BFC lost £2.3mn

TKL_Seasider

TKL_Seasider

Well-known member
In Simon Sadler’s first season, despite a handy increase in revenue before Covid struck. Not had time to read in detail but will later. Thanks again, Mr Sadler

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The longest link I have ever seen denied access:

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😟
 
A promotion on Sunday will certainly be helpful for the coffers. Not sure on prize money but Championship TV money, bigger gates due to bigger home and away crowds (sell out crowd against Nobbers), more people buying concessions, more people buying merchandise.

Then of course our back-to-back promotion to the Premier League, every little helps.
 
I've had a quick browse of these and what a joy it is to not see loans to 'other companies' (cough) syphoning money out of the club. Revenues increased year on year despite Covid largely due to season ticket purchases.

All in all, a refreshing read, nothing hidden or attempted to be.
 
TangerinePeel said:
A promotion on Sunday will certainly be helpful for the coffers. Not sure on prize money but Championship TV money, bigger gates due to bigger home and away crowds (sell out crowd against Nobbers), more people buying concessions, more people buying merchandise.

Then of course our back-to-back promotion to the Premier League, every little helps.
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Wages will shoot up though.

Whilst we all like the current positivity, it has to be done in a long term sustainble way or you just end up following the path of Bolton when the owner eventually passes on the reigns.
 
BigHandsOliverKahn said:
Wages will shoot up though.

Whilst we all like the current positivity, it has to be done in a long term sustainble way or you just end up following the path of Bolton when the owner eventually passes on the reigns.
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Very true, although credit to Sadler and the board I believe whilst they're ambitious, they are sensible. It seems to me they are planning for the future and not just a smash and grab model which as you say, ends you up like Bolton.
 
KhonKaenSeasider said:
I've had a quick browse of these and what a joy it is to not see loans to 'other companies' (cough) syphoning money out of the club. Revenues increased year on year despite Covid largely due to season ticket purchases.

All in all, a refreshing read, nothing hidden or attempted to be.
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I do worry about House of Roma in these uncertain economic times.
 
Just had a quick glance and as KhonKaen says , the inter company debtor loans have stopped, in fact its the other way , the club owes the holding company £3.5m, presumably put in as working capital
 
Thanks, TKL, for posting, and thanks again Simon Sadler.

The key points that struck me were:

- The directors are focused on achieving promotion to the Championship (by identifying talented players through the scouting network, and developing young players through the club's academy system).

- The number of season tickets more than trebled in comparison to the 2018/19 season. Who said NAPM had no effect?
 
Could be imagining things here but I’m sure either Sadler or Belokon had to ‘loan’ the club some money during the course of the receivership to ensure it didn’t go under or to ensure all wages etc were being paid ?

Maybe it’s that.
 
I had a quick read, and much of it I don't pretend to understand or at least know if that's ok or not for a football business. I did have a quick comparison with PNE and Blackburn and thought ours looks pretty sensible and professional by comparison. PNE's it appears had a £7.7m loss and the accounts had a couple of sections detailing clearly that without significant director support for the foreseeable future, the company and parent group would be in doubt as a going concern. My wife is an accountant and said they don't put that sort of stuff in for no reason. Blackburn's seems to suggest they're £146m in debt and lost £16m last year!

All hail Simon Sadler I say...
 
hills98 said:
I had a quick read, and much of it I don't pretend to understand or at least know if that's ok or not for a football business. I did have a quick comparison with PNE and Blackburn and thought ours looks pretty sensible and professional by comparison. PNE's it appears had a £7.7m loss and the accounts had a couple of sections detailing clearly that without significant director support for the foreseeable future, the company and parent group would be in doubt as a going concern. My wife is an accountant and said they don't put that sort of stuff in for no reason. Blackburn's seems to suggest they're £146m in debt and lost £16m last year!

All hail Simon Sadler I say...
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Wow, Venky's pulling out would leave a big mess behind.
 
The BFC holding company acccounts confirm Saddler has loaned the group £12m in the year. I’m assuming £10m of that was to purchase the goodwill and other assets plus a further £2m to cover losses. Nice one Simon 👍
 
BigHandsOliverKahn said:
Wow, Venky's pulling out would leave a big mess behind.
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The Venkys were rounded upon as being an example of bad owners by the Football Supporters Association, but they've managed the clubs debts and made Blackburn a stable and competitive club.
I've no doubt some t'Rovers fans think they are worthy of PL status but in reality they're doing well for where they are, irrespective of what Burnley are doing.
 
There's something really sad about how Sunday is as important for financial reasons as it is sporting reasons.

Obviously, it's been ever thus in that promotion breeds larger attendances but the impact of TV money and the attendant greater commercial opportunities exacerbates the financial effect of a promotion. The higher you go, the more that's noticable. (whereas lower down, it can actually *cost* you to get promoted)

I've said this before, but whilst Sadler is ** great, what he also highlights is the real difficulty of competing and breaking even, regardless of Covid. To be completely fair, part of that is to do with previous earnings not being reinvested by previous regimes (and previous player assets not being maximised either) and the club top to bottom needing a large injection of money as a result as opposed to simply wanting to compete on the pitch I'd guess.
 
I’m no accountant but looking at those accounts at a rough guess getting to the championship will allow the club to get into a break even position even allowing for increased player wages .

It’s one reason why signing players up to longer contracts was important instead of the short term rubbish Koko signed players up to.

On Sunday let’s make some proper noise to roar our club into the Championship not just for our benefit but let’s also do it for Sadler .

COME ON YOU POOL
 
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