Discover and read the best of Twitter Threads about #scfc

Most recents (11)

#BristolCity recently published their 2018/19 financial results, covering a season when they finished 8th in the Championship, their highest position for 11 seasons and just 4 points off a play-off position. Some thoughts in the following thread.
#BristolCity reported £11m profit before tax, a significant improvement on the prior season’s £25m loss, mainly thanks to profit on player sales surging from hardly anything in 2017/18 to £38m last season. Owner Steve Lansdown described the results as “a milestone” for the club.
#BristolCity revenue also rose by £4m (16%) from £26m to £30m, mainly due to commercial income increasing £4.6m (39%) to £16.1m, though broadcasting was also up £0.4m (5%) to £8.1m. On the other hand, match day income fell £0.7m (10%) to £6.0m.
Read 40 tweets
Hull City’s 2018/19 financial results covered a season when they finished 13th in the Championship. Manager Ian Adkins resigned in June, replaced by Grant McCann. The owners, Assem and Ehab Allam, have been looking to sell the club for some time. Some thoughts follow #hcafc
#hcafc profit before tax decreased from £24m to £3m, mainly due to profit on player sales falling by £26m from £31m to £5m. Revenue was down £7m (13%) to £48m, because of lower parachute payments. Partly compensated by expenses being cut by £12m.
The main driver of #hcafc £7m revenue reduction was a £6m cut in parachute payments from the Premier League from £43m to £37m, but the other revenue streams also declined: match day was down £1.1m (15%) to £6.1m, while commercial was £0.6m (20%) lower at £2.3m.
Read 40 tweets
A previous thread explained the differences between a football club’s profit and loss account and its cash flow statement, as it is important to understand where the money has been spent. This thread will look at how this works for each of the 20 Premier League clubs in 2017/18.
#AFC went from £52m operating profit to £42m operating loss, due to lower revenue after failing to qualify for the Champions League, compounded by higher wages and player amortisation plus Wenger pay-off. However, £120m profit on player sales resulted in £70m profit before tax.
#AFC cash flow boosted by favourable £58m movement in working capital (increase in creditors). Spent £29m (net) on players (purchases £110m, sales £81m). Paid £20m for Emirates loan (£11m interest & £9m debt) plus £12m tax. Net cash inflow of £51m was highest in Premier League.
Read 42 tweets
One of the questions most frequently asked by football fans is “Where’s all the money gone?” The answer is only partly found in a club’s profit and loss account, so we need to also look at the cash flow statement to get the full picture. Some thoughts in the following thread.
A club’s profit and loss account is easy to understand, as it is basically revenue less expenses (mainly player wages), but this is an accounting profit based on the accruals concept, which can be very different from actual cash movements.
This is important, as the main reason that football clubs fail is cash flow problems. It does not matter how large your revenue is (or your profits are), if you do not have the cash to pay your players, suppliers or indeed the taxman, then you will find yourself in trouble.
Read 39 tweets
Southampton’s 2017/18 financial results covered a season when they finished 17th in the Premier League and reached the FA Cup semi-finals, much worse than previous season (8th place in PL, competed in the Europa League and got to the EFL Cup final). Some thoughts follow #SaintsFC
Although #SaintsFC directors described the season as “disappointing”, they were “pleased to report another year of positive financial performance.” This was the first season under the ownership of Lander Sports (UK), controlled by Chinese businessman Jisheng Gao.
#SaintsFC pre-tax profit fell from £42m to £35m, as revenue dropped 16% (£30m) to £153m, due to the poor performance on the pitch, though this was largely offset by profit on player sales increasing by £27m to £69m. Profit after tax was down from £34m to £29m.
Read 38 tweets
Liverpool’s 2017/18 financial results covered a season when they finished 4th in the Premier League and returned to European competition with a bang by reaching the Champions League final, where they were defeated by Real Madrid. Some thoughts in the following thread #LFC
#LFC profit before tax increased from £40m to £125m, as profit on player sales surged £86m to £124m and the impressive Champions League run helped drive revenue up £91m (25%) to a record £455m. Profit after tax improved from £39m to £106m.
All three #LFC revenue streams increased: broadcasting was a substantial £66m (43%) higher at £220m, due to Champions League participation; match day climbed £7m (10%) to £81m, while commercial rose £18m (13%) to £154m, also largely linked to European success.
Read 47 tweets
Huddersfield Town banter season - a thread:

#htafc
Pre season, changing the badge on our kits from our club badge to this monstrosity... #htafc
Having our pitch ruined by @LittleMix which wasn’t fixed before our first Premier League game of the season v Chelsea #htafc
Read 18 tweets
Arsenal’s 2017/18 financial results covered a season when they finished 6th in the Premier League, while reaching the Europa League semi-finals. Manager Arsène Wenger was replaced by Unai Emery, while Stan Kroenke took full ownership. Some thoughts in the following thread #AFC
#AFC profit before tax increased from £45m to £70m, despite revenue falling £35m (8%) to £388m, mainly due to participating in Europa League rather than more lucrative Champions League, as profit on player sales surged £113m to £120m. Profit after tax improved from £35m to £57m.
All #AFC revenue streams decreased: broadcasting was £19m (9%) lower at £180m, mainly due to lower Europa League distributions; commercial dropped £10m (9%) to £107m; match day declined £1m (1%) to £99m; while player loans fell £5m to £2m.
Read 47 tweets
Following my recent analyses of where Premier League and Championship clubs source their money and what they spend it on, I received many questions on how a cash flow statement works, so I will explain the mechanics (using Premier League season 2016/17) in the following thread.
Traditionally, supporters have focused on a club’s profit and loss account, which is not surprising, because: (a) that is what the media tend to report; (b) it is intuitively easy to understand, being basically revenue less expenses (mainly player wages).
Nevertheless, the reported figure is an accounting profit, which is not necessarily a “real” cash profit, as it is based on the accountant’s accruals concept and this can be very different from actual cash movements.
Read 43 tweets
Chelsea’s 2017/18 financial results covered a season when they finished 5th in the Premier League, thus qualifying for the Europa League, and defeated #MUFC to win the FA Cup. Manager Antonio Conte replaced by Maurizio Sarri in July. Some thoughts in the following thread #CFC
#CFC profit before tax increased from £16m to £67m, as revenue rose by £82m (23%) to a record £433m, primarily due to the club’s return to European competition, and profit on player sales was up £44m to £113m. Profit after tax improved from £15m to £62m.
All #CFC revenue streams increased: broadcasting was £42m (26%) higher at £204m, due to Champions League; match day climbed £8m (13%) to £74m, largely for the same reason; while commercial rose £32m (24%) to £165m, mainly from the new Nike kit deal.
Read 43 tweets
Stoke City recently published 2017/18 financial results, covering a season when they were relegated to the Championship after ten consecutive years in the Premier League and had two managerial departures (Mark Hughes and Paul Lambert). Some thoughts in the following thread #SCFC
#SCFC reported a £30m loss before tax, compared to a £5m profit the previous season. This was largely due to £29m impairment that reduced the value of some players in the accounts. Without this non-cash charge, Stoke’s loss would have been less than £1m.
#SCFC revenue dropped £9m (6%) from £136m to £127m, mainly due to TV income, which fell £8m (7%) to £101m, as payments are linked to league position. Commercial was also down £1m (7%) to £19m, but gate receipts rose £0.5m (8%) to £7.7m. Profit on player sales up £19m to £22m.
Read 35 tweets

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