Argyleloyal
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- Apr 25, 2016
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20/21 financial statements submitted
- Thread starter Argyleloyal
- Start date
We seem to be sitting on £6.5m in cash. Cant be many clubs at our level with a cash mountain like that...
suggests there may be a pot for reinforcements at Christmas if needed
suggests there may be a pot for reinforcements at Christmas if needed
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Remember that is only a moment in time. Wages will have made a decent hole in that before the new season kicked off, as will the laying of a new pitch.
We are a extremely well run club - doubt there are many football league clubs with a healthy cash reserve the size of ours
Our custodians are certainly looking after our beloved club in exemplary fashion
💚
Our custodians are certainly looking after our beloved club in exemplary fashion
💚
True but presumably we will also have had other revenues coming in since then too. In any event, the picture looks pretty good.
Some of the 6.5 million pot could already have been used, more will be used possibly sorting out the upper Mayflower, the floodlights, new seats in the horsehoe, upgrading the academy, maybe purchasing land for the all in one training and academy set up etc etc?
Nevertheless it is a healthy set of accounts and one many other clubs would love to have, and just how transparent are they?
Nevertheless it is a healthy set of accounts and one many other clubs would love to have, and just how transparent are they?
I'd love us to buy big, but that's me a fan. As others have said prudence will be shown, and there's more to our football club than reaching for the sky.
Yeah I have to say, I didn't realise we were THAT much in the black. Really incredibly impressive, reassuring and exciting in equal measure.
If you exclude the one off income of £3.6m from the insurance payout and the PL grant the Club would have made a very substantial loss.
It would seems that we are a way off being financially sustainable.
Tremendous to have made a profit but we’d have been looking at huge losses without the payment from the premier league and the insurance payout. David Ray says on the website that very few clubs were able to make similar successful claims, so whoever arranged our policy deserves a pat on the back to say the least.
The other thing that caught my (non professional) eye reading the accounts is that income from ticket sales was ‘only’ down by about 2/3s even though we barely admitted any paying spectators. It shows how critical season ticket sales are to the club, and also makes me think that the extra income we’d have got in a ‘normal’ year wouldnt have been enough to offset the loss of the one-off payouts booked from the PL & the insurance policy.
So I would guess that we are still short of our aim of financial stability but these figures seem very good given the pandemic, and surely much healthier than most comparable clubs
The other thing that caught my (non professional) eye reading the accounts is that income from ticket sales was ‘only’ down by about 2/3s even though we barely admitted any paying spectators. It shows how critical season ticket sales are to the club, and also makes me think that the extra income we’d have got in a ‘normal’ year wouldnt have been enough to offset the loss of the one-off payouts booked from the PL & the insurance policy.
So I would guess that we are still short of our aim of financial stability but these figures seem very good given the pandemic, and surely much healthier than most comparable clubs
That seems to be a wilfully pessimistic perspective!
I imagine our turnover (from match day sales, corporate etc etc) would have been substantially higher had Covid not got in the way - thank goodness Simon Hallett and the board had the foresight to take out insurance. We are lucky to have such financial transparency from our club, I doubt if we would see the same information from others.
