Brighton publish 21/22 accounts
🔑 Figures
Revenue ⬆️ £29m to record £174m
Day to day losses £32m but White & Burn sales convert this to £24m profit
Wages 2nd lowest in PL but finished 9th
Net transfer spend £1m
Tony Bloom total investment £499m
Potter compensation £21.5m #BHAFC
Over £500m short term creditors but majority due to Tony Bloom who shows no sign of wanting repayment.
£18m cash in the bank
Brighton generated £9m cash from day to day operations.
Player sales significant but only £25m cash received as deals on instalments
Bloom lent club £70m which allowed it to repay bank loan
Revenue up over £28m due to
Fans returning from lockdown (£20m)
Higher 📺 money linked to finishing 9th (2021 figs artificially high as 44 PL matches in year to 30/6/21)
Commercial income almost doubled following lockdown end
Mwepu retirement resulted in £8m write down
Wages up 6% partly due to matches in front of fans
Paul Barber pay up £800k to £2.9m
Player trading
Purchases £69m
Sales £68m
Player sales on credit and instalments due from other clubs up from £3m to £49m
Brighton owe other clubs £39m in outstanding transfers
Brighton may have to pay a further £34m in add-ons and bonuses if certain achievements are met.
Tony Bloom is owed £406m and has over £90m of shares
Brighton paid £3m for consultation services of Star Lizard, the company that does the clever stuff analysing players and the game.
Since 30 June 2022 the net spend is MINUS £89m, in addition Chelsea paid £21.5m compensation for Graham Potter & other staff.
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Wigan new owners Phoenix 2021 publish 2022 accounts, the first full figs since former owner (and 5* Wrong 'Un) Au Yeung, put the club into admin weeks after buying it for unknown reasons**
**will spill the beans for anyone who buys me a jar of Marmite
Revenue down compared to 2019 (last year for which full figs available) due to being in L1. Down 85% on WAFC final season in Premier League
Broadcast income by far the largest component for a club such as Wigan in PL and whilst receiving parachutes. Once in L1, only get 12% of the EFL deal compared to 80% in Championship
I was asked on @SkySportsNews why bidders not willing to match the Glazers' asking price of £6bn. This is one way how we crunch the numbers, the discounted cash flow model (DCF). First of all look at this historic performance of the club #MUFC
Then use those figures to work out historic relationships between income, costs, funding etc. Use those to create some working assumptions...and mine are fairly optimistic, 15% income growth pa and no major CAPEX investment for at least 5 years
On the basis of the assumptions project future growth of income, costs and perhaps most importantly cash.
Leicester City publish their 2021/22 accounts. 🔑numbers:
Revenue ⬇️5% to £215m
Wages ⬇️ 5% to £182m
Day to day losses ⬆️ 20% to £79m
Interest costs ⬆️68% to £19m
Player purchases £67m
Player sales £13m
Borrowings £343m but over half written off recently
Revenue down but partly due to technical reasons with extra PL matches being played in year 1 June 2020 to 31 May 2021 due to lockdown
Matchday income at a record £21m, previous season was in front of empty stadiums
Stoke City made a £29m loss from day to day operations in 21/22, down from £46m the previous year but…. #SCFC
…player sale profits reduced this by £10m. A loan from Bet365 of £120m that was never going to be repaid has been formally agreed as never going to be repaid
Stoke had over £50m in the bank at end of 21/22. Excluding the unusual stadium sale profits and debt write off the club has made operating losses over the years of £233 million.
With almost have the Premier League clubs having reported their 2021/22 financial results, here is a short summary of what has been seen to date.
Income up overall 16%. Return from covid more than offset fewer games played than in 2021/22 (which had 7-9 more PL matches in the financial year due to lockdown March-June 2020)
Spurs investment in new stadium paying off as matchday income now only behind MUFC and would have been higher with better cup runs. Arsenal used to be £100m plus but lack of UEFA participation was costly