How Bristol City's £38.4m losses compare with their 23 Championship rivals Bristol City have experienced two challenging campaigns on and off the field as the Lansdown's model of supposed "sustainability" has been brutally exposed by the pandemic, the collapse of the transfer market and high wage bill Bournemouth - £17m profit Sheffield United - £9.5m profit Huddersfield Town - £2.6m profit Peterborough United - £1.08m loss Luton Town - £1.9m loss Barnsley - £4.2m loss QPR - £4.5m loss Coventry City - £4.7m loss Blackpool - £4.8m loss Stoke City - £5.4m loss Blackburn Rovers - £6.6m loss Hull City - £8.15m loss Cardiff City - £11.2m loss Millwall - £13.1m loss Preston North End - £13.5m loss Nottingham Forest - £15.5m loss Middlesbrough - £30.8m loss Reading - £35.7m loss Bristol City - £38.4m loss Fulham - £94.4m loss Clubs yet to submit accounts Four clubs in the division are yet to submit their accounts for 2020/21: Birmingham City, Derby County, Swansea City and West Brom. https://www.bristolpost.co.uk/sport/football/how-bristol-citys-384m-losses-6921841
Our old 'Ashton' policy of buying and selling players for a profit, like stocks and shares has bitten us firmly in the @rse. It works when the market is buoyant - but when something like Covid - or a war - comes along and hits left-side we get fkd because we have no 'plan B'. I have a feeling that Nigel told SL that he couldn't believe that a club would try and generate its income that way.
all 4 of these could be in stukk! Derby however has been under prohibition so expenditure will be tightly controlled ... Brum were rumoured to be in the firing line ... pp's ... WBA have 1 season! Swansea out of benefit NP CONFIRMED HE THOUGHT THE METHODOLOGY WAS FLAWED ... "after some other ex player did an article" when our accounts were published. To be honest, which other way would work? ....at the moment! SL had a plan, bearing in mind we [ fans] are who we are and dont actually run our own businesses [ like with say a turn over of £2m+ ] and he has been 50% responsible for putting together a financial institution, revered in the industry as a market leader/ expert and worth £bn's, how can we argue??? He put up £xxxm of funding to do stadium and Failand ... next stage was multi complex like at Peterbro and a few other clubs that embrace hotel /precinct/ etc etc along came covid ..will it be built? at some point the money is separate [ SL stated funds were separate when Failand was in construction ] MA/ BCFC got it wrong, 75%+ MA got it wrong [ hindsight, can only ever be ] There was a rush to get back to the black, however circumstances now dictate wrong or not cashing in pre covid could have been lucky! If I was to be totally honest, I dont think we [BCFC] are where we need to be, I think we have the wrong manager and coaching staff in place. NP does seem to able to a point, but not the tipping point get results. [ bit like previous managers over past 7 -8 seasons ]. In the 80's I did a lot of courses on management and direct selling .. you know DOUBLE GLAZING/ SHOWERS/ etc. A lot of the salesmen were straight off the street and a successful one was about 1 in 4 .. H& L started like that, i know went on a course and decided not for me at that time ... but took it up 10 years later. the key was ...........Attitude to prospective staff was positive, no blackmail or chastisement or if you dont perform you wont get a job .. it was encouragement, more encouragement and then a chat that was friendly and make or break .... you would better as a rep than a salesman, try working for a company that gives you a round where you top up their product and endeavour from time to time add to the volumn they retail... a bit like saying to a player, sorry you are good enough to play for a lesser team at the moment, and improvement will hopefully come and you will have a good career!! not make a mistake and tuff poo!
R&W 'Our old 'Ashton' policy of buying and selling players for a profit, like stocks and shares has bitten us firmly in the @rse. It works when the market is buoyant - but when something like Covid - or a war -' .............. ......... Or we fail to buy in the quality that we sell. Because in my eyes that's what's happened.
I still don't understand how we are so much worse off? We haven't shelled out big money on transfer fees for 2-3 years now. Our wages are not that high compared to some teams; our highest earner is only £27k; we saw from the website that has been posted on here a few times there are teams with players on way more than that; take QPR, for example, £52k a week for Charlie Austin, yet only lost £4.5m. Something isn't right with our accounting somewhere! I don't think we, as City fans, are being told the whole truth here by SL!
We rely on selling players at a profit, we haven’t been able to do that for a couple of years, add to that the bottom has fallen out of the market, so we won’t be able to do it again for the foreseeable future.
That's the question which prompted the thread and made me wonder, these figures are for 2020/21, is there worse to follow? 'That's a result of the £38.4m losses posted in December for the financial year ending 2021, as the club's inability to raise significant transfer revenue meant they couldn't offset an ever-increasing wage bill.'
I SUSPECT that is why SL asked/ stated we need someone else to chip in. they could accept maybe £10m x 2 or 3 peeps and adjust the equity. i dont suppose SL would mind the value of his stock going down a bit!....................
they are buying shares in return for the money no different really than SL loaning money or converting his money by adjusting the equity. The loophole Derby fell Foul of was doing the accounting thing but fiddling the dates ...Bristol sport owns AG the teams are separate so that cant happen. Buying into to BCFC can?
If it was as simple as getting people to buy shares, they would all be doing it. Sometimes you don’t half speak bollocks.
sorry mr eight, not bollocks how many directors do we have? how many do other clubs/ you can apply to most clubs to buy shares but the bigger owners like Man u wont allow them they took control of all the shares back then .. ... probably out of your understanding how it works, but dont knock it!
