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.
TV income down £70m.
Commercial income more than halved in Championship compared to PL.
Total income still higher than most Championship clubs as have first year of parachute payments.
Wages still averaged over £860,000 for the year despite relegation clauses.
Wages were £79 for every £100 of income.
Cardiff made a profit in 2018/19 for the first time in a decade but returned to losses in 2019/20. Player sales reduced these losses by almost £14m
Cardiff invested heavily in player signings in a bid to return to the Premier League in 19/20.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with PriceOfFootball

PriceOfFootball Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @KieranMaguire

4 Jun
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.
Read 9 tweets
1 Jun
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 Image
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. ImageImage
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. Image
Read 9 tweets
26 May
Barnsley Income up 82% in 2019/20 despite Covid impact following promotion back to Championship.
Main reason for rise in Barnsley income was 231% increase in TV money from £2.6m to £8.5m.
Barnsley costs increased too especially wages up 37%, average weekly wage £5,168 is still a third of the average in the Championship.
Read 6 tweets
25 May
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.
Read 4 tweets
24 May
Rochdale revenue at a record £4.92m in 2019/20 on the back of a third round cup match at Old Trafford. Image
Matchday income for Rochdale up 68% in 2019/20 despite early curtailment of season. Image
Broadcast income up a quarter, partly due to use of iFollow for matches played BCD. Image
Read 10 tweets
27 Apr
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.
Read 15 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(