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
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Fulham publish 2020/21 accounts.
Revenue doubled to £116m but pre tax losses almost did the same going from £48m to £93m despite being in the Premier League #FFC
Fulham had £18m cash in the bank at end of season but total losses over made over the years were a drop my bacon sandwich £493,000,000
To fund the losses (and infrastructure spend) Fulham borrowed £151 million from its parent company in 2020/21 and a further £93m since the end of the season
Phoenix 2021 Ltd, the company that bought Wigan Athletic from the administrators (don’t think it included the statue) publishes results for Jan-June 2021. Club lost £1.5m but player sales ⬇️ this to £600k #WAFC
Phoenix 2021 had over £1m of cash in the bank at 30 June 2021, mainly due to £3.7m injected into club by shareholders when set up.
Wigan did not have any gate receipts due to Covid. Biggest income source was academy grants followed by Premier League solidarity payments. Wages were £214 for every £100 of income as no ST or matchday revenues.
Brighton publish 2020/21 accounts. 🔑 numbers
Income £152m (up 14%)
Wages £109m (up 6%)
Operating losses £50m (down 20%)
Player purchases £31m
Player sales £17m
Owner total investment £427m #BHAFC
Not all clubs have published 2020/21 accounts, Brighton income record level for club despite matches BCD & broadcast rebate (about £3m). Lowest of clubs who have reported 2020/21 figures to date.
Broadcast income 81% of total for Brighton, higher than previous season as played 44 games in PL in year to 30 June 2021 compared to 32 the previous year impacted by Covid/lockdown. Still lowest of clubs reporting to date for last season though
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.