Club's Accounts ending June 2023

[iscalad]

Somehow I've managed to miss our relegation !

Been asleep? Age catching up with you? Fake news?

 

[Colesman Ballz]

The transfer income for 2022/23 will include the fee agreed with Peterborough for Archie. We would certainly have made a loss for the year without that income. Accepted that is somewhat speculative but the consensus seems to be that we received in excess of £500k for Archie. Would also include the fees for Alfie Pond, Tim Dieng and Josh Coley plus add-ons from Ollie Watkins.

Archie Collins fee will have been received (in part) during 23/24 with the remainder being paid over subsequent years.

 

[spodman]

Archie Collins fee will have been received (in part) during 23/24 with the remainder being paid over subsequent years.

The announcement of his signing for Posh was 28th June. I believe under accounting rules, the agreed transfer fee would be recognised in full as income for that financial year. The payments due in instalments outstanding would then be included in the balance sheet as a trade receivable. It would also have an effect on our cash flow.

 

[Hants_red]

Kieran Maguire is impressed!

https://twitter.com/i/web/status/1774441435678314768

 

[fred binneys head]

Anyone know what this was for and how this works?!

I don’t, but the fact that it’s been categorised as a fixed asset investment and not a debtor means the club are not expecting it to be repaid for a long time.

 

[edwin_price]

We would need at least one sale at £988k just to cover admiral muskwes 19k a week's wages

 

[Red & White]

Be interesting to know more about this as you raise a good comparison

I wonder if they’re still paying back their new stadium? Was that all covered with the Gay Meadow sale?

The top level figures are a stark contrast considering the similar sized gates, it can’t all be down to our transfer windfalls

Whereas we made a circa £62k profit from general trading, the Shrews returned a loss of nearly £1.2m. (https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/kG8znvwCcKq_Xy3K37d5EUnehSzWwAbAFCEbVtMrVjU/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3GGLLJ4RZ/20240331/eu-west-2/s3/aws4_request&X-Amz-Date=20240331T192222Z&X-Amz-Expires=60&X-Amz-Security-Token=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&X-Amz-SignedHeaders=host&response-content-disposition=inline;filename="00315587_aa_2024-03-28.pdf"&X-Amz-Signature=089f129d90dbaef966b57e28724ccca488db4eab06ba88cb4174d89679f84a02)

Their wage costs are £5.7m on a turnover of £6.2m, City have this under control at £4.9m of salaries compared with £5.8m in turnover. The other big difference is City have transfer fee income whereas the Shrews don't. We are sustainable and it shows that you don't need to chuck wages at players to remain competitive in the league.

 

[sidney]

If you mean the path between the BB and the NOG then we can’t do anything there, it’s not ours. If you mean the tiny triangle just off the pitch, waste of money. You won’t get a few hundred in there, I reckon you’d be lucky to get a hundred at best, so maybe increase takings by £2k per game at best. For the cost to develop it, it’s hardly worth it. Plus we rarely sell out - maybe three or four times a year and probably less than a dozen times over the last decade so that 100 or so could be comfortably accommodated elsewhere.

i might suggest we see if attendances hold up for the next season or so before committing to capacity increases - unless we’re regularly hitting 7.5k or more it’s just not worth it.

I'm sure you are right about the economics. My thinking was also that a redesign of the Jungle 'triangle' would improve the general appearance of that corner of the ground. It all looks shabby and derelict.

 

[Mid Devon Grecian]

I don’t, but the fact that it’s been categorised as a fixed asset investment and not a debtor means the club are not expecting it to be repaid for a long time.

As OTR own the building and we are being given ownership when the lease comes to an end I’d hazard a guess we’ve had some work done to the fabric of the building, possibly in anticipation of owning it in the near future and then writing off the loan?

 

[Devon Red]

We would need at least one sale at £988k just to cover admiral muskwes 19k a week's wages

'How do you know that's what he earns? There is no way he's on anywhere near that'