Club income could be down by £17m

In 2019 our income of £137m came from club generated £24.7m and TV £114m whilst we spent £10m net on players. We had £131 to run the club and made £4 profit so we need £127m for status quo


This year I guess our club generated income will be nearer £10m and TV was £127m but that will be less the funds for EPL to EFL at £12.5m per PL club and less reduced Chinese rights and sums due to breach of contract on TV rights so possibly we will get only £100m That means we have around £110m so we need to save £17m

No great player sales and we have so far loaned Gibson for £2m and gained Stephens for £1m.



Club generated
Match day £6.3m
Catering £2.5m
Other activities £14m
Retail sales £1.9m
Subtotal £24.7m

TV £115m

Player in/out -£10m

In 2020 my income Projections

Club generated
Match day -£ 5m no gate receipts, cost of 18 home games, staff furlough
Catering £0m
Other activities £14m ( sponsorship probably)
Retail sales £0.5m
Subtotal £9.5m

TV £117m

Payments due
Actual league position: 10th
Equal share: £31.8m
Facility fees: £12.3m
Merit payment: £19.5m
Overseas TV income: £58.7m
Commercial revenue: £5m
Total: £127.3m

2018-19 payment: £107.3m
Difference: +£20m

Contribution to EFL clubs £10m

Player in/out -£1m

It's no consolation, but with our tiny ground we're much less dependent on gate income than most, in fact it's almost insignificant compared to the TV income, but clubs with grounds holding 60/70/80 thousand must be taking a huge hit. If we get relegated and regroup, there might not be much of a PL to come back to, if this pantomime carries on much longer.

All in all, I am coming to the conclusion Garlick is not as daft as us lot make out! :)

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Originally Posted by The Bedlington Terrier

All in all, I am coming to the conclusion Garlick is not as daft as us lot make out! :)

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He is sat in his bubble with the internet turned off, headphones on listening to his favourite music and studying the accounts and trying to work out how he could have spent all the money that the fans wanted to spend and whether or not it would have improved anything.
It's easy being a very rich owner of a PL club, however, Garlick doesn't fall into that category as alto will tell you ---second hand cars a speciality but not really wealth inducing. :P

Quote:

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Originally Posted by The Bedlington Terrier

All in all, I am coming to the conclusion Garlick is not as daft as us lot make out! :)

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I’m sure he isn’t and he has the best interests of the club in his actions though with a hint now of selling or getting outside investment.
The problem seems to be he hasn’t shared the facts with Sean and got a joint agreed approach with the Chief Exec so Sean can feel his views and his and players needs are being met as best they can.

I wonder if the Gibson and Drinkwater debacles have created a rift that needs to be fixed soon.

Things could be worse than I predicted as I could see the sponsors wanting rebates for lack of exposure to the crowd and no programmes.

The accounts show the club are holding a merger reserve of £11m and a profit and loss reserve of £65m in the balance sheet as part of the total equity of £81m.

In 2016 these figures were £11m and £2m under a heading Shareholders Funds when our net assets were Only £17m

Quite what these are for I have no idea and who we have wanted to merge with for so long. Could in be the Cricket Club ... or Rovers

There is no reason why the club couldn’t report a loss, as we did in 2016 when promoted and our income fell by £30m. The board managed much bigger cuts then than now.