MK Dons accounts published for 2020/21. 🔑 figures
Revenue down 16% to £3.9m
Day to day losses ⬇️ £500k to £2.8m
Wages ⬇️19% to £4.2m. Wages 110% of income
Operating loss ⬇️ £500k to £2.8m
Player purchases £500k
Player sales £2.3m
Debt to Stadium MK (interest free) £12.6m
MK Dons Matchday income ⬇️ due to covid. Offset by Premier League distribution and iFollow passes. Furlough income £325k compared to £536k previous year.
MK Dons had £275k of cash at 30 June 2021. Total losses almost £15m and club dependent on group to stay solvent.
MK Dons Matchday income decrease offset by higher league distribution as PL gave £50m in loans and grants to clubs in L1 and L2. Furlough scheme grants lower than previous season. Player sale profits were over £2m
Employee numbers ⬇️ from 124 to 107. Total wage bill down by £1m but still exceeds income.
MK Dons turned a pre-tax loss to a post-tax profit by transferring losses to other parts of the Stadium MK Group via group relief, which is what I originally thought took place on some NSFW websites.
MK Dons signed players for £499k in 2020/21 and total cost of squad was £829k at end of season.
MK Dons owe other group companies over £12.5m at 30 June 2021. Tax creditors substantially down as club started to repay outstanding PAYE/VAT as the government schemes wound down.
MK Dons may have to pay further transfer fee add-ons of £615k if certain conditions are achieved.
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