Despite Covid Shrewsbury income did not fall in 2019/20 as FA Cup money from Liverpool match helped offset loss of revenue from curtailment of season. #SALOP
Matchday income similar in 19/20 to previous season despite fewer matches played. Broadcast income up 14% due to some streaming income & live matches on TV.
Shrewsbury, like many lower league clubs, very dependent upon matchday ticket sales as teams in League One only get 12% of the EFL broadcast deal and solidarity payments.
Shrewsbury wage bill up 4% although the club did also receive £393k in furlough grants. Shrewsbury paid £78 in wages for every £100 of income. Average weekly wage just under £2k a week. Staff numbers fell from 210 to 167.
Shrewsbury day to day losses actually fell in 2019/20, but unlike the previous season they did not have large player sale profits. #Salop made a loss after player sales for first time since 2015
Shrewsbury show that a club can adopt a long term breakeven model and still compete on the pitch as they have made profits over the years of over £13 million.
Shrewsbury broke even in terms of player trading in 2019/20.
Shrewsbury had no debt and over £3m in the bank at end of 19/20, although did take advantage (rightly) of govt pay delay scheme so owed £1/2m in payroll taxes & VAT.
Huddersfield income ⬇️ £66m in 2019/20 following relegation. Club has gone from a £1m profit to a £22.7m loss, although player sales reduced this by £18m. Interest on loans over £80,000 a week. #HTAFC
Huddersfield had over £10m in the bank at end of 19/20. Total losses over the years now exceed £40m
Broadcast income (parachute payments & EFL TV deal) =85% of Huddersfield’s total. Wages more than halved, £57 in wages for every £100 of income. Ave first team weekly wage £14,000.
Cardiff City accounts out for 2019/20: Headlines
Revenue down £80m (64%)
Wages down £17m (33%)
Operating loss of £23m compared to £33m profit
Player sale profits £14m (£2m in 2019)
Player signings £18m
Matchday income halved to £3.7m, Covid did not help but crowds fell too.
Morecambe accounts out for 2019/20. Revenue held up despite season being curtailed due to Covid. #Shrimps
Main cost for clubs is player related, Morecambe have not spent any money on transfer fees for many years but wages are usually about 80% of income. Even so average wages one of the lowest in the EFL at less than £1,100 pw.
Morecambe losses halved in year and club did receive £297k in furlough payments in 2019/20 that helped towards end of season Club has averaged losses of £1/2 million a year in last 8 seasons.
Liverpool publish 2020 results: Headlines
Revenue down 8% to £490m
Wages up 5% to £326m
Net transfer spend zero
Net debt (borrowings less cash) up £28m to £119m #LFC
Overall revenue down but only goes to 31 May and includes 31 PL matches, which will bounce back in 2020/21 as more broadcast income from more matches #LFC still 2nd highest revenues in PL
Matchday income down due to closed stadium and lockdown. Would have been a record amount had it not been for Covid. LFC have 31 May year end, some other clubs have 30 June or 31 July so squeezed in more matches.