Russian owned Bournemouth publish their 2020/21 accounts. 🔑figures
Revenue £77m ⬇️ 25%
Wages £57m ⬇️47%
Operating loss £33m ⬇️56%
Player sale profits £56m ⬆️143%
Player purchases £7m
Player sales £68m
Loans £165m ⬆️30% #AFCB
Income down to just over half the levels of two seasons ago, expect another significant fall in 2021/22 as last season includes some PL money as matches played before relegation in the 1 July 2020- 30 June 2021 period
Broadcast income £67m, usually clubs get about £42m from parachute payments plus £2.5m EFL money, but Bournemouth figures higher due to PL matches taking place in the financial year. Broadcast income 88% of total. #AFCB
Commercial income halved mainly due to front of shirt and other deals being worth significantly less in EFL compared to EPL.
Combination of relegation clauses and player disposals meant that wage bill of Bournemouth almost halved in 2020/21. Before fans start a GoFundMe page, average wage still £27,500 a week. Wages 75% of income.
General overheads fell 28% partly due to matches playing BCD.
Transfer fee amortisation (transfer fees/contract period) down a quarter as some players left the club
EBIT losses (operating losses excluding player sales and one off transactions) fell to £33m, meaning club has lost money on a day to day basis 8 years out of last 9. Only way to cover losses is via player sales or owner investment...
Bournemouth player sale profits a record £56m offset the day to day losses easily. Bournemouth also had foresight to take out business interruption insurance which paid out £2.5m
Bournemouth interest charges on loans and player transfers cost £130k a week. Overall impact of these issues on profit before tax was to take it from £57m loss to £17m profit
Despite relegation Bournemouth's highest paid director earned a record £1.88 million, which may have helped fund buy a Bentley for a young Russian wife
Bournemouth bought players for £7m and sold others (who originally cost £37m ) for £68m. Squad cost at end of 2020/21 was still £199m
Despite profits made in year Bournemouth continued to borrow in year taking total borrowings to £165m
• • •
Missing some Tweet in this thread? You can try to
force a refresh
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
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion
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
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
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.
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.
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.
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares.
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
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
Stoke City financial summary. 🔑figures
⚽️Income £31m (no change)
🎟️Matchday £5m (⬇️10%)
⚽️ Wages £30m (⬇️19%)
⚽️ Operating losses £27m (⬇️7%)
⚽️ Player sales £16m
⚽️ Player purchases £3m
⚽️ Squad cost £20m (⬇️71m)
Total income static, but about a quarter of when Stoke were in PL. Stoke earned more than any other non-parachute payment club, mainly due to lucrative sponsor/commercial deals. Champ figs 21/22 unless says otherwise
Ticket sale income ⬇️10% despite crowds staying reasonably static at 20k. Lowest for a non-covid season for over a decade.