https://www.sunderlandecho.com/spor...nd-afc-s-last-premier-league-season-1-9149361 Basically, we lost 9.7 million last year. Which is what we had to pay out for the Alvarez cock up. Revenue was up, wages made up 66% of the running costs.
I noticed this.... So have we all got it wrong about the players wages being reduced with relegation from the premier league? And while the club’s wage bill remained virtually static at £84.4million, the sharp rise in income meant the proportion of turnover devoted to paying its staff dropped from 77.6% to 66.8%. Ellis Short Ellis Short did not draw a salary from the club. But the Texan billionaire has since agreed to write off the club’s debt in its entirety in order to clear the way for the takeover announced on Sunday by a consortium led by Stewart Donald. He had already written off £100million.
Was just about to type that. It does show that the books were on the cusp of being balanced prior to relegation from the Premiership but in that decade I think overall you guys must have made some large losses - like most Premiership clubs I think. It's a worry. Not for you guys though! Now Short paid off that debt there's hope that you may be one of the most financially healthy clubs around. Still need to wait until we get the exact details though I guess.
Seems like good news at last, if its true about Ellis writing off our debts, its a magnanimous gesture by a man who has had a lot of flack thrown his way. Luck plays a big part in football and he had certainly had his share of the wrong kind at Sunderland, a lot of it unforeseen.
What we see there is the season big Sam was our manager for the majority (16-17). We’ll only see the true result of the premier league relegation this time next year under Moyes. And similar for this current relegation, it’ll be two years from now for the Grayson/Coleman financials. Regardless though, Short has written any debt off which is frankly amazing.
Following relegation #SAFC loss almost doubled from £10.2m to £19.9m, as revenue basically halved from £123.5m to £63.7m and profit on player sales fell £26.5m to £6.6m. Offset by once-offs: £8.2m profit on sale of Charlie Hurley Centre; no repeat of 16/17 £9.7m Alvarez payment. please log in to view this image Although #SAFC £20m loss was obviously not great, it was by no means the worst in the Championship with the promoted clubs “leading the way” (though adversely impacted by hefty promotion bonuses): #WWFC £57m, #FFC £45m & Cardiff City £39m. In fact, only 5 clubs reported profits. please log in to view this image 11:52 PM - 3 Jun 2019
With the parachute payment falling from £42m to £34m in 2018/19, I estimate that #SAFC had around £50m revenue in League One, which was 5 times as much as the next highest clubs: Rotherham United £10m, Blackburn Rovers £9m, Portsmouth £9m and Charlton Athletic £7m. please log in to view this image My #SAFC revenue estimate is: 18/19 £50m, 19/20 £30m, 20/21 £15m. Methven acknowledged, “We need to increase other revenues and keep costs coming down, so that we’re still sustainable once parachute payments are gone.” Happily, club says has already grown other revenue by £2.5m. please log in to view this image
Many #SAFC fans might be surprised to see they had the highest paid directors’ remuneration in the Championship of £2m. Most of this went to Martin Bain, who trousered £1.9m (including a £1.1m severance payment). That makes a total of £3.1m for overseeing 2 relegations in a row. please log in to view this image 3 replies9 retweets9 likes
I find it staggering that some people defend Bain and say he came across 'well' in the documentary. The man was pure slime.
This really does show that time is of the essence. The upcoming season still has Sunderland as having far more money than the other teams in League One (and hopefully with fewer drains on it now some of the old dead-weight has been shifted) but the drop off in parachute payments the following year and then in 2021 could have some pretty major repercussions. Realistically it is only a matter of time until promotion to the Championship but getting up to the Premiership is going to then be a big task, there will be other teams with more money to compete with. One step at a time I guess. Overall nothing too terrifying there. It is what it is.
There are some dumb, blinkered people on here who have a go when the obvious is pointed out to them. They say that they call you out for pointing out the clubs failings
I was told about Bain as he was joining the club that he was a joke, and despised north of the border and not just at Rangers, who he helped to practically destroy. He turned out to be a joke alright, but who's laughing, not us.
Bain might not have been the most likeable bloke in the world but his job was like being asked to go into a boxing match with both hands tied behind his back.
No mate he was like a boxer going into a match he knew he'd lose but also knowing he'd pocket millions for the 'attempt' and he did it with a **** eating grin. He wasn't brought here by false promises by Short he knew exactly what's his job was. A hatchet man.
