Kieran Maguire Profile picture
Apr 9 10 tweets 4 min read Read on X
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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Total losses for Rovers now exceed £320 million Image
Because of difficulties in owners sending cash from India Rovers day to day cash management better than usual. Rovers only borrowed £400k in the year Image
Main football costs (wages & amortisation) £140 for every £100 of income. Highest paid director package ⬆️ over £40k
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Cost of putting together squad ⬇️ from £15m to £13m. Player who left the club originally cost over £7m but sales only brought in £349k. Image
Rovers only owed £50k from other clubs for transfer fees. Rovers owe over £4m on player purchase instalments. Loan from EFL should now be repaid. Venky’s wrote off £21m due to them by converting into shares.
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Rovers may have to pay add ons of nearly £6m if certain conditions achieved. Image
Since 30 June Rovers have had net player sales of £3.4m Image

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More from @KieranMaguire

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
Feb 2
Stoke City financial summary. 🔑figures
⚽️Income £31m (no change)
🎟️Matchday £5m (⬇️10%)
⚽️ Wages £30m (⬇️19%)
⚽️ Operating losses £27m (⬇️7%)
⚽️ Player sales £16m
⚽️ Player purchases £3m
⚽️ Squad cost £20m (⬇️71m) Image
Total income static, but about a quarter of when Stoke were in PL. Stoke earned more than any other non-parachute payment club, mainly due to lucrative sponsor/commercial deals. Champ figs 21/22 unless says otherwise
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Ticket sale income ⬇️10% despite crowds staying reasonably static at 20k. Lowest for a non-covid season for over a decade.
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Read 11 tweets
Jan 17
Luton were promoted last season with these 🔑 figures
Revenue £18.4m (less than half a season one parachute payment for relegated club)
Wages £27.6m (150% of revenue)
Operating loss £21m
Squad cost £11.8m
Player purchases £6.8m
Player sales £4.7m
Creditors £34.6m
Luton revenue up 4% but costs (including promotion bonuses likely to be in region of more than £10m) up 60%, resulting in operating losses almost trebling.
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Tax credits halved Luton’s losses resulting in total losses over the years of £32m. Club had cash in the bank at end of June 2023 Image
Read 8 tweets
Jul 3, 2023
Sheffield United publish 21/22 accounts. Pre tax loss £16m compared to £10m profit pre season due to lower parachutes.
Loss would have been £27m had it not been for player sales
Sheffield United total cumulative losses £42m and have over £80m liabilities due within next year although some unlikely to be called in
£50m of Sheff Utd income from parachutes/EFL tv. Compared to about £8m for clubs without parachutes
Read 8 tweets

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