PNE accounts

B

basilrobbie3

Well-known member
Kieran Maguire has been analysing the latest figures, and they are interesting.

  • Wages down 12%
  • Revenue up 12%
  • Losses 15m
  • Wages 139% of turnover
  • Total debt around £81m

and - most interestingly for me - they only spent £900k on transfers.

This is a well-established Championship club, where the owners are having to put in huge sums just to tread water. Anyone who watched the DCMS Select Committee debate yesterday will know that the EPL in particular have scant interest in levelling the playing field up.
 
basilrobbie3 said:
Kieran Maguire has been analysing the latest figures, and they are interesting.

  • Wages down 12%
  • Revenue up 12%
  • Losses 15m
  • Wages 139% of turnover
  • Total debt around £81m

and - most interestingly for me - they only spent £900k on transfers.

This is a well-established Championship club, where the owners are having to put in huge sums just to tread water. Anyone who watched the DCMS Select Committee debate yesterday will know that the EPL in particular have scant interest in levelling the playing field up.
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Frightening the sums you need just to obtain mid-table Championship obscurity. That debt figure is horrendous - I'll hazard a guess and say our owner/club has nowhere near that figure.
 
As the debt increases, short of the family trust writing off the debt, it would seem difficult to see any buyer being interested. All that money to perpetually be on a hamsters wheel. Sometime I quite like our yo-yoing, as few seasons are boring. Mind you if Critch does not find a way of winning away, this could be one.
 
Depends how much you as an owner are making through your other businesses. I believe the Hemmings family as a whole have assets of £2 billion so £15 million a year to prop up an expensive hobby is peanuts especially when you get it back against your tax
 
Unless your a rich fan or wish to promote your main business interests why would you buy a club outside the premier league ?
 
It appears that the EPL and the TV companies have got their way and the vast majority of football fans in the UK are simply armchair supporters of they’re favourite top team.

Clubs like ours and those wankers down the road really don’t stand a chance anymore and this born out by poor attendances.

Football is fucked really isn’t it
 
AlternativeSeaside said:
It appears that the EPL and the TV companies have got their way and the vast majority of football fans in the UK are simply armchair supporters of they’re favourite top team.

Clubs like ours and those wankers down the road really don’t stand a chance anymore and this born out by poor attendances.

Football is fucked really isn’t it
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Throw the style of play that a lot of managers seem to persist with into the mix as well and yes I tend to agree with you 👍🏼
 
Martonmosser said:
Depends how much you as an owner are making through your other businesses. I believe the Hemmings family as a whole have assets of £2 billion so £15 million a year to prop up an expensive hobby is peanuts especially when you get it back against your tax
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When that debt was to Trevor Hemmings, it was his baby. As inheritances get split down the family chain those allegiances are not as strong. Imagine if the ogre we used to have had died while still owner of BFC. I am sure we all know what the subsequent outcome would have been.
 
.............and spare a thought for Reading.
Players being told to put more clothes on whilst it’s cold (to keep the heating bills down, have to bring their own food,
Struggling to get paid.
All smelling of roses when Dai Yongge bought the club but not anymore. No wonder the fans are protesting.
Trouble is it looks odds on they will get relegated although I reckon the fans would take that if it means getting rid of the owner (ring any bells?) And to think they we’re in the Premiership just 10 yeas ago, albeit for 1 season.
When it comes to owners guys be careful what you wish for.
 
AlternativeSeaside said:
It appears that the EPL and the TV companies have got their way and the vast majority of football fans in the UK are simply armchair supporters of they’re favourite top team.

Clubs like ours and those wankers down the road really don’t stand a chance anymore and this born out by poor attendances.

Football is fucked really isn’t it
Click to expand...
You mostly purchase your league position these days e.g. Bournemouth, Man City
 
basilrobbie3 said:
Kieran Maguire has been analysing the latest figures, and they are interesting.

  • Wages down 12%
  • Revenue up 12%
  • Losses 15m
  • Wages 139% of turnover
  • Total debt around £81m

and - most interestingly for me - they only spent £900k on transfers.

This is a well-established Championship club, where the owners are having to put in huge sums just to tread water. Anyone who watched the DCMS Select Committee debate yesterday will know that the EPL in particular have scant interest in levelling the playing field up.
Click to expand...
They have allegedly spent £5m+ on signings this year though so next years accounts will be interesting
 
Martonmosser said:
Depends how much you as an owner are making through your other businesses. I believe the Hemmings family as a whole have assets of £2 billion so £15 million a year to prop up an expensive hobby is peanuts especially when you get it back against your tax
Click to expand...
The tax experts will know if you are right about the offset as I don’t know the structure of PNE’s ownership and even if it were it would surely only be equivalent of the tax saved not the £15million itself .
In any case unless the family really have a genuine football interest i can’t see why they would want to continue financing it on the off chance they were to be promoted which seems unlikely giving the way EPL monies are dished out so the real yo yo is usually those that come down tend to go back up quickly these days….look at the Championship table right now for example.
 
Actually go companies house beta via google or similar
under search type Deepdale PNE Holdings Limited.
the accounts make interesting reading and it does look like the tax losses are utilised.

what is interesting Is the next level of ownership per a line in the reports is Grovemoor Limited but type them in and it seems there is nothing related to PNE.

The one thing that really stands out is the analysis of turnover income in the notes.look at the Revenue from season ticket and gate receipts in relation to tv and epl hand downs which puts into perspective our likely revenue reduction this season and how much we are likely to rely on our own owner and hopefully his continuing love and support for the club.

