Financial Results

[Luke_1884]

So ours are out, Mel's pulled it out the bag again. 30 million spent on players, a 47% increase in wages to 32 million from 21 million. Obviously we're a fucking joke on the pitch despite the investment, that speaks for itself but I was pretty certain we'd be failing FFP after last years investment.
Plenty of spin thrown in to make things sound alright, there will no doubt be a cull this summer to get those figures down.

Rams reveal financial results for the 2015/16 campaign.

Derby County have today announced their financial results for the 2015/16 season - reporting records in turnover, attendances and season ticket numbers, together with a significant strategic investment programme across all sectors of the club.

A record year of ticketing and commercial revenue generation – resulting in a 5% increase on the previous year - were the highlights of the strong revenue performance.

The financial year July 1 2015 to June 30 2016 saw the Rams record:

• A best-ever Championship turnover in a non-parachute year of £22.6m

• The highest number of season ticket holders of any club in the English Football League - 22,553

• The highest average attendance of any team throughout the competition - 29,663

The club’s record Championship turnover was a result of a £1.1m uplift in ticketing and commercial revenue performance on the previous year. The year saw Derby County retain the highest number of season ticket holders of any club in the English Football League and the highest average attendance for any team across the competition.

The Board made a strategic decision to drive substantial investment in the playing side, operational functions and the infrastructure of the club, whilst recognising it must still continue to operate within the boundaries and rules of Financial Fair Play set by the EFL.

Almost £6m was invested on operational functions across both Pride Park Stadium and the Training Centre in partnership with the University of Derby. Developments included; new undersoil heating, a top class pitch and LED floodlights at the stadium and the completion of further significant pitch and infrastructure improvements at the Training Centre.

A number of permanent player signings were made during the transfer windows of summer 2015 and January 2016, which boosted balance sheet intangible assets from £7.5m to £33.5m. Wages increased in the year to £32m from £21.8m.

The Rams reported a loss of £14.7m for the year compared to £10.1m in the previous one.

The loss for FFP purposes was £9m (£4m within the allowable £13m threshold) compared to £5.6m in the previous year when the threshold was £6m. This financial year was the fourth in which the English Football League Financial Fair Play regulations were in force and the club’s financial results were approved by the EFL in December.

President & Chief Executive Officer Sam Rush said: “I am pleased to be able to report another strong year for the club across all sectors of our operations. Increases in revenue emphasise the fantastic backing we continue to receive from our supporters and how we remain market leaders in the EFL.

“The 2015/16 season was a landmark year for us as it was the first season in which Mel Morris joined us as owner and Chairman. In this year, Mel’s tremendous commitment to Derby County enabled The Board to make significant strategic investments across all aspects of what is an exceptionally vibrant club. We have now laid the foundations for the club to build for many years to come.

“The club remains in good health for season 2016/17. Gary Rowett and his staff have brought an upbeat and positive outlook and we are all looking forward to the last seven games of the league campaign and beyond.”


http://www.dcfc.co.uk/news/article/...516-financial-results-announced-3654711.aspx#

 

[markwwfc1992]

It does make me laugh how much you have spent in the last 5 years and you still haven't been promoted.

Mind, we have spent 27m this season and are currently 16th

 

[Luke_1884]

5 years is a weird figure Mark, considering 2 of those were under Nigel Clough where we spent f-all!

The last 3, absolutely. When has money even guaranteed anything in football though? Us, you, Wednesday don't seem to have improved despite money spent, Aston Villa.. could go on forever. Forest's wage bill was 26m last year, they finished 16th. Mental.

 

[MagpieBee]

Don't really understand given all those increases how you can keep passing FFP, but fair play to you guys you do!

Shame we seem to be so hamstrung by it, despite huge profits being made on player sales.

 

[Walkley_Owl]

Don't really understand given all those increases how you can keep passing FFP, but fair play to you guys you do!

Shame we seem to be so hamstrung by it, despite huge profits being made on player sales.

Selling Hendrick probably helped.

 

[Luke_1884]

Hendrick's sale will be on next years accounts as we only sold him to Burnley in July 2016.

I don't really understand it all either to be honest, I'm an engineer not an accountant. The terminology is what goes over my head.
All I know is there's some pretty good people in charge on the financial side of things. Shame about the recruitment.

