Barnsley Fc report losses for the year ending May 21, 2021

[POGGYWELL]

Barnsley FC: Loss of Oakwell fans behind £4.2m deficit

BARNSLEY have announced a loss of £4.2m in their latest accounts filed via Companies House for the last financial year ending on May 31, 2021.

See link below:

https://www.yorkshirepost.co.uk/sport/football/barnsley-fc-loss-of-oakwell-fans-behind-ps42m-deficit-3594405

[GRASS SOD]

Another puzzle exactly how have they come up with that figure especially when they got around 7 million compo for games played behind closed doors or does this come in the next financial year ??

[Romared]

Thuz fans drinks bill @ luton ( 50% discounted) to come yit , that's another thuttee quid at leerst !

[SBRed48]

----and they ent even paid for the purchase of the club yet.

Sumdi will evvto foot the bill if we go darn and lose £6 million in income. One thing is certain--it wont be Conway (arseoyle) and his mates.

[Redrascal]

Wasnt there summat said but clubs that need more help due to covid would be helped out further,sure i red summatt. Or maybe theyve paid cryne more out of the clubs season ticket money during covid.

[Jules88]

It also cites that ‘impairment of player registration values and onerous player contracts resulting from loss of form or long-term injury’ is also another factor for uncertainty.

In other words……. they admit they WERE worth more playing a system that got them into the play offs, than they are now.
They said they weren’t worth owt, and now they say that a “Loss of form and long term injury makes them worthless.
Not a Policy change then……?

Onerous contracts…….., Well, the club signed them.

As for the £650k drop in season ticket sales……… ! Just wait till April.

[animallittle3]

Wasnt there summat said but clubs that need more help due to covid would be helped out further,sure i red summatt. Or maybe theyve paid cryne more out of the clubs season ticket money during covid.

The club took a £3m loan out offered by the EFL during the covid period .

The financial situation at the club should be of great concern to all followers of this club , it's not just grim is disastrous .

The ownership have done exactly the opposite of what they said they would do .

They said they wouldn't do anything crazy but they have .

Because not a penny of their own money has been risked they've thought nothing of spending the club's money like a kid in a sweet shop .

This is a point that supporters need to understand .

There's next to nowt left with a relegation and a £8m hit to the finances looming on the horizon on the back of these latest accounts .

In short they've basically walked in to this club whilst paying next to nowt for it initially and emptied the club's till over a four year plus period .

Unless there is some investment coming in to the club from the ownership then we look in massive financial trouble to me if we are indeed relegated .

[pass_and_move]

The club took a £3m loan out offered by the EFL during the covid period .

The financial situation at the club should be of great concern to all followers of this club , it's not just grim is disastrous .

The ownership have done exactly the opposite of what they said they would do .

They said they wouldn't do anything crazy but they have .

Because not a penny of their own money has been risked they've thought nothing of spending the club's money like a kid in a sweet shop .

This is a point that supporters need to understand .

There's next to nowt left with a relegation and a £8m hit to the finances looming on the horizon on the back of these latest accounts .

In short they've basically walked in to this club whilst paying next to nowt for it initially and emptied the club's till over a four year plus period .

Unless there is some investment coming in to the club from the ownership then we look in massive financial trouble to me if we are indeed relegated .

Been saying the same forra while nar Animal. Relegation will be a disaster financially. Staying up I suspect will still see us still heavily in the Red.

Interesting that we have Conway coming out in the press criticising the clubs who overspend and aren't punished, yet the PMG have let us fall into this kind of debt.

[Acido]

Hes got a right nerve to whinge about other clubs getting away with too much financially. Because whether its true or not, hes got no right when you look at how appallingly he & co have run us in the 4+ years so far.
We could be in real trouble next season in Lg One and Im sure it won't be their fault of course. How close for example, could we be from administration after relegation, its happened before. 😟

[Young_Nudger]

Something I can’t comment on - because I need leading by the nose when looking at accounts.
In saying that - accounts can often say what the accountant wants them to say.

[animallittle3]

Something I can’t comment on - because I need leading by the nose when looking at accounts.
In saying that - accounts can often say what the accountant wants them to say.

Yeh which is more worrying given generally accountants have the capability to paint a false picture .

If these books were cooked then the real picture is off the scale .

Highest revenue since our PL season and subsequent parachute payment season's .

Modest profit on player trading .

Highest loss in the club's history recorded and set to lose even more money in the summer .

" Nothing crazy " .

Hmmmm !!!!

[Young_Nudger]

Yeh which is more worrying given generally accountants have the capability to paint a false picture .

If these books were cooked then the real picture is off the scale .

Highest revenue since our PL season and subsequent parachute payment season's .

Modest profit on player trading .

Highest loss in the club's history recorded and set to lose even more money in the summer .

" Nothing crazy " .

Hmmmm !!!!

If you put the accounts in front of me I wouldn’t be able to understand them.
However - I look at the bottom 4 in the Championship and there’s a common denominator why those 4 are there.

