MFC accounts 2023/24

Soutra said:
That's an amazingly optimistic precis. MFC is still losing money, the rate of losses is increasing, the club is absolutely and entirely reliant on its parent company.

On the positive side, transfers out are mitigating the losses to some extent.

Rockliffe Hall is a separate company that loses money as well, so that's not a sweetener to help with the bitter pill.

When MFC changes hands Steve Gibson loses money either from writing off his debt or from owning 65 million shares in a company loses £10 million on revenues of £32 million.

There may be some some rich altruistic bloke out there who is prepared to take over the company. I really hope so for Steve Gibson's sake.
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That is overtly negative.
If he gets the club up - and can keep it up a couple of seasons, he can - and I believe will - sell the club and recoup a hell of a lot of what he has "invested".
I don't think he could do so at a price that would recoup all of his funding (never mind the opportunity cost of alternative use of his money) but the club as a PL club with little debt, positive shareholder book value, and big intangible value above book (squad value) could be sold for perhaps in excess of £250m.
It won't have been a good investment financially, but he could get a lot of his stake back. I hope he does.

Scott offsetting losses through profit on player sales and increasing squad value is absolutely key, as there are huge limits to what P&S will allow, and you can't keep revising your tangible asset values up to suit.
 
NorthumberlandBoro said:
Surprised to see that commercial income is bigger than both match day income and TV money.
That's seems impressive from the commercial department.
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Not quite bigger than broadcssting, but excellent nonetheless.

Cup competition revenue of £2.13 million is not happening this year.

I can't understand why Carrick just gives up cup competitions without a second thought. It's so pathetic. Not like the club doesn't need the revenue, and not like the paying fans don't deserve a committed performance.

If the club goes out at Chelsea or Arsenal or Liverpool then fair enough. But just throwing in the towel at home against Blackburn and Stoke is absolutely pathetic.
 
Soutra said:
Not quite bigger than broadcssting, but excellent nonetheless.

Cup competition revenue of £2.13 million is not happening this year.

I can't understand why Carrick just gives up cup competitions without a second thought. It's so pathetic. Not like the club doesn't need the revenue, and not like the paying fans don't deserve a committed performance.

If the club goes out at Chelsea or Arsenal or Liverpool then fair enough. But just throwing in the towel at home against Blackburn and Stoke is absolutely pathetic.
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Karanka managed to take the cups seriously while competing for promotion. And the revenue generated through some of those cup games allowed him to strengthen the team.
 
Soutra said:
Not quite bigger than broadcssting, but excellent nonetheless.

Cup competition revenue of £2.13 million is not happening this year.

I can't understand why Carrick just gives up cup competitions without a second thought. It's so pathetic. Not like the club doesn't need the revenue, and not like the paying fans don't deserve a committed performance.

If the club goes out at Chelsea or Arsenal or Liverpool then fair enough. But just throwing in the towel at home against Blackburn and Stoke is absolutely pathetic.
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I was reading a summary on twitter.
Must have included merchandising income.
No matter.
 
Paulh10 said:
It looks like we are in a healthy position.Certain player's with a high value.We look like an attractive buy for the future,debt free , decent stadium and crowds , good facilities and the hotel and golf course to add .A place in the premier league to cap it of would be nice.
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Decent stadium and good facilities?
We need seats replacing and the North Stand roof needs repairing cos it was leaking like a tap today
 
I think we are all aware of the contribution Gibson has made

Its just the rest of the clubs are owned now by people with far more wealth than Gibson

The money from the premier league has created unrealsitic expectations for just about every fan from every club in the country
 
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