Skip to main content

Millwall reliant on ticket sales

Getting promoted from the Championship to the Premier League is invariably expensive, but clubs can also spend money to get out of League One. This is evident from the accounts of Millwall FC to June 2017.

Losses from operations were down from £5.5m the previous year to £4m, although still means that the club is losing £100,000 per week. Revenue year for the year at £10m represented an increase of 20 per cent.

Matchday income was up by 19 per cent assisted by a successful FA Cup run. This run also generated an increase of £0.8m in TV income and other central allocations from the Football League.

The promotion bonus paid to players and increased administrative staff pushed up overall salary costs from £8m to £9.4m. This meant that £94 was spent on wages for every £100 of income. Over the last five years Millwall has spent 111 per cent of income on wages, more than twice the level recommended by Deloitte.

Attendances averaged 9,475. Since promotion to the Championship they have increased to 12,903, up 49 per cent. This is important as a significant proportion of income is derived from ticket sales. Matchday revenue accounts for 51 per cent of income. Central league payments account for another 28 per cent. Commercial revenue brings in 21 per cent.

Since the end of last season investors have put an additional £2.7m into the club. Moreover, it would appear that the owner has invested an extra £4.4m in the club in the last couple of weeks.

Kieran Maguire who says he 'likes Millwall' takes a detailed look at the club's finances at his PriceofFootball site: Our house

Labels:

Comments

  1. FINANCIAL WOMAN 4 May 2018 at 10:46

    HELLO,

    God bless you sir, I will not stop telling the world about your kindness in my life, Am Mrs Cynthia corvin . Am a lady with a great testimony I live in USA and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave happiness to me and my family, i was in need of a loan of $360,000.00 to start my life all over as i am a mother with 2 kids I met this honest and GOD fearing man loan lender that help me with a loan of $360,000.0.Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs cynthia corvin, that refer you to him. contact Mr.Zak,via email:- feroozsuptoo@outlook.com

    ReplyDelete

Post a Comment

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...
1 comment
Read more

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day ...
Post a Comment
Read more

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...
Post a Comment
Read more