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Thread: A club not run so prudently

  1. #1
    Join Date
    Jan 2008
    Posts
    33,673

    A club not run so prudently

    It just goes to show how grateful we as fans of Rotherham United should be, to have such an astute Chairman like we have. Not only is he our saviour but the way he runs 'a tight ship' speaks volumes in comparison to the club and Chairman shown below. Thank you Tony Stewart.

    Bristol City state they are in a sound financial position, really? They have announced a loss of a staggering 10 Million pounds despite offloading and selling 25 Million pounds worth of players. That's a whopping 35 Million pound in total that were losses. Unbelievable!

    From the BBC sports page.

    Bristol City have made a pre-tax loss of just over £10m, despite making a profit of over £25m on player sales.

    The figures, which are for the 12 months until the end of May 2020, include the first months of the Covid-19 pandemic and the shutdown of football that followed until June.

    Matchday income fell by £600,000 compared to the previous year.

    The Championship club made a pre-tax profit of £10.95m in the 2018-19 financial year.

    The sales of Adam Webster to Brighton and Hove Albion, Marlon Pack to Cardiff City and Josh Brownhill to Burnley all netted the Robins substantial transfer fees, but the club are still reliant on billionaire owner Steve Lansdown's continued financial support.

    "We have had no matchday revenue from crowds since 7 March last year so we are under no illusions that the results for this year will be very sobering and we will have to cut our cloth accordingly," said chief executive Mark Ashton.

    "Overall we are in a stable financial position, with a team competing at the top end of the Championship, and a new state of the art training ground opening in the spring that will bring our first team and Academy together for the first time so we have a lot to look forward to."

  2. #2
    Quote Originally Posted by Brin View Post
    It just goes to show how grateful we as fans of Rotherham United should be, to have such an astute Chairman like we have. Not only is he our saviour but the way he runs 'a tight ship' speaks volumes in comparison to the club and Chairman shown below. Thank you Tony Stewart.

    Bristol City state they are in a sound financial position, really? They have announced a loss of a staggering 10 Million pounds despite offloading and selling 25 Million pounds worth of players. That's a whopping 35 Million pound in total that were losses. Unbelievable!

    From the BBC sports page.

    Bristol City have made a pre-tax loss of just over £10m, despite making a profit of over £25m on player sales.

    The figures, which are for the 12 months until the end of May 2020, include the first months of the Covid-19 pandemic and the shutdown of football that followed until June.

    Matchday income fell by £600,000 compared to the previous year.

    The Championship club made a pre-tax profit of £10.95m in the 2018-19 financial year.

    The sales of Adam Webster to Brighton and Hove Albion, Marlon Pack to Cardiff City and Josh Brownhill to Burnley all netted the Robins substantial transfer fees, but the club are still reliant on billionaire owner Steve Lansdown's continued financial support.

    "We have had no matchday revenue from crowds since 7 March last year so we are under no illusions that the results for this year will be very sobering and we will have to cut our cloth accordingly," said chief executive Mark Ashton.

    "Overall we are in a stable financial position, with a team competing at the top end of the Championship, and a new state of the art training ground opening in the spring that will bring our first team and Academy together for the first time so we have a lot to look forward to."
    The loss would be alot to due with upgrading their stadium i guess the final stage was finished about the time those accounts were done .You only get grants for so much of the costs

  3. #3
    Join Date
    Oct 2009
    Posts
    1,829
    The chickens will only come home to roost when such times as their owner gets fed up, say like the Derby owner. Thatís why there needs to be a salary cap and knocking these parachute payments on the head.

  4. #4
    Join Date
    Aug 2009
    Posts
    4,486
    Agree with Brin's sentiments regarding TS, but the clue to Bristol's position is this -

    "but the club are still reliant on billionaire owner Steve Lansdown's continued financial support."

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