O/T BFC’s Club Financial Accounts Revealed

[Phil_bfc deux]

Not really.

Football is a competition, with all sort of rules to ensure competition. 11 players on the pitch, squad size, length of game, all to enable meaningful competition. This follows for all sports, otherwise there is no competition, imagine Formula 1 with no rules for engine size and spend.

To most of us, the football pyramid is incredibly important, it is where our club has existed for 140 years. Maxima for spending at different levels are vital to keeping all these clubs alive. Spending huge unaffordable amounts risks the club's very existence, any of these rich sugar daddies dies and the family isn't interested and that's it.

What competition is there in F1 when the same bloke wins every week

Football is the same and generally the teams with the most money who can afford the best players win

All this talk of an even playing field is just bollocks hence why there is absolutely no point in having any of these ffp rules

 

[Insider]

I see the individual accounts for the club have been released.
After tax profit of £852k.
BM’s remuneration package increased by a miserly £45 from £374,837 in 20/21 to £374,932 in 21/22.

Nothing to see in the Football Club's accounts that you couldn't see in the Group accounts.

 

[Ball on Fire]

I see the individual accounts for the club have been released.
After tax profit of £852k.
BM’s remuneration package increased by a miserly £45 from £374,837 in 20/21 to £374,932 in 21/22.

You have understated BM’s total package increase by over 100% or did you mean to put a P in front of the 45 instead of a £ sign?

 

[Ball on Fire]

Nothing to see in the Football Club's accounts that you couldn't see in the Group accounts.

I see the Hotel made a profit of £154k which is about 10% of turnover. We now have full visibility of the highest paid Director’s remuneration package. Ben took £23k more as pay and £23k less as Pension contributions, total package remained the same at £375k. Brett the other Director was paid £16K, he must be part time or he is also putting an invoice in for his services from his company. As you say there is no breakdown of Admin expenses or players wages.

 

[Tangerinemoss]

What competition is there in F1 when the same bloke wins every week

Football is the same and generally the teams with the most money who can afford the best players win

All this talk of an even playing field is just bollocks hence why there is absolutely no point in having any of these ffp rules

So you think Man City should be allowed to field 12 players, then?

And you don't care about lower league clubs?

 

[Simonized]

So you think Man City should be allowed to field 12 players, then?

And you don't care about lower league clubs?

They always had 12 on the pitch when we played them

 

[L’étranger]

Nothing to see in the Football Club's accounts that you couldn't see in the Group accounts.

Apologies, I’m not an accountant and have only had a cursory look at the group’s accounts. To save me a bit of time could you point out to me whereabouts I’d find the above info (ie highest paid director of BFC Ltd and the football’s club’s after tax profit) in the group’s accounts?
Cheers.

 

[Insider]

Highest paid director is shown at Note 24 to the accounts. (P33)
The before tax profit figure is in the P&L account (P11).

 

[Insider]

Sorry it only gives the aggregate key management personnel remuneration in note 24, not the highest paid director.
Similarly it only gives the group profit figure in page 11 with no reference to BFC Ltd’s individual profit for the year.

That information is if course in BFC's accounts.
The Clubs statutory profit is £852, 211. Thats not the taxable profit which is matter for HMRC.
BM is a Direcor of BFC but not the holding company.
Note 6 to the accounts discloses Directors Remuneration and within that highest paid Director (Ben):
Remuneration £364,832 + Pension contributions £10,000.

 

[Insider]

Yes I know - I mentioned this in my original post following the release of BFC Ltd’s accounts to which you replied, “nothing to see in the football club’s accounts that you couldn’t see in the group’s accounts” .

I've not gone back through the thread so if I've given you what you already know I'm sorry.
Nothing else I can offer.