Skip to main content

MK Dons total losses are £14m

Kieran Maguire of the Price of Football reports on the latest financial results from MK Dons. The effects of relegation from League One to League Two are very evident: 'Revenue down 25% in 2018/19 following relegation to League Two. Losses of £4 million as expenses of running club twice the sum of income. Large tax credit of £2.4 million reduced losses overall.'

All revenue streams at MK Dons significantly down apart from car park fees. For those who haven't been there, you go through a succession of roundabouts (Milton Keynes may have more than Bracknell) and then the stadium looms up. I must admit I parked in a nearby street, but possibly that has been stopped.

MK Dons wage bill down 17% but club still paying £107 in wages for every £100 of income. This is regarded as unhealthy, but is not unusual in the EFL.

MK Dons owe £11 million to Stadium MK, the holding company controlled by owner Pete Winkleman. The club's total losses are now £14m. Clearly a benefactor club, which is often needed to survive in the lower reaches of the Football League, but what happens should the benefactor no longer be there?

Kieran Maguire has provided the following summary for the last decade: 'Income £60.5m, wages £50.8m (84% of income) and operating losses £26.9 million (that's £52,000 a week to you).'

MK Dons player trading, purchases £77k sales £229k.

MK Dons are currently fifth from bottom in League One, but this is a bit more secure than it sounds as they are nine points above Tranmere Rovers in the top relegation place.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more