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SUFC Accounts

Forums New posts
P&L Account

Loss of GBP 2,425,664 (2007 Profit 1,343,481)
Primarily down to a reduction in turn over from 8,391,989 in 2007 to 5,358,861 in 2007
together with an increase in costs from 5,578,439 (2007) to 5,786,656 and administration expenses
1,509,162 (2007) to 2,052,202

Balance Sheet
Assets down from 1,307,970 (2007) to 902,550
Creditors up from 5,873,974 (2007) to 6,468,505

total shareholders deficit 5,088,516 (2,869,899 2007)

Turnover

gate receipts down to 1,160,437 (2,041,824 - 2007)
Season Tickets down to 1,011,431 (1,171,936 - 2007)
League cup pools and TV fees down to 787,689 (1,408,267 - 2007)
Sports & Promotions Down to 1,011,436 (1,408,267 - 2007)

Cost of sales
Wages down to 3,384,143 from 3,696,637
Other expenses up to 2,402,513 (1,881,712)

receipts from disposal of intangible fixed assets 650,000 (1,520.00 - 2007)
Payment to acquire intangible fixed assets 584,465 (912,100 - 2007)
Intangible fixed assets are basically the players

These are the accounts to 31/7/2008 so they compare our first season in league 1 against our Championship season (2007)

on Income from Tickets , TV and Promotions , Relegation cost 2.05M
 
Last edited:
Gate reciepts halved? surely that can't be right. We dropped from an average gate of 10k down to 8k, and prices stayed the same as I recall.

I guess 2 games at Spurs during 2007 would have made some difference but still seems odd to me.

But hey, i'm no accountant..!
 
Firestorm said:
P&L Account

Loss of GBP 2,425,664 (2007 Profit 1,343,481)
Primarily down to a reduction in turn over from 8,391,989 in 2007 to 5,358,861 in 2007
together with an increase in costs from 5,578,439 (2007) to 5,786,656 and administration expenses
1,509,162 (2007) to 2,052,202

Balance Sheet
Assets down from 1,307,970 (2007) to 902,550
Creditors up from 5,873,974 (2007) to 6,468,505

total shareholders deficit 5,088,516 (2,869,899 2007)

Turnover

gate receipts down to 1,160,437 (2,041,824 - 2007)
Season Tickets down to 1,011,431 (1,171,936 - 2007)
League cup pools and TV fees down to 787,689 (1,408,267 - 2007)
Sports & Promotions Down to 1,011,436 (1,408,267 - 2007)

Cost of sales
Wages down to 3,384,143 from 3,696,637
Other expenses up to 2,402,513 (1,881,712)

receipts from disposal of intangible fixed assets 650,000 (1,520.00 - 2007)
Payment to acquire intangible fixed assets 584,465 (912,100 - 2007)
Intangible fixed assets are basically the players

These are the accounts to 31/7/2008 so they compare our first season in league 1 against our Championship season (2007)

on Income from Tickets , TV and Promotions , Relegation cost 2.05M
Click to expand...

Ouch.

Gate receipts down £1m is surprising. Wouldn't have thought it would of made that amount of difference, however we did have the Man U and 2 spurs games in that season, but then we had the 2 play-off games last year?

Income from intangible fixed assets only £650k is that Bailey or someone else?

I would hope that 2009 will be a bit healthier with gate receipts up due to Chelsea, and wages down a little as Richie Foran left (amongst others).

Still not too healthy though.
 
Ex-Trust Treasurer Bloke said:
Ouch.

Gate receipts down £1m is surprising. Wouldn't have thought it would of made that amount of difference, however we did have the Man U and 2 spurs games in that season, but then we had the 2 play-off games last year?
Click to expand...

Big decrease in the average away following as well. Instead of (say) Sunderland, Southampton and Sheffield United coming to town, were entertaining the likes of Yeovil, Port Vale and Northampton
 
Comparing it to one season in the Championship isn't exactly fair and is hardly the "norm" so think about it that way!
 
Rob1920 said:
Gate reciepts halved? surely that can't be right. We dropped from an average gate of 10k down to 8k, and prices stayed the same as I recall.

