Steve Lansdown invests extra £10m into Bristol City - this is what it means It has come from a fresh issue of shares Steve Lansdown has invested another £10m into Bristol City. The investment has come via a fresh issue of shares, totalling £10,105,639. Bristol Live spoke to Kieran Maguire, senior teacher in accountancy finance and accounting at the University of Liverpool and author of The Price of Football, to get the lowdown on what the news actually means for the Robins. As a basic outline, what does this mean? It means that Bristol City have another £10m in their bank account, that's the long and short of it. Under FFP rules owners can put in £8m a year and that counts towards FFP. When we talk about the club being able to lose £39m over three years, that's assuming the owners are sticking in £8m a year, so Steve has done that for the forthcoming year, which is good news from a cash point of view and also ensuring the club is closer to complying with the FFP rules. So is it more to do with FFP rules rather and the amount they have been losing, rather than a financial investment for transfers this summer? I think it's a bit of both. Practically every owner in that division will be injecting money in the form of cash via shares in order to ensure compliance with FFP. Bristol City lost a lot of money in 2018 that they committed in terms of wages and transfers and things of that nature and I think there's also been investment in 2019, so this will allow the manager over the course of the summer to be able to change his budget and improve it in terms of recruitment. My guess is that it is a positive for the club that the owner is not trying to restrict spending over the summer by saying they have less money to play with. How does the £10m compare to what other Championship owners are putting in? Most are putting in large sums. Trevor Hemmings at Preston normally puts in £6m a year. A lot depends on the losses which have been made by the club, so it does vary from club to club. Steve Lansdown is one of the more benevolent and generous owners around, he doesn't seem to ask for much in return and has obviously invested heavily in the infrastructure at Bristol City as well in terms of the stadium. https://www.bristolpost.co.uk/sport/football/football-news/steve-lansdown-invests-extra-10m-2936355
What a guy to have in your corner, generous but sensible, we are very lucky to have him. ' Steve Lansdown is one of the more benevolent and generous owners around, he doesn't seem to ask for much in return.' Top man.
Without his investment over the years where would we be?. agree with your sentiments completely, top man.
When you look around at the teams where ownership, particularly of the offshore type, have created serious long term detriment to those clubs and just walk away it has to make us very content with our leader and mentor. I am really looking forward to next season with all this positive stuff happening at Ashton Gate.
Hopefully the majority of fans appreciate how lucky we are to have to have an owner like him. When you have spoiled children complain about him not having 'ambition' & 'trying to do things on the cheap', they are not only ignorant, but ungrateful.
is likely an adjustment against Equity, and very interesting timing … at a time when the need for maybe a bit more cash to splash on wages .. an incentive for players to give it go for another couple of years !!!! the stark realization must be dawning on some players that moving to the PREM is not always as rosy as it looks ..great if you are in the top 8 ! but gets lousier as you drop down to the bottom 6-8 !!! not always as rosy when you move to a championship team that is " going for it" but falls short ….. there is a bit extra coming in from gate money City .. a few gigs … is stadium money shared by all! [ likely helps keep each teams match day costs down ] hospitality likely put on game team budget... more fans . more from the shop [ advance order for 2000 rebranded M&S Christmas puddings at £50 ] wonder how much Dunder put in? Missed what their deal was ………