Lack of money.

But the Barnsley situation is different.
All the other 3 clubs CAN’T spend - either because of debt or lack of money at the club.
Whereas Barnsley WON’T spend.

The owners have a duty to guide this club towards success.
If that means the directors have to spend more than what they initially envisaged then so be it.
Fans don’t want them ‘to go crazy’ but we don’t want them to be cheapskates either.

[animallittle3]

If you put the accounts in front of me I wouldn’t be able to understand them.
However - I look at the bottom 4 in the Championship and there’s a common denominator why those 4 are there.

Lack of money.

But the Barnsley situation is different.
All the other 3 clubs CAN’T spend - either because of debt or lack of money at the club.
Whereas Barnsley WON’T spend.

The owners have a duty to guide this club towards success.
If that means the directors have to spend more than what they initially envisaged then so be it.
Fans don’t want them ‘to go crazy’ but we don’t want them to be cheapskates either.

Your missing my point .

The ownership are actually very enthusiastic about spending money just not their own .

It's one thing to pyss your own money away placing the club in jeopardy but quite another to spend the the club's and have it in such a perilous financial state .

An example of their recklessness was to spend £1.2m on Herbie Kane knowing full well they were going in to a season under financial strain because of covid .

But it's easy to spend money when it's not your own isn't it .

Now you could argue they were showing ambition but I don't see it that way , they were speculating without risking their own funds and hoped to benefit personally themselves by doing so .

Why are they here ? , to financially benefit personally by placing the risk on the club and not themselves .

That's my point .

[Young_Nudger]

Your missing my point .

The ownership are actually very enthusiastic about spending money just not their own .

It's one thing to pyss your own money away placing the club in jeopardy but quite another to spend the the club's and have it in such a perilous financial state .

An example of their recklessness was to spend £1.2m on Herbie Kane knowing full well they were going in to a season under financial strain because of covid .

But it's easy to spend money when it's not your own isn't it .

Now you could argue they were showing ambition but I don't see it that way , they were speculating without risking their own funds and hoped to benefit personally themselves by doing so .

Why are they here ? , to financially benefit personally by placing the risk on the club and not themselves .

That's my point .

Well when I said ‘money’ - I meant their own money.
Or should that say - not enough of their own money to move the club forward.

[Barnsley Chop]

Well when I said ‘money’ - I meant their own money.
Or should that say - not enough of their own money to move the club forward.

:?:?

[animallittle3]

Well when I said ‘money’ - I meant their own money.
Or should that say - not enough of their own money to move the club forward.

If these owners had the best financial interests of the club at heart and ran it in a sustainable way then the budget would be what you'd expect of a lower league one club or a club in league two .

The sky tv revenue would be akin to having outside investment coming in .

To run this club in a sustainable way the wage bill needs to be around four to five million and not anywhere near the figure it is right now .

That kind of wage bill wouldn't allow the club to be in the championship but that's not the point , if the club hasn't the resources to play in the championship then so be it .

I haven't the financial means to buy a nice detached house in Cawthorne either .

What the owners have done is to create an illusion of financial prudence but in real terms have stolen the club's money and gone to the casino gamble with it so as to profit personally themselves at some point in the future .

They haven't lost at the casino because they were never playing with their own money so how could they ?

It's the club and it's fans that have lost at the casino and they never even stepped through the casinos door .

This isn't so much as reckless it borders on criminality .

But in this town amongst some it's Luke Goddard who is the criminal and a stain on the town .

It will be a long time before I want to share the same air as some of our supporters inside Oakwell if ever at all .

[Romared]

Well said , totally agree Animal

[EthelRed]

Big respect for Luke. Had the balls to stand up and say it as some of us see it.

[animallittle3]

Big respect for Luke. Had the balls to stand up and say it as some of us see it.

Here here to that Ethel .

[EthelRed]

If I drop on that lad in town. I would be honoured to buy his tipple.

His presentation of the situation we face at the garrison was really well researched and laid the facts out as they should be/are

Top lad.

[Barnsley Chop]

Agree Ethel.

[animallittle3]

Well said , totally agree Animal

If Gally , Loko plus the rest of The Supporters Trust and the rest of the club's sycophants think I'm rallying round the club when the financial shyte hits the fan then they'd better think again .

They'll own it , if the club goes to the wall then it goes to the wall , they helped it on its way in my opinion .

# Not A Penny More #

Says exactly what it says on the tin .

[Romared]

If I drop on that lad in town. I would be honoured to buy his tipple.

His presentation of the situation we face at the garrison was really well researched and laid the facts out as they should be/are

Top lad. and meanwhile the Supporters trust are doing ? Living in glass houses!

[Acido]

Yeah and what sort of 'fans' does it make them ehh ?, dishing out unfair comments like that towards Luke and his colleagues.
Are they happy then to sit by and just accept whats happening. Saying things like at least we've still got a club to support, and that Conway & co do mean well, and have just been unlucky etc. 😬

[EthelRed]

They are sitting in glass palaces with the mentality of ‘ I’m in with the in crowd’ meaning arseoyle and co.

