| How is it sustainable? 13:18 - Apr 2 with 1011 views | TresBonne |
Have a scroll through Kieran Maguire's X/other social media feed(s) today and look at how every single club is quite literally losing hundreds of thousands to millions of pounds a year. Even clubs like Darlington are losing 330k in 23/24. Bolton (incl the hotel) - 11.1 million. Barnsley had a 9.6m operating loss before player sales reduced this to 2.9m.
In what way is this sustainable for English football? I can't imagine these smaller clubs have an incredible amount of cash reserve as it is, in what world can they carry on losing this much and perform OK?
Or is it almost sustainable in a weird way because of the fact that a new millionaire owner will come in, or a new TV deal struck, pump a bit of cash in for a while and paper over the cracks a bit?
It seems absolutely barmy to me. |  | | |  |
| How is it sustainable? on 13:21 - Apr 2 with 978 views | TresBonne |
Some more ridiculous figures for you:
Fleetwood Town, funded by parent loans - £9.3m. Total losses over £40m.
Ayr United lost £187k in 23/24 taking total losses to over£1.7m. Club is dependent upon director loans of £585k to continue
Gillingham losses almost doubled to £4.3 million in 23/24. The losses were underwritten by a £1.3m donation and £2.2m of loans. Again bare in mind these are L2 football clubs!
Salford City lost over £5.3m in 23/24 taking total losses to over £28m since being acquired by new owners
Could go on... [Post edited 2 Apr 13:21]
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| How is it sustainable? on 15:07 - Apr 2 with 781 views | mutters |
Not sure why it's barmy, football clubs have historically always lost money. Only recently during the Premier League era you could argue there was a profit to be made, however the club needs to cut it's cloth accordingly, which is where you'd hope the Financial Rules assist.
Remember the old saying that the best way to become a millionaire in football ownership is start as a billionaire |  |
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| How is it sustainable? on 15:35 - Apr 2 with 706 views | gsoly |
Essentially the only way to currently profit from football is to do what our owners have done: pick up a depressed asset, invest in good faith, pray to high heavens that it works, sell some years later for a profit. Accept it will cost you millions a year in the meantime.
For football league clubs, the outlook is incredibly bleak. It honestly depresses me. As much as the Championship is 'the best league in the world', the clubs who are in it for years are financially screwed beyond belief. To even compete in that league you probably need to be losing £10-12m minimum now. |  | | |
| How is it sustainable? on 17:09 - Apr 2 with 543 views | Illinoisblue |
It is madness, isn’t it, on the face of it. Never quite sure how much is accounting/tax smoke and mirrors and how much is actual real money being lost. |  |
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| How is it sustainable? on 17:40 - Apr 2 with 491 views | ITFC_Forever |
It isn’t sustainable and hasn’t been for a couple of decades.
It’s incredible…. In any other industry, clubs would be shut down left, right and centre.
The root of the problem is the greed at the top. If the income the top clubs received was shared down the chain, rather than them keeping virtually all of it, it would be a more even competition,
The other part of it is the clubs bowing to wage demands of the players…. It’s a race to the bottom as they’re incapable of acting together to say no to it.
The sooner the big six feck off, the better. It would leave a far more even game for the rest of us. |  |
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