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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/spor...eficit-3594405
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 ??
Thuz fans drinks bill @ luton ( 50% discounted) to come yit , that's another thuttee quid at leerst !
----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.
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.
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.
The club took a £3m loan out offered by the EFL during the covid period .Quote:
Originally Posted by Redrascal
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.Quote:
Originally Posted by animallittle3
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.
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. 😟
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.