Profitable Football?

Trapdoor

Well-Known Member
Joined
Apr 6, 2015
Messages
1,862
Reaction score
575
Points
113
Location
Here
Supports
Exeter
Not likely!

http://www.bbc.com/sport/football/35714830


Hugely misleading Beeb article based on our filing at companies house.

The metrics upon which a football clubs financial performance should be based need to be documented in conjunction with a shortened financial statement.

Our costs are barely down, our net book value is massively down, our year-on-year tangible assets are down 150k... and crucially our forward projected income is down. Couple that picture with, lower gates and decreased income and the picture becomes even less rosy.

Unfortunately an article written about financial prudence in football management will not get as many clicks on a news website so they don't write about that..... :hb:
 
Last edited:

Deepcut Cobbler

Well-Known Member
Joined
Jun 10, 2015
Messages
1,535
Reaction score
317
Points
83
Location
Bordon, Hampshire
Supports
The Cobblers and Gladbach
Did I see last night that Pompey have posted a £2,000 profit? I didn't see over what period though...
 

Trapdoor

Well-Known Member
Joined
Apr 6, 2015
Messages
1,862
Reaction score
575
Points
113
Location
Here
Supports
Exeter
Thats good for them, they havent had any windfall so I suspect that is done off their own backs? They are starting to play more as a team these days as well now. Good to see them rebuild.
 
  • Like
Reactions: WAP

ThisTinpotLeague

Well-Known Member
Joined
Aug 22, 2015
Messages
1,753
Reaction score
614
Points
113
Location
Oxford
Supports
Oxford
Who did we post it to? Wouldn't want that as you settle down to your cornflakes.
 

Laker

Well-Known Member
Joined
Jan 18, 2015
Messages
2,793
Reaction score
1,133
Points
113
Supports
Cambridge United
Its not really worth posting a profit of that size is it? Remember about £325,000 will go straight into the taxman's back pocket! Spend it!
If you've got losses from previous periods, which a lot of clubs do, then you can obviously offset those and pay tax on the remaining balance.

I think one off profits are fine, in the same way that one off losses are fine but I guess ideally you'd be breaking even over the long term, no?
 

ThisTinpotLeague

Well-Known Member
Joined
Aug 22, 2015
Messages
1,753
Reaction score
614
Points
113
Location
Oxford
Supports
Oxford
If you've got losses from previous periods, which a lot of clubs do, then you can obviously offset those and pay tax on the remaining balance.

I think one off profits are fine, in the same way that one off losses are fine but I guess ideally you'd be breaking even over the long term, no?

I would imagine most clubs are run by chairman with other business interests, and therefore they might surrender the losses to those companies and reduce the tax bills there?
 

Bar Carousel

Active Member
Joined
Oct 30, 2015
Messages
231
Reaction score
86
Points
28
Location
Fareham
Supports
Portsmouth
Did I see last night that Pompey have posted a £2,000 profit? I didn't see over what period though...

That was for last years accounts, just published.

The profit margin would have been a lot more, but for an expensive maintenance programme of Fratton Park, and part costs for the building of our new training ground.

What a welcome relief to see our turn around finally taking shape, from a board managing the club sensibly. Perhaps Pompey can be see as a positive name in football after years as a bye-word for all that can go wrong.
 

Laker

Well-Known Member
Joined
Jan 18, 2015
Messages
2,793
Reaction score
1,133
Points
113
Supports
Cambridge United
I would imagine most clubs are run by chairman with other business interests, and therefore they might surrender the losses to those companies and reduce the tax bills there?
True. I wonder how many of these chairmen bring losses across from other companies to offset with their profits at their clubs.....
 

Bar Carousel

Active Member
Joined
Oct 30, 2015
Messages
231
Reaction score
86
Points
28
Location
Fareham
Supports
Portsmouth
Shouldn't effect the profit whilst you're building it #accountantchat

Our operating profit was about £350k i believe.

The £2k figure is what was left of it.

# i ain't no accountant - so god knows what means.
 

Forum statistics

Threads
15,977
Messages
1,092,327
Members
6,698
Latest member
eugeneosei
Top