RUFC Accounts for Year Ending 30th June 2016

[PeteWaller]

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

[one_a_day]

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.

[PeteWaller]

Not letting me upload PDF of accounts. I have asked Administrators for help.

[gorky]

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?

[S8_Miller]

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.

[tony260674]

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.

The earlier year is only a 6 month account period.

[frogmiller]

When Ronnie took us up the last time our wage bill was said to be £4m

[tony260674]

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.

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.

[PeteWaller]

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?

Hi Gorky, I have tried to convert the relevant note. Not sure if you will be able to read it ?

[tony260674]

When Ronnie took us up the last time our wage bill was said to be £4m

Who said that Frog??
I doubt that was the case, apart from the season with the Ondigital money, the club wasn't generating £4m per season abck then and in the season with the TV money, Boothy took it all to repay his loan.