Sheffield Wednesday named Europe's worst financial performers in 2021

Discussion in 'Bulletin Board' started by Archey, Jun 28, 2022.

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  1. Archey

    Archey Well-Known Member

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    Archey, Jun 28, 2022
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  2. Tyke_67

    Tyke_67 Well-Known Member

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    At least they've won something:)
     
    Tyke_67, Jun 28, 2022
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  3. Jam

    Jamo Well-Known Member

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    Good to see they're learning lessons at least by paying what I assume will be substantial wages to the two former Rotherham lads
     
    Jamo, Jun 28, 2022
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  4. MDG

    MDG Well-Known Member

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    When you see figures like £124 million quid as debt then think back to the amount that we were forced into admin with. At least we had some reasonable explanation with ITV digital going tits up.

    Are they at the point where it is impossible to turn round but the owner won't admit it?
     
    MDG, Jun 28, 2022
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  5. Tykeofthetown

    Tykeofthetown Well-Known Member

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    Well knock me down with a feather
     
    Tykeofthetown, Jun 28, 2022
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  6. Tyke The Tree-Frog

    Tyke The Tree-Frog Well-Known Member

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    Anyone know where the full list is? Can't seem to find it!
     
    Tyke The Tree-Frog, Jun 28, 2022
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  7. Tykeored

    Tykeored Well-Known Member

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    Going some to be worse than Derby County
     
    Tykeored, Jun 28, 2022
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  8. Dan

    DannyWilsonLovechild Well-Known Member

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    Surely Man City incur bigger losses? Given the huge amount of recapitalisation they keep doing to write off hundreds of millions of losses.
     
    DannyWilsonLovechild, Jun 28, 2022
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  9. LiverpoolRed

    LiverpoolRed Well-Known Member

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    Aren't Barcelona a billion in debt?
     
    LiverpoolRed, Jun 28, 2022
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  10. Hig

    Higgy Well-Known Member

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    Higgy, Jun 28, 2022
    #10
  11. Hooky feller

    Hooky feller Well-Known Member

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    Don't think it's about overall debt

    Sheffield Wednesday have been labelled as the worst financial performers in all of Europe last year, according to Off The Pitch. Off The Pitch apply a weighted model of EBITDA margin (earning before interest, taxes, depreciation and amortization), return on assets and equity ratio to 185 European clubs to rank each one based on their financial stablility and viability.

    Having compiled a list of most European sides, Wednesday finished bottom of that list. Clubs that include transfer revenue in their total turnover have been excluded to create fairness. After all clubs were ranked, the Owls were placed bottom after a series of financial struggles in recent years.
     
    Hooky feller, Jun 28, 2022
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  12. nezbfc

    nezbfc Well-Known Member

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    nezbfc, Jun 28, 2022
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  13. arabian_ian

    arabian_ian Well-Known Member

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    Hibs and St Mirren in the top 10?
    IMG_3008.jpg
     
    arabian_ian, Jun 28, 2022
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  14. Tyke The Tree-Frog

    Tyke The Tree-Frog Well-Known Member

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    We paid 200 million for Conor. :D
     
    Tyke The Tree-Frog, Jun 28, 2022
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  15. Arc

    Archerfield Well-Known Member

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    Archerfield, Jun 28, 2022
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  16. Brush

    Brush Well-Known Member

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    And there's me thinking the purpose of a football club is to play football but it turns out it's all about making money....
     
    Brush, Jun 29, 2022
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  17. Dan

    DannyWilsonLovechild Well-Known Member

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    DannyWilsonLovechild, Jun 29, 2022
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  18. thetykester

    thetykester Well-Known Member

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    Ahhhhh,I see now, it's the debt that's MASSIVE.
     
    thetykester, Jun 29, 2022
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  19. spu

    spudmurphysslippers Active Member

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    spudmurphysslippers, Jun 29, 2022
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  20. Arc

    Archerfield Well-Known Member

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    To put BFC in context, the average turnover in the Championship, excluding parachute payments is around £20m. In a normal season BFC are around £14m give or take. Typically not the smallest revenue but in the lower reaches around 20th of 24. The big skew is between clubs with parachute payments which virtually doubles the average revenue.

    League one average revenue is around £6m we should be marginally above that at around £8m. Even the bigger clubs in league one like Sunderland and Wednesday only generate around £15m (normalised to take account of the Covid impact on ticket sales).

    In league one our revenue would be expected to be above average but certainly not MASSIVE.
     
    Archerfield, Jun 30, 2022
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