F!RTHY
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- The Bantams
It’s that time of the year when clubs are obligated to report their financials to Companies House.
Ours were published earlier this week and, as always, made for interesting reading.
Overview:
Further context:
Total revenue significantly up (£7.3m) in comparison to previous year due to the affects of COVID during 20/21. About where it should be for us in L2. Although this current season (22/23) is a little different. Commercial revenue and crowds are significantly up, so come financial year end (2024), if expect to see our revenue nearer the £9m mark.
Loss of £299,000 - largely due to the sacking of Derick Adams.
It cost the club £410,203 to play at Valley Parade during 21/22 season - this is just ground rent.
Playing budget was £3m in comparison to £2.7m for the 19/20 season. This season budget sounds as though it’s nearer £3.5m.
“Our ticket office sales during the year are over £300k more than budget and this includes record-breaking income from ‘iFollow’ – the EFL’s official streaming service, of £180k.
Our academy, as already referred to, has generated a surplus of over £300k.
Our commercial department has performed particularly well, and revenue has doubled over this accounting year, which is not inconsequential in these challenging economic times.”
Commercial revenue for this current season is in excess of £1.1m. The most we’ve generated since 2001.
No cause for any real concerns by the sounds of things.
Anyone else care to share their respective position?
Ours were published earlier this week and, as always, made for interesting reading.
Overview:
Further context:
Total revenue significantly up (£7.3m) in comparison to previous year due to the affects of COVID during 20/21. About where it should be for us in L2. Although this current season (22/23) is a little different. Commercial revenue and crowds are significantly up, so come financial year end (2024), if expect to see our revenue nearer the £9m mark.
Loss of £299,000 - largely due to the sacking of Derick Adams.
It cost the club £410,203 to play at Valley Parade during 21/22 season - this is just ground rent.
Playing budget was £3m in comparison to £2.7m for the 19/20 season. This season budget sounds as though it’s nearer £3.5m.
“Our ticket office sales during the year are over £300k more than budget and this includes record-breaking income from ‘iFollow’ – the EFL’s official streaming service, of £180k.
Our academy, as already referred to, has generated a surplus of over £300k.
Our commercial department has performed particularly well, and revenue has doubled over this accounting year, which is not inconsequential in these challenging economic times.”
Commercial revenue for this current season is in excess of £1.1m. The most we’ve generated since 2001.
No cause for any real concerns by the sounds of things.
Anyone else care to share their respective position?
