Bristol City's average loss per week over the past year.
https://www.bcfc.co.uk/news/city-announce-202021-accounts/They were trying the much lauded Brentford model weren't they?
Owner investment stands at £214M and creditors/debt at £110M.
They currently sit 18th in the Championship having won 7 of 23 games. Good value for their 1st team squad on an average £16K pw !!
Comments
Kieran Maguires comments on it.
Wages £212 for every £100 of revenue.
Bristol City have lost £412,000 a week every week for the last ten years from day to day trading.
However it'll be interesting to see how their figures over the past year compare to other championship sides in the period when games were BCD because of covid.
I really do wonder how some people think we could be in the Premiership within 5 years.
As you were.
Football is nuts and there are 200 massive losers to every winner
Leeds floated around mid-table in the championship for a few years, Radrizzani bought them for 45m in 2017, now he's looking to sell them to the family who own the San Francisco 49ers for over 400m.
You're right though, for every success story there's plenty of failures. Mel Morris at Derby, god knows how much Steve Gibson has ploughed into Middlesbrough, and then today we read that Bristol City's owner has put over 200m into them.
Are Leeds making money , a lunatic wants to buy them at that price but what’s their return gonna be ,surely it’s just ego up there
I’ve mentioned it a few times and I know many others have, but footballers are paid obscene money. I get those at the top of the game are the giants of the game in a global sport that commands billions in revenue and thus are paid top money, but I cannot get on board with a Championship footballer like the ones Bristol City employ, being able to get £16k a week to achieve the dizzying heights of 18th. The game is so far off kilter with wages that the viability of most clubs is kept alive through a foolish/generous benefactor
In Bristol City’s case the owners of Hargreaves Lansdown are the men behind the money as I understand it. They themselves built a great business. A great success story if anyone is familiar with them. I believe they’ve tried unite Bristol City and the Rugby team that play down there in some sort of Sport Bristol type model, regenerated the stadium etc. It’s commendable, but they’re both old gentlemen, and Bristol City look like one of about many clubs in the Championship that are spending obscene amounts of money to go nowhere fast.
Derby
Reading
Forest
Blackburn
QPR
Cardiff
granted, a couple of them have had a few seasons in the Prem, but I cannot get my head around how these clubs are run…..
Wind the clock back to the mid 90s. Teams like Grimsby & Bristol City coincidentally were in an around 18th in the 1st Division/Championship. Do you think they were spending 212% of their revenue on wages back then???
The best example I can think of to sum up how mental all this is is in the Premier League. Everton have to spend about £100m every season to get them to the relative safety and comfort of midtable that they achieved with a central midfield of John Ebbrell and Barry Horne in the mid 90s. A defensive midfielder from unknown foreign lands will cost you a good £40m these days. None of their names you’ll ever remember. They’ll stay at your club for a few seasons and suck up about £6m over the life of their contract, and then you won’t even get your money back in a transfer fee because they’ve got one year left and no one wants to pay the ridiculous fee the agent managed to get you to pay originally.
Every bubble I have seen in my lifetime has eventually burst and I think this one will too.
I do sometimes wonder if there are owners (hopefully Sandgaard is one) who are biding their time, getting their clubs' finances straight and sorting out the foundations, to step into the place of all these clubs in this huge bubble when it pops, and the liquid it is made from drops sadly down.
I believe this will happen when the same six clubs swap places year in year out in a boring, predictable Premier League promotion / relegation charade. These six teams will be set in stone by 2030 at the very latest imo.
Once prospective owners realise this clubs will be stuck with the same indebted owners. They will then have to trim down and accept lower League football. This is my definition of the bubble bursting. Well run clubs (like ours hopefully) will then be able to gradually ascend and replace them as The Championship elite.
Lansdown also owns the majority stake in Bristol RUFC, I wonder what their losses are ?
Hmmmn.
Really?
Is there some kind of objective scale of measurement?
Soon enough people making a living in the game will realise ‘value’ can go down as well as up.
Players might think they know their value, but those who value their club should be aware of their cost.
The idea that the premier league has been a success is a farce. It’s been a disaster. The ‘European Super League’ already exists in all but name and the handful of clubs that benefit from the money will continue to pull away. Even winning the league doesn’t guarantee membership to the elite group of European clubs. Charlton will never compete in the top half of the premier again as the gulf has grown too big. Even the gulf between L1 and the championship is looking increasingly unbridgeable. We’ve missed the break away. The elastic has snapped.
Unfortunately, cricket has gone the same way with the 100. Agents and bang average journeymen are rubbing their greasy palms together and salivating.