Aston Villa publish 2020/21 accounts
Revenue ⬆️ £71m mainly due to higher broadcast income
Losses ⬇️ from £100m to £38m #AVFC
Villa have total losses over the years of £584 million, third highest in EPL after Chelsea and Manchester City. Balance sheet shored up though by big cash share issues to owners.
Villa spent £89m cash on players in 2020/21, slightly down from previous season. Owners have put £225 million cash into club via shares issues into Villa in last two years.
Income up despite Covid due to ⬆️ broadcast revenue. This is due to ⬆️ league position than previous season worth about £13m and playing⬆️ PL matches (44 compared to 32) in the year to 31 May 2021 due to impact of lockdown. Villa had a £2.5m business interruption insurance claim
Amortisation (transfer fees spread over contract life) cost down 20% despite large investment in squad. Academy costs (exempt from FFP) nearly £11m
Villa wage bill up £29m. Average weekly wage now £64,000. Highest paid director pay ⬇️ over £450k for year
Villa bought players for £101m in 2020/21 and had sales of £9m
Villa owe about £72m for transfer fee instalments but have no external debt . This is because club issued £225m of shares, which are non repayable, to fund the club. Most commentators* consider this to be best way of funding.
*except for 50% of Glasgow residents
Villa may have to pay a further £51m in transfer fees for players already signed in add-one if specific goals are achieved.
Villa have sold players for £103m and bought others for £141m since 31 May 2021.
Villa included a fascinating* summary of impact of COVID on the club since it started. Could have claimed (but didn’t) furlough of £1.6m, player sales ⬇️ of £9m as market fell etc. Overall cost to club estimated at £56m #AVFC
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Luton Town submit 2021 accounts. Not directly comparable with 2020 which covered 13 months trading. Revenue ⬇️ £2m+ due to COVID. Day to day losses £7m but covid insurance and player sales ⬇️ this to £2m. Previous year showed profit due to bigger player sale gains. #LTFC
Luton had over £1m cash in the bank at end of season and total historic losses were £17m.
Matchday income ⬇️ £3m due to matches BCD. Luton claimed furlough of £579k and had sense to take out business insurance cover which paid out over £2m on covid claim.
Nottingham Forest submit 2021 accounts for 13 months to 30 June 2021. Revenue down £7m due to covid. Day to day losses were £34m, player sales reduced this by £14m.
Forest’s total losses now exceed £200 million
Forest borrowed nearly £15m in 2021 to fund operational losses.
Cardiff submit 2021 accounts. Revenue up as more matches played than in previous season. Day to day losses halved to £12m although player sale profits much lower than before.
Squad book value halved to about £10m, Cardiff owe creditors £114m and have total losses over the years of £199m.
Cardiff had owner investment from loans of £40m in 2020/21.
Wolves submit 2021 accounts. Day to day losses ⬇️ from £45m to £37m but higher player sale profits of £61m (which count towards FFP) & debt write off from Fosun of £126m (which doesn’t) converts this to profit of £145m #WWFC
Wolves finished 2020/21 with £35m in bank. Debt write off strengthened balance sheet as club went from being technically insolvent (but not realistically) to having net assets of £100m
Wolves spent £10m more than they earned from day to day activities. Club paid net £10m in respect of player transfers and so borrowed £35m in the year.
1/ I saw my son last night. He plays a PC game called Foxhole with many others in ‘clans’. His clan includes many young people from all over the world, including Russia and Ukraine. Some of the young Russians are conscripts, they thought there was no chance of an invasion…
2/ as they had been kitted out with weapons from the old Cold War era that were old & unreliable. Before the invasion they had taken to foraging for food as army rations had run out. They also had not had proper training from the military…
3/When the invasion started the Russian and Ukrainian clan members wished each other best wishes, all expressing that this was Putin’s act, and not theirs.