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Over half of the 92 clubs in top 4 divisions have published 24/25 accounts. Only 4 are profitable.

Callumcafc
Callumcafc Posts: 66,049
in Other Football and Sports

https://x.com/swissramble/status/2037455110020685982

Comments

  • Callumcafc
    Callumcafc Posts: 66,049

  • fadgadget
    fadgadget Posts: 1,451
    Blimey , West Ham 100m , with a free football stadium .
  • sam3110
    sam3110 Posts: 22,868
    We are the worst of the League 1 teams published so far, shows how critical promotion was really, despite us being told the plan was promotion this season into the Championship 
  • Exiled_Addick
    Exiled_Addick Posts: 17,545
    fadgadget said:
    Blimey , West Ham 100m , with a free football stadium .
    It they're posting financials like that while operating in the swimming pool full of money that is the Premier League, relegation could be catastrophic for them.
  • sam3110
    sam3110 Posts: 22,868
    Exiled_Addick said:
    fadgadget said:
    Blimey , West Ham 100m , with a free football stadium .
    It they're posting financials like that while operating in the swimming pool full of money that is the Premier League, relegation could be catastrophic for them.
    Fingers crossed eh
  • msomerton
    msomerton Posts: 3,449
    Exiled_Addick said:
    fadgadget said:
    Blimey , West Ham 100m , with a free football stadium .
    It they're posting financials like that while operating in the swimming pool full of money that is the Premier League, relegation could be catastrophic for them.
    they will recover some of the money with sale of player contracts, and brining in lower valued EFL players.
    Though of course you have to have other clubs wanting your players.
  • KingKinsella
    KingKinsella Posts: 1,443
    How long can we defy gravity? Does this get added to national debt ? (do I mean deficit)
  • Bostonaddick
    Bostonaddick Posts: 964
    Football is just a horrible business model.  Lose a lot of money annually.  Maybe break even one year when you sell a good young player.  The only thing keeping the whole system afloat is that valuations upon sale have been going up but not enough to offset the accumulated annual losses.  If the number of wealthy narcissists interested in football as a five year loss making ego boost were to ever dry up,  the whole sport would collapse.
  • CharltonManor1966
    CharltonManor1966 Posts: 552
    I confess I just don't get why anyone invests in UK football clubs? Can't see the upside? Even in the Prem? God bless our owners!
  • AndyG
    AndyG Posts: 6,285
    CharltonManor1966 said:
    I confess I just don't get why anyone invests in UK football clubs? Can't see the upside? Even in the Prem? God bless our owners!
    Nor me mate which is why I was so confused in the dark days of Farnell etc I just couldn’t see the con. It wasn’t as if we had a few players worth a fortune 

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  • CaptainRobbo
    CaptainRobbo Posts: 1,859
    PWR
    So how much profit did Charlie Chino's make us then?
  • Bostonaddick
    Bostonaddick Posts: 964
    AndyG said:
    CharltonManor1966 said:
    I confess I just don't get why anyone invests in UK football clubs? Can't see the upside? Even in the Prem? God bless our owners!
    Nor me mate which is why I was so confused in the dark days of Farnell etc I just couldn’t see the con. It wasn’t as if we had a few players worth a fortune 
    For most owners it is about pure unbridled narcissism not profit. Either the rush of being the owner of a professional sports club or the narcicissm of believing they can be the exception to the rule and will make loads by making it to the premiere league. 

    The other group are the southall grifter types.  Buy a struggling club for almost nothing.  Don’t pay its financial obligations, con in a wealthy co owner, siphon out the cash. The reason it didn’t work for southall was he was too stupid to realize the wealthy co owner was skint.
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 37,102
    edited April 3
    CharltonManor1966 said:
    I confess I just don't get why anyone invests in UK football clubs? Can't see the upside? Even in the Prem? God bless our owners!
    For championship clubs it's kind of understandable as you're just one good season away from the promised land of the Premier league. But i'd love to know the method behind the madness at Gillingham and Port Vale losing 6m in league two. At best you'd have to say league one is the ceiling for both of those clubs so what's in that for the owners?

    Cardiff losing 35m to get relegated to league one is mind blowing.
    Wycombe losing 10m with average crowds of 5k in league one isn't much better. Even if they got promoted to the championship they're a tiny club who'd probably come straight back down.
  • msomerton
    msomerton Posts: 3,449
    Chris_from_Sidcup said:
    CharltonManor1966 said:
    I confess I just don't get why anyone invests in UK football clubs? Can't see the upside? Even in the Prem? God bless our owners!
    For championship clubs it's kind of understandable as you're just one good season away from the promised land of the Premier league. But i'd love to know the method behind the madness at Gillingham and Port Vale losing 6m in league two. At best you'd have to say league one is the ceiling for both of those clubs so what's in that for the owners?

    Cardiff losing 35m to get relegated to league one is mind blowing.
    Wycombe losing 10m with average crowds of 5k in league one isn't much better. Even if they got promoted to the championship they're a tiny club who'd probably come straight back down.
    get to the prem, and lose 235 million pounds.
  • EveshamAddick
    EveshamAddick Posts: 7,122
    So much for the Prem being the promised land - load of bollocks…

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