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Increased losses at Birmingham City

Kieran Maguire of the Price of Football has reported that Birmingham City Holdings in Hong Kong has published financial results for year to 30 June 2018. The UK numbers will differ as they are dependent upon the exchange rate used, and also the parent company owns a couple of other minor businesses.

Income was up 14% overall with double digit increases for matchday (11%) broadcast (12%) and commercial (17%). This gives a total of £19.9 million which compares to average of £29.8 million in 2017.

Costs rose significantly, most noticeable in relation to wages up 81% to £40.7 million. Birmingham paid out £202 in wages for every £100 of income in 2017/18. The wage bill in the Championship averaged £29.8 million in 2017.

Birmingham losses rose 168% to £43.6 million which explains why they were being closely monitored by the EFL for financial fair play purposes, which limit losses to £39m over three years.

The Blues spent £15.6 million on new players in 2017/18, a 34% increase on the previous season. Net spend was £13.5 million.

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  1. Bexhill-Blue4 October 2018 at 10:05

    How have this crew helped anyone? Has any club welcomed their interference? The 72 should call an EGM and close them down. Football owners are responsible for the clubs. The FFP just attack the fans. Go and go now

    ReplyDelete

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