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
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
Total losses for Rovers now exceed £320 million
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
Main football costs (wages & amortisation) £140 for every £100 of income. Highest paid director package ⬆️ over £40k
Cost of putting together squad ⬇️ from £15m to £13m. Player who left the club originally cost over £7m but sales only brought in £349k.
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.
Rovers may have to pay add ons of nearly £6m if certain conditions achieved.
Since 30 June Rovers have had net player sales of £3.4m
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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.
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.
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.
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares.
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
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
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)
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
Ticket sale income ⬇️10% despite crowds staying reasonably static at 20k. Lowest for a non-covid season for over a decade.
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.
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
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