City Finances

[gw54]

There's an interesting link here for League 2 finances for the 2017/2018 season.

https://twitter.com/i/web/status/1131543043834896387

Lincoln spent £859K on transfer fees, with £2100 average wages, and losses of £1.08m on a £5.2m turnover.

Looks like we're gonna need another cup run if we are going to keep this up.

 

[Luke Imp]

Given that there are no, that I can find, confirmation of player numbers (or staff numbers), I'm not sure how you'd work out an average wage?

 

[Brendan Bradley]

It's difficult to make a lot of assumptions about L1 and L2 clubs as their accounts give away very little information compared with those in the PL and Championship because of the sizes of the companies.

However, FGR are much less opaque than most and their profit is surely a fiction as we're expected to believe that their sponsorship and advertising revenues leapt from less than 1.0m to over £2.4m in the season following their promotion.

Still, the graphic shows the total madness of it all.

And some people think football is a business.

 

[Luke Imp]

It's not transfer fees either, it's player signings. Two different things I suspect.

 

[Rasenimp]

Exeter sold Wheeler and Watkins, but what's the deal with Port Vale??? Didn't do them much good in 18/19 making over £1m...

 

[nlondonimp]

so is that high sign on fees, off set by smaller salary?
what is the tax and ni situation on a signing-on fee, the same as if it was put into the paye?

 

[nlondonimp]

Exeter sold Wheeler and Watkins, but what's the deal with Port Vale??? Didn't do them much good in 18/19 making over £1m...

sell on %££££, hugill to west ham?

 

[Casperimp]

For those that were at the AGM remember that the vast majority of our operating losses were made up via investment from the board so that's a little bit misleading in terms of where we are financially.

I would imagine the wages per week were not far off the mark. You only have to look in the players car park on match days to see that. Some seriously expensive motors in there now!

 

[berksimps]

By far and away the biggest cost to clubs will be player and staff wages. It would be interesting to see a graph showing the comparative total wage bill paid by each club.

 

[Luke Imp]

By far and away the biggest cost to clubs will be player and staff wages. It would be interesting to see a graph showing the comparative total wage bill paid by each club.

A % of turnover is probably the better way of looking at it. This is only a selection, though.

 

[Rasenimp]

sell on %££££, hugill to west ham?

Good spot. They did well out of that, not exactly great business by West Ham by the looks

 

[Bazzzer]

However, FGR are much less opaque than most and their profit is surely a fiction as we're expected to believe that their sponsorship and advertising revenues leapt from less than 1.0m to over £2.4m in the season following their promotion.

In case you wondered - From FGR website "Ecotricity Group Ltd own 95.8% of Forest Green Rovers Ltd."

 

[GreenNeedle]

It's difficult to make a lot of assumptions about L1 and L2 clubs as their accounts give away very little information compared with those in the PL and Championship because of the sizes of the companies.

However, FGR are much less opaque than most and their profit is surely a fiction as we're expected to believe that their sponsorship and advertising revenues leapt from less than 1.0m to over £2.4m in the season following their promotion.

Still, the graphic shows the total madness of it all.

And some people think football is a business.

When the owner is also the sponsor then you can understand it quite easily. A smaller version of the Man City Stadium naming situation.

 

[Red Wimp]

859k on transfer fees?

 

[Impecunious]

This thread is more worrying than the one causing stress. No wonder the emphasis is on investment.

 

[Brendan Bradley]

When the owner is also the sponsor then you can understand it quite easily. A smaller version of the Man City Stadium naming situation.

Yes, the point is that the club itself is not making the profit that's being reported, it's purely cosmetic.

 

[57harry]

859k on transfer fees?

The figure in the accounts is £K 759.

This relates to costs associated with the aquistion of players , Management and support staff.

This includes transfer fees and signing -on fees.

 

[Bazzzer]

859k on transfer fees?

This figure?

 

[57harry]

This figure? View attachment 33104

You need the additions figure for 17/18 which is the £K 795 figure.

The £K 65 relates to prior years.

 

[buckielugger]

You need the additions figure for 17/18 which is the £K 795 figure.

The £K 65 relates to prior years.

Well there is absolutely no way we have spent close on £800k on transfers.
Not on one season and not in probably most seasons put together.
So what does that figure represent ?