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- Apr 25, 2016
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PL2 3DQ":1iuwb6v4 said: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?
PL2 3DQ":29sjytw5 said: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?
PL2 3DQ":38t35088 said: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?
Herts_Green":3ntf1ssq said: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.
cheshiregreen":10pn1hzs said:PL2 3DQ":10pn1hzs said: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?
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.
With arguments raging about how to end the season, it seems to have been forgotten that, until teams in Leagues One and Two are back playing in front of their fans, there are insufficient revenues to meet the costs of running a club - including paying wages at anything like the levels we have seen in the last few years.
As I said in my last letter to you, Argyle is stronger than most clubs, but not invincible, and cannot avoid the existential problems that face all football clubs.
evil_dave86":x29vkj41 said: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.
refurbished grandstand.Herts_Green":2bf4ltp1 said: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.