The accountancy and business advisory firm BDO recently published their Football Finance Directors Report.
“This report is about the financial health and operations of football clubs across the English and Scottish leagues, with an insight into the top priorities and concerns of these football clubs, as well as commentary on how they are responding to developments in the game.”
Wycombe Wanderers – through its Finance Director Mark Burrell – has had input into this report for the last three years.
Members may find this report interesting to read – particularly before Wednesday’s important meeting
Click here to download the report
It contains some very interesting stuff that takes some reading and further analysis, but early key findings from this year’s report include:
- Only 50% of EPL clubs reported their financial position as ‘very healthy’, compared to 71% last year
- Only one-in-five FLC clubs believe that, two years in, the enhanced EPL media rights have been positive for their club, with no FL2 or SP clubs sharing this view
- 71% and 64% of FLC clubs are expecting to make losses before and after player trading respectively, which is higher than last year: three-quarters of which are spending more than two-thirds of their revenue on wages
- No FL2 responding clubs will be profitable before player trading and less than a third will be profitable after player trading, most likely at the expense of strengthening their squads for the future
- Fewer FL2 clubs (17%) are expecting to be profitable after player trading than was the case in 2016/17 (30%)
- Outside the EPL, over two-thirds of Football League clubs remain dependent on their principal shareholder to finance annual revenue shortfalls or operating losses.
Please KIV that we would have responded as a FL2 club.