22.2 million pre Tax loss for 22/23

https://www.bcfc.co.uk/news/bristol-city-holdings-accounts-2022-23/

Scott sale outside so will show on next years figures.

 

This shocks me tbh. All i’ve read on here is how NP stripped out costs and balanced the books, yet these figures tell a different story. How can we have lost over £22m, even after selling Semenyo, and supposedly getting rid of all the old high earners from the previous regime? We still have £36m in staff costs, what the hell are they going on? Maybe this is what JL means when he says we have a budget that means we should be higher in the table.

 

Not an expert but some of the costs cut won’t show until the next set of figures.

 

Clever books. It’s a 13 month budget. At the cut of we still had Kalas and Dasilva on the books. Next years will be 11 months their wages gone plus Scott’s money. So rather than rolling three years to include one good year it becomes 2 good years. Probably why they wanted this season to be low spending.

 

Supcon

Inside, will you be crying over ROD'S response ?

 

Of course they should, most of the alleged high earners went between 2020 -2022, so they should absolutely be captured in these figures, the only thing missing is the Alex Scott sale.

 

Not at all, I have always said I didn’t believe our costs were just down to player costs. If the staff costs are still this high, with a supposed depressed budget available to Pearson for the last 2 seasons, how are the staff costs still £36m. Something isn’t right, not a dig at Nige, but how the hell can that squad cost £36m a year in wages? Is nobody else thinking this, even with Kalas and Da’Silva on the books, that seems too high to me, the staff costs are £6m more than 2022 ffs…and we supposedly massively reduced player salaries, it doesn’t add up?

 

City are not going be docked points under ffp and books have been balanced.

 

To be clear, this isn’t a bash about LJ, DH, NP or LM, more how is our club being run financially at the top!
I also thought what you say was the case, but if you consider all the points you make above, which are all valid, you surely have to ask how staff costs have risen by £6m from 2022 to 2023? There are some people on the staff, I assume directors etc, who are fleecing this club in wages, as the player budget has allegedly been cut, yet we have increased staff costs £6m year on year, that is frightening, when it was supposed to now be under control.

 

This will be up to pre season 2023 / 24.
Assumption would be that all the players let go by NP would have been paid some if not all of their contract payments [[ unless left by mutual consent and agreed severance paid ]???
Not seen the accounts and they tend to be tax "due" ones so need careful reading!

or they are changing accountancy period and 2023/24 will start/finish on new 12 month ending!

all accounts have a go back and go forward pattern permissable by HMRC rules .. I used it a couple of times in my near 20 years of accounting my own accounts .. my longest one was 15 month's other was 9 month's, in early days 2002 2008.
The following year you worked the same but had to adjust something [ there was a "something" ? you had to address... like why? ON both my occassions I had help from accountant proper advice!