Barnsley Fc Financial Accounts to 31 May 2017

Discussion in 'Bulletin Board' started by Red Rain, Mar 2, 2018.

  1. Red

    Red Rain Well-Known Member

    Joined:
    Aug 8, 2005
    Messages:
    4,810
    Likes Received:
    2,863
    Trophy Points:
    113
    Location:
    Wombwell
    Home Page:
    Style:
    Barnsley (full width)
  2. Gordon Owen

    Gordon Owen Well-Known Member

    Joined:
    Jan 8, 2009
    Messages:
    19,789
    Likes Received:
    9,860
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Tarn, sithi
    Style:
    Barnsley (full width)
    Links not working
     
  3. kektyke

    kektyke Well-Known Member

    Joined:
    Aug 11, 2011
    Messages:
    2,885
    Likes Received:
    2,474
    Trophy Points:
    113
    Occupation:
    Warehouse Manager
    Style:
    Barnsley (full width)
  4. blivy

    blivy Well-Known Member

    Joined:
    Nov 29, 2011
    Messages:
    5,575
    Likes Received:
    1,095
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Manchester
    Style:
    Barnsley (full width)
  5. bright red

    bright red Well-Known Member

    Joined:
    Feb 23, 2007
    Messages:
    3,017
    Likes Received:
    729
    Trophy Points:
    113
    Home Page:
    Style:
    Barnsley (full width)
    I’m loathe to say this but has Red Rain lost the plot?
     
  6. orsenkaht

    orsenkaht Well-Known Member

    Joined:
    Nov 7, 2009
    Messages:
    11,240
    Likes Received:
    10,618
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    That was the point of the thread I started on this - I was hoping that Red Rain would give his views and interpretation of the information, even though much of it must be guesswork. That said, there are others with accounting/financial acumen on here, and DannyWilson'sLoveChild and blivy make interesting comments on the other thread.

    I suppose the accounts posted to Y/E 31.05.2017 are in many respects the closing chapter of the Patrick Cryne era. Acknowledging my limited understanding of such matters, they appear to be a very good demonstration of how PC turned the club around. The snapshot of the club's financial position which the figures represent must have been a far rosier picture for our new investors than how the accounts would have looked in the aftermath of Championship relegation. Quite where we would have been headed had Patrick been able to continue and the new investors not have been attracted is a moot, and now academic point. But he achieved his aim of handing the club on in good financial shape to those he judged to have it's best interests at heart, and a new chapter now begins. Given that the purchasing and holding vehicle for the club is incorporated in Hong Kong, I wonder whether we will see the same information for Barnsley Football Club 2002 Limited next year? I guess it depends how the new owners choose to conduct the club's affairs once the dust settles.
     
    Donny Red likes this.
  7. jedstar

    jedstar Well-Known Member

    Joined:
    Aug 19, 2012
    Messages:
    6,698
    Likes Received:
    137
    Trophy Points:
    63
    Location:
    Ardsley
    Style:
    Barnsley (full width)
    'Trade debtors' - would this be transfer fees owed to us in installments?
     
    Tyke Far From Home likes this.
  8. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,310
    Likes Received:
    5,918
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    I couldn't sleep, no need to set off for the game so I decided to look at the accounts while watching the cricket.

    Short synopsis is, and none of this should be particularly surprising, pretty good, no debt and £10m on balance sheet.

    The balance sheet of the club has improved considerably over the year, cash up by £5.2m and debtors up £6m (assumption these are transfer fees agreed but not yet paid).

    At first sight this is offset to some extent by the increase in debt due in the next year. In the last set of accounts we owed £4m, in this set we have debt of £10.5m due in the next year. This seeming increase in debt is because in the prior set of accounts there was a loan amount of £7.5m owing in more than 1 year this has now moved in to current debt. We have about £1.3m in trade creditors (assuming some of these are agreed transfer fees but not paid out.

    A large portion of the £4m debt last year was accruals and deferred income, there is no further detail but I would presume a proportion of this is in relation to the loan amount of £7.5m but can't be sure.

    When you put all this together our balance sheet looks much more robust a position of £3.3m positive compared to a negative position of £9.6m.

    What is clear is that the post event disclosure shows that the loan amount showing in the books of £6.3m was repaid via share issue. In essence if this was, and I think it would have been PC's loan to the club, this was repaid by cash coming in to the club in exchange for newly issued shares. All things being equal the balance sheet will have improved from the £3.3m to around £10m now.

    There has also been player purchases of £1.9m but this will also bolster the balance sheet as intangible fixed assets.
     
  9. Che

    Chef Tyke Well-Known Member

    Joined:
    Jul 17, 2005
    Messages:
    18,330
    Likes Received:
    10,550
    Trophy Points:
    113
    Location:
    West Stand Bogs
    Home Page:
    Style:
    Barnsley
    Thanks mate. So we spent 1.9m on players last summer by the looks of it.
     
  10. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,310
    Likes Received:
    5,918
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    That is the bit that is interesting because post year end Roberts was sold and this figure of £1.9m is net spend. If the rumoured £3m is anything like the truth our transfer outlay was nearly £5m.

    Players signed for a fee were, Mcgeehan, Thiam, Potts, Pinnock, Lindsay, Pearson, Mallan and McCarthy. It seems to suggest that the fees paid were substantially more than I had thought at the time.
     
    Donny Red likes this.
  11. Donny Red

    Donny Red Well-Known Member

    Joined:
    Oct 3, 2016
    Messages:
    8,216
    Likes Received:
    7,042
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired.
    Location:
    Ossett.
    Style:
    Barnsley (full width)
    Thanks to everyone for picking out the salient points in the balance sheet
    which gives a very positive view of our financial position for 2017, but more
    importantly, a massive thank you to the late great Patrick Cryne, his wife and
    son, for their genuine and enduring love and resolute care of our treasured Football Club.
    Without them, it's unlikely that we would have been in the position we now find ourselves in.
     
    BobT and Jamo like this.

Share This Page