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Financial Results

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Lower league football finances in Scotland

The financial realities of lower league football in Scotland are demonstrated by the latest accounts of Berwick Rangers.   Staff were paid on average £143 a week compared with £8,000 at Rangers.

Their last home game saw an attendance that was 10 per cent of capacity.   The club is reliant on a good cup run to keep its finances balanced.

Fiscal chaos at Leeds United FC

The accounts of Leeds United FC are in chaos according to this report.   Income last year was down from £28.6m to £25.3m with reductions in all aspects of income including match day and commercial.

As a result there was a £20.4m loss which becomes £22.8m post tax.   This means that the club is very likely to incur a transfer ban under the Football League's financial fair play rules.

'Financial sustainability' at Manchester City

Manchester City have claimed that they have achieved 'financial sustainability' after reporting much reduced losses of £23m for 2013-14.   That figure includes the £16m financial fair play penalty deducted from Champions League payments due to the club.   If it had not been this deduction, the club would have been close to break even.   They expect to break even next year.   In 2011-12 and 2012-13 they made losses of £148.5m.

AFC Telford make a profit

AFC Telford have made a small profit of £6,070 on turnover of £788,000.   Down from £13,000 in 2012-13, it effectively represents a break even position.   However, the Conference club deserve credit for making a profit in nine years out of ten given the losses that many clubs make, even at non-league level.

Rangers need more funds

Rangers are to launch a new share issue to raise funds after they revealed losses of £8.3m in the period to 30th June.   This was a substantial improvement on the £14.4m loss reported in the previous year. However, they will need the first tranche of money in January to continue trading.

United hit by lack of Champions League money

Absence from the Champions League is starting to affect Manchester United's finances.  Revenue was down by just under 10 per cent in the three months to the end of September at £88.7m.   In particular, the club made less from its deal with Nike because it was not in the Champions League.

Chelsea to announce record profit

Chelsea are to announce a record profit of £20m in the year to 30 June.   They have only once before made a profit in the Abramovich era, a modest £1.5m two years ago.   This means that they will have no difficulty in complying with financial fair play (FFP) rules.

Aberdeen to clear debts

Aberdeen FC will be virtually able to clear debts that have hampered them for years as a result of a generous intervention by a local civil engineering company.   W M Donald want to put something back into the community and will reduce debts of £15.9m by £14.49m.   The cost of servicing the debt was £500,000 a year.

Excellent financial results at Everton

Everton is the latest Barclays Premier League club to report an excellent set of financial results, boosted by broadcasting revenue.

Turnover was over £100m for the first time, up 39 per cent at £120.5m,   £88.5 m of this was accounted for by broadcasting revenue, up by £30m.   Gate receipts were also up by £2m to £19.2m.   One area for further development is commercial revenue and the plans for a new stadium should help there.

Good financial results at Norwich

Norwich City have reported a good set of financial results for the year ended June 2014 when, of course, they were still in the Premier League.   Operating profits were £9.5m compared with £4.6m for a comparable period in the preceding year.