Known Member
  • Jan 4, 2019
  • #1
Recorded a loss of £37.5m, that's just as a team trying to stay in the second division. Football is completely broken and there is no way back.

https://document-api-images-prod.s3...79eb68aa041ef25119baaca0c81f389cd8278ad01f4dd
 
Reactions: stupot07 and Covstu

Nick

Administrator
  • Jan 4, 2019
  • #2
That's madness. So much for FFP to try and make clubs live within their means.
 

Covstu

Well-Known Member
  • Jan 4, 2019
  • #3
Crazy, we would get murdered trying to compete in that league at present
 

fernandopartridge

Well-Known Member
  • Jan 4, 2019
  • #4
Nick said:
That's madness. So much for FFP to try and make clubs live within their means.
Click to expand...

Their wage bill has gone up by £14m in a year, not sure why that is? Wage bill is £34m a year. They earn more in TV rights than CCFC's overall turnover.
 

Nick

Administrator
  • Jan 4, 2019
  • #5
Are their owners just covering it? Last thing I knew it was that dodgy chinese fella.
 

fernandopartridge

Well-Known Member
  • Jan 4, 2019
  • #6
Nick said:
Are their owners just covering it? Last thing I knew it was that dodgy chinese fella.
Click to expand...

Yeah the parent company is covering it but could pull the plug at any moment.
 

oldskyblue58

CCFC Finance Director
  • Jan 4, 2019
  • #7
what a complete mess, and it would seem only likely to get worse. The financing has chopped and changed through the year which is never a good sign at all, the costs are 3 times the income, they are in transfer embargo with financial penalties to follow, and audit report that says they have material uncertainty as to whether they can survive, they need additional funding by December 2019 of £39m.

There overall net deficit on the balance sheet £55m despite owning the ground ours is £17m and no ground to speak of ............. ground issue aside i think i would rather have our figures!
 

Nick

Administrator
  • Jan 4, 2019
  • #8
Who owns them now?
 

Terry Gibson's perm

Well-Known Member
  • Jan 4, 2019
  • #9
When was redknapp there as he usually leaves chaos behind him with his reckless spending
 
Reactions: speedie87 and eastwoodsdustman

fernandopartridge

Well-Known Member
  • Jan 4, 2019
  • #10
Nick said:
Who owns them now?
Click to expand...

Trillion Trophy Asia, another Hong Kong company. Carston Yeung is now only a minority shareholder.
 

clint van damme

Well-Known Member
  • Jan 4, 2019
  • #11
if we get to the Championship I hope we spend only what money we have coming in and don't borrow a penny, if we end up getting relegated so be it.
Of course, if some rich maniac with more money than sense wants to fund a promotion push out of his own pocket then great, but I don't want a penny of debt loaded on to the club in the pursuit of a place in the EPL.
 

Nick

Administrator
  • Jan 4, 2019
  • #12
clint van damme said:
if we get to the Championship I hope we spend only what money we have coming in and don't borrow a penny, if we end up getting relegated so be it.
Of course, if some rich maniac with more money than sense wants to fund a promotion push out of his own pocket then great, but I don't want a penny of debt loaded on to the club in the pursuit of a place in the EPL.
Click to expand...

Dont think theres much chance of competing there living within your means, people throw silly amounts to try and get at the premier league.

Its everything wrong about football that its allowed.
 

speedie87

Well-Known Member
  • Jan 4, 2019
  • #13
Definitely a case of another club suffering from spending money they didn’t have on players redknapp wanted.
 
D

Deleted member 5849

Guest
  • Jan 5, 2019
  • #14
fernandopartridge said:
Their wage bill has gone up by £14m in a year, not sure why that is? Wage bill is £34m a year. They earn more in TV rights than CCFC's overall turnover.
Click to expand...
That's frightening. As is the TV rights, given the savage drop from top flight to there!

Anyway, I'll have to take your word for it, as the link's expired...
 

tisza

Well-Known Member
  • Jan 5, 2019
  • #15
You can go through a load of Championship clubs finances and many are a mess.
Few if any are self funding.
The charge for the PL is scary. Saw a figure that wolves spent 110m just in transfer fees to get promoted.
 

Captain Dart

Well-Known Member
  • Jan 5, 2019
  • #16
Some interesting graphics.


And full write up..
Birmingham City 2018: The Lion Sleeps Tonight
 

tisza

Well-Known Member
  • Jan 6, 2019
  • #17
Captain Dart said:
Some interesting graphics.


And full write up..
Birmingham City 2018: The Lion Sleeps Tonight
Click to expand...
Shows how strange the football industry is. How any regulatory body can say it is okay to lose 39m over a 3 year period is a bit of a nonsense.
Got clubs losing vast sums just treading water to stay in the championship.
Equally deluded owners just running up debt and hoping to get lucky somehow, find right manager etc. and get promotion.
 

fernandopartridge

Well-Known Member
  • Jan 6, 2019
  • #18
Captain Dart said:
Some interesting graphics.


