BFC Accounts 2019/20

The accounts for the club have been filed for the year to 31 May 2020.

Overall the picture looks like a big improvement on the previous year, the main factor being the central distribution increasing from £2.4 to £8.1m. This is broadly the £6m that is often mentioned as the value of being in the Championship.

Overall turnover increased from £7.8m to £14.2m. Player wages increased modestly from £8.1m to £11.1m. This represents 78% of turnover. Net profit on player trading amounted to £2.8m and importantly this is net of player amortisation.

The operating loss after all expenses was £3.1m but this was partially offset by the profit on player sales to leave a small loss of just short of £0.3m. This is compared to a loss of £3.4m the previous year.

I’ll have a more detailed look today but things looked pretty good although it’s worth noting that only around two months were impacted by the pandemic.

 

Transfers look quite interesting.

The players in over the period are:
Luke Thomas
Mike Bahre
Malik Wilks
Aapo Halme
Bambo Diaby
Mads Andersen
Toby Sibbick
Connor Chaplin
Patrick Schmidt
Clark Odour
Michael Sollbauer
Marcel Ritzmaier

Although few will know how much each one cost the total spend was £6.3m

The sales of Ethan Pinnock, Liam Lindsay and Kieffer Moore, in total suggests a transfer fee of £8.2m

 

One point in the accounts that shows BFC investments have used the club for cash is the unrecoverable balance in note 24 of the accounts. £750k was paid to Oakwell holdings (Cryne investment vehicle) by the club to BFC investments to meet this cost as part of an incentive clause in the original purchase.

This is shown as non-recoverable, in simple terms the money went to BFC investments to pay Oakwell Holdings and will not be repaid. Excluding this cost the club would have turned a profit of £400k

The loss of Bambo Diaby, I believe, is shown as player impairment of £480k but this is supposition.

 

Accounts really aren't my thing, so excuse the possible stupidity of my question! Is the £750,000 paid an installment for the purchase of the club from the Crynes?

 

Thanks Archerfield and more importantly for putting in layman's terms,just words and numbers to me.

 

The wording suggests it is an incentive payment, I would have thought that means this is on top of the original agreed payments and reflects the relative success of the club.

 

How in God's name are we ever gonna be a big club if we're filing our accounts on time. Shows a complete lack of ambition. Sack the board! Iley out!

#teamslikebarnsley

 

A success tax, paid not by the company that made the deal, but by the club.

 

This is more important than any on-field results, great to see the club being run as sustainably as possible.

 

Pinnock and Moore should have been £8 million each. It would have been if they’d played for Peterborough!

 

That's what Peterborough would claim anyway.

Looks like they did reinvest transfer fees back into the squad, either in transfer fees or wages, during that August '19 window. They just spent it badly!

 

How did they spend it badly ?

Luke Thomas - jury still out
Mike Bahre - didn't work
Malik Wilks - didn't work
Aapo Halme - lots of potential
Bambo Diaby - unfortunate, but showed lots of potential
Mads Andersen - Superb
Toby Sibbick - Superb
Connor Chaplin - needs a proper run.
Patrick Schmidt - jury still out
Clark Odour - Needs a run / potential
Michael Sollbauer - Superb
Marcel Ritzmaier - jury still out

 

Conor Chaplin would be one of first on transfer list if it were up to me.

 

If we paid that for those and only got that for them players we overspent and had our pants down. I will echo what Gally posted further up what the club said about the fans keeping the club alive. Each and every one of us who ploughed money in to the club to not be able to go to Oakwell have played their bit. Not just seasonal membership holders but anyone who bought a game for a tenner on iFollow, bought a programme, bought some club merchandise etc. Every bit has helped the club.

 

I'm glad it's not down to you then. 15 Championship goals in 2 seasons isn't a bad return. The Massives down the road paid £10 Million for Jordan Rhodes - who got that many in 4 seasons

 

Really? I was a bit disappointed that we didn't see him in either of the play-off games. He's not everyone's cup of tea, but the lad has energy and might just have given us something different up top.

 

There can't be any debate that the summer transfer window was no good. Imagine if we'd signed Sollbauer in the summer and only signed one, maybe two, of Diaby, Halme, Andersen, or Sibbick. The latter two have become very good, but they were thrown to the wolves with no experience alongside them pre-January. That very nearly cost us our place in the league.

 

13 in 47......

https://www.soccerbase.com/players/player.sd?player_id=79825&season_id=152

4 in 39.......

https://www.soccerbase.com/players/player.sd?player_id=79825&season_id=153

His first season wasn't bad and last season he should have pushed on by at least equaling his first season. Instead he went goal shy. 17 in 86 isn't too bad but for us to push on using the momentum of the past season we can't be sentimental.