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Financial Results

Discussion in 'City Talk' started by Storck, Mar 26, 2025.

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  1. Captain Grumpy

    Captain Grumpy
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    Yes I remember when the Premier league was brought in it was mainly to help the England team said the big club owners. The reality was clubs like Arsenal were mainly using French players under Wenger and not a single English player in their squad. It was basically the greed is good league. Football finances are crackers these days and the big Premier league boys forget that they need the lower clubs to produce the players of tomorrow.
     
    #61 Captain Grumpy, Mar 31, 2025
    Onside and Hulmebantam like this.
  2. Botswana Bantam

    Botswana Bantam
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    Of course, but that's probably why it's done that way...
     
    #62 Botswana Bantam, Mar 31, 2025
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  3. Keefly Bantam

    Keefly Bantam
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    Makes you wonder what is the point.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #63 Keefly Bantam, Mar 31, 2025
  4. Birky Bantam

    Birky Bantam
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    This is a problem with football and I think fans are partly the blame for it as they demand and encourage the big spending, Derby are a great example of it as they were laughing when they were cheating the system by selling the ground and losing lots of money, at the time Mel Morris was a hero as he was plowing money into the club, once he stopped it they all hated him. There are so many clubs that are 1 day away from financial ruin, all it takes is an owner waking up one morning and deciding he's had enough then that club is in huge trouble. It was the reason Bury went bust, it was why Wigan got very close. The one thing which I thinks saves Salford from the owners pulling out is them all being big in football and I don't think any of them, partially Gary Neville would want the reputational damage of killing the club.
     
    #64 Birky Bantam, Mar 31, 2025
  5. Silverbantam

    Silverbantam
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    I wonder which players made up the £1m received in transfers?
     
    #65 Silverbantam, Mar 31, 2025
  6. Dennis

    Dennis
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    The financial fundamentals of the Championship is simply madness. Today I received a copy of the financial results of WBA. They appear to have pushed the boat out a bit last season. On revenues of about £28 mill, they spent over £42 mill on wages, with probably around 80% on players etc and managed to rack up £38 mill loss covered by their American owners. That's the largest loss suffered by a Championship club so far but only marginally above Burnley's and Sheffield U's losses. Other clubs including Stoke (£26 mill loss) Hull (£19 mill loss) and Millwall (£19 milll loss) were only slightly better. Imo, it will only be a matter of time before a biggish name goes belly up. I don't imagine that the owners' willingness to subsidise their loss making clubs is limitless.
     
    #66 Dennis, Mar 31, 2025
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  7. Onside87

    Onside87 Impact Sub

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    Getting any further than league one is unfortunately a pipe dream. Without someone willing to lose 10 of millions every season then it’s completely out of our reach.
     
    #67 Onside87, Mar 31, 2025
    Hulmebantam, Onside, Keefly Bantam and 1 other person like this.
  8. donhutchinsaffro

    donhutchinsaffro
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    staying in div 1 is 5 mil
     
    #68 donhutchinsaffro, Mar 31, 2025
  9. Onside

    Onside
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    Why isn’t the EFL having sensible discussions with the Championship clubs? It is total madness and I don’t see how this can continue.

    Plus we need to restrict foreign players coming into all 4 leagues. We won’t have an England team worth a shout if it carries on. We couldn’t stop it when we were in the EU but we can now. Then the richer clubs will need to invest in grow your own.
     
    #69 Onside, Mar 31, 2025
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  10. Dennis

    Dennis
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    Nothing will change until the EFL and the clubs adopt a very different approach in their thinking.. The EFL are responsible for the state of financial affairs in the Championship. Their own version of FFP allows every club to make losses of £41.5 mill over a 3 year period. That limit is scandalous and has just been increased under pressure from the clubs The EFL call their regime Profit & Sustainabiliy Rules (PSR). Somebody at the EFL must have a sense of humour. Their rules neither encourage clubs being profitable nor is it a sustainable arrangement. So far, most owners have been willing to dip into their own very deep pockets to fund this scale of losses. I doubt anything will improve until that stops and one of the club's goes to the wall.

