Skip to main content

Bristol City lose £146m in a decade

 The authoritative and thorough Swiss Ramble provides a forensic analysis of the finances of Bristol City: https://swissramble.substack.com/p/bristol-city-finances-202122?utm_source=substack&publication_id=1203438&post_id=87343314&utm_medium=email&utm_content=share&triggerShare=true&isFreemail=true

He notes, 'Losses are nothing new for Bristol City, who have only posted a profit once in the last decade (£11m in 2019, thanks to £38m profit from player sales). In that period, the club has lost a hefty £146m, including £77m in the last three (COVID-impacted) seasons.

Bristol City’s revenue is one of the highest in the Championship – if you exclude the clubs that benefit from Premier League parachute payments, whose revenue is normally twice as much. 

For many years Bristol City have been dependent on funding from owner Steve  Lansdown, which the club described as “critical”. I estimate that the owner has put in around £232m to date, which is a huge commitment.  To highlight the level of Lansdown’s support, In the 10 years up to 2020/21, Bristol City benefited from £181m of money from the owner, the fourth highest in the Championship, only surpassed by QPR, Stoke City and Cardiff City.'

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