BobBobSuperBob Posted December 23, 2017 Report Share Posted December 23, 2017 Came across this and found it a very simple explanation of some of our financial figures for last year Thought a few may find it similarly helpful with some basic figures & of interest _______________________________ Pre-tax losses have reduced at Bristol City thanks to an £8m profit on player trading following the sale of Jonathan Kodjia and the completion of upgrade work on Ashton Gate stadium. The Robins finished the 2016/17 season in 17th in the EFL Championship. They currently sit in third position after 22 games of the 2017/18 season. Recently filed accounts for Bristol City Holdings Ltd show the club recorded a pre-tax loss of £6.57m for the year ending 31 May 2017, compared to £14.9m the year before. However, excluding player trading, losses increased to £13.4m from £12.5m. City made an £8.5m profit on player trading during the season, compared to a £1.9m loss in 2015/16. In August 2016 the club sold striker Jonathan Kodjia to Aston Villa for £11m. Overall turnover grew to £21.2m from £14.2m the year before. During the season, work was completed work on the upgrade of Ashton Gate. As a result, Matchday revenue grew to £4.9m from £3m with season ticket sales up to £2.9m from £2.7m. Other commercial and retail income rose to £8.5m from £4.4m. The club said it had created more than 500 jobs through the ongoing operation of the stadium over the past two financial years. In their report accompanying the results, the director said: "During this period there has been a necessary but heavy reliance on loan player recruitment and in addition we have begun to see inflated player salary costs as a result of continuing parachute payments to clubs relegated from the Premier League. Increased club spending on players by new overseas owners has also fuelled higher player costs across the Championship. "In October 2016, we finally took practical completion for the new West Stand. This brought the stadium rebuild to a conclusion although there remained further fit out work to complete in some areas. The new facilities this stand brought on stream have been a tremendous success. "A major objective of building this new facility was to assist the clubs who play in it work towards financial sustainability. In that regard we have made an excellent start." https://www.insidermedia.com/insider/southwest/city-losses-reduce-following-kodjia-transfer Link to comment Share on other sites More sharing options...
BCFC Rich Posted December 23, 2017 Report Share Posted December 23, 2017 This is a great find. Nice and clear too. Seems to show things moving in the right direction and puts our transfer business into proper perspective. To have the squad we have and have made a £8.5m profit is outstanding. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted December 23, 2017 Report Share Posted December 23, 2017 This is a good read, thanks for that. One thing unclear- another earlier in week said £3m losses? Nonetheless, as well as moving in right direction absolutely, we are still well within FFP. It would need losses of £17.5m or so for this season to put us at risk there! Link to comment Share on other sites More sharing options...
View from the Dolman Posted December 23, 2017 Report Share Posted December 23, 2017 4 hours ago, Mr Popodopolous said: This is a good read, thanks for that. One thing unclear- another earlier in week said £3m losses? Nonetheless, as well as moving in right direction absolutely, we are still well within FFP. It would need losses of £17.5m or so for this season to put us at risk there! The £3m losses were for Bristol City Football Club Ltd. The larger loss reported above is for Bristol City Holdings Ltd (the group which covers both Bristol City Football Club Ltd and Ashton Gate Ltd). Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted December 23, 2017 Author Report Share Posted December 23, 2017 43 minutes ago, View from the Dolman said: The £3m losses were for Bristol City Football Club Ltd. The larger loss reported above is for Bristol City Holdings Ltd (the group which covers both Bristol City Football Club Ltd and Ashton Gate Ltd). So am I right to think that for FFP purposes we 'only' lost £3m last season ? (arnt we allowed to lose something like £13m over 3 seasons ?) Link to comment Share on other sites More sharing options...
View from the Dolman Posted December 23, 2017 Report Share Posted December 23, 2017 36 minutes ago, BobBobSuperBob said: So am I right to think that for FFP purposes we 'only' lost £3m last season ? I think that's correct (though the FFP loss could be a touch lower because it excludes some expenditure such as investment in youth). Bristol City Football Club Ltd is the company that is a member of the EFL (as per the EFL's confirmation statement at Companies House) 36 minutes ago, BobBobSuperBob said: (arnt we allowed to lose something like £13m over 3 seasons ?) I believe it's up to £13m per season (which includes up to £8m per season of equity investment). The formal details are on the EFL site: https://www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/ ...and are slightly more readable here: http://www.financialfairplay.co.uk/financial-fair-play-explained.php (though this refers to last season, I don't think there any changes this season) Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted December 23, 2017 Report Share Posted December 23, 2017 1 hour ago, BobBobSuperBob said: So am I right to think that for FFP purposes we 'only' lost £3m last season ? (arnt we allowed to lose something like £13m over 3 seasons ?) From memory it's £39m over 3 years for allowable losses- so £13m per season- subject to the £8m of equity per season max. So as @View from the Dolman said basically! Link to comment Share on other sites More sharing options...
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