Russian owned Bournemouth publish their 2020/21 accounts. 🔑figures
Revenue £77m ⬇️ 25%
Wages £57m ⬇️47%
Operating loss £33m ⬇️56%
Player sale profits £56m ⬆️143%
Player purchases £7m
Player sales £68m
Loans £165m ⬆️30% #AFCB
Income down to just over half the levels of two seasons ago, expect another significant fall in 2021/22 as last season includes some PL money as matches played before relegation in the 1 July 2020- 30 June 2021 period
Broadcast income £67m, usually clubs get about £42m from parachute payments plus £2.5m EFL money, but Bournemouth figures higher due to PL matches taking place in the financial year. Broadcast income 88% of total. #AFCB
Commercial income halved mainly due to front of shirt and other deals being worth significantly less in EFL compared to EPL.
Combination of relegation clauses and player disposals meant that wage bill of Bournemouth almost halved in 2020/21. Before fans start a GoFundMe page, average wage still £27,500 a week. Wages 75% of income.
General overheads fell 28% partly due to matches playing BCD.
Transfer fee amortisation (transfer fees/contract period) down a quarter as some players left the club
EBIT losses (operating losses excluding player sales and one off transactions) fell to £33m, meaning club has lost money on a day to day basis 8 years out of last 9. Only way to cover losses is via player sales or owner investment...
Bournemouth player sale profits a record £56m offset the day to day losses easily. Bournemouth also had foresight to take out business interruption insurance which paid out £2.5m
Bournemouth interest charges on loans and player transfers cost £130k a week. Overall impact of these issues on profit before tax was to take it from £57m loss to £17m profit
Despite relegation Bournemouth's highest paid director earned a record £1.88 million, which may have helped fund buy a Bentley for a young Russian wife
Bournemouth bought players for £7m and sold others (who originally cost £37m ) for £68m. Squad cost at end of 2020/21 was still £199m
Despite profits made in year Bournemouth continued to borrow in year taking total borrowings to £165m
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