Crystal Palace lost £58 million in 13 months to 31 July 2020, wages were 93% of income. This is from club statement, full accounts will be published later @kevinhunterday#CPFC
@kevinhunterday Can't draw too many conclusions from figures as some clubs published 12 months & others 13. Best to look over period 2019-21 in due course. Palace 19/20 revenue mid table, Sheff Utd figs show importance of final league position.
Some may be surprised that Palace gross wages > West Ham but after adjusting to 12 months ave weekly wage is lower at 'just' under £57k a week, up 1,304% in a decade. #CPFC
Palace's figures (and they aren't quite comparable with others) show that the 17 PL clubs who have reported to date have collective operating losses of £1,092,500,000
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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.
Rotherham day to day revenues down 46% in 2019/20 due to impact of relegation and a curtailed League One season due to Covid. #RUFC
Rotherham matchday revenue down a third, season ticket sales held up but smaller on the day sales (esp away fans in L1) and no income post lockdown. #RUFC
Broadcast income down 65% as EFL splits TV deal 80% Championship 12% L1 and 8% L2. Rotherham did benefit from some parachute payments in 2019/20 following relegation the previous season. Will bounce back up 2020/21
DCMS report. Richard Masters of PL speaking first, says PL has advanced money due to EFL this season. Also confirmed £50m offer to L1 and L2. Chair of DCMS committee giving him pelters.
Masters says PL won't let any club go bust. DCMS chair describes PL approach as pitiful & that 10 clubs may struggle to make payroll this month.
Masters claiming no strings attached to £50m offer to L1 and L2 clubs other than standard loan terms.
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
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.
Boardroom pay was £10.5 million. Won’t find out highest paid director until UK accounts published.
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
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
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.
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
Gillingham had cash of £248k at 31 May 2019
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.