City Announce 2020/21 Accounts

It is more than Covid. Players sales hid how disastrously the club was being Managed and run by LJ & MA. Now minus player sales losses have increased to thirty million plus as I predicted in a response to a poster with a LJ loving fixation. Covid did not increase the wage bill to its mammoth proportions v income. Covid has increased a loss that still would have been in the region of twenty five milion without the pandemic.

 

really looks bad on paper.. bet there are few peeps sharpening up their fake news knives .. Wiz's post of the narrative holds all the questions and answers. I think previous posts [ years pre 20/21 ] have highlighted how it all works and yes on paper it does look bad.. but thankyou SL. ............HNY

 

It’s ok everyone RR says Nige has been promised funds. So hopefully Gayle joins with our 600k we’ve got left.

 

what £600k where did that come from! someone leave a brown paper bag stuffed with notes at the main door ..

 

You’re allowed 39m so we are 600k below that.

 

I think you'll find that's a total of £39M loss over 3 years, not one.

 

its a rolling 3 year period? for £39m so technically over that!!! generation of 26m shares helps out! [ maybe less going through accounts on page 20 something now ]
Ah didnt press post ... read on getting to end ..... seems like getting shot of LJ ETC cost circa £1.8m DH about £1.3m

 

a lot to read some difficult to understand but effectively we are in the doldrums but not sinking yet!
We do only have "2 " directors, JL and Mr HARMAN ... 90 something players on the books! next years accounts will be interesting to say the least ....

 

Fake news like?, the wage bill almost doubling?, signing 65 players (including a goalkeeper with defective eyesight, that's a beauty)? and a piss poor squad?

Whether you or anybody else likes it, it is what has happened and somebody allowed it to happen and allowed it to continue to happen over a 4 year period and was happy to do so and now those calamitous decisions are coming back to arse bite us, sorry but as good a man as SL is (and he is a good man) I have no sympathy for him over this, it was self inflicted.

 

I think any comment regarding covid and BCFC finance should be treated lightly. Bristol City already had annual operating costs leading to losses of tens of millions it cannot cover via income (excluding promotion) prior to covid.

Paperwork was signed off by Harman a man by his own admission knows nothing about football.

There could be funds (some). Players being out of contract will reduce loss by millions (5-7?). Getting some out of the club a Palmer or Wells alters the figures further. The constraints Mr Pearson is under could alter a little .. Little means signings would not be considerable or significant in terms of fee x wage.

 

I agree.

In the main, covid has provided another get out jail free card/another excuse that is papering over the cracks caused by comical decisions over the past 4 years.

 

Over four years ago. David James signed for BCFC. Steve Coppell did not sign him. Four/five years ago Luke Ayling was binned and it was not the Managers doing. Ashton did not employ himself. Jon Lansdown would have been a chairman nowhere (or close) else, One of Europes top young coaches Lee "we have lost our dentity" Johnson ... Comical decisions.

When people like Burt joined BCFC the comical briefly stopped. The club (!) needs more football knowledge in its board room.

 

Yep, totally agree in the main the signings under Burt and SC were quality and the squad unity was total, there were no stars, no egos and no massive under performing overpaid prima donnas, unlike now, lets hope we can mug some other clubs off with them in January, not going to hold my breath, a possible big money move by Lloyd Kelly might help swell the coffers.

But at the end of the day the football playing side of Bristol sport has been sadly overlooked and run in shambolic/comedic fashion and somebody has to take responsibility for that, that is why I have no sympathy for SL over the latest figures, but I suspect that as Gould has already done the groundwork covid will make a convenient smoke screen to hide behind.

 

Clearly, you do not know how to read accounts, look at the 2020 figures, the only reason the club is solvent now is down to those player sales and dealings of MA (mainly). Clubs in this division generally operate at close to breakeven or at a loss, and rely on transfer fees, and City are no different. If it wasn't for those player-generated profits from 2020, we could well be going bust now, but you carry on with your previous regime bashing without a clue what you're talking about....

 

In this period we sold around 75mil worth of players and spent around 65mil on players, we doubled the wage bill and presently have a squad that we paid around 40mil for and we would be lucky to get any sort of fee for any of them, certainly we would not make a profit on any of them.

I think your last sentence maybe more apt pour vous.

Also during this period we have sold players at losses starting with Tomlin to Eliasson.

 

A mite rude. I have been looking at the accounts over years. Perhaps you cannot read accounts?

The club is not solvent, its deabtable solvency is created by loans from the parent company - currently seventy million. Without these loans from its owner the club could be going bust. Your solvency is selling the playing assets AND a seventy million pound loan.

With respect Bristol City do not generally operate close to breakeven over the last ten years. Club account summaries within the mentioned timsescale have highlighted concerns over the viability of BCFC as business.

 

It is crystal clear City have big financial problems and the sustainable model is bull crap. Losimg 34 million just to be a sh*t championship team is ****ing mental.