Every fan should watch the CEOs explanation of club finances and priorities here. I thought it was one of the best explanations Ive seen from any of our CEOs about the challenges we have as a club financially https://x.com/barnsleyfc/status/1849145031803765131?s=46&t=maVwlBVh-IrDYvsuBVjM4Q
Does this affect the club meeting financial fair play rules ? Ie the amount being put in by owners It is a stark situation in league one and my concern would be is it may not be sustainable even at championship level. But for the owners to be putting up the cash each year as equity, they must have an exit strategy where they make a profit - but other than making it to the Prem can’t see what that would be
This suggests that the club is not financially viable. Selling out of necessity to help meet the financial shortfall must lead to a gradual weakening of the team, making the goal of championship football unattainable.
FFP doesn't exist in Leagues 1 and 2. SCMP means we can spend 60% of turnover on wages, however the definition of turnover for SCMP includes owner equity injections (not debt), unlike FFP.
Deeply worrying and as far as I can see, this would still be an issue if we were in the championship, albeit we wouldn't lose as much money as we are now. I'm not sure how the club can fully get out of this cycle.
That explanation was fantastic to be honest, really shines a better light on our owners and the sacrifices they're making just to keep the club going. Do we know how much of the 8 million quid we'd make up if we got promoted to the championship with broadcast revenue etc?
But the club would make more money. Bigger crowds, more matchday revenue, being able to demand more for our players when selling and more TV money. There would still be a large hole but we wouldn't be losing 8 million a year. I'd say it would be probably half of that.
Someone will correct me if I'm wrong, but I seem to remember Patrick Cryne - God rest him - saying a few years ago that average player wages in League One were £1800 per week, but in the Championship they were £9K per week. I imagine that gap can only have got wider in the years since. (Although Birmingham are no doubt skewing the 'average' at the moment.) Promotion to the Championship brings further problems with it.
We've all known that the club is not financially viable without player sales. Twas always thus. We've simply been given more precise figures as to what the annual loss presently is, before player trading is taken into account.
Last season, Darragh McAntony, the Peterborough owner, was on talksport talking about referees and stuff. He mentioned if a wrong call gets made in a play off final and it stops them from being promoted, that's £15 million they've just scuppered. He does love an exaggeration but I think it would be around that figure, not sure if it includes potential extra beer and food sales to bigger crowds etc bud
Yep I knew it was slightly different but didn’t know what the wages to turnover ratio was now and if it included equity injections. If it does that’s fine of course for us, for now, but I struggle to see how we can ever become financially self sufficient unless pushing for promotion from the champ and the extra revenue that would bring. The owners must be taking a gamble that they reach the prem and sell up. The accounts published under the crynes always made clear without the beneficial owner the club was not self sustaining
He does love a good mark up does Darragh but i can imagine the promotion would more or less cover the losses we incur each season, i think last time we came down im sure at a fans forum they said we had a 6 million hole we had to plug, so i think with how footballs gone and inflation etc the money earned would be greater.
I think it really does bring home how buggered we could potentially be if these owners decided to pack it in and stop the investment into the club.
Scrape the video now while it's available, trim off the start so it's just the speech from Flatman, and have it on a continuous loop at the top of this forum so we can just point people to it.
In the days before Bosman and agents, Barnsley tended to be in the black more seasons than not. Players lived in semi-detached houses and had part-time summer jobs. Agents take millions out of the game and players wages in the lower leagues are obscene for the standard on show. There should be a wage cap for each division so that you can't spend £17 million on running a football team. Won't happen though.