Easy to spend “other peoples” money when it isn’t you.😂IMG_1992.png
 
AlternativeSeaside said:
It appears that the EPL and the TV companies have got their way and the vast majority of football fans in the UK are simply armchair supporters of they’re favourite top team.

Clubs like ours and those wankers down the road really don’t stand a chance anymore and this born out by poor attendances.

Football is fucked really isn’t it
Click to expand...
To be fair it's been like that since I was a kid in the 80's

Everyone at school either supported Man United, Liverpool, Everton or Man City. Very few were Blackpool fans.
 
AngelBFC said:
Unless your a rich fan or wish to promote your main business interests why would you buy a club outside the premier league ?
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I'd say Bournemouth and Brentford have done alright since takeovers. Bournemouth were League One.

Depends how much someone wants to spend really to get to the riches of the Prem
 
Eternaloptimist said:
.............and spare a thought for Reading.
Players being told to put more clothes on whilst it’s cold (to keep the heating bills down, have to bring their own food,
Struggling to get paid.
All smelling of roses when Dai Yongge bought the club but not anymore. No wonder the fans are protesting.
Trouble is it looks odds on they will get relegated although I reckon the fans would take that if it means getting rid of the owner (ring any bells?) And to think they we’re in the Premiership just 10 yeas ago, albeit for 1 season.
When it comes to owners guys be careful what you wish for.
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the Reading situation is appalling but i didnt realise it was as bad as above. just remember when it was the Majeski stadium. they seemed a well run top division club with no worries. looks like they will be headed for League 2.
 
Lewis_Winthorpe said:
To be fair it's been like that since I was a kid in the 80's

Everyone at school either supported Man United, Liverpool, Everton or Man City. Very few were Blackpool fans.
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i dont know how we reverse this, we lose so many fans to the clubs you have mentioned who are born and bred in Blackpool.

You see them pop up at Bloomfield road or Wembley for the big games and then disappear for another few years.
 
poolseasider said:
Sadler won't be far off that figure if all the infrastructure plans go ahead.
That's being put on our books as debt.
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That's fair enough, it's there for the future and good of the club. Blowing it on overpriced players isn't hopefully the long-term plan. With the infrastructure in place, hopefully the plan is to bring our own youngsters through on a regular basis and make money when they inevitably move on.
 
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Altyseasider said:
i dont know how we reverse this, we lose so many fans to the clubs you have mentioned who are born and bred in Blackpool.

You see them pop up at Bloomfield road or Wembley for the big games and then disappear for another few years.
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I just couldnt support a club i had no personal or tangible connection to but am not critical of those who do obvs.
 
Lewis_Winthorpe said:
To be fair it's been like that since I was a kid in the 80's

Everyone at school either supported Man United, Liverpool, Everton or Man City. Very few were Blackpool fans.
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I know and it’s wound me up my entire life as mentioned in another thread earlier.

People are fickle and it’s a shit trait.
 
poolseasider said:
Sadler won't be far off that figure if all the infrastructure plans go ahead.
That's being put on our books as debt.
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Which, like every other club won't be a problem, until it is.

And fans love it. Love the 'big' players coming in, any success they can get, until it goes boobies up. Then it's protests and owners are XXXXXX.

Not that we were any different in the 2007-2011 period. Then after that.
 
Lewis_Winthorpe said:
I'd say Bournemouth and Brentford have done alright since takeovers. Bournemouth were League One.

Depends how much someone wants to spend really to get to the riches of the Prem
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Bournemouth were lucky to get promoted before the scrutiny on Russian oligarchs money. Wouldn't happen now.
 
Wizaard said:
Bournemouth were lucky to get promoted before the scrutiny on Russian oligarchs money. Wouldn't happen now.
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No probably not

They also got lucky when all the money they spent was largely recouped due to selling some players at inflated rates. They spent a lot but did get a lot back on their way to the prem the 1st time
 
I am very much hoping that Man City are made an example of closely followed by Chelsea. Both those clubs have got away with murder.
 
bleach51 said:
Actually go companies house beta via google or similar
under search type Deepdale PNE Holdings Limited.
the accounts make interesting reading and it does look like the tax losses are utilised.

what is interesting Is the next level of ownership per a line in the reports is Grovemoor Limited but type them in and it seems there is nothing related to PNE.

The one thing that really stands out is the analysis of turnover income in the notes.look at the Revenue from season ticket and gate receipts in relation to tv and epl hand downs which puts into perspective our likely revenue reduction this season and how much we are likely to rely on our own owner and hopefully his continuing love and support for the club.

Easy to spend “other peoples” money when it isn’t you.😂View attachment 18001
Click to expand...
Interesting that BFC turnover for 2022 was £17.8m compared with £13.8m for Nobbers for same period.
 
Maguire has given Middlesborough's accounts the same treatment today.

Their wages and turnover were both UP slightly. But their operating loss was twice the size of Preston's (over £550k per week) despite making £22m in profit on player sales. And their historic debt is a cool quarter of a BILLION pounds.
 
bollieboy said:
Interesting that BFC turnover for 2022 was £17.8m compared with £13.8m for Nobbers for same period.
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Yep we made significantly more than them in our 1st season in the championship. Matchday and ST 50% higher and commercial was far higher.

Shows they aren't really a much bigger club like many claim, they've just been going the dirt cheap route.

It'll be interesting to see the comparison in oir relegation season.
 
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