Kieran Maguire Profile picture
Now you're back in line going not quite as far but in half the time everyone's happy they're finally all the same 'cos everyone's jumping everyone else's train

Feb 10, 2022, 9 tweets

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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