Kieran Maguire Profile picture
Feb 10, 2022 9 tweets 3 min read Read on X
MK Dons accounts published for 2020/21. 🔑 figures
Revenue down 16% to £3.9m
Day to day losses ⬇️ £500k to £2.8m
Wages ⬇️19% to £4.2m. Wages 110% of income
Operating loss ⬇️ £500k to £2.8m
Player purchases £500k
Player sales £2.3m
Debt to Stadium MK (interest free) £12.6m
MK Dons Matchday income ⬇️ due to covid. Offset by Premier League distribution and iFollow passes. Furlough income £325k compared to £536k previous year.
MK Dons had £275k of cash at 30 June 2021. Total losses almost £15m and club dependent on group to stay solvent.
MK Dons Matchday income decrease offset by higher league distribution as PL gave £50m in loans and grants to clubs in L1 and L2. Furlough scheme grants lower than previous season. Player sale profits were over £2m
Employee numbers ⬇️ from 124 to 107. Total wage bill down by £1m but still exceeds income.
MK Dons turned a pre-tax loss to a post-tax profit by transferring losses to other parts of the Stadium MK Group via group relief, which is what I originally thought took place on some NSFW websites.
MK Dons signed players for £499k in 2020/21 and total cost of squad was £829k at end of season.
MK Dons owe other group companies over £12.5m at 30 June 2021. Tax creditors substantially down as club started to repay outstanding PAYE/VAT as the government schemes wound down.
MK Dons may have to pay further transfer fee add-ons of £615k if certain conditions are achieved.

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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
Image
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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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