losses up 1m quid

[blade too long]

http://www.insidermedia.com/insider...sses-widen-despite-blades-season-ticket-surge

operating losses climb to 5.4 million
shows the real cost of running our club is quite frightening

 

[Sean Thornton]

Well at least we know Brannigan wasn't being paid half a million a year as claimed.

 

[Sean Thornton]

The increased OL is more or less all down to an increase in the wage bill.

 

[Sean Thornton]

Accounts available at Companies House beta service for free. Sheffield United Football Club Limited (The)

Same with Blades Leisure Limited.

 

[blade too long]

it shows how little gate receipts affect football clubs
we lose 5.4 m in a year despite getting 3 times the gates of some clubs in our league
in fact 14 clubs get less than one third of our gate income
https://www.statbunker.com/competitions/HomeAttendance?comp_id=525

and we get 5 times bigger gates than 5 clubs

the total sum of people through Fleetwoods gates this season is still 5000 below the record crowd at the Lane, hey ho

 

[Harry's Game]

The increased OL is more or less all down to an increase in the wage bill.

The increased OL is more or less all down to an increase in the wage bill.

 

[zablade]

http://www.insidermedia.com/insider...sses-widen-despite-blades-season-ticket-surge

operating losses climb to 5.4 million
shows the real cost of running our club is quite frightening

Not good, probably ends any hopes of serious money being spent this summer... I'm half expecting Trevor Birch to be re-appointed soon.

 

[Harry's Game]

Not good, probably ends any hopes of serious money being spent this summer... I'm half expecting Trevor Birch to be re-appointed soon.

Yep, the belt is going to be severely tightened for a while, I supose Jim Phipps warned us this was coming in January

 

[Sean Thornton]

Not all of it, he only signed in January. The bloated squad maybe?

 

[Sean Thornton]

Not good, probably ends any hopes of serious money being spent this summer... I'm half expecting Trevor Birch to be re-appointed soon.

The £8 million going this season is a bigger worry. Those figures are for 14/15 and it's not hard to see it getting worse this year, again via the wage bill.

 

[Harry's Game]

The increased OL is more or less all down to an increase in the wage bill.

 

[LoughboroBlade]

The £8 million going this season is a bigger worry. Those figures are for 14/15 and it's not hard to see it getting worse this year, again via the wage bill.

Indeed. Little wonder really why there's been such pressure to reduce to wage bill...

 

[blade too long]

Weve already unloaded a few and with several contracts expiring we are deflating the squad, the board backing will fill the gaps and there will be sales and buys next season, wont see many million pounders coming in though

To be honest theres no one safe from selling or would cause great consternation if sold , is there, provided theres incoming

 

[Sean Thornton]

Bloated?

 

[Sothall_Blade]

The increased OL is more or less all down to an increase in the wage bill.

I'm not doubting that's true but I can't see where it says it in the accounts. It does say this:-

 

[Esablade]

So what is the wage bill?
The last thing I read about it was in the 2013 reports where it was reported that a saving of £4.1 million was made on player wages?

 

[yorkshirecoast]

If our main concern is balancing the books then we can look forward to more years of disappointment and lower league football.

Any news on Chinese Dave and the new investment?!

 

[Balham]

I presume that the accounts to 30/6/15 include the severance costs linked to two years of Clough's contract and those of his backroom staff. Simple way to reduce the losses next season is to not sack this year's manager 12 months into his contract.

 

[alcoblade]

Thanks Nigel Clough. So glad we fucked you off before you totally ruined us.


And McCabe - hang your head in shame, you incompetent fool.

UTB

 

[nopigfansintown]

I'm actually pleasantly surprised by this. I expected much worse.

 

[Sean Thornton]

I'm not doubting that's true but I can't see where it says it in the accounts. It does say this:-

View attachment 16870

The accounts show turnover increased by around £65k. Cost of sales went up by £1.1m. Actual wage costs increased by £1.28 million but included would be directors remuneration of £169k which I would expect would be included in admin expenses ( which went down by around £37k).

Based on that note, it appears that the £1.1 million Loss in football revenue was covered by an increase in hospitality etc, it only - more or less, broke even on that increase.

Wages went up by £1.1 million but the employees note gives an average of just an extra three employees for football related activities and five for non football. A million quid increase? That's some high earners brought in. Edit as Balham says, Cloughs pay off etc? Which would explain the increase in "other creditors"

There must be a reduction in other cost of sales for those figures to add up or a re analysis of expenditure to admin this year. But who knows what that breakdown is?

 

[Sean Thornton]

I presume that the accounts to 30/6/15 include the severance costs linked to two years of Clough's contract and those of his backroom staff. Simple way to reduce the losses next season is to not sack this year's manager 12 months into his contract.

