Skip to main content

National League stay cost Tranmere nearly £2.5m.

Tranmere Rovers lost £45,000 a week in the National League before being promoted via the playoffs last season. Income was down as parachute payments from EFL reduced. In the three year period the club was in the National League the total net loss of revenue from central funding was £2.45m.

The strategic report notes, 'Promotion back to the EFL sees the restoration of central funding and it was anticipated that this, together with the continued development of off field businesses, would get the club into a break even position whilst maintaining a competitive playing budget in League 2.' The latter seems to have been achieved as the club is challenging for promotion.

Turnover was down from £5.3m to £4.6m. Commercial income accounted for 62 per cent of the total.

The club has been highly innovative ín the international market. The international desk has delivered six week camps in Inner Mongolia with 6,000 children being coached, along with coach education for 600 coaches. 133 Chinese coaches have completed the FA Foundation Coaching Award. The international desk has also produced 40,000 football textbooks to be taught to an estimated 350,000 students in Inner Mongolia.

Based on the successful delivery in China the club has established strong links with Indonesia as well as exploring other markets such as the US, India and Australia. The USA had been especially receptive and it is hoped that courses will be running by 2020. The club also has plans to develop a football tourism business.

Tranmere were solvent due to owners lending money and buying fresh shares in the club in 2017/18. Further equity investment is being sought and talks are ongoing.

The club signed players for £40,000 in 17/18.

Tranmere loans increased to just under £2m at 30 June 2018.

The club is to be commended for working closely with the Official Supporters Club and the Supporters' Trust. The season saw the successful launch of Cowshed Catering in conjunction with the Supporters' Trust who provided assistance with set up costs and their knowledge and expertise in catering.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...
Post a Comment
Read more

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

A poor financial record, but new hope at Everton

I recently saw an amusing video online in which a group of Everton fans were rebuked in jest for being hopeful.  Football fans in general tend to swing between excessive optimism and excessive pessimism, but for many it seems that moaning is in their bloodstream (Spurs fans probably take the trophy).  However, Everton fans have had plenty to moan about on and off the pitch.   Let’s hope that a new era is about to begin for this grand old club. Everton’s 2023/24 financial results covered a fairly momentous season, when they ended up 15th in the Premier League, though they would finished three places higher if they had not received an 8-point deduction for breaching the Premier League’s Profitability and Sustainability Regulations (PSR). It was a worrying time for Everton fans, as the club faced a “perfect storm” of issues, including large financial losses, an ever increasing debt burden, a challenging stadium build and the tortuous sale of the club. There were eve...
Post a Comment
Read more