Unlike some other clubs, Plymouth are debt free, with over £6 million in the bank, and have a sustainable business model. Great to hear they are planning a fan forum to explain the numbers too. A model approach that others should follow states Kieran Maguire of the PriceofFootball.
Revenue was down 19% in 2020/21, mainly due to the season
taking place behind closed doors. The main hit was in terms of matchday (down
68%) but broadcast was up and academy/merchandise/commercial was solid.
Main costs are
wages, Argyle's hardly changed during the year although went up from 69% to 85%
of income due to Covid.
Plymouth's underlying loss increased to £3.7m, but the club
was smart enough to have business interruption insurance which paid out £2.5m
due to Covid, as well as receiving a £1.1m grant from the Premier League.
Furlough income was £310k.
Plymouth player
trading was modest, with £210k spent on recruitment, decent by division
standards, and sales of £78k.
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