Argyleloyal
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Financial report
- Thread starter Argyleloyal
- Start date
- Oct 31, 2010
- 24,351
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It's a worry we operated at a £1.4m loss over the six month period or a £800,000 loss when deducting one off costs. It cost the club £600,000 to change the management team - paying off the old and bringing in the new - and the use of temporary changing rooms and hospitality (Life Centre and Duke of Cornwall hotel).
60% of our income comes from matchday activity.
The coronavirus has changed everything and future financial reports will be totally different.
Just how can Argyle and other lower league clubs survive with no money coming through the turnstiles?
60% of our income comes from matchday activity.
The coronavirus has changed everything and future financial reports will be totally different.
Just how can Argyle and other lower league clubs survive with no money coming through the turnstiles?
Using ratios provided, football costs increased by about £1.3m from 17/18 to 18/19.
I know it includes other things than just wages, probably includes some of the £600k management changes. But it should put the final nail on the coffin to the argument that Adam's didn't have a big enough budget in his final season.
I know it includes other things than just wages, probably includes some of the £600k management changes. But it should put the final nail on the coffin to the argument that Adam's didn't have a big enough budget in his final season.
Catering has represented 6% of club income for a while now. It will be interesting to see how this increases in future years with the facilities in the new grandstand.
PL2 3DQ":29sjytw5 said:
Council would be desperate to keep us in business too as they showed in 2010.
PL2 3DQ":38t35088 said:
You always know these things what's the financial difference between League 1 and 2?
Given the likelihood of a late start for 20/21 perhaps September or October the Checkatrade can be scrapped to ease congestion. Presumably clubs will be relying on I follow income to fill a small part of the budget shortfall. Again, we may fare better than many in that scenario due to size of fanbase.
- Oct 31, 2010
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cheshiregreen":10pn1hzs said:
I haven't seen any numbers for this season but last season the Basic Award Payment and the Premier League solidarity payment combined was £1.39 million for clubs in League One and £952,000 in League Two, so a difference of about £400,000.
I realise fans are naturally getting excited about promotion and the signing of players but to put it bluntly the future of the club (and other clubs) is an issue, as Simon Hallett is keen to highlight ...
My first worry is that SH will say enough is enough as he can’t keep pouring money in, with no income per se that leaves us up the creek without a paddle. We might end up changing owners for some total cowboys!!!!
There is strong talk of wage caps and this means less money for our manager to bring new players in for Division 1. Players on reduced wages won’t want to come to Plymouth and leave their family networks. It’s hard enough now to entice players to come down here (not sure why as it’s a beautiful place to live) and we might have to rely on local talent which may make life very difficult in a higher division.
There is strong talk of wage caps and this means less money for our manager to bring new players in for Division 1. Players on reduced wages won’t want to come to Plymouth and leave their family networks. It’s hard enough now to entice players to come down here (not sure why as it’s a beautiful place to live) and we might have to rely on local talent which may make life very difficult in a higher division.
Following up on PL2's last post (buck197 got in while I was typing!)...
Indeed, which is why I think that rumours that we have made offers to players like Palmer and Hardie really do need to be taken with a humungous pinch of salt (with some pepper thrown in for good measure).
(unless Simon Hallett has access to some unknown pot of money and is being very canny about keeping it hidden)
Indeed, which is why I think that rumours that we have made offers to players like Palmer and Hardie really do need to be taken with a humungous pinch of salt (with some pepper thrown in for good measure).
(unless Simon Hallett has access to some unknown pot of money and is being very canny about keeping it hidden)
