Bristol Rob Posted October 29, 2019 Report Share Posted October 29, 2019 Link to comment Share on other sites More sharing options...
Monkeh Posted October 29, 2019 Report Share Posted October 29, 2019 is that the first profit in like 30 years? Link to comment Share on other sites More sharing options...
Super Posted October 29, 2019 Report Share Posted October 29, 2019 Drinks are on Steve. Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 29, 2019 Author Report Share Posted October 29, 2019 2 minutes ago, Monkeh said: is that the first profit in like 30 years? It's the best part of half a million per 'gap' year.... or one and a half Tilson's. Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2019 Report Share Posted October 29, 2019 2 minutes ago, Monkeh said: is that the first profit in like 30 years? Think we made a profit around 1999/2000 season iirc Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 Excellent!! Think the Kelly sale fell into the 2018/19 season too- if it was before May 31st 2019, it definitely should've. Link to comment Share on other sites More sharing options...
WolfOfWestStreet Posted October 29, 2019 Report Share Posted October 29, 2019 Have i read this correctly. Unless we sell 25 million pounds worth of players we don't break even? Link to comment Share on other sites More sharing options...
nebristolred Posted October 29, 2019 Report Share Posted October 29, 2019 2 minutes ago, WolfOfWestStreet said: Have i read this correctly. Unless we sell 25 million pounds worth of players we don't break even? Probably worth bearing in mind we might have spent more because of those sales. So that's a bit disingenuous, but yeah we're probably struggle to make a profit otherwise. Link to comment Share on other sites More sharing options...
pride of the west Posted October 29, 2019 Report Share Posted October 29, 2019 I'm not an accountant and I'm sure there's ways around it but won't we have to pay tax on any profit? Link to comment Share on other sites More sharing options...
downendcity Posted October 29, 2019 Report Share Posted October 29, 2019 There you go Derby ( Villa and Wednesday) - that's the way to do it! Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 6 minutes ago, WolfOfWestStreet said: Have i read this correctly. Unless we sell 25 million pounds worth of players we don't break even? Depends on the finer detail- the operating loss in 2017/18 was £17-18m, so certainly it could be in a ballpark of £15-25m. Definitely reliant on sales for profit though, while we're at this level. One other interesting note- Bristol City Holdings are the ones it links to on the website- which makes sense, but I was wondering for a while whether it was Bristol City FC or Bristol City FC Holdings Limited. Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 29, 2019 Author Report Share Posted October 29, 2019 Guess Webster will be in the next set of accounts, along with any revenue that came to the club (rather than Bristol Sport) from the summer concerts. Link to comment Share on other sites More sharing options...
RedRock Posted October 29, 2019 Report Share Posted October 29, 2019 Bugger. Already sold my shares back to Steve. Bang goes the fortnight in the Maldives! Hey ho. Maybe get a free pasty. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 Here they are on the site. https://www.bcfc.co.uk/media/43303/bristol-city-holdings-accounts-2018-19.pdf The operating loss before player trading or before profit on it, season just gone was £25,809,929! Despite Turnover rising to £30,250,718. Our Profit on Player Trading was a brilliant- a brilliant- £38,159,454!! One more interesting note- our commercial income was £14,499,700- out of a turnover of £30,250,718- a really excellent, fairly remarkable?- 47.93% of turnover. Would assume it included the concerts pre June 2019 and the World Cup Fan Village. Link to comment Share on other sites More sharing options...
Carey 6 Posted October 29, 2019 Report Share Posted October 29, 2019 Any bearing on what we can/can’t spend in January? Link to comment Share on other sites More sharing options...
ExiledAjax Posted October 29, 2019 Report Share Posted October 29, 2019 8 minutes ago, Mr Popodopolous said: One more interesting note- our commercial income was £14,499,700- out of a turnover of £30,250,718- a really excellent, fairly remarkable?- 47.93% of turnover. Would assume it included the concerts pre June 2019 and the World Cup Fan Village. Well over 1 million pounds per month in commercial revenue is incredible. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 Just now, ExiledAjax said: Well over 1 million pounds per month in commercial revenue is incredible. It really is- must bump us up towards the higher end of the Championship in this respect. There's little to compare it to for last season, the closest is 2017/18- but in it's own right it is brilliant, end of. Link to comment Share on other sites More sharing options...
And Its Smith Posted October 29, 2019 Report Share Posted October 29, 2019 When fans say ‘let’s spend £12m on Bowen’ perhaps they should consider we lose £18m per year unless we sell players Link to comment Share on other sites More sharing options...
Natchfever Posted October 29, 2019 Report Share Posted October 29, 2019 12 minutes ago, Mr Popodopolous said: Here they are on the site. https://www.bcfc.co.uk/media/43303/bristol-city-holdings-accounts-2018-19.pdf The operating loss before player trading or before profit on it, season just gone was £25,809,929! Despite Turnover rising to £30,250,718. Our Profit on Player Trading was a brilliant- a brilliant- £38,159,454!! One more interesting note- our commercial income was £14,499,700- out of a turnover of £30,250,718- a really excellent, fairly remarkable?- 47.93% of turnover. Would assume it included the concerts pre June 2019 and the World Cup Fan Village. So if we maintain the status quo in terms of league position and don't sell anyone else for big bucks are we likely to show a £25m loss the season after next (post Kelly/Webster) ? Link to comment Share on other sites More sharing options...
