And this ladies and Gentlemen falls at the feet of Steve L a money man a man that made his money from money. He allowed the club to run under Ashton that man has clearly screwed it. How that man is still in football is crazy. Watford-Bristol City both be screwed.
Let's be honest the pre LJ signings of Flint and Pack yielded a profit as did Webster and Brownhill. The rest of the more 60mil + outlay has yielded nothing at all. Pretty much the academy the only part of the club that can actually claim to be a success.
my reasoning exactly spot on. I dont think its rude, it took me an hour to go through the whole 46 pages this am, [ I had to submit accounts for 19 years till 2020 and for 5 years in the 80's and found them entwined]. I mentioned #11 a lot to read some difficult to understand but effectively we are in the doldrums but not sinking yet! because accounts are like jigsaw puzzles, all the bits have to be face up but not in the finished order. As for being solvent the club on paper lost almost £40m. I also stated #4 explained different attributes of accounting so not going there .... if you understand accounting then you can reappraise where you might be going wrong? check the figures regarding loans.. and the amount ... where they are coming from... depreciation is a scapegoat! ..... check status of liability ... check status of loans ... Your statement ref Harman is way off the mark .. makes no difference what his knowledge of football is... he is a successful business man, knows finance how it works what figures mean .. in #11 I did point out we do only have 2 directors! Well practice in football does seem on occassions to have investors who do not sit on the board but have a trusted person as a director to sit there for them. SL stated need others to invest! maybe boardroom seats are there ready for them!
The only thing I get out of these figures is a club that lost it's way a long time ago and during the interim went down the road of hiring under qualified and cheap personnel. Truthfully I can't see us remedying those diabolically poor decisions during the transfer window and the only hope left is hope itself. Before you decide how to build anything, yet alone a football club, you need to know what you want and then come up with a plan to get you there but the major part of the plan is the foundation. Please explain the word "foundation" to Bristol City FC.
you are probably closer to the truth with your £34m than that published near £40m!! All teams outside of Championship is in the same/ similar boat [ excepting parachute receptors ] I do not disagree that BCFC has big financial problems ... but the sustainable model is pretty intact, although Covid has blindsided it partially. This is accounts for 20/21, no crowds, .... previous 19/20 was part "normal" 21/22 will be almost normal, at the mo! [ although crowds and peripherals will be lower ].
Yes It was rude. The club is losing money. The club is nowhere near breaking even. The club has to consistently restructure losses to comply with FFP because of its losses approaching the threashold over three seasons. Facts. My remark regarding Doug Harman was not off the mark. Mr Harman personally stated he knows nothing about football. He is an employee of Mr Lansdown as are Gould and Marshall. Then there is the Son. Knowledge of football? Sketchy and that includes Mr Gould.
definetly glad you are not on the staff in any capacity... you do not seem to comprehend how companies work .. structure etc there are 000's of companies world wide where board members are there or involved with running with no or very little knowledge about the product or service thats why they have boards and management teams ...
I'm not sure how we can dig ourselves out of this without selling the likes of Semenyo and HNM, unless SL finds some way of pumping even more of his money into the club
It was also arrogant as posters were bang on when last seasons accounts were out stating where things were going and how it would impact bringing players in. they certainly understood accounts.
One positive thought to add to the conversation, this report underlines the situation that has developed and the conditions we were suffering up and until the 31/05/21, we have appointed a new CEO and team manager that have started to tackle the problems that existed, the OOC players have gone, squad players reduced lowering an over burdened wage bill, restricted transfer activity, dare I say it MA and all of his enormous crew and influences have left or been removed, LJ, DH & J Mac have gone, internal staff numbers reduced or replaced, fans are back, stadia actvity is growing and the pandemic fears appears to be reducing. What I am trying to say is the disasters has been acknowledged and identified, actions have been taken to deal with the problems, in other words costs reduced and expenditure stopped, we are not sinking but recovering in very stormy waters, it would be great if our esteemed chairman would return from his yacht, show his face, offer some leadership and help the cause.
Still rude and arrogant. I understand that a company that loses one hundred and four million pounds in ten years, and only makes a profit once (2018-19) is not generally running close to breaking even. With respect your point about solvency was also uneven (literally). The bank of Steve bails out the club of Steve.
And there you have it in one. Yes the market is depressed at our level but out of our present squad assembled at a cost of around 40mil those 2 seem to be our only hope of a fee, even if that were achieved I suspect that a reasonable fee could only be achieved with a good sell on clause and add on's, it just shows how shockingly poor our recruitment has been and that with 18 more or so more players being out of contract this coming summer for many of them our best hope of off loading them is simply to let them go.
