Skip to main content

Player sales boost non-league club

Player sales are becoming an increasingly important, if unpredictable, source of revenue for clubs.  This is even the case at non-league level as shown by the annual accounts of Leamington FC.  The National League North team is acquiring a good reputation for player development.

The loss for the year was £22,284 compared to £52,282 in 2019. The accumulated loss now stands at £64,148 up from £43,814.

Transfer fees were up from £20,000 to £62,500 without which the loss would have been much worse.

The report notes, ‘It continued to be a challenge for the club to retain our National League status whilst operating on a playing and management budget that remains substantially below the average of our competitors. It is a credit to the structure and operational stability of the club and the manager that it continues to attract players when the financial rewards for them are greater elsewhere.’

The total revenue of the club increased from £331,000 to £359,800.   The playing budget is £205,000.

The club was able to offset this loss in revenue from the suspension of the league with increased revenue from the transfer fees for Colby Bishop (to Accrington Stanley) and Josh March (to Forest Green Rovers) during the season and increased prize money due to a good FA Trophy run.

The club concluded a five year stadium naming deal with Midcounties Cooperative at £20k in the first year.


Comments

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’...

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...

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