19/20 Accounts (22 Viewers)

[Evo1883]

Apparently Stoke City lost 91 million

 

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[wingy]

The club has no further significant stake, think it may be a small %development fee

Thanks for clarifying.

 

[Grendel]

Since those accounts . We will be bringing in more than 12 plus million in solidarity and TV when you include the upcoming season .. something league 1 never afforded us at all .

Lose 3.5 million , gained 6/7 million plus .

Sadly the pandemic happened in between all this .

If we never got promoted then yes it's a big problem

The solidarity gives you about £6 million benefit versus league 1 - I don’t see last year generating £4m transfer surplus either

 

[Grendel]

Apparently Stoke City lost 91 million

Other clubs are largely irrelevant as we have no assets

 

[Evo1883]

The loss seems to be explained pretty straightforward to be honest .

2.2 million administrative costs for the move to St Andrews (huge favour thanks )
And 1.1 Mill lost revenue for the season and pandemic costs

Moving back to the ricoh is so important

 

[Evo1883]

Other clubs are largely irrelevant as we have no assets

We do have more than 3 mill worth of playing assets .

88-91 Mill reported with no more parachute payments , imagine how bad it is for this season for Stoke

 

[Frostie]

Apparently Stoke City lost 91 million

No doubt will sell their stadium to themselves as is seemingly accepted common practice now.

 

[Grendel]

The loss seems to be explained pretty straightforward to be honest .

2.2 million administrative costs for the move to St Andrews (huge favour thanks )
And 1.1 Mill lost revenue for the season and pandemic costs

Moving back to the ricoh is so important

What pandemic costs? We recovered £300k on furlough

We lost revenue by being there and critically we gambled on being able to sell £4 m of our assets. This must be the only place you get praise for frantically selling assets to try and lose only £3 million

 

[Evo1883]

I could see fans being worried about these accounts had we not been promoted , but we were

 

[Brighton Sky Blue]

Other clubs are largely irrelevant as we have no assets

They aren’t really as the league in general is fucked

 

[Evo1883]

What pandemic costs? We recovered £300k on furlough

We lost revenue by being there and critically we gambled on being able to sell £4 m of our assets. This must be the only place you get praise for frantically selling assets to try and lose only £3 million

Just going off the clubs article

 

[Evo1883]

They aren’t really as the league in general is fucked

No club can sustain 90 mill losses In this league without promotion to the prem . Stoke will end up like Sheffield Wednesday

 

[Grendel]

We do have more than 3 mill worth of playing assets .

88-91 Mill reported with no more parachute payments , imagine how bad it is for this season for Stoke

fixed Assets - stole Are owned by Bet 365 aren’t they?

 

[Lord_Nampil]

The loss seems to be explained pretty straightforward to be honest .

2.2 million administrative costs for the move to St Andrews (huge favour thanks )
And 1.1 Mill lost revenue for the season and pandemic costs

Moving back to the ricoh is so important

If we had played the last 5 home games would be interesting to see how much of that 1.1 million was eaten into…..

 

[Evo1883]

If we had played the last 5 home games would be interesting to see how much of that 1.1 million was eaten into…..

I think we would have lost money anyway as the move to St Andrews starved us of atleast 6/7 k tickets a week Irrespective especially considering league position

 

[Grendel]

If we had played the last 5 home games would be interesting to see how much of that 1.1 million was eaten into…..

We’d clearly had more if we were at the Ricoh having a successful season COVID or not

 

[Evo1883]

Club moves to a ground share and loses money ... why are we actually shocked I'm not sure .

The alternative was worse , no season to play

 

[Evo1883]

What was the st Andrews rent then ?

Ridiculous I'm assuming

 

[Grendel]

What was the st Andrews rent then ?

Ridiculous I'm assuming

£800k I’d assume

 

[Ccfcisparks]

Accounts very worrying. If we hadn't have been promoted that season I'm sure there would have been a going concern issue by now.

 

[Winny the Bish]

£800k I’d assume

£800k more than whatever we were paying to rent the Ricoh

 

[Evo1883]

The owners could just be like normal owners and pay the 3.5 million and write it off .

Oh wait that's clubs like Brentford not us

 

[Nick]

Accounts very worrying. If we hadn't have been promoted that season I'm sure there would have been a going concern issue by now.

There has been a going concern for as long as I can remember in the accounts.

 

[SlowerThanPlatt]

The owners could just be like normal owners and pay the 3.5 million and write it off .

Oh wait that's clubs like Brentford not us

Yes their owner has put in over £100m, yet some fans think we can emulate them.

 

[Evo1883]

There has been a going concern for as long as I can remember in the accounts.

Was that more to do with playing in league 1 and 2 though in recent years .

We get some relief by being a championship side ofcourse in a normal season

 

[Nick]

Was that more to do with playing in league 1 and 2 though in recent years .

We get some relief by being a championship side ofcourse in a normal season

More to do with the accounts / club being fucked and relying on debts not being called it.

The league is irrelevant.

 

[Evo1883]

More to do with the accounts / club being fucked and relying on debts not being called it.

The league is irrelevant.

Debts to the owners ?

 

[Frostie]

Yes their owner has put in over £100m, yet some fans think we can emulate them.

Not entirely no but most can look to emulate their recruitment model. They've made c.£95m+ profit on transfers in just 5 years.
Much, much more difficult now though.

 

[Grendel]

Debts to the owners ?

Yes around £16 million and growing I’d assume

 

[stupot07]

The club has no further significant stake, think it may be a small %development fee

We should get whatever % of sell on, that Norwich get for their sell on. It will be something like 15% of 15%.

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[stupot07]

What pandemic costs? We recovered £300k on furlough

We lost revenue by being there and critically we gambled on being able to sell £4 m of our assets. This must be the only place you get praise for frantically selling assets to try and lose only £3 million

You're forgetting it was Wasps that refused to give us a deal. We didn't gamble on selling players to make a choice to go to St Andrews.

The accounts are dire though.

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[Grendel]

You're forgetting it was Wasps that refused to give us a deal. We didn't gamble on selling players to make a choice to go to St Andrews.

The accounts are dire though.

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That’s partly conjecture

 

[SlowerThanPlatt]

Not entirely no but most can look to emulate their recruitment model. They've made c.£95m+ profit on transfers in just 5 years.
Much, much more difficult now though.

Yeah but the difference is Brentford are under little pressure to sell as they have an owner propping them up. The model falls down if you can’t sell the player for an inflated price.

 

[Grendel]

Yeah but the difference is Brentford are under little pressure to sell as they have an owner propping them up. The model falls down if you can’t sell the player for an inflated price.

This is the problem. The “model” doesn’t exist. We are only surviving as we raise money on sales every year and without that we are finished

 

[Winny the Bish]

Yeah but the difference is Brentford are under little pressure to sell as they have an owner propping them up. The model falls down if you can’t sell the player for an inflated price.

They also have the capital to pay £5m to get some of these players in the first place. And the shared scouting infrastructure of FC Midtjylland - a club that play in Europe every season.