Kieran Maguire Profile picture
Apr 7, 2022 12 tweets 4 min read Read on X
Stoke City lost £43 million from day to day trading in 2020/21 but were able to sell the stadium and training ground for £85m before the 1 July 2021 deadline when property sale profits were no longer allowed for FFP #MelMorrisLikesThis
Sale of stadium meant that Stoke had over £90m in the bank at 31 May 2021. Total losses over the years were £181 million
As well as the property sale Stoke borrowed a further £25m in the year to boost their cash balance
High property sale value of £85m exceeded the valuation in 2020 due to high maintenance costs in earlier years of the stadium and inflation in the construction industry
Stoke were hit by COVID in terms of ticket sales. Broadcast income, mainly parachute 🪂 payments, were 70% of total revenue.
Stoke wrote down player values by £3.75m, lower than the £42.5m the previous season having signed a load of 🦃 🦃 🦃. Amortisation costs ⬇️2/3 as a result. Stoke claimed £2.5m in covid insurance.
Stoke wage bill £50m, which is high for a club in third year in Championship following relegation. Ave weekly wage £23k, which even with current high inflation, should buy you a few packets of oatcakes in Hanley.
Stoke signed players for £5m and had sales (or let go) for £1.5m on players who originally cost £34m 🦃🦃🦃
Stoke owe Bet365 £250m, repayment estimated as taking place on 12th of Never, so Bet365 have effectively kissed goodbye to £160m of it recently
Following sale of stadium etc future rental on properties will be about £4.7m a year…suspect the landlord might add those sums to the amount the club already owes.
Stoke have bought players for £4.6m and had sales of £12m since 1 June 2021

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More from @KieranMaguire

Aug 22
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. Image
1993/94 spending up to £78m. Blackburn continue to be the biggest spenders, Champions Manchester United were outspent by...err...Swindon. Image
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. Image
Read 33 tweets
Apr 13
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 Image
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion Image
Read 11 tweets
Apr 9
Blackburn submit 2023 accounts 🔑 figs
⚽️Revenue £21m ⬆️ 26%
⚽️Wages £26m ⬆️ 6%
⚽️Operating loss £21m ⬇️3%
⚽️Player purchases £4.8m
⚽️Player sales £0.35m
⚽️Borrowings £141m
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
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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
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Read 10 tweets
Apr 2
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. Image
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. Image
Read 11 tweets
Apr 2
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. Image
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares. Image
Read 8 tweets
Mar 31
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 Image
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 Image
Read 12 tweets

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