ExiledAjax Posted October 29, 2019 Report Share Posted October 29, 2019 2 minutes ago, Mr Popodopolous said: It really is- must bump us up towards the higher end of the Championship in this respect. There's little to compare it to for last season, the closest is 2017/18- but in it's own right it is brilliant, end of. It must be an area where we can have an edge over clubs like, for example Brentford, Fulham, Blackburn. We've basically got the premier corporate and summer concert facility in Bristol, the country's 8th (IIRC) largest city. I can't remember the clubs I've mentioned being able to put on the concerts or World Cup stuff that Ashton Gate did last season. Credit to the stadium team for really pushing this side forward. Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 29, 2019 Author Report Share Posted October 29, 2019 Did I read that correctly, that 71mil of debt has been converted to shares? Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 6 minutes ago, Loon plage said: So if we maintain the status quo in terms of league position and don't sell anyone else for big bucks are we likely to show a £25m loss the season after next (post Kelly/Webster) ? Depends on how the wage bill and amortisation bill have shifted- let's not forget too that the World Cup Village surely bumps up Revenue in a way we won't necessarily see repeated. Kelly would've been accounted for in 2018/19 I believe- Webster yep, this year. We seem to account on the headline at least for Player Transfers in a way that has Operating Loss excluding Player Trading, then Profit on disposal etc etc, what we spent- Operating Loss taking all that out was about £18m, so it could be fair with rising wages to say £20-25m range of loss if no big bucks sales? Unless we're completely stupid though- and SL is far from that, one thing for sure- FFP shouldn't be an issue for some time to come. Link to comment Share on other sites More sharing options...
Bazooka Joe Posted October 29, 2019 Report Share Posted October 29, 2019 The prophet predicted we'd make a profit. Credit where credit's due. Link to comment Share on other sites More sharing options...
ExiledAjax Posted October 29, 2019 Report Share Posted October 29, 2019 30 minutes ago, Mr Popodopolous said: Excellent!! Think the Kelly sale fell into the 2018/19 season too- if it was before May 31st 2019, it definitely should've. Kelly sale is referenced in the Strategic Report so I assume from that that it's included. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 33 minutes ago, downendcity said: There you go Derby ( Villa and Wednesday) - that's the way to do it! An absolute credit to the club- this is indeed how to do it! Link to comment Share on other sites More sharing options...
Red Army 75 Posted October 29, 2019 Report Share Posted October 29, 2019 Let’s hope the money stays in The football club. And it’s not distributed amongst Bristol sport. Only 1 team is important in my eyes Link to comment Share on other sites More sharing options...
pongo88 Posted October 29, 2019 Report Share Posted October 29, 2019 40 minutes ago, WolfOfWestStreet said: Have i read this correctly. Unless we sell 25 million pounds worth of players we don't break even? Next season, when in the Premier League, income will be far greater so there will be no need to sell players Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 One thing I did note when reading further down. Bristol City Women or Bristol Women- or whatever they are called, the Women's team anyway?-. Quote 12 Intangible Assets Impairment Goodwill From the 1 June 2018, Bristol City Holdings group obtained operational control of Bristol Academy Women's Football Club Limited (a company limited by guarantee). Goodwill arose at the date of acquisition in respect of brought forward reserves. Bristol Academy Women's Football Club Limited transferred its trade and assets to a fellow subsidiary during the year. The transferred trade in respect of the women's football team is loss making and therefore the goodwill has been fully impaired. The amount of impairment loss included in profit or loss is £38,065 (2018 - £NIL). The impairment loss is included in other expenses. Means that we can subtract that, whatever the proportion is from losses moving forward for FFP purposes basically. This year it seemed to have been £38,065. Link to comment Share on other sites More sharing options...
Natchfever Posted October 29, 2019 Report Share Posted October 29, 2019 25 minutes ago, Mr Popodopolous said: Depends on how the wage bill and amortisation bill have shifted- let's not forget too that the World Cup Village surely bumps up Revenue in a way we won't necessarily see repeated. Kelly would've been accounted for in 2018/19 I believe- Webster yep, this year. We seem to account on the headline at least for Player Transfers in a way that has Operating Loss excluding Player Trading, then Profit on disposal etc etc, what we spent- Operating Loss taking all that out was about £18m, so it could be fair with rising wages to say £20-25m range of loss if no big bucks sales? Unless we're completely stupid though- and SL is far from that, one thing for sure- FFP shouldn't be an issue for some time to come. Thanks Mr P As you say SL ain't stupid but I wonder what his internal clock might be for so called "sustainability" to arrive ? Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted October 29, 2019 Report Share Posted October 29, 2019 5 minutes ago, Loon plage said: Thanks Mr P As you say SL ain't stupid but I wonder what his internal clock might be for so called "sustainability" to arrive ? My personal view on that subject that in the Championship...ain't happening. PL, yes. Upper end League One, lower end Championship yoyo, maybe- but then why pour in all that cash to the ground and infrastructure if otherwise. With all respect to Crewe who had a top academy, played some great football and the like. Simply upper end League One, with a great academy and Cup runs- think a big version of how oh I don't know, Crewe used to be- that'd be quite possible, but who wants that with our fan base etc? Championship, especially over a period of time? Not without significant changes structurally ie wage % limits, a new huge TV deal, % of salary increase per year etc- other than that, I don't see how apart from the odd year it's possible- but to break even let alone turn profit exclusive of player trading, parachute payments or shall we say interesting transactions that a few clubs have done? Nope. SL- who knows? So long as he's enjoying himself and let us hope that him, JL etc will be for some time, think he may well wait a while yet- hope so anyway! Link to comment Share on other sites More sharing options...
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