It’s been mentioned before that we make a 8 million loss each year, (maybe why we haven’t spent a fee in the transfer window) I’d love to know how much is spent on player wages, signing on fees, agents and bonuses, and how do we reduce our losses, some big transfer sales I guess (guess what we’ll be doing in January).
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It's all here, in the public demain. I really don't understand why something that is a matter of public record is disputed and argued over so much.
Total costs about 16 million (of which about 9 million is staff costs). Income is about 8 million.
Loss is about 8 million.
So if everyone, including the players, worked for free we might break even.
Same for all clubs - players and agents.
Could you break them down then? As an expert.
Taking into account the movements for two takeovers during the period, the non cash movements like depreciation and amortisation etc.
Obviously accounts also through Covid so ticket income of £200K not representative of this year.
I see TS loan £10.5M and the club had +£3M in cash on balance sheet yet you state categorically in another thread that TS has put £20M in. Where is that other £9.5M - all since June '21? Seems a lot when we had £3M cash and we're tightening our belts.
Would love to get a bit more analysis as I am certainly no expert and these accounts are not simple and show a very unusual trading year.
It says that the depreciation and amortisation isn't included in the 16 million.
I am not an expert, but if you go to the 18/19 or 17/18 the operating loss is pretty similar. Apart from the TV/gate money for the play offs. Airman has actually posted a simplified graphic on a different thread today.
As per the other thread, the operating loss was £7.2m in 2013/14, and £7.8m in 2014/15. It all went a bit bonkers in 15/16.
otherwise we will be back to soon and wondering if we will have a club to support.
In 20/21 that figure included compensation for loss of ticket revenue, hence the unusual figure of £4.7m in L1.
The 2018/19 matchday revenue is inflated by play-off final income.
If it doesn't, surely the Operating loss will be more than £(8)M and if Turnover was £10M as we've been told, Central Income for 2022 must have remained at close to the outlier inflated 2021 figure?
https://www.examinerlive.co.uk/sport/football/news/sheffield-wednesday-agent-fees-23558847.amp
Eight highest League One spenders on agents' fees 2021/22:
https://www.90min.com/posts/agent-fees-fa-figures-paid-premier-league-efl-clubs-2021-22/amp
I was talking to a Sheff Wed fan the other day who reckons the current owner and his family businesses have ploughed over £200M into the Club. Haven't they done well! They seem to operate in a parallel universe finance wise.
There is a further complication as fees PAID are written down over the duration of a contract. So for example if Charlton signed Charlie Kirk on a three-year contract for £500,000, a third of that amount is written off the balance sheet each year rather than being shown as a full cost in one year. In effect, each year the annualised cost of acquiring players (including agent fees) is deducted from the club's assets until that value has expired. (This has nothing to do with their wages, which are included in the operating loss.)
Fees RECEIVED are booked in year and not over several years, the principle being that the value of the incoming asset is utilised over the period of the contract, whereas a player who is sold is gone. There are then adjustments made where players leave in contract.
Assuming there was no cost of acquiring Burstow, the entire fee payable should be included in the 2021/22 player trading, but only a third (or whatever) of Kirk's acquisition cost.
I'm sure that's clear as mud and I'm not an accountant, so I defer to those who are.
In short, compensation yes, transfer fees no, in the operating loss. The compensation for Adkins/Jackson will likely appear as an "exceptional item" but I wouldn't expect it to go far beyond £500k in total.
Interesting question as to whether the compensation for Garner/Marshall will be treated like a transfer fee and whether their contracts are deemed to be assets in the same way as the players. My guess is not. But I don't think we're talking significant money in transfer terms anyway.
A good player on bad wages - asks for more or leaves.