 

[Walkley_Owl]

I wish you'd have released the accounts like a lot of clubs do, I'd like to see the breakdown as I'm not an engineer I'm an accountant and would be interested in the back up to the points mentioned. Fuck paying for em from Co House.

 

[Rammy]

Crazy what happens when a club is run properly, eh Forest?

 

[Luke_1884]

I wish you'd have released the accounts like a lot of clubs do, I'd like to see the breakdown as I'm not an engineer I'm an accountant and would be interested in the back up to the points mentioned. Fuck paying for em from Co House.

We released ours two weeks after a similar announcement last year so maybe we will in a couple of weeks.

 

[Walkley_Owl]

Crazy what happens when a club is run properly, eh Forest?

I'm not sure making major losses is running it properly and I include ourselves in that.

 

[Rammy]

I'm not sure making major losses is running it properly and I include ourselves in that.

True, but that's football. We've met the financial rules quite easily despite all the money spent and the huge wage bill. God knows how other clubs manage to fail this thing.

Not many clubs have a turnover of £22.6m mind.

 

[Walkley_Owl]

True, but that's football. We've met the financial rules quite easily despite all the money spent and the huge wage bill. God knows how other clubs manage to fail this thing.

Not many clubs have a turnover of £22.6m mind.

Aye we turned over 22m too.

 

[big mean bunny]

Lets talk about money well spent.

 

[TractorBoys]

Derby's (just one example of a few) spending is just farcical when you look at their performances in recent years; 10 points above the likes of us that has an owner who runs the club like he doesn't have a pot to piss in (OK bit harsh, he does plug the debt), but yeah... bit of a joke! And the thing is, they will do it all over again this summer with likely similar unconvincing results next season. Though Rowett may have something to say about that.

You might say I'm jealous but frankly all it proves is that more times than not, you can't buy this league. Crazy stuff.

 

[Luke_1884]

It's the lack of continuity that's made things worse, Macca spends 10 million - sacked, Clement spends 25 in the summer, another 5 in jan - sacked in Feb, Pearson spends 12 million - sacked in october, Macca spends 5 in jan - sacked in March.. mental. We've got a squad of players that are x3 different managers'.. it's a mess.

For what it's worth I don't think we'll go big this summer, there will be funds available but we'll be wanting to get our wage bill down. It'll all hinge on who we can shift out.

 

[markwwfc1992]

We'll happily give you 2.5m for Andi Weimann.

 

[Luke_1884]

We'll happily give you 2.5m for Andi Weimann.

That'll be a start.
Got nothing against Weimann, seems like a decent guy too, we just have plenty of players in positions he'll be wanting to occupy.

 

[big mean bunny]

It's the lack of continuity that's made things worse, Macca spends 10 million - sacked, Clement spends 25 in the summer, another 5 in jan - sacked in Feb, Pearson spends 12 million - sacked in october, Macca spends 5 in jan - sacked in March.. mental. We've got a squad of players that are x3 different managers'.. it's a mess.

For what it's worth I don't think we'll go big this summer, there will be funds available but we'll be wanting to get our wage bill down. It'll all hinge on who we can shift out.

This is what Wolves experienced for years, especially during the 90s. It's part of the reason I am so against managers having a say in the clubs transfers, or certainly having sole say. Since the 60s european sides, and not the glamour ones, nearly all them. Have seen its useful to try and have a style or system and to find staff that fit that, rather than the other way around.

 

[AFCB_Mark]

A few bits posted today by the 'Swiss Ramble' - based on the accounts released for last season 15/16. The whole raft of info can be read on https://twitter.com/SwissRamble

Loss figures (Profit in Wolves' case!)

Debt figures

Wage / Turnover figure

Attendances

 

[Walkley_Owl]

He's very good is Swiss Ramble.

We turned over the most money by any club for match day income.

 

[MagpieBee]

2nd highest wage / turnover figure, but our wage bill is in the bottom 6 teams. Shows how important our new stadium is!

 

[AnkleBiter]

Those tables, as well as this one...

...make me incredibly proud of what we've done this season. Ridiculous that we've been the biggest challengers to the autos.
I'm sure we'll do far better financially next year too, with extra revenue from nearly doubling our crowds, record breaking retail sales and sponsorships, the FA Cup run, and more TV money.

 

[gazbrewer]

From what our chairman mentioned in a recent interview, it looks like we have made a profit in our debut Championship season...to be fair though we rarely make a loss. Not bad on attendances averaging 5500. I'll also add we do not have a sugar daddy.