2021 Accounts filed so far

If you follow the link to Twitter in Loko's post above, it's identified in one of the subsequent tweets.

 

The more I read of this thread, the more out of love I fall with football.

 

I agree but it's been in this position for a long time. The football authorities will use whatever means they can to sustain this house of cards built on sand

Like a lot of folk on here I'm thoroughly disenchanted with whole mess

 

Wonder what the total debt for all league clubs is. The vast majority of which has gone on paying people to play football.

 

What is the point of the FFP rules? By the time there's any enforcement, the damage has already been done. These owners also seem to have the ability to chase the dream, but without any personal liability themselves. Morris has been able to just call in the administrators at Derby, no doubt costing people there jobs, and he's now able to hold things up further so he can claw back money for the stadium that he seemingly sold to himself.

I'd prefer a live salary cap based on projected turnover. If owners want to invest more, they have to put the money up in a form that isn't a loan. Then get real time auditing in place, with points deductions for breaches, and heavier deductions for any attempts to manipulate a higher cap.

Rugby League is able to enforce a live salary cap, and they only have a fraction of the resources available than football has.

 

Our accounts are now showing as received by Companies House, but are not yet available to view..

https://find-and-update.company-information.service.gov.uk/company/04573250/filing-history

 

The excitement amongst the bean counters is palpable!

 

And the laymen all await your translation to us like the Hebrews when Moses came down from Mount Sinai...

 

Arsenal £107m loss, £85m blamed on Covid.
Lost £3m for every home game without fans played.
Season tickets as a result going up by 4%, first increase in 7 years but fans saying price increase unjustified.

 

Ludicrous isn't it? Fans pay another 4% (£36 minimum on already the dearest season tickets in the country*) whilst the same sum could be raised by just cutting player wages by around 1% - they wouldn't even notice that.

* - Arsenal's cheapest season ticket for the 2021/22 campaign was priced at a whopping £891 - the most expensive in the division. (Just 19 home games equating to an absolute minimum average price of £47 per game) .

 

TBH two things I took from it was if a club like Arsenal can lose that sort of money Footballs fooked.
Also it’s only the last 2 years they have lost money, so what’s changed(bearing in mind for years they were paying for the stadium), is it just COVID?

 

What's the usual time frame between acknowledgement of receipt and publication?

 

I submitted a few sets electronically on Monday and they’re available already. If they’ve been sent by post it’ll be a bit longer - says 10 days on the register but I would imagine they’ll show up earlier than that

 

I bet you’ve all bought a new abacus in readiness

 

First of all, I wanted to record Barnsley's basic figures here on the same basis as those above. Barnsley lost £4.3m after making a profit on player sales of £3.4m.

Secondly, I wanted to record the numbers for Cardiff City, which were released today. Cardiff are still receiving parachute payments. The sum this year was £48.4m. However, in spite of that they managed to incur losses of £11m after accounting for a profit on player sales of £2.9m. Their accumulated losses now stand at £194.2m and in addition to Share Capital of £52.4m, they owe their owners and companies controlled by them £194.8m.

 

Luton's now published. Will let the more qualified dissect to see any comparison with ours. Apparently they have is an average player salary of £6,500. Did our average player salary become apparent?

 

Blackpool and Nottingham Forest filed on Monday. I have used the Group Accounts for Blackpool and remember that they played in League 1 in the year covered by these accounts.

Blackpool

Loss £5,013,591 after profit on player sales of £410,918

Nottingham Forest
Loss £15,526,000 after profit on player sales of ££14,322,000 and owner loan written off £5,000,000.

 

Bournemouth have recorded a profit of £17,072,000 after profit on player sales of £55,791,000. The owner has current loans outstanding of £126,564,000, but seems to have written off £3,629,000 during the year.

 

Any of the accountants dissected the Barnsley FC accounts yet?

 

Yes. The thread is about 9 pages back.