It’ll bite them in the arse.

Sycophants!

Where’s ponty end tonight?

[animallittle3]

They are sitting in glass palaces with the mentality of ‘ I’m in with the in crowd’ meaning arseoyle and co.

It’ll bite them in the arse.

Sycophants!

Where’s ponty end tonight?

Supporters under absolutely no distress decided to by themselves to pick a side and many chose the owners .

That's fine , fair do's it's a free country .

It's also a free country for me to tell you to shove your buckets up your ass if the The Supporters Trust ask me to donate and save the club from extinction .

That won't be happening with this particular Tyke .

I've chosen my side too and it works both ways .

[EthelRed]

👍

[animallittle3]

How on earth given the ownership knew what financial stress the club were under and set to play a full season without fans have then allowed the wage bill to increase to £14.3m ?

Why did they take out the EFL loan of £3m when in real terms covid only lost the club just over £600k ?

Because it was free money possibly and to be paid back by the club and not themselves is the answer .

Because the numbers are relatively small in comparison to other basket case championship clubs is to actually miss the point .

The point is that because our revenue streams are amongst the lowest in the championship the losses are just as substantial in real terms , the numbers are irrelevant but the affects most certainly aren't .

As I've pointed out the ownership have wanted to grow the club and compete as a championship club alright but they've wanted to do it without investing any of their own funds in to the project .

They've wanted to grow the club despite it having amongst the lowest revenue streams in the championship and now there's nothing left in the till .

Quite how many of our supporters can't see that these people are totally unfit to be anywhere near this club is beyond me .

It's financial incompetence right up there with many other championship clubs , the only difference is that it's incompetence coming from a different direction .

In short they've pyssed away the club's money trying to financially profit themselves at some point further down the road .

I suspect once relegation is confirmed something will give because if there's nowt left to gamble with anymore then their interest here will end .

How that pans out will be the question .

[SBRed48]

Conway (arseoyle) has no emotional ties/ feelings about Barnsley FC. To him it's all a financial game played with other people's money.

I see The Friends of Conway & Khaled Ahmad are now trying to justify KA not keeping to his word about monthly Q&A's with the Supporters Trust. The excuses are--

1 KA didn't really say he would have monthly Q&A's but said he would "communicate monthly" and he does this through the Grove St Programme. I recall when Luke G was being belittled the claim was it was better to talk to Conway/Ahmad through monthly Q&A's, the next one being in February. Needless to say it never took place.

2 KA did communicate with fans that month because he stood at the back during the Garrison presentation and turned up for a drink in The Manx one evening and fans were present.

Conway and Ahmad must be p1ssing themselves at the meek acceptance and defence of this by The Friends of Conway & Khalid Ahmad. There are still a few Barnsley fans around willing to be pillaked.

[animallittle3]

Conway (arseoyle) has no emotional ties/ feelings about Barnsley FC. To him it's all a financial game played with other people's money.

I see The Friends of Conway & Khaled Ahmad are now trying to justify KA not keeping to his word about monthly Q&A's with the Supporters Trust. The excuses are--

1 KA didn't really say he would have monthly Q&A's but said he would "communicate monthly" and he does this through the Grove St Programme. I recall when Luke G was being belittled the claim was it was better to talk to Conway/Ahmad through monthly Q&A's, the next one being in February. Needless to say it never took place.

2 KA did communicate with fans that month because he stood at the back during the Garrison presentation and turned up for a drink in The Manx one evening and fans were present.

Conway and Ahmad must be p1ssing themselves at the meek acceptance and defence of this by The Friends of Conway & Khalid Ahmad. There are still a few Barnsley fans around willing to be pillaked.

When's that meeting pencilled in with Conway again SB ?

[EthelRed]

Does anyone know how much arseoyle and co paid themselves last year for their services to BFC?

[animallittle3]

Does anyone know how much arseoyle and co paid themselves last year for their services to BFC?

The total remuneration was £409k Ethel but obviously I don't know who got what .

I suspect that figure would include Dane Murphy's salary .

[animallittle3]

The club also have liabilities of £9.4m which are due to be paid within the next 12 months .

Around £4m is owed to the club .


It doesn't take a genius to work out we are in a huge hole when the inevitable relegation is confirmed .

[EthelRed]

The total remuneration was £409k Ethel but obviously I don't know who got what .

I suspect that figure would include Dane Murphy's salary .

So with the 750K they took and 409K in salary thats 1.159 mil quid out of the club coffers.

[animallittle3]

So with the 750K they took and 409K in salary thats 1.159 mil quid out of the club coffers.

Well to be fair no because as I say Dane Murphy's salary is probably included in the £409k .

Obviously I could only speculate on what Murphy's salary was and to be honest I haven't a clue .