torchomatic
Well-Known Member
Accounts just released up to May 2019 and we show a small profit of £69K thanks to sales of Madison to Leicester and McNulty to Reading.
Should fund a few handbags.
It's good to see a profit recorded but the figures in the article would suggest we have to make significant sales each season to remain anywhere near breakeven.
Should fund a few handbags.
It's good to see a profit recorded but the figures in the article would suggest we have to make significant sales each season to remain anywhere near breakeven.
Should fund a few handbags.
It's good to see a profit recorded but the figures in the article would suggest we have to make significant sales each season to remain anywhere near breakeven.
So just like most professional football teams in the world
Although no idea yet. Way above estimates l crowds I would have thought and the McCallum saleInterestingly, you'd imagine we would've also turned a profit this season had we been at the Ricoh - which would be some achievement when a lot of promotion chasers usually operate on a loss.
How many clubs make a profit before transfers? Not to mention its the clubs stated business model. Of course it would be brilliant if we were minions in profit without selling anyone but that's virtually impossible.Not really very positive is it? £4m + transfer profit mostly covering losses, not sustainable at all.
Interestingly, you'd imagine we would've also turned a profit this season had we been at the Ricoh - which would be some achievement when a lot of promotion chasers usually operate on a loss.
Been a few questions about where we will play next season but it looks like, unless Wasps change their stance, we have the option to stay at St Andrews.“As mentioned in the accounts, the board continues to explore the possibilities of a return to Coventry as soon as we are able to – it is our home, the City we are proud to represent and the place that everyone agrees that we should be playing.
“However, in the absence of any agreement being reached for a return, would seek to implement the option to continue the ground share at St. Andrew’s to ensure the fulfilment of our fixtures.”
Im not sure we have made enough from sales this season for that but if so it would be pretty encouraging for the long term future of the club.
I wouldn't know, i don't study any other team's accounts. I haven't looked at these yet but if we made a profit of £4/5m having spent £800k i would be concerned that we'll struggle to make sales of those amounts every season.
I recognise that nearly every team has to sell to balance the books, i just didnt realise quite how stark the amounts were for us.
McCallum, Bayliss, Chaplin?
McCallum, Bayliss, Chaplin?
The issue is a lot of clubs don't balance the books and end up either getting in major shite (like bury, Bolton etc) or bailed out by their owners (as we used to). As much as I dislike sisu and what they have done to our club the fact we have made a small profit is something to be celebrated
Not unsurprising thoughNot really very positive is it? £4m + transfer profit mostly covering losses, not sustainable at all.
I would prefer owners that keep us on an upward path but on an even keel , over communication
How many clubs make a profit before transfers? Not to mention its the clubs stated business model. Of course it would be brilliant if we were minions in profit without selling anyone but that's virtually impossible.
Bad and doubtful debts 4,796
Who owes the club 5 grand then...hands up
Good point, i'd forgotten Bayliss. Let's hope the academy and recruitment team can keep turning up enough gems.
We've all forgotten Bayliss!
Stokes?Did we sell anyone to Bury, or another club in financial trouble?
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