I guess 2 games at Spurs during 2007 would have made some difference but still seems odd to me.

But hey, i'm no accountant..!
Click to expand...


43% drop in gate receipts

Sound right to me considering the Season Tickets only dropped by 13%

for example 7000 seaso's in 2007 would meant that there were on average 3,300 paying on the gate

a 13% reduction in season tickets makes 6090 giving an average of 1910 (based on 8,000) paying on the day , a reduction of 42.2%

Over ticket sales (seaso's and on the day ) was down 32.4 %
as the average attendance dropped around 20% I assume the gates were inflated by the increased number of family days as well as the 2007 revenue benefitting from a the higher prices of the non season ticket games (Man Utd for eample)
 
We knew this was coming anyway so it comes as no surprise what I would be interested in is last season against this season just gone but we will have to wait for next year for that
 
Firestorm said:
P&L Account

Loss of GBP 2,425,664 (2007 Profit 1,343,481)
Primarily down to a reduction in turn over from 8,391,989 in 2007 to 5,358,861 in 2007
together with an increase in costs from 5,578,439 (2007) to 5,786,656 and administration expenses
1,509,162 (2007) to 2,052,202

Balance Sheet
Assets down from 1,307,970 (2007) to 902,550
Creditors up from 5,873,974 (2007) to 6,468,505

total shareholders deficit 5,088,516 (2,869,899 2007)

Turnover

gate receipts down to 1,160,437 (2,041,824 - 2007)
Season Tickets down to 1,011,431 (1,171,936 - 2007)
League cup pools and TV fees down to 787,689 (1,408,267 - 2007)
Sports & Promotions Down to 1,011,436 (1,408,267 - 2007)

Cost of sales
Wages down to 3,384,143 from 3,696,637
Other expenses up to 2,402,513 (1,881,712)

receipts from disposal of intangible fixed assets 650,000 (1,520.00 - 2007)
Payment to acquire intangible fixed assets 584,465 (912,100 - 2007)
Intangible fixed assets are basically the players

These are the accounts to 31/7/2008 so they compare our first season in league 1 against our Championship season (2007)

on Income from Tickets , TV and Promotions , Relegation cost 2.05M
Click to expand...

Thats pretty rotten reading!
 
Rob1920 said:
Gate reciepts halved? surely that can't be right. We dropped from an average gate of 10k down to 8k, and prices stayed the same as I recall.

I guess 2 games at Spurs during 2007 would have made some difference but still seems odd to me.

But hey, i'm no accountant..!
Click to expand...


if you add season ticket sales to gate receipts then its about 1/3rd drop in total gate receipts
our average gate dropped about 20% and when you add in the spurs and man utd cup ties it just about adds up
part of the cause for the loss was that the wage bill dropped by a much smaller percentage than gate receipts, probably many in the squad were on championship wages still
expenses were up by over a 1/3rd -higher cost of electricity and petrol costs?
 
Last edited:
TrueBlue said:
We knew this was coming anyway so it comes as no surprise what I would be interested in is last season against this season just gone but we will have to wait for next year for that
Click to expand...

That puts it into perspective Scott

total shareholders deficit 5,088,516 2008 as it was 4,486,852 in 2003 , in 5 years the successes we have had have cost 602 k or 120k per year
 
Last edited:
Ouch, so we lost 2.4m. Obviously cash and profit are not the same thing, but it goes to show the kind of shortfall football clubs have and the money Ron has to funnel in.
 
Just think about it though,
2007: long cup run, more tv money, higher league, playing better teams
2008: just relegated, worse teams, no tv money, start of the credit crunch
2008 compared to 2009 is what will show us what we really want to know!
 
Interesting. There was a shortfall of 44% in gate receipts as a consequence of relegation, but wages only dropped by less than 10% and "other expenses" actually rose by 30%.
 
What exactly were "other expenses" that rose by half a million? Or am I misreading something?
 
Firestorm said:
That puts it into perspective Scott

total shareholders deficit 5,088,516 2008 as it was 4,486,852 in 2003 , in 5 years the successes we have had have cost 602 k or 120k per year
Click to expand...

And that's without any rent and with Ron's rent write-offs from earlier years....is it also after the share issue?
 
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