    The only significant external change I can imagine in the immediate future is with the appointment of the new football regulator who might at some point see the PSR regime for what it is and tighten it in some way. There'll be lots of resistance from the clubs who see their future, realistically or otherwise, being in the land of milk and honey. Any beneficial changes can't come soon enough imo.
     
    #70 Dennis, Apr 1, 2025
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  11. Kevin1954

    Kevin1954
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    Im sure it’s part of a tax reduction process for the millionaires.
     
    #71 Kevin1954, Apr 1, 2025
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  12. Birky Bantam

    Birky Bantam
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    The only way the rules can change is if the members agree to it and the members are the clubs so why would they vote for it? The EFL board can only suggest things then it's down to if the clubs vote for it. There is a limit on the amount of non-home grown players you can have in your squad and there are tighter rules around work permits which makes it harder for teams in our league to recruit players from outside UK & Ireland, again why would a club in the Championship vote to reduce the amount of non-home grown players when it is far cheaper to buy players from abroad and their wage demands are often lower. English clubs and players have to accept their own part of the blame for hiking up the prices of English players beyond normal market value
     
    #72 Birky Bantam, Apr 1, 2025
  13. zico

    zico Squad Player

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    £700k of it from the youth academy per the Alan Biggin quote in the t&a article.
     
    #73 zico, Apr 1, 2025
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  14. Kevin1954

    Kevin1954
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    Wouldn’t Lewis and Youngbe included or am I being optomistic and the wrong financial year?
     
    #74 Kevin1954, Apr 1, 2025
  15. andyc

    andyc Impact Sub

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    Turkeys will never vote for Christmas
    Never mind a football regulator, we need a law passing restricting football clubs to say 5 overseas players maximum and back to the maximum wage days. £20000 per week premier league and so on is enough for anyone
    Clubs should then be able to make a profit, not these stupid losses that actually mean nothing whilst being propped up by who knows what
     
    #75 andyc, Apr 1, 2025
  16. Jordan

    Jordan
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    Kieran Maguire is on The Overlap today talking about Football Finances. I haven't given it a listen yet but will be later on.
     
    #76 Jordan, Apr 1, 2025
  17. Silverbantam

    Silverbantam
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    Lewis is 2023/24 but Young is 2024/25
     
    #77 Silverbantam, Apr 1, 2025
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  18. Onside

    Onside
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    I dare say the whole system is self inflicted on all parts. That will be no solace to the many thousands of fans who may well lose their clubs. Having been near the cliff edge I wouldn’t wish that on anyone.

    We need an independent watchdog of some description that is able to enforce some common sense into the owners. Then you need to ask what does the EFL do? Sound like a far too cosy arrangement has been allowed to develop.

    Allowing this shambolic arrangement to carry on is completely nuts
     
    #78 Onside, Apr 1, 2025
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  19. Dennis

    Dennis
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    I agree with you. There is a very cosy relationship between the EFL and those Championship clubs owned by wealthy owners. The new multi year Sky TV contract is a good example of that relationship. The previous contract shared the revenues between the 3 divisions on the basis of 70% to Championship clubs; 18% to League 1 clubs and 12% to League 2 clubs. The new increased Sky TV contract negotiated by the EFL is shared 80:12:8 such that Championship clubs take a much bigger share - increasing from 70% to 80% - of a much bigger TV contract. League 2 clubs do receive increased revenue from the contract itself but have lost their iFollow revenues. I think Sparks has previously said as an example that we've lost revenues overall.

    It's an illustration of how Championship clubs have an undue influence on how EFL negotiated broadcasting contracts are shared because of their relationship with the EFL.
     
    #79 Dennis, Apr 1, 2025
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  20. A64 Bantam

    A64 Bantam Fringe Player

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    Huddersfield losing £15 million following their relegation puts our £1 million loss into perspective.
     
    #80 A64 Bantam, Apr 1, 2025
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