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.
Barnsley submit 2020/21 accounts. Revenue ⬇️ & costs ⬆️ mean club made higher losses than previous year but still modest by Championship standards. Also claimed £2.8m in furlough to steady the ship. #BFC
Barnsley had over £3m in the bank at 31 May 2021. This was partly due to borrowing money from EFL to pay outstanding tax bills run up during COVID as the club, unlike Mel Morris, believes in paying its tax liabilities.
Barnsley received cash of £7.9m from transfer fee instalments in 2020/21 and borrowed a net £2.7m