Premier League total income for 2019/20 down £633 million compared to previous season as Covid impact from March onwards. Gap between G6 and Other 14 average narrowed from £345m to £303m, which may 'justify' (in their own minds only) Project Big Powergrab & SuperLeague Franchise
EPL matchday income down 14% due to lockdown impact. Manchester United knocked off their perch for first time in EPL history by Spurs, who went from 4th to 1st. G6 clubs had 73% of matchday income, due to bigger stadia & more matches due to UEFA participation.
EPL broadcast income down £703m. Noticeable that Arsenal earned less than Sheffield United, a sign of a club clinging onto its 'Big Six' status?
Commercial income least affected of the three main tiers in EPL in 19/20 as increased by £175m. G6 clubs had 77% of the total.
As a result broadcast revenue fell from 59% to 51% of total income in 2019/20. Expect to bounce back in 2020/21 as more matches shown in the accounting year periods and rebates less severe.
PL wages £3.25 billion in 2019/20, compared to £3.12bn previous season. Would be higher as many contracts performance related & bonuses not paid by 30 June due to lockdown and season not finishing by that date. Mean weekly wage up 3,118% since start of EPL.
Amortisation (transfer fees spread over contract life) £1.37bn in 2019/20 up 6% on previous season. Manchester City leapfrog Chelsea and Manchester United to top the table. Spurs perhaps punching above their weight? Overall wages & amortisation 101% of total income in 19/20.
Profit can be defined in many ways by those wacky accountants. EBIT (operating profit pre-finance costs and excluding player sales and one-off items) was £1.26bn in 2019/20, up from £395m the previous season. Only two clubs made a prpfit compared to 7 in 18/19
EBITDA profit excludes player amortisation & infrastructure depreciation. Some like it as better indicator of 'cash' profit from day to day activities. Clubs went from £1.06bn profit in 18/19 to £209m in 19/20.
Losses can be mitigated by player sales. These totalled £542m in 19/20 compared to £434m the previous season, mainly due to Chelsea selling Hazard.
After taking into account player sales and finance costs on borrowings, EPL clubs overall made a £993m pre-tax loss in 2019/20 compared to £155m in 2018/19. Covid impact will be felt in 2020/21 too.
Player trading: May surprise Arsenal fans but they were the biggest spenders in 2019/20. Total player purchases £1,601bn compared to £1,867m the previous season. Chelsea top the player sales charts for fifth season in a row.
Total cost of squads at end of 19/20 was £7,428,000,000, up £691m on previous summer. Manchester City could have the first £1bn squad cost following purchase of Jack Grealish.
Football Net Debt, defined by UEFA as borrowings plus player transfer creditors less cash less football transfer debtors, was £4.17 billion at end of 19/20. Some loans are from owners and considered 'soft' with zero interest and no demand for repayment (eg Abramovich & Bloom)
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Crystal Palace accounts for 2019/20 published, covers 13 months to include whole of season which ended in July:
Highlights #CPFC
Revenue down 8% to £142m
Wages up 11% to £132m (mainly due to 13 months)
Operating loss £60m
Player sale profits £0.5m
Total income includes all matches from 19/20, down a bit but expected due to loss of matchday & broadcast rebate.
Palace matchday down 19%. In bottom six of EPL which reinforces view that stadium expansion & new stand needed. #CPFC
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
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.
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
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