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Financial Results

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Chelsea losses remain high

Submitted by WG on Wed, 01/02/2012 - 10:17

Chelsea FC has announced losses for last season of £67.7m compared with £70.9m the previous year despite a record turnover of £222.3m bosted by the increase in Champions League and broadcasting revenue.  

They are still some way short of complying with Uefa's financial fair play regulations.  By now the club was supposed to be breaking even.   However, chairman Bruce Buck claimed that the club's free spending days were over, noting 'We would expect this to be reflected in our results for the current financial year.'

Baggies record £9m profit

Submitted by WG on Fri, 20/01/2012 - 08:09

It's a rare thing when a football club makes any profit, let alone a substantial one, but West Bromwich Albion have done just that.   The club made a profit of £9m in the year to 30 June 2011 after a successful first year back in the Premier League which saw them finish 11th.   As a result the club was able to reduce its net debt from £10m to £2m.

Mixed picture for Dundee United

Submitted by WG on Thu, 12/01/2012 - 07:31

The latest financial results for Dundee United reveal something of a mixed picture, although the chairman is very upbeat about them.   The club is far less indebted than it was, but player sales have played an important role in keeping it on an even financial keel.

Rovers need 'significant funding'

Submitted by WG on Wed, 28/12/2011 - 08:34

In a statement accompanying the release of the accounts for Blackburn Rovers, owners Venky's admit that the club would require 'significant funding' in the short term.   Detailed cash flow statements have been prepared for the 18 months to June 2013.  

£18.6m loss anticipated at Blackburn Rovers

Submitted by WG on Mon, 26/12/2011 - 13:09

Venky's are expected to announce a £18.6m loss in their first year in charge at Blackburn Rovers.  £13.8m went on transfers and agents' fees and £4.8m was incurred in costs including pay offs to sacked manager Sam Allerdyce and other senior staff.   The total payroll at the club is around £50m.

Everton debt mountain stable

Submitted by WG on Sat, 10/12/2011 - 07:56

Everton's debt mountain remains stable at £44.9m according to the accounts released yesterday for the year to 31 May.   The club managed to boost turnover by 3.7 per cent but had an operating loss of £500,000 before player trading.   Player sales amounted to some £15m leaving manager David Moyes to rely on free transfers and loan signings.

Financial worries at Lincoln

Submitted by WG on Sat, 03/12/2011 - 06:09

Any relegation is a financial challenge for a club, but dropping out of the Football League all together can be particularly alarming.   Lincoln City FC are expected to post a £480,000 loss following their relegation.

Scottish football dilemmas

Submitted by WG on Wed, 23/11/2011 - 06:14

Aberdeen: There is nothing specifically Scottish about the choice between reducing the size and quality of a squad and maintaining a league position.   However, Scottish football faces broader financial problems and being in Scotland provides an opportunity to address them.

Blades hit by £13.6m loss

Submitted by WG on Sun, 20/11/2011 - 09:19

Sheffield United ran up a loss of £13.6m in the year to June 2011, a period which saw them relegated from the Championship to League 1, further blunting their earning potential.    It has been a miserable period for the one time Premiership club which has admitted that mistakes have been made.

It can only get better

Submitted by WG on Sat, 19/11/2011 - 09:50

As expected Manchester City have reported a record loss for a Premiership club, an eye watering £194.9m.   This easily beats the £141m loss recorded by Chelsea in 2005, the second year of Roman Abramovich's ownership.