Skip to main content

Ipswich's new owners back club

Ipswich’s new owners are certainly backing the club as revealed the 2021/22 accounts analysed by Kieran Maguire.

Income £14.4m up 79%.   Wages £16.4m up 23%.  Day to day losses £12.8m up 9%. Player signings £3.4m. Player sales £2.6m.  Debt to owners £10m.

Underlying losses (before player sales and one off items) were highest for a decade. Total losses over the period were £89 million.  Losses can be reduced by either player sales or owner contributions. Player sales generated a profit of just over £2m but are unpredictable and volatile.

Player purchases of £3.4m high by League One standards, as are sales of £2.6m. Squad cost at 30 June 2022 highest for a decade. Since 30 June 22 Ipswich have bought players for a further £6m

Matchday income was highest since 2016, despite being in League One as fans return to Portman Road.  Broadcast income down as fans switch from iFollow during lockdown to attending matches in person.  Commercial income (including merchandise sales) highest for a decade.

Wages have been creeping up since entering League One.  Wages have exceeded income nine years out of the last ten. Wages are high by League One standards, low compared to those in the Championship.

Owners put in £14.25m cash into the club in the form of new shares, which helps to underwrite losses and invest in players. Since 30 June Owners have invested a further £18m

Labels:

Comments

Post a Comment

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow
Post a Comment
Read more

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is
Post a Comment
Read more

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/
Post a Comment
Read more