In profit, impressively

[brownblade]

 

[brownblade]

 

[brownblade]

 

[brownblade]

 

[DronnieBlade]

Exactly how it should be.

Well done to them upstairs for stabilising the clubs financial affairs and. seemingly, not writing cheques that can’t be cashed in very difficult circumstances.

UTB

 

[Snowflake]

View attachment 133265

Good news !
Looks like the club is being properly run and not as some on here have suggested.
The current year’s figures should be ok as well with Ramsdales transfer in them, albeit on much lower broadcasting income.

 

[Balham]

Exactly how it should be.

Well done to them upstairs for stabilising the clubs financial affairs and. seemingly, not writing cheques that can’t be cashed in very difficult circumstances.

UTB

Not just that, but the wage bill is clearly hugely incentive driven. Despite the Premier League contracts for the longer serving players and the additions for Berge (6 months), Brewster and Oli the Burke we dropped our wage costs by £10m (annualised to 12 months).

Edit: updated view of the accounts vs last year. I don't have a subscription so can't access the full article so a lot of the middle of this is estimates:

 

[Broomhall Blade]

This is bollocks because according too Porktalk we are f@#ked if we don't go up this season.

 

[Panini]

Great news. I take pride in the fact that we don't think of a £9.5m profit to mean we have £39.5m to spend, unlike some other clubs in a similar position to us.

 

[Champagneblade]

Not just that, but the wage bill is clearly hugely incentive driven. Despite the Premier League contracts for the longer serving players and the additions for Berge (6 months), Brewster and Oli the Burke we dropped our wage costs by £10m (annualised to 12 months).

Edit: updated view of the accounts vs last year. I don't have a subscription so can't access the full article so a lot of the middle of this is estimates:

View attachment 133273

Isn't one set of accounts for 13 months and the other for 11?

Surely the article isn't just comparing as if they are like for like because that's apples and oranges...

Not directed at you Balham Blade I see you have reconstituted them, moreso the article headlines.

I'm quietly impressed how the wages were structured. Got to be thinking there coming down might not be the crippling Armageddon it is for some teams if these were equally sensibly written. Yes we'll lose money, but the club isn't in jeopardy.

 

[Champagneblade]

Great news. I take pride in the fact that we don't think of a £9.5m profit to mean we have £39.5m to spend, unlike some other clubs in a similar position to us.

No but we do have some fans that will now happily convinced themselves there this 'profit' was probably used to buy Beerschot, Chateauroux and fund their training complexes!

 

[Berkshire Blade]

How much did we lose in our last championship season ( promotion bonuses not included?) Ramsdale plus parachute payments might cover that

 

[georgebernardshaw]

This is bollocks because according too Porktalk we are f@#ked if we don't go up this season.

Wasn’t just Porktalk mate, I think you said it yourself…

 

[Balham]

Isn't one set of accounts for 13 months and the other for 11?

Surely the article isn't just comparing as if they are like for like because that's apples and oranges...

Not directed at you Balham Blade I see you have reconstituted them, moreso the article headlines.

I'm quietly impressed how the wages were structured. Got to be thinking there coming down might not be the crippling Armageddon it is for some teams if these were equally sensibly written. Yes we'll lose money, but the club isn't in jeopardy.

Completely agree on the wages. I had assumed in my last attempt to create the 20/21 accounts that the wages would go up slightly. I hadn't appreciated that around 50% would be bonus related - presumably a mix of game and season team and personal objectives, very few of which would have been met: possibly Ramsdale's England call up and McGoldrick's goalscoring being the exceptions.

The irony in comparing the 13 month 19/20 accounts to the 20/21 accounts is that the story of the latter is improved even more when it's restated to 12 months. We came bottom of the league having played 39 of 43 games (and 20 of 21 at home) behind closed doors but made two-thirds of the profit.

How much did we lose in our last championship season ( promotion bonuses not included?) Ramsdale plus parachute payments might cover that

£21.3m, almost all of which was promotion bonuses and therefore covered by cashflow in the following season (if we have any commercial accounting sense - which it appears we do).

 

[Davalon]

Seems more positive than expected

 

[nopigfansintown]

The board and the manager were sensible.The opposite to what has been claimed on here. The incentive based deals (starting in league one) were a stroke of genius. Hopefully they are being maintained. Carrot not stick.

 

[Wireblade]

Sounds positive. I imagine some of the transfer fees will be spread over a few years but hopefully that is factored into the parachute payment money.

 

[Old Programme seller]

I was expecting doom and gloom from the end of year accounts perhaps we’ve been a little fortunate as being in the worlds richest league whilst being in a pandemic perhaps we won’t have to sell to survive

 

[Broomhall Blade]

Wasn’t just Porktalk mate, I think you said it yourself…

You are right I did, I need stop looking at Porktalk.

 

[FATTYFOULKE]

Thing to remember with Porktalk is all their predictions of impending doom for us are all based on wishful thinking and nothing to do with reality

 

[Chingo]

Does it say how much back door Chrissy copped for ?

 

[tincan]

If we reduce "employment costs" from £77.9m finishing p9, with a chance of CL qualification, to £56.5m and relegated with the one of the worst ever points totals, and so losing out on another £170m , doesn't seem so wise to me.

 

[ShockingBadBuy]

But wEeRz moneY gone? StraIght intO BOG ROLLS back pOcKet ,or to BeersChott ,or to thAt indiAn team ,or OtHeR forrIns , or bill gates OR kLaus SchWab ?!?!?!!!!!!?!

it’s all on yoU BettTis

 

[chesblade]

So all this we will be in a mess next season, it might not be as bad as we expect

 

[Bladezz]

To be honest all the Wilder bum boys were right about there being money and it not being spent.

£30m we earnt but went down kills me to my core.

 

[Bladezz]

If we reduce "employment costs" from £77.9m finishing p9, with a chance of CL qualification, to £56.5m and relegated with the one of the worst ever points totals, and so losing out on another £170m , doesn't seem so wise to me.

Crazy when you think about it

 

[Maurice Maurice]

Bog roll prince' blah blah blah, tinpot club blah blah blah, hasn't got a clue blah blah blah, it's Wilders money, get him back blah blah fucking blah....

Come on, where's all the fucking millionaire muppets out there who are all experts in throwing shit at the ownership when they don't have a fucking clue themselves? Surely one of them has an earth shattering comment to make

 

[Harry's Game]

I am not commenting until I see it dissected by the “view from John Street” blog

 

[Le Cynique]

To be honest all the Wilder bum boys were right about there being money and it not being spent.

£30m we earnt but went down kills me to my core.

Wouldn’t have mattered if we’d spent it, we still wouldn’t have stayed up.

 

[Sithblade]

Sounds positive. I imagine some of the transfer fees will be spread over a few years but hopefully that is factored into the parachute payment money.

I'm sure the interview YorkBlade did with the accounts guy, Smith?, said we'd paid a big portion of the transfer fees upfront. So we aren't lumbered with years of paying the fees off.