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22 Oct, 5 tweets, 2 min read
Gillingham results for 2019 sent to Companies House. Club lost £10,000 a week due to lower player sales & higher wages. Big investment of £418k on a new pitch Image
Gillingham had cash of £248k at 31 May 2019 Image
Gillingham Employee numbers up from 81 to 105. Could be due to the new school or Steve Evan’s butler and servants are now on the payroll. Image
Gillingham spent £576,000 on asset purchases in 2018/19. Unusually the club does not seem to capitalise player purchases. Image
Gillingham owe £1.8 million to three directors. Interest of 3.5% charged on the loan. In addition Dubai based owner Paul Scally charged the club £168,000 for consultancy services. Image

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More from @KieranMaguire

PriceOfFootball Profile picture
24 Oct
Manchester United’s audited accounts were published overnight. Here are a few random snippets from the 782 page document that weren’t in the headline figures a few days ago. Auditors picked up over £1.1m including £446k for tax avoidance advice. #MUFC Image
75% of Class ‘A’ shares owned by four investment funds. These carry 1 vote each. Glazers own all of the Class ‘B’ shares that carry 10 votes each. Ed Woodward owns shares worth £7.8 million. ImageImage
Boardroom pay was £10.5 million. Won’t find out highest paid director until UK accounts published. Image
Read 14 tweets
PriceOfFootball Profile picture
23 Oct
Manchester United's 2020 results have been summarised via a press release, so here's a dip into what we know to date. Total revenue is down 18% due to a combo of Covid and not qualifying for the Champions League, lowest revenue since 2015. #MUFC Image
Manchester United have had highest revenue in the Premier League for many years. Other clubs have not published 2019/20 figures yet but it will be a battle for top spot, suspect they will maintain their position...just. #MUFC Image
Matchday income has been very consistent over the last decade. Owners have been criticised over many issues but ST prices have been constant now for many years. Loss of fixtures in front of paying audience & no CL main drivers of £21m fall. Image
Read 20 tweets
PriceOfFootball Profile picture
5 Jul
Appreciate others have done this too much better than me, but here is a timeline relating to Wigan and IEC.

May 21, 2018: IEC announces purchase of #WAFC from the Whelan family for £15.9m plus taking over existing loans of £6.5m.
8 June 2018, three weeks after acquiring Wigan, IEC announce a profits warning. #WAFC
12 June 2018, IEC announce a delay in sending out the details of the Wigan takeover to shareholders.
Read 28 tweets
PriceOfFootball Profile picture
15 Jun
The Boundary Park version of Spot the Difference is out, except it’s with the club accounts after they are republished for 2018. (Still no sign of 2019). The (unaudited) original accounts showed a £5.6m profit, new version shows just a £2m profit #OAFC
The original accounts included £51k of goodwill being written off, new version has no write off.#OAFC
The old version of accounts shows no asset sales, the new version shows property with a cost of £2.9 million being sold. Surely you know whether or not you’ve sold a multimillion pound piece of property? #OAFC Old version says assets in June 2017 cost £2.99m but revised is £3.38m
Read 7 tweets
PriceOfFootball Profile picture
8 Apr
Leeds United lost £36 million in 2018/19 despite record revenues for an EFL club not in receipt of parachute payments. Player sale profits ⬇️ this ny £15m #LUFC #MOT
Leeds have made total losses of £58 million over the years #LUFC #MOT
Leeds losses were underwritten by a net £12m of borrowing, mainly from the owners. #LUFC
Read 11 tweets
PriceOfFootball Profile picture
4 Apr
Reading had an operating loss of £40.6m in 2018/19, which is after taking into account £1.7m of management charge income to another group co & £3m loan fee for Sone Aluko to a club controlled by Reading owners. Without these losses would have been over £45m #Royals
Reading reduced losses to ‘just’ £30m through player disposals & selling training ground to club owners for £13m at a profit of over £8m. The previous season Reading did similar with the Majedski Stadium. #Royals
Reading did not receive any cash for the sale of the training ground, it was offset against the sum due to owners, who put in £28m of shares and increased loans by £6.5m #Royals
Read 10 tweets

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