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

8 Jul
Forest Green Rovers of League Two do publish full accounts for 14 months accounts for 19/20 and made a profit of £800k, although the club did receive over £2.6m of sponsorship from other companies in the group #FGR
FGR cash substantially down and total losses over the years exceed £12.7 million.
FGR income up 30% despite Covid. Matchday income just 11% of total as commercial income from other companies in group substantial. Also had furlough income of £433k & £250k from Bolton after professional wrong ‘un weaselled on Christian Doidge deal
Read 6 tweets
8 Jul
Salford City lost £65,000 a week in their first season in the EFL in 2019/20 and total losses now exceed £9 million. Disappointing that @GNev2 takes advantage of legislation to only show the bare minimum information. Other clubs such as Carlisle in L2 far more transparent.
Salford signed players for £280k in 2019/20. Not possible to determine sales due to lack of transparency
Salford owe owners Project 92 Ltd £5.8 million at 30 June 2020. Owners also put £2.5m into club via a share issue.
Read 7 tweets
7 Jul
In a drop your bacon sandwich start to the day Fulham report operating losses of £73 million for 2019/20, although player sales reduce this by £25m.
Fulham’s total losses over the years now exceed £402,000,000 but club still have cash in the bank as shares and loans from owners cover the losses.
Fulham’s income fell by almost £80m following relegation with broadcast income mainly in form of parachute 🪂 payments representing £75% of total. Wages down £15m. Average wage £34,000 per week, which to be fair doesn’t buy you much in West London
Read 8 tweets
6 Jul
MK Dons had operating losses of £63,000 a week in 2019/20 in League One, slightly down on previous season in League Two. Image
MK Dons total losses nearly £16m, club technically insolvent but should be okay as losses underwritten by loans from owners. Image
MK Dins income up 10% overall. Would have been higher but season curtailed due to Covid. Club claimed over £1/2 million from furlough scheme for period to 30 June 2020. Image
Read 6 tweets
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
3 Jun
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.
Read 9 tweets

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