2021 Accounts filed so far

Did I read right, that they borrowed more money, despite making such a profit?

 

Thanks for that. Had to do a search but found it
https://barnsleyfc.org.uk/threads/bfc-accounts-2021.312517/

 

It is important to remember that profit is not necessarily cash. Bournemouth needed extra cash because they had to finance higher transfer fee debtors (£19,704,000), they paid off transfer fees owed (£10,301,000) they paid off some of the trade creditors owed (£20,478,000) and they paid off some of the PAYE they owed (£17,243,000). They also had less Deferred Income (£28,126,000). So even though in theory they had made money, they had to reduce their debts and that meant borrowing money.

Bournemouth owe £128,564,000 to their owner in addition to share capital of £21,110,000. Their Profit and Loss Account balance (basically the historical total of the companies profit or loss since its foundation) stands at a combined loss of £118,373,000.

 

Four football clubs with 30 June year ends have filed since 1 April. They are:

Blackburn Rovers - Loss of £6,582,107 after a profit on the sale of players of £13,029,270
Huddersfield Town - Profit of £2,747,592 after a profit on sale of players of £10,147,499
Fulham (Premier League) - Loss £94,352,000 after a profit on sale of players of just £146,000
Middlesbrough - Loss £24,978,000 after profit on sale of players of £4,271,000 and a property revaluation of £5,413,000

 

The thing I find most surprising (among which there are many things I find surprising in football and how clubs are run) is the level of losses some clubs make that you just can't see where the losses are coming from. I mean Middlesbrough. I'm sure they paid Warnock a few pennies, but to lose double digits with what was a really poor squad last season... thats just incredible. Some of the wages for bang average players must be extraordinary.

 

There was a lot of losses that led to mediocre teams last season. Blackburn, Boro, Stoke, Forest (I think).

We saw last season that despite earning 10,000s per week, the bulk of players cannot pass the ball when faced with an organised press.

Players are being vastly overpaid relative to their ability. The only thing that I can see changing anything is a cap on a clubs wage bill.

 

Absolutely. The quality in the division this season is as poor as I can remember, yet it wouldn't surprise me if the collective championship wage bill is one of the highest theres been. Certainly our wage bill has been getting more and more and contributed to our huge loss last year, despite a boosted turnover due to covid subsidies.

The clubs would have to vote on a cap though. And given just about every club is increasing its losses, I'm not sure thats going to get a majority through to change things. I can see a Premier League 2 being on the cards in the next 5-10 years, or at least the push for one as the heavily indebted and self entitled clutch at straws.

 

Our players can't pass the ball without facing an organised press.

 

Sheffield United (Premier League)

Profit £9,563,866 after profit on player sales of £1,133,571

 

I thought that Stoke would be bad because they are late in filing.

Loss £42,345,000 after profit on sale of players just £895,000.

 

I relate to this. I look at the figures in this thread and then look at the team the figures relate to (and it is the team, football is in such a financial mess because of the ridiculous salaries paid to players) and I think: why on earth did you pay so much money to so little talent? Are you out of your minds?

 

This is where you get to when you start throwing money about in pursuit of the Premier League dream. I seem to read only criticism of our owners because they do not join in, when in my opinion, the criticism should directed at the EFL for not applying existing FFP rules more vigorously, or the Championship Clubs for agreeing to rules that were designed not to put an end to the practice. It is rich men cheating, and the fact that their cheating has not been successful does not alter the fact that it is cheating. The proposed new FIFA rules extend that allegation to the very top clubs in the Premier League.

 

I don't want our owners to put any money in. I'm more concerned with them taking it out.

 

Exactly.

 

Fair comment.

 

I don't think the issue is how vigorously FFP rules are applied, though that is an issue, but the issue is with the rules themselves. You can seemingly lose £13m per year for three years, without any mitigations. Not entirely sure what that is supposed to achieve. It didn't stop Derby from overspending to chase the PL, nor did it protect them from the decisions that Morris took on behalf of the club.

Then you have the clubs that avoid any punishment by being promoted. Suspect that Bournemouth will be the next case of that happening.

 

That’s what happens when you have 3 different organisations running English Football(FA, PL,EFL) all with different agendas.

 

Just wanted to acknowledge and say thanks for this thread RR - and for updating it with the latest results. It's interesting, and alarming.

 

And nauseating.

 

Was that loss also after the sale of the stadium that they managed to sneak in just before a rule change on how those sales would be handled?