Middlesbrough income ⬇️65% and operating losses pre player sales £38 million in year to 30 June 2020 #MFC #Boro 
Middlesbrough total losses now total £206 million and club have £147 million of creditors.
All three revenue sources, Matchday, commercial and broadcast down in 2019/20, but end of parachute payments main driver of fall as TV income went from £40m to £8m. Director pay just £2k but main payment coming from elsewhere in Gibson O’Neill empire.
20 jobs lost at Middlesbrough over the year, wages £160 for every £100 of income. Wage bill ⬇️as players on EPL contracts sold/contracts expired.
Middlesbrough received £581k from furlough and £1.1m from PL grants at rear end of 2019/20
Amortisation (player signings spread over contract life) ⬇️ £7m as players from PL era sold/contracts expired
Player trading for ‘Boro 2019/20: Purchases £6m sales £14m
Middlesbrough owe £7m to other clubs for transfer fee instalments (down from £29m) and £116m to Steve Gibson’s Gibson O’Neill, taking his total investment to £205 million.
Boro have had a net spend of £3.6m on players in 2020/21
Middlesbrough made redundancies in August 2020 as a result of Covid
Importance of Premier League and parachute payments clear from total revenue figures over last decade.
Wages follow income at all clubs. Average weekly wage at Boro now 'just' £14,390 a week.
Boro income puts them mid table in the Championship in terms of income. (note some figs from 2018/19 as still awaiting publication of the 2019/20 accounts, Derby's from 2017/18 as prefers to break the law).
Boro wages mid table too.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