Again spot on, some people are more interested in defending people who were in charge when a crazy system was allowed to operate unchecked and has left us in the position in which we now find ourselves. We quickly went from a system that said we would sell at profit and invest wisely in younger up and coming talent on a like for like basis and that very quickly became a chaotic nonsense where 10 to 20 scatter gun signings per season would be made in the hope that 1 or 2 of them might be ok and the upshot was that due diligence went out of the window and the quality went with it. The bottom line was we had a manager and CEO in charge of recruitment and an owner who sanctioned it and now we are paying the price on field, with a 40mil squad worth maybe 10mil at best and that is the combined fees we paid for Kalas and Atkinson.
football is what it is in this modern day, clubs in the prem are unlikely ever to go bankrupt!!! should they be managed properly. Propped up by the "free money" thrust upon them by TV..OK they have to change a few fixtures away from Saturday 3pm but sometimes good for the fans! However the greed of the agents, usually on a set fee plus commission on sales [transfers] takes a lot of money out of football. All the fee's earned by agents fee's in the prem in 1 year would likely keep a couple of lge 2 clubs afloat without needing to charge the fans for entry!!!! Patience is needed BCRW .. gone are the days when clubs stayed in business by crowd fee's odd sale of players .. now everything is inflated, so many outside things influence clubs finances and adjustment [ if ever there is to be one ] to find the level playing field. OWNERS take on the responsibility of "keeping their club afloat" and FFP does act as a sort of filter to stop a billionaire or multi billionaire from just buying a club then writing a blank cheque for say £700,000,000 tell a manager to go out and buy a team, say buy the squad of the Wales team as a starter! SL LIKE ALL OTHERS HAS TO DO IT WITHIN THE RULES... or end up like Derby. WE will never know, should covid have not come along, where we might be. there are knockers out there that do not understand the rules of business and finance thats why laymen like us have to have trust..........and patience! left off the yacht bit! ................. We are lucky, we have an owner who is proud of Bristol, the football club and is repaying some of the money that he earned from those early days back in Clifton / Whiteladies road area?!!! CLUBS BELOW THE PREM and not on parachutes are going through the same... most will identify the same things and attempt to take actions. #11 doldrums and not sinking, maybe doldrums was a bit kind more like the southern ocean and the cape!!! in a sound ship, and now heading for the doldrums!!!! Expenditure has not stopped, has been checked but other attributes have been reigned in. IN A YEARS TIME the accounts will be a little better, but close of play is 31st May2022 and will reflect the saving of getting shot of the players like Fammy/Patto etc. We have got shot of MA but been replaced 1 of the 2 coach's replaced but we do not know the costs of that. With PS likely aribtrated handshake ... maybesame with KD??? AND we have some crowd money but about 12-15% less than 2018/19?? as you say recovering in [very] stormy waters ...
which season are you implying as "last season" 2020/21 or 2019/20? there is a big difference in "understanding accounts, all 46 pages of them" and knowing the impact of no crowds and reduction in income would lead to no money, or very little, to bring in players. This is a 2 edge sword because on the otherside getting rid of players would be severely affected by other clubs not having money caused by the same problems!! We are generally heading for a bad time, Ive been through a few ....rationing ... interest rates [ mortgage ] at 15+% unemployment of 3.5m [population 50+m ] .....inflation at over 4% above wage rises 2022 will see peeps needing another £40 to £45 a week to just spend on what they do now ..... the roundabout has started! inflation.... more wages ... higher costs.... more wages .... higher costs .. time to covert to gold.. certainly not in expensive football players!!!!
left off the yacht bit! ................. We are lucky, we have an owner who is proud of Bristol, the football club and is repaying some of the money that he earned from those early days back in Why have you let off the yacht bit, we are lucky to have an owner like Steve L, we are unlucky to have a chairman like John L who disappears, never to be seen, except when Daddy is required to make a decision, he is a total passenger and contributes zilch IMO.
The Political Economy of Football V2 Owner's support of Bristol City tops £214m December 29, 2021 Football finance guru Kieran Maguire reviews the latest accounts of Bristol City. Revenue was down 39% to £16.7m. Wages were up 6% to £35.3m. Wages were £212 for every £100 of revenue. Day to day losses up 26% to £44m. Owner investment up to £214m. Bristol City have lost £412,000 a week every week for the last ten years from day to day trading. Bristol City's losses over time have now reached £170 million. Losses can be offset by player sales and owner funding. Player sale profits were down from previous season but still over £6m, and along with furlough helped reduced pre tax losses to 'just' £38m. Bristol City spent £2m on new players in 2020/21 but had sales of £7m. Total income has nearly halved in two years as impact of Covid hit last season with matches taking place behind closed doors. Matchday income down 86% to just £0.7m as only taking were from season ticket holders. Broadcast income similar to previous few seasons, EPL solidarity payment slightly up to £4.65m from £4.5m but EFL pool money fell. Commercial income substantially down by 44% reflecting lack of activity at Ashton Gate from conferencing etc. Wages continue to rise, staff numbers fell from 797 to 562 as matches BCD and a catering staff not needed as well as stewards etc. Playing staff were up from 83 to 97. Average 1st team wage just over £16k (a week). Club claimed furlough income of £1.6m. Bristol City owe money to owner Steve Lansdown and companies he controls. This has increased to over £96m. Steve Lansdown's continued support of his club has now topped £214 million. After making all this expenditure still no sight of the Premiership. Not Lansdown’s fault: it shows how crazy Championship finances are. The club are within financial fair play rules. https://footballeconomyv2.blogspot.com/2021/12/owners-support-of-bristol-city-tops-214m.html
I still find it hard to forgive SL for employing LJ and Ashton. Would I want anyone else owning BCFC? No bloody thanks.
to be honest we dont know what anyone actually contributes .. we only judge by what we are allowed to see.. should I wear my AFC top ... shopping or down the pub or on a day out no one knows what or how much I contribute to AFC charity! secret millionaire / or company owner progs are a sort of reversal of the comment ... they dont know what certain employee's do until they see it of find out.
Somebody will be along soon to say Kieran you clearly do not know how to read accounts and all those facts and figures are regime bashing!!!
