Kieran Maguire Profile picture
Jul 8, 2021 9 tweets 5 min read Read on X
Blackburn made operating losses of over £24 million in 2019/20. Player sales reduced this to ‘just’ £21 million. #Rovers
Blackburn total losses over the years now exceed £282,000,000. This has been funded by loans and shares bought by the Venkys.
Venkys lent #Rovers £14 million in 19/20 on top of £18 million the previous year. I suspect @AndyhHolt is unimpressed at the casino style football finance operations we constantly see in the Championship
All three revenue streams (matchday, broadcast, commercial) at #Rovers down in 19/20. Covid would have played a part at end of season but isn’t responsible for everything. Wages up £3m and £190 for every £100 of income #sustainable
Blackburn highest paid director pay down from £320k to £270k
Blackburn bought players for over £5 million and sold others for £3m
#Rovers owe the Venkys over £140m and other clubs £6m for transfer instalments. Tax creditors have doubled to over £5m as club took advantage of @RishiSunak relaxation of PAYE rules.
Rovers may have to pay other clubs and players up to £5m in add on fees for appearances etc.
Rovers have put in an insurance claim for loss of revenue due to COVID-19 but looks as if the insurance company is trying to wriggle on paying out #smallprint #whatasurprise

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More from @KieranMaguire

Aug 22
A history of Premier League transfer spending. First season (1992/93) total spend was £65m and QPR spent just £197k. Newly promoted Blackburn were the biggest spenders due to Jack Walker's investment in the likes of Alan Shearer, Stuart Ripley, Kevin Gallagher & Graham Le Saux. Image
1993/94 spending up to £78m. Blackburn continue to be the biggest spenders, Champions Manchester United were outspent by...err...Swindon. Image
First £100m spend season, Everton became the first team to eight figures spent in a season with Ferguson, Samways, Amokachi and Barrett all joining the club on big deals. QPR again smallest spenders. Man City and Chelsea outspent by Wimbledon. Image
Read 33 tweets
Apr 13
Chelsea FC Holdings submit 22/23 accounts. 🔑 figs
⚽️Revenue £512m ⬆️ 6%
⚽️Wages £404m ⬆️ 18%
⚽️Player costs (wages & amortisation) £119 for every £100 of revenue
⚽️Day to day losses £249m
⚽️Player purchases £745m
⚽️Player sales £203m
⚽️Borrowings in year £428m
Losses ⬆️ from £242m to £249m for day to day running of club but sale of hotel to another part of group, £30m of financial settlements & player sales ⬇️ this to £90m Image
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion Image
Read 11 tweets
Apr 9
Blackburn submit 2023 accounts 🔑 figs
⚽️Revenue £21m ⬆️ 26%
⚽️Wages £26m ⬆️ 6%
⚽️Operating loss £21m ⬇️3%
⚽️Player purchases £4.8m
⚽️Player sales £0.35m
⚽️Borrowings £141m
Whilst #Rovers 🔑 revenue streams, matchday, broadcast & commercial all ⬆️ significantly. However general overheads ⬆️ too which meant no change to op losses. Sale of Armstrong in 21/22 halved losses
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Both accounts & audit report reference that there is a material uncertainty over ability of club to trade as a going concern. Should no noted that audit report dated December 2023 & things may have improved since then
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Read 10 tweets
Apr 2
Burnley publish 22/23 accounts; 🔑 figs
Revenue £65m ⬇️ 47%
Wages £54m ⬇️ 42%
Loss pre player sales £41m
Player purchases £84m
Player sales £21m
Borrowings £101m
Big change in pre tax profit of £36m in 21/22 to a loss of £36m in 22/23. Mainly due to ⬇️ in revenue following relegation and player sale profits ⬇️ from £54m to £11m. Image
Burnley still have substantial cash but this due to the Club borrowing substantial amounts during the year as liabilities ⬆️. Burnley still profitable over the years. Image
Read 11 tweets
Apr 2
Leicester announce 22/23 accounts for 13 months to 30 June. 🔑 figs
Revenue £177m ⬇️ 17%
Wages £206m ⬆️ 13%
Loss pre player sales £152m ⬆️ 91%
Player sale profits £75m
Player purchases £53m
Player sales £104m
Extending financial year from 31 May to 30 June allowed Leicester to squeeze in sales of Maddison but pre tax loss (start point for PSR) still £90m. Image
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares. Image
Read 8 tweets
Mar 31
Everton publish 22/23 accounts: 🔑 figs
Revenue £172m ⬇️ 5%
Wages £159m ⬇️ 2%
Amortisation £77m ⬆️ 23%
Manager/coaching payoff £7m
Executive payoff £2.5m
Loss pre player sales £130m
Pre tax loss £89m
Player signings £91m
Player sales £61m
Borrowings £341m
Losses ⬆️ due to no longer having Usmanov sponsor deals, wage ⬇️ modest & interest costs doubling Image
Cash balance down as club dealing with significant monthly demands in terms of meeting payroll and new stadium costs. Total losses over the years now £550m Image
Read 12 tweets

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