Leeds accounts for 11 months to 30 June 2021 (13 months in 2020) show an operating profit of £5m. Loan interest of £21m was waived resulting in profit before tax of £26m #LUFC
Leeds finished season with £29m in the bank. Club has £209m of liabilities.
Leeds spent £63m cash on players in 2020/21. Share issue, presumably to SF49, generated £23m and club borrowed £63m and repaid £14m of loans
Leeds income almost tripled in 20/21 to £171m, broadcast income main driver, 77% of total. Would have been substantially higher had covid not hit Matchday income so hard
Amortisation (transfer fees over contract) up to £37m. Club had govt grants of over £1m, unclear if these are furlough monies or not. COVID costs estimated at £23m. Wages £108m for 11m compares to £78m for 13m. Ave weekly wage £55k a week
Leeds highest paid director earnings ⬆️ £170k to £577k. Premier League broadcast rebate of £7m was somewhat confusingly charged to the previous season in the Championship
Leeds bought players (some on instalments) for £99m in 2020/21 and had sales of less than £2m
Leeds spent £5m on ground/property improvements in 2020/21. Club was owed £2.6m on instalments on player sales & owed other clubs £85m for players bought. Loans were £54m, including £20m due to related party, not sure if AR of 49’ers.
Leeds converted loans into shares during 2020/21. Bonuses of £35m payable when avoided relegation in that season and will be £48m if avoid relegation this season
Lender (AR?) waived loans of £21m in the year and £8m of loans converted into shares. No rent physically paid on Elland Road for first 33 months of the lease. Majority ownership of Leeds still with AR company in Singapore.
Spreadsheet of figures for last decade
Leeds income in 1st season back in PL puts it between Villa and Southampton, although remember Leeds accounts only cover 11 months.
Broadcast income lower than would expect for a club finishing 9th but many other clubs have 44 PL matches included in their figures in the period 1 July 2020 to 30 June 2021 due to covid lockdown.
Leeds commercial income for 11 months already puts it half way up Premier League totals despite only one Covid impacted season in the division.
Leeds wage bill second lowest in PL but only covers 11 months, would have been £118m on annualised basis. Expect to rise again if avoid relegation due to new signings and contracts. Wages 63% of income well within UEFA guidelines.
Leeds underlying profits (adjusting for one off non-recurring items) of £7m mean it was only one of two clubs to make a profit in 2020/21...both from Yorkshire
Leeds player signings significantly higher than most clubs historically in first season in PL. Squad cost was 2nd lowest in PL at end of season.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Bournemouth publish 23/24 accounts: 🔑figs
⚽️Revenue £170m ⬆️19%
⚽️Wages £136m ⬆️36%
⚽️Underlying loss £55m ⬆️155%
⚽️ Player sale profits £0.3m
⚽️ Pre tax loss £66m
⚽️ Player purchases £141m
⚽️ Player sales £2m
⚽️ Total cost of squad £382m
⚽️Original cost of players sold £37m
⚽️ Borrowings £123m
Bournemouth main revenue source is PL broadcast deal. Matchday generates just £4 out of every £100. Commercial includes loan fees for players. Revenue growth almost 3,200% in just over a decade is spectacular. (PL totals for 22/23 unless says otherwise)
Main costs for clubs are wages and amortisation. New owners have invested heavily in players and that comes with a 36% increase in wages to a record £136m. Still low by PL standards though. Amortisation (transfer fees spread over contract length) up by 49% as cost of staying in PL is not cheap.
Bristol City publish 23/24 accounts: 🔑figs:
⚽️Revenue £42.4m ⬆️16% despite only covering 12 months instead of 13 in 22/23
⚽️Wages £34.9m ⬇️3%
⚽️Underlying losses £22.5m ⬇️20%
⚽️Player sale profits £21.7m ⬆️128%
⚽️Player purchases £3.7m
⚽️Player sales £21.7m
⚽️Total losses over the years £224m
⚽️Total Steve Lansdown investment £282.4m
Development at Ashton Gate has been a big driver of ⬆️revenue at Bristol City, with commercial income now 60% of total. This means that City generate more revenue than any other non-parachute payment club. (Most figures are for 2023, except for the clubs that have not published 2024 such as #BCFC, and Reading, who have a rogue owner who thinks the law does not apply to him).
Main costs for clubs are player related. Staff numbers slightly ⬆️but wage bill ⬇️ due to only 12 months period. Average weekly wage of £16K very competitive for a non-parachute team but wages continue to fall as a proportion of income. Other player related cost is amortisation (player transfers spread over contract life) and this is mid table by divisional standards.
Hull City publish 23/24 accounts: 🔑figures
⚽️Revenue £21.2m ⬆️17%
⚽️ Wages £29.6m ⬆️25%
⚽️Average weekly wage £13,700
⚽️Underlying losses £26.4m ⬆️28%
⚽️ Player sale profits £8.3m ⬇️45%
⚽️Player purchases £8.5m
⚽️Player sales £10.4m (plus £30m post season)
⚽️Loans from owner in year £27.9m
Revenue fairly evenly split, rise in year mainly due to better commercial sales and slight rises in matchday and new EFL TV deal. Only a handful of clubs have submitted 23/24 accounts, Reading's owner thinks the laws of the land do not apply to him so has not yet submitted 22/23
Main costs for clubs are player related. Substantial increase in wages and amortisation (player signings spread over contract length) as new owner invested heavily in playing talent resulting in Hull being at top end of non parachute payers.
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.
1993/94 spending up to £78m. Blackburn continue to be the biggest spenders, Champions Manchester United were outspent by...err...Swindon.
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.
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