Sunlun rival losing 700,000 per month in lost revenue

r00fie1

Well-known member
https://www.sunderlandecho.com/spor...eveals-they-are-losing-ps700000-month-2932862
It puts the whole covid / football scenario in perspective.
League One promotion rivals Portsmouth have revealed they have been losing around £700,000 per month in lost revenue as a result of the coronavirus crisis.

Portsmouth CEO says upto 60% of their revenue comes through the gate.........
Mark Catlin:

“With a club like Portsmouth we’re a very large club with a large cost base to support such a big fan base.


“We’ve been operating with no gate receipts or revenue which make up to 50 to 60 per cent of our overall turnover in any normal season.
“It’s having a devastating effect where we are losing in the region of £700,000 per month in lost revenue. That’s just because of the losses in matchday revenue.”

That is frightening - replicated across the Championship,league one and two - clubs must be hanging on by their fingertips:oops:
 
I doubt they take that per month or anywhere near that
I dont think their Chief Executive Officer is making it up!
Portsmouth are a big club - they average between 16,000 - 18,000 each home game in the league.
Adults pay 26 pounds for a ticket - with concessions for youngsters and over 65`s.
With hospitality, shop sales and stadium services - its not beyond comprehension that 700K is an acurate figure.
In League one over a four week period you could lose that in just two home games.
Thats the reallity.
 
But they only lost around 4 home games?

Let me briefly simplify the scenario for you:

“We’ve been operating with no gate receipts or revenue which make up to 50 to 60 per cent of our overall turnover in any normal season.
“It’s having a devastating effect where we are losing in the region of £700,000 per month in lost revenue.
That’s just because of the losses in matchday revenue.”

That means that for every game they havent been able to play sinch March at home, they have lost 60% through the gate for each match.

In addition they have lost on hospitality, corporate income and sponsors.

They have outgoings and basic costs to continue paying before paying players wages.

The Chief Executive has a reasonable grasp of accounting and a contemporaneous assessment of outgoings and income:

If you do a rough estimate based on the ticket prices I obtained for you and the avarage gate - add that to hospitality, sales, sponsorship, advertising, etc 700K is realistic.

That income pays staff and players wages.

Players are on contracts which have to be honoured by law - its a contractual agreement.

In their league money is scarce.

They budget for the summer months when the ground makes very little income.

Groundstaff, administrators, the Management team, essential maintenance and players wages are still paid during that time.

The loss of home games accounts for a substantive amount for which the club has to budget and incures a loss of income.

Costs and wages still have to be paid.

If a team like Portsmouth defaults on payments it will end up in administration.

I dont know: but would suggest Portsmouth FC have contingencies in place even for an unusual time like the present.

The issue is how long they can sustain incuring debt at this level?

Perhaps if you want further details of Portsmouths accounts, you can research online and find out.

Let us know how you get on.


BTW: their was a figure quoted that it costs 100,000 just to open the Riverside on match day before the gates are even opened.

Bearing that in mind, looking at the big picture - it is realatively easy to understand the plight of many clubs financially, including our own.\
 
Thank God for Steve Gibson...

...and to think some clowns on here want rid !!!!!

Dont think many would want rid, but we are right to question him. If it wasnt for his loyalty and willingness to keep throwing money at the club, his decisions alone would have left us in the same position as Pompy, Bolton etc
 
Boro operate with a £250,000 a week loss and thats with a crowd.


and some one believes they have the right to 'QUESTION' the owner who picks up that financial loss, and takes not a dime out of the club for doing so...


money were mouth is please, otherwise your taking stooopidity to a new level.
 
If the current situation continues for very long into the new season then I fear for the future of lower league football in the short term never mind the long term.

I never buy shirts from the Club usually. I have just purchased the new away shirt as my tiny contribution to support the Club through these very difficult conditions.
 
Boro operate with a £250,000 a week loss and thats with a crowd.


and some one believes they have the right to 'QUESTION' the owner who picks up that financial loss, and takes not a dime out of the club for doing so...


money were mouth is please, otherwise your taking stooopidity to a new level.

so as fans we are wrong to question the club that has gone from the premier league to almost being relegated in 3 seasons just because Gibson puts money into the club?

it is possible to appreciate what Gibson does and still question his decisions
 
so as fans we are wrong to question the club that has gone from the premier league to almost being relegated in 3 seasons just because Gibson puts money into the club?

it is possible to appreciate what Gibson does and still question his decisions


Have you any recorded correspondence that you have had with Middlesbrough Football Club, or direct with Steve Gibson, where you have placed on record your observations, questions or concerns over his decision making? - or is it just remarks and comments on a t'internet message board?

i ask, because i fail to see how 'fans' (as you call them - short for Fanatics) can know or understand the given reasons for the decisions made by Middlesbrough Football Club or Steve Gibson if they havnt disclosed what those reasons are direct to you. then if you disagree with what has occurred, you make your counter claim as to what should be done , had you been making the decisions. otherwise your p!$$ing in a strong blustery wind on an opinion, and an opinion on a t'internet message board is not questioning Middlesbrough Football Club or Steve Gibson.

I'm all for you questioning Middlesbrough Football Club & Steve Gibson, let us know how you get on.
 
Have you any recorded correspondence that you have had with Middlesbrough Football Club, or direct with Steve Gibson, where you have placed on record your observations, questions or concerns over his decision making? - or is it just remarks and comments on a t'internet message board?

i ask, because i fail to see how 'fans' (as you call them - short for Fanatics) can know or understand the given reasons for the decisions made by Middlesbrough Football Club or Steve Gibson if they havnt disclosed what those reasons are direct to you. then if you disagree with what has occurred, you make your counter claim as to what should be done , had you been making the decisions. otherwise your p!$$ing in a strong blustery wind on an opinion, and an opinion on a t'internet message board is not questioning Middlesbrough Football Club or Steve Gibson.

I'm all for you questioning Middlesbrough Football Club & Steve Gibson, let us know how you get on.
Nail on head Wilf....
 
Nail on head Wilf....
Not nail on head at all, just a throbbing thumb.
Gibson will not engage with supporters, but just because he doesn't, does not make his decisions and actions are open to criticism.
There is not much anybody can do about it, but it doesn't make criticising him wrong; especially when even the strongest critics nearly always house their criticism in balanced gratitude.
 
Not nail on head at all, just a throbbing thumb.
Gibson will not engage with supporters, but just because he doesn't, does not make his decisions and actions are open to criticism.
There is not much anybody can do about it, but it doesn't make criticising him wrong; especially when even the strongest critics nearly always house their criticism in balanced gratitude.
You wanted Pulis out, for 'anyone' you were over the moon at the time !

Now you complain when things haven't worked out as you thought they would and blame Gibson for it.

You know nothing about the clubs finances, who we interviewed, who was available or what our financial situation was at the time yet you still blame Gibson....
Let's just say for example that Gibson had 3 candidates, Jokanovic, Houghton and Woodgate you spell out the situation re finances available, managers salary, contract length, and current squad. The first 2 candidates on my list then drop out when given that information.

What would you have done ????
 
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