The note in the review suggests the cost of sales increase is down to hospitality etc costs though, despite the wages increase.

 

[UnitedBlade]

So what is the wage bill?
The last thing I read about it was in the 2013 reports where it was reported that a saving of £4.1 million was made on player wages?

The football club's wages are up to £9.6M including social security and pension costs (up from £8.3M previous year).

Wages and salaries alone are £8.6M.

101 football related wages, 61 non football.

SCMP wage costs can only be a maximum of £6.5M (60% of turnover). Embarrassingly, it could well have been around that level.

My conclusion: value for money from our first team playing squad is utterly disgraceful. Running this club is incredibly expensive, I'm glad I'm not funding it (not that I have the money).

Someone needs to shift the dead wood and please recruit the right players for next season.

 

[Sean Thornton]

The football club's wages are up to £9.6M including social security and pension costs (up from £8.3M previous year).

Wages and salaries alone are £8.6M.

101 football related wages, 61 non football.

SCMP wage costs can only be a maximum of £6.5M (60% of turnover). Embarrassingly, it could well have been around that level.

My conclusion: value for money from our first team playing squad is utterly disgraceful. Running this club is incredibly expensive, I'm glad I'm not funding it (not that I have the money).

Someone needs to shift the dead wood and please recruit the right players for next season.

More worryingly the share investment which affects the SCMP limit means that wages could be more.

 

[wizadry]

it shows how little gate receipts affect football clubs
we lose 5.4 m in a year despite getting 3 times the gates of some clubs in our league
in fact 14 clubs get less than one third of our gate income
https://www.statbunker.com/competitions/HomeAttendance?comp_id=525

and we get 5 times bigger gates than 5 clubs

the total sum of people through Fleetwoods gates this season is still 5000 below the record crowd at the Lane, hey ho

Gate receipts should or can make a difference if you're run in the right way, we clearly aren't.

 

[blade too long]

Gate receipts should or can make a difference if you're run in the right way, we clearly aren't.

and newcastle 56 k sunderland 49k and villa 42k all benefit from bigger gates in the prem dont they

championship average attendances will rocket next season

 

[wizadry]

and newcastle 56 k sunderland 49k and villa 42k all benefit from bigger gates in the prem dont they

championship average attendances will rocket next season

Have the three clubs in question announced losses recently irrespective of League position?

Back to my point, we should be able to bring in better players than any other club in our league partly down to the gate receipts brought in so long as we are being managed right in every department from boardroom to the academy. The clubs you mention won't be able to get the pick of players due to other more desirable and more ambitious clubs.

 

[Esablade]

The football club's wages are up to £9.6M including social security and pension costs (up from £8.3M previous year).

Wages and salaries alone are £8.6M.

101 football related wages, 61 non football.

SCMP wage costs can only be a maximum of £6.5M (60% of turnover). Embarrassingly, it could well have been around that level.

My conclusion: value for money from our first team playing squad is utterly disgraceful. Running this club is incredibly expensive, I'm glad I'm not funding it (not that I have the money).

Someone needs to shift the dead wood and please recruit the right players for next season.

Would Clough's staff pay off be included in that 9.6M as wages?

That's interesting because in the 2013 accounts they're listed as :

8,871 down from 12,744 the previous year..

I couldn't find owt for L1 but Championship wage bills for 2013/14 are here:

http://www.theguardian.com/news/dat...p-club-accounts-profit-loss-and-the-wage-bill

Not sure if the figures will have changed that much but:

Peterborough :6.2, Barnsley: 7.7, Blackpool: 11.6 make up the bottom three...Wendy's just above at 11.9


Which might suggest our wage bill is not so out of line with a team expecting to be pushing for the championship?

 

[blade too long]

Have the three clubs in question announced losses recently irrespective of League position?

Back to my point, we should be able to bring in better players than any other club in our league partly down to the gate receipts brought in so long as we are being managed right in every department from boardroom to the academy. The clubs you mention won't be able to get the pick of players due to other more desirable and more ambitious clubs.

BIGGER GROUND BIGGER RUNNING COSTS
do Sainsburys pay more for a hypermarket than Dev pays for his corner shop

 

[Sean Thornton]

Have the three clubs in question announced losses recently irrespective of League position?

Back to my point, we should be able to bring in better players than any other club in our league partly down to the gate receipts brought in so long as we are being managed right in every department from boardroom to the academy. The clubs you mention won't be able to get the pick of players due to other more desirable and more ambitious clubs.

I think I read last week Newcastle made £18 m profit last year.