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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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
Rotherham United income ⬆️ £2.5m in 2020/21 following promotion to EFL Championship. Club made a loss of £860k and had no player sales that reduced the loss.
Rotherham’s total historic losses £3.6m. The club ended the season with £1.8m in the bank, mainly due to taking out an interest free loan from the EFL which had not been fully used.
Main reason for ⬆️ in revenue was higher 📺 money as clubs in Championship get 80% of EFL deal compared to 12% in League One. Previous season Rotherham did receive parachute payments following relegation in 2019. Rotherham claimed furlough of £247k
Project 92 Ltd, parent company of Salford City, lost £91,000 a week in 2020/21
Project 92 has total losses of over £15 million since it was set up in 2015 and liabilities of over £19 million
Salford borrowed £3.8m in 2020 and a further £3.55m in 2021 from a shareholder, possibly Peter Lim, who owns 50% of the club. Club spent £4.3m more than it generated from day to day activities
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