And that is why we are cast adrift at the bottom with poor players and no manager.
The money has well and truly run out.
The accounts have been published and I will try and attach them as a file. (Having a problem trying to this at the mo).
I have also created a shortened synopsis for those that might not wish to trawl through all the figures. Sorry but formatting on here is a nightmare so I have had to put 2015s figures below rather than alongside.
There is an additional £300k plus to pay to players if certain criteria is met which I haven't included.
I wonder if Mr Stewarts is finding his hobby is getting a little too expensive for his liking now. The accounts to 30th June 2017 will tell us more no doubt.
2016
£
Turnover - 13.3 million
Loss before Tax - 1.48 million
Capital & Reserves - Negative by £1,833,071
Season Tickets sold - 6,023
Average Attendance - 10,028
Admin Staff - 4
1st Team Players - 47
Youth Team Players - 33
Match Income and
Season Tickets - 2,457,206
Central Distributions - 4,858,968
Commercial Income - 4,944,229
Merchandising Income- 556,882
Media Receipts - 219,000
Wages & Salaries - 8,811,218
Nat Insce - 1,051,009
ASD Lighting Sponsorship 2,909,668
Owed to ASD Lighting 1,334,808
Loan -Repayable immediately if
ASD wish
RUFC was charged for the lease of certain assets, £1,201,712 (2015 it was £609,091) by RU Estates a company of which A R Stewart is a director & shareholder
2015
£
Turnover - 5.18 million (6 month period)
Loss before Tax - 0.732 million (6 month period)
Season Tickets sold - 5,963
Average Attendance - 10,290
Admin Staff - 5
1st Team Players - 32
Youth Team Players - 40
Match Income and
Season Tickets - 1,191,016
Central Distributions - 2,121,944
Commercial Income - 1,473,430
Merchandising Income - 181,158
Media Receipts - Nil
Wages & Salaries - 2,900,771
Nat Insce - 353,969
ASD Lighting Sponsorship 970,413
Owed to ASD Lighting (Loan) 600,225
Last edited by PeteWaller; 09-03-2017 at 11:42 AM.
And that is why we are cast adrift at the bottom with poor players and no manager.
The money has well and truly run out.
Not letting me upload PDF of accounts. I have asked Administrators for help.
Pete, do you know the details of the 'lease of certain assets'? Is it the ground? Does the actual football club have any assets, other than a few crap footballers?
Wage bill of almost £9m up from £3m - how much of that went to Warnock for the salvage job? Be interesting to compare and contrast to this season to see if Stubbs really did have a budget to compete and squandered it.
When Ronnie took us up the last time our wage bill was said to be £4m
One a day, these are the accounts, as a business the football club will set a budget for the season based on expected incomes and will then allocate the money to each area of the business. Its not a case of money running out, its a case that the expendirure has been £1.4m more than the income. This could be because the income was lower than expected, because expenditure was higher than expected or because the club expected and budgeted to make a loss and have plans in place.
Two things jump out at me, including NI, the wage bill is £10m out of revenues of £13.3m ouch.
ASD sponsorship is more than all season ticket sales and matchday income combined and is more than 60% of all commercial income.