Newcastle publish 2021 accounts covering 11 months (13 in 2020) when Mike Ashley was still owner. 🔑 figures
Revenue £140m ⬇️ £13m
Wages £107m ⬇️ £14m
Loss £16m ⬇️ £27m
Player purchases £41m ⬇️ £35m
Debt £112m⬆️£5m
Cash £13m ⬇️£50m
Furlough claim £900k #NUFC
Total revenue down mainly due to shorter accounting period and so less earned from sponsors, plus a full year of matches played BCD.
Matchday revenue down 99% due to Covid. Even before Covid it had fallen by almost a quarter during the MA reign.
Broadcast revenue covers 38 matches, unlike many other clubs who had 44 in their 2020/21 accounts as they had 12 rather than 11 months in their accounting period.
Newcastle commercial revenue down 29% and lower than the first season that the club had under MA. Covid had an impact, but not the only reason for the poor figures as less than 10% of commercial revenue of MUFC, MCFC and LFC #NUFC
Wages on face of things down but 2021 figures cover 11 months compared to 13, so weekly wage actually increased from £52k to £54k a week. #NUFC
Other main cost relating to player is amortisation (transfer fees spread over contract length). This down by a third but mainly due to shorter accounting period and big write off of players in 2020.
Underlying losses before one off items and player sales down from £43m to £16m. This was slightly reduced by player sale profits. Overall profits under Ashley £30 million since he bought club.
Newcastle bought players for £41m and had sales of £2m, giving an overall net spend under MA of £195m in 14 years.
Gross squad cost at 30 June was £233m, less than a quarter of some other PL clubs.
Newcastle under MA appear to be the only Premier League club claiming furlough for the last two seasons. I guess that makes him unique.
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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
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