Longshortandtall
Vital Reserves Team
I never said Blades had sold 30,000 season tickets this season! I said whilst we were in the Premier League!
I must have mistake Ademola Lookman for Ryan Sessegnon.
It doesn't matter who was in charge. DCL was still sold and this is the CENTRE OF MY ARGUMENT! IT DOESN'T MATTER WHO WAS IN CHARGE HE WAS STILL SOLD AT A MASSIVE LOSS!
All I said was that I think the Prince had invested £40m in the club prior to promotion and there is a good chance that was repaid and he will have also taken out other bonuses.
Regarding the parachute payment, whatever. It's still £91m including £20m profit that we showed on our last accounts.
We should still have £75m still unaccounted for as well as the £20m profit. £45m parachute payment, Aaron Ramsdale Sale £30m and £20m profit!
You look at all the money we've received over the past two three seasons. We must have had around £100m from promotion. £120m for finishing 9th and then £91m parachute payment. £320m in total. Then you have season ticket sales first season up, merchandise sales, improved sponsorship payments. Even if we account for loss of ticket sales last season, we've still made money from merchandise and sponsorhsip etc. Furthermore, we've saved on policing, stewarding and other matchday expenses!
In total between £300m and £350m in three seasons including this one!
Our turn over in season 19/20 was £143 million with a wage bill and other costs totalling £88 million as per the Clubs accounts resulting in an overall profit of £17 million. Last years its estimated our turnover was significantly down to £97 million with increased wage and costs to £90 million.
It doesn't take a genius to work out the Club lost during the pandemic in the region of £35 million which will be reflected in this years accounts.
Whilst the wage bill may have been reduced by 50% this season due to relegation clauses that cost alone is likely absorb most of this seasons parachute money payment.
On top of that we have outstanding installments owed on player purchases and bank loans to cover as do all clubs. Whilst revenue is starting flow back in through season ticket sales and match day revenue it is not enough to stem the losses hence the need for player sales.
Suggestions that money has been syphoned off by the Prince are ludicrous and without foundation. The real question is does he have the financial capability and desire to keep owning a Club in the Championship when the parachute money ceases in 2 years time. Whilst his team have shown themselves to be capable negotiators over the Ramsdale sale, unlike the previous regime, there is a need to find new areas of investment. There will be little point in investing in a quality manager and back up team if they are given peanuts to get the job done.