Grendel
Well-Known Member
indeed and any qualified accountant would challenge that one
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indeed and any qualified accountant would challenge that one
Ccfcisparks
Well-Known Member
Good job im only part qualified then
Evo1883
Well-Known Member
It's hard to find data on league position and wage correlation
Data Analysis: The art of overachieving
Data Analysis: The art of overachieving
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fernandopartridge
Well-Known Member
The club spent more on wages to get promoted than it did to stay up, quite remarkable really that Robins wage bill relative to income was lower last season than the promotion season.
Turnover will be up this season as will wages but I'm guesstimating wages will be in the 90-100% of turnover by y/e 22. Turnover been 15-16m and wages 15m ish
Turnover will be up this season as will wages but I'm guesstimating wages will be in the 90-100% of turnover by y/e 22. Turnover been 15-16m and wages 15m ish
oldskyblue58
CCFC Finance Director
Wages exceeded turnover in 20/21. Turnover £11.8m to £13.2m wages.
In 2019 /20 it was turnover £ 5.1 to wages £6.5m
Player sales covered the gap. Running at a turnover deficit means player sales essential
You would reasonably expect wages to have grown again this season together increases in turnover and overheads with no £0.5m in government grants.
That all said it isnt what the profit and loss says it is what the cash flow was like that is critical to ccfc and its owners. 2020 year end that positive 1.1m and in 2021 positive £1.4m
Cash flow being what is actually received or spent and not an accounting calculation Of a profit which includes things like interest that hasn't been physically paid out.
In 2019 /20 it was turnover £ 5.1 to wages £6.5m
Player sales covered the gap. Running at a turnover deficit means player sales essential
You would reasonably expect wages to have grown again this season together increases in turnover and overheads with no £0.5m in government grants.
That all said it isnt what the profit and loss says it is what the cash flow was like that is critical to ccfc and its owners. 2020 year end that positive 1.1m and in 2021 positive £1.4m
Cash flow being what is actually received or spent and not an accounting calculation Of a profit which includes things like interest that hasn't been physically paid out.
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SlowerThanPlatt
Well-Known Member
Frostie
Well-Known Member
Grendel
Well-Known Member
Lol
Football finance expert gives insight to Coventry City accounts
The Sky Blues latest set of accounts for 2020/21 were published this month and look extremely favourable compared to their Championship rivals
www.coventrytelegraph.net
fernandopartridge
Well-Known Member
"look extremely favourable"Lol
Football finance expert gives insight to Coventry City accounts
The Sky Blues latest set of accounts for 2020/21 were published this month and look extremely favourable compared to their Championship rivalswww.coventrytelegraph.net
SlowerThanPlatt
Well-Known Member
Lol
Football finance expert gives insight to Coventry City accounts
The Sky Blues latest set of accounts for 2020/21 were published this month and look extremely favourable compared to their Championship rivalswww.coventrytelegraph.net
Wage bill £50m less than Brentford, we’ve got some way to go to follow their “model” then