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David Frazer |
February 29, 2024, 10:43am |
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Interesting set of accounts my fishy friends ,im no accountant so i cant really comment on them however i do note that Jason and Andrew have put in £3million ! Can you tell me the difference between them putting money into your club like ours do ? Which is fantastic for both clubs however ours is going to finish top 10 in league 1 and yours in the bottom 4 in league2.
Mmmmmm
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grimps |
February 29, 2024, 10:43am |
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balderdashWhiskey Drinker
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Does anyone know how much we are paying non footballing staff (wage bill apart from footballers)?
That's what I was thinking , are we assuming that the increased wage bill has all gone on playing staff ?
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BobbyCummingsTackle |
February 29, 2024, 10:43am |
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I wonder if our commercial revenue being slightly down is partly (or mostly?) as a result of the dog's breakfast Macron have made of supplying kit to the club shop.
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| Miss Scunthorpe. Not a beauty pageant, just sound advice. |
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Poojah |
February 29, 2024, 10:47am |
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I wonder if our commercial revenue being slightly down is partly (or mostly?) as a result of the dog's breakfast Macron have made of supplying kit to the club shop.
I assume that’s captured under “retail”, which has gone up quite a bit in all fairness.
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| A smooth sea never made a skillful mariner. |
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Poojah |
February 29, 2024, 10:48am |
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That's what I was thinking , are we assuming that the increased wage bill has all gone on playing staff ?
That would clearly be an incorrect assumption, of course. The exact details were not going to find out however; these are already as transparent a set of accounts as you are likely to find.
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| A smooth sea never made a skillful mariner. |
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friskneymariner |
February 29, 2024, 10:49am |
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Great. Dark and gloomy. Metaphorical.
all set for the Gotterramadung then.
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Mappers |
February 29, 2024, 10:52am |
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I won't refer my AAT 4 textbook from 20 years ago as it's likely in the bin.
I think as a one off it's very impressive Poojah as I doubt many clubs (do any ) turn a profit these days , they must have accounted for about a 1 million loss at the start of the 22/23 season which was effectively written off from the cup run money then some .
Fenty is paid up , confirmed . Good news .
They are willing to convert loans nto shares - good news . Maybe in the hope of making it a more attractive proposition for investors , there are not many debt free clubs and it always looks better on the balance sheet .
Aussie it's difficult to know but the playing budget was likely a lot higher than many thought even the 23/23 season I would say you could guess at what the ratio is 88% of 4.52 million which is around 4 million so 4 million for all staff wages ,you would have thought 2.5- 3 million was playing budget going off the ratio at other clubs .
Obviously the next set of accounts won't be anywhere near as impressive , I'm assuming the playing budget was higher and we just recruited really really badly - it's weird . Everything off the pitch seems good but on it .....
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MarinerWY |
February 29, 2024, 10:59am |
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Comparing last season with our previous, mostly normal League Two season, turnover increased from £3.4m to £6.8m - effectively double (98.5% if we account for rounding). Staff costs increased from £2.7m to £4.0m, an increase of 47%.
Which season were you comparing to Poojah? The season we were previously in League 2 (prior to last season) would of been 20/21 right? Just wondering if turnover would have been majorly impacted by no fans in stadiums during lockdown. FWIW I'm with you on not reading these positively; more just a confirmation of how much a money-drain lower league football can be... last season had an exceptional cup run which we won't replicate each season. I know the ambitions to run the club in a 'financially sustainable' way but I just can't see it... maybe I'm being too pessimistic but I'm just not sure where the money is coming from for us to progress.
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Poojah |
February 29, 2024, 11:02am |
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Which season were you comparing to Poojah? The season we were previously in League 2 (prior to last season) would of been 20/21 right? Just wondering if turnover would have been majorly impacted by no fans in stadiums during lockdown.
FWIW I'm with you on not reading these positively; more just a confirmation of how much a money-drain lower league football can be... last season had an exceptional cup run which we won't replicate each season. I know the ambitions to run the club in a 'financially sustainable' way but I just can't see it... maybe I'm being too pessimistic but I'm just not sure where the money is coming from for us to progress.
19/20 - I discounted 20/21 as it was a freak season on so many levels and not really fit for comparison.
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| A smooth sea never made a skillful mariner. |
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Hagrid |
February 29, 2024, 11:06am |
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Interesting set of accounts my fishy friends ,im no accountant so i cant really comment on them however i do note that Jason and Andrew have put in £3million ! Can you tell me the difference between them putting money into your club like ours do ? Which is fantastic for both clubs however ours is going to finish top 10 in league 1 and yours in the bottom 4 in league2.
Mmmmmm
well least we turned a profit I guess, i note you are 4 million in debt is that right? We've got things very very badly wrong on the pitch this season no doubts about that
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