And full write up..
Birmingham City 2018: The Lion Sleeps Tonight
Click to expand...
Yet the Oystons are the ones mismanaging a club apparently.
 

Nick

Administrator
  • Jan 6, 2019
  • #19
That's the thing, good football ownership nowadays is throwing millions in the club doesn't have.

Orient didn't work out well.
 

tisza

Well-Known Member
  • Jan 6, 2019
  • #20
Nick said:
That's the thing, good football ownership nowadays is throwing millions in the club doesn't have.

Orient didn't work out well.
Click to expand...
Interesting that Marcus Evans at Ipswich was a hero there for years - now he seems to want out (or at least not put in more than the 95m he has already lent the club) and is not prepared to write-off all his money and he's a villain.
Big financial losses then the manager says he says he needs at least 6 new players in Jan which fans are looking to the owner to provide.
Can't help but see a small parallel in this last bit with our relegation from Championship when owners thought we had enough to avoid relegation and didn't invest in Jan (indeed sold Jutki).
 

Nick

Administrator
  • Jan 6, 2019
  • #21
tisza said:
Interesting that Marcus Evans at Ipswich was a hero there for years - now he seems to want out (or at least not put in more than the 95m he has already lent the club) and is not prepared to write-off all his money and he's a villain.
Big financial losses then the manager says he says he needs at least 6 new players in Jan which fans are looking to the owner to provide.
Can't help but see a small parallel in this last bit with our relegation from Championship when owners thought we had enough to avoid relegation and didn't invest in Jan (indeed sold Jutki).
Click to expand...

That's the thing, as soon as the money tap stops its all shouting and protesting and demanding the football League do something.

Not many can afford to throw millions in and not get any of it back.

That's when the issues start, the cost cutting to stop the losses, the player sales etc.
 

steve82

Well-Known Member
  • Jan 6, 2019
  • #22
Terry Gibson's perm said:
When was redknapp there as he usually leaves chaos behind him with his reckless spending
Click to expand...

speedie87 said:
Definitely a case of another club suffering from spending money they didn’t have on players redknapp wanted.
Click to expand...

It’s not Redknapp’s fault tho is it, it the people who bring these managers in and agree they will invest x amount into the team.

Would Harry go to Birmingham in the first place if they said we want you Harry but we have no money in fact we need you to half the budget not bring in players for a few million.






Sent from my iPad using Tapatalk
 

Nick

Administrator
  • Jan 6, 2019
  • #23
Didn't Birmingham have issues way before redknapp?
 

Terry Gibson's perm

Well-Known Member
  • Jan 6, 2019
  • #24
steve82 said:
It’s not Redknapp’s fault tho is it, it the people who bring these managers in and agree they will invest x amount into the team.

Would Harry go to Birmingham in the first place if they said we want you Harry but we have no money in fact we need you to half the budget not bring in players for a few million.






Sent from my iPad using Tapatalk
Click to expand...

He overpays for players and gives them deals way beyond their worth
 
Reactions: speedie87

steve82

Well-Known Member
  • Jan 6, 2019
  • #25
Terry Gibson's perm said:
He overpays for players and gives them deals way beyond their worth
Click to expand...

I cannot comment on deals he’s personally offered as I don’t have enough information or seen anything to suggest otherwise so will have to leave you on that one.

All I can say is the money people above him are agreeing to the deals to and they are the ones backing him in the market.

When he went to Birmingham to beat relegation he did it for free I believe, they then offered him a deal to set about a a promotion push with funds available.

If the funds are not available you don’t go to Harry to hope to get you up, you get someone who can work on a budget that realistically fits your business model


Sent from my iPad using Tapatalk
 

Terry Gibson's perm

Well-Known Member
  • Jan 6, 2019
  • #26
steve82 said:
I cannot comment on deals he’s personally offered as I don’t have enough information or seen anything to suggest otherwise so will have to leave you on that one.

All I can say is the money people above him are agreeing to the deals to and they are the ones backing him in the market.

When he went to Birmingham to beat relegation he did it for free I believe, they then offered him a deal to set about a a promotion push with funds available.

If the funds are not available you don’t go to Harry to hope to get you up, you get someone who can work on a budget that realistically fits your business model


Sent from my iPad using Tapatalk
Click to expand...


My father in law is a blues fan, he tends to leave carnage everywhere but is a lovely bloke I am told
 
Reactions: steve82

steve82

Well-Known Member
  • Jan 6, 2019
  • #27
Terry Gibson's perm said:
My father in law is a blues fan, he tends to leave carnage everywhere but is a lovely bloke I am told
Click to expand...

I’m sure your father in law is a lovely bloke if a little clumsy. ;-)


Sent from my iPad using Tapatalk
 
Reactions: Deleted member 5849, I_Saw_Shaw_Score and Terry Gibson's perm

no_loyalty

Well-Known Member
  • Jan 7, 2019
  • #28
My Blues supporting mate at work is adamant they will receive a point's deduction before the end of the season.
 
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