Boro’s income down 65%

To be expected I guess. I think FFP rules will (have) be relaxed somewhat for the period of the pandemic for those clubs who have operated as best they can towards the spirit of the rules ie those not continuing to wantonly spend during the pandemic or attempting to circumvent the rules.
 
Given we are a well run club I think there will be a lot grimmer reading across the division, hardly surprising given the lack of fans, hopefully we can bounce back next season in more ways than one.
 
Obviously part of that will be the pandemic, but surely the majority of that loss is down to the end of parachute payments?

The pandemic hit with only 9 games of the season left, and only 4 home games to go.

Those finances only run till June 2020, the majority of the pandemic impact is after that.
 
And some say Gibson does not invest in the club enough! he is the one backing the club and keeping it going and i hope he continues to do so. There has never been any mention of any consortium or genuine takeover - investment into the club.
Many years ago it was said easiest way to make a millionaire poorer is have them buy a football club.
Crazy as it seems to me with £100m+ minimum payment a year in the premiership there are clubs there losing money.

Should we manage the impossible of getting back into the prem this year, i wouldhope Gibson would allow Warnock around £40m to obtain 3 decent players (minimum) we need, proven premiership performers with staying up the aim. but give it a proper go in trying to win games not just avoid defeat.. The rest used to secure the clubs finances then hopefully a second year a few more players and try to get established.
 
B-Man said:
It’s only to June 2020, there were fans in the ground for about 75% of the year.
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But Boro only played two matches between March 1 and June 30, and one of those was away. I don't know, but I'd guess that there was virtually no revenue at all in the last quarter of the accounting year.

I don't know how the FFP regs will change to reflect the Covid situation. Maybe they'll move the counting period from three years to four, to ease the problems a bit.
 
FatCat said:
Given we are a well run club I think there will be a lot grimmer reading across the division, hardly surprising given the lack of fans, hopefully we can bounce back next season in more ways than one.
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On listening to the price of football (an episode from June last year if I remember correctly) a question was put the them about the best and worse ran clubs. They pick us out as one of the worse, we had large wage bill, expensive players and not doing to well in the league. They said over the past x number of years on average we had something like £300k a month. (I think it was.. the number was big)
 
The_Big_Woodowski said:
On listening to the price of football (an episode from June last year if I remember correctly) a question was put the them about the best and worse ran clubs. They pick us out as one of the worse, we had large wage bill, expensive players and not doing to well in the league. They said over the past x number of years on average we had something like £300k a month. (I think it was.. the number was big)
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Oh I didn’t know that. I shall stand corrected on all aspects of my earlier post

:)
 
The_Big_Woodowski said:
On listening to the price of football (an episode from June last year if I remember correctly) a question was put the them about the best and worse ran clubs. They pick us out as one of the worse, we had large wage bill, expensive players and not doing to well in the league. They said over the past x number of years on average we had something like £300k a month. (I think it was.. the number was big)
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Boro are an easy target for someone just gazing at the accounts, especially in the last few years. There have been losses pretty much every season for decades, but there has also been a lot of ambition to sign good players. Some of those players have not worked out but that issue isn't to do with the running of the club. Given the way that some clubs have lurched from one crisis to another, or the Prem League to administration, it's not right to say Boro are anything other than well run. There's never any drama about players not being paid, bills not being paid or selling assets like the ground to raise cash. The main problem facing Boro is that a lot of realistic targets just don't want to play in the North East, and to get them, Boro have to pay high wages.
 
FatCat said:
Given we are a well run club I think there will be a lot grimmer reading across the division, hardly surprising given the lack of fans, hopefully we can bounce back next season in more ways than one.
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We are anything but a well run club
 
Broadcast payments down from £40m to £8m, that’s the end of parachute payments right?

So instant £32m loss before a ball is kicked. Nothing too much to worry about in that case (unless you’re Steve Gibson’s accountant)
 
Broadcast is the massive difference isn't it. Parachute payments ending as said above and shows the incredible disparity between Premier and EFL rates and it is no wonder that Gibson and other Championship bosses pressed for the CEO of the EFL to be sacked after his latest deal with SKY. Where red button was handed to SKY for next to nothing.
Mike Kelly, an experienced accountant, runs his eyes over the books of clubs for fmttm and is extremely impressed by the way Middlesbrough have cut their cloth over the last couple of years. He has gone over this in detail in the fanzine.
 
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One cost that should drop in 2021 will be the cost of player amortization. This was £27m in 2019 and dropped to £18m in 2020.

The balance of player fees that are left to write off at June 2020 were only £17m, so I would expect that the charge in 2021 will drop again.
 
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