BFC Accounts 2020/21

rebus

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I note that last season FCM loaned us £4.9m which was repaid on the first premier league cash distribution.
 

rebus

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See there was £12 mil promotion cost , I take this as Bonus payments
Yes, so if you add in some stadium work and loan repayments listed etc etc I heard the outgoing cash figure was £40m this summer.
 
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See there was £12 mil promotion cost , I take this as Bonus payments
There will have been contingent liabilities too (e.g. payments to Peterborough as part of IT's transfer add-ons)
 

Isleworth_Bee

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So promotion was worth Sod all then 😉:fishing:
 

SH

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The note on Fixed Assets (p. 37) states that the only freehold land remaining relates to "a piece of land held by a subsidiary company, adjacent to the Brentford Community Stadium that has been transferred from assets in the course of construction in the year". Just curious, but anyone know what this is?
 
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The note on Fixed Assets (p. 37) states that the only freehold land remaining relates to "a piece of land held by a subsidiary company, adjacent to the Brentford Community Stadium that has been transferred from assets in the course of construction in the year". Just curious, but anyone know what this is?
Most probably the Duffy site which is on the other side of Lionel Road South from the West Stand.
 
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SH

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Most probably the Duffy site which is on the other side of Lionel Road South from the West Stand.
Thanks Nana 👍🏻 I’ll have to take more notice when I wander past on Wednesday.
 

hobbsy

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Thanks Nana 👍🏻 I’ll have to take more notice when I wander past on Wednesday.
I think the site office is there currently.
 

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Looks pretty healthy to me - before this season our whole model was to offset incoming with outgoings but each season was at a higher level as shown by 44m player trading profit. Compare and contrast with QPR and Bournemouth..
 
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Invipai

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They say that it's the second season in the Prem where the money really makes an impact. As payments, promotion clauses etc mean you are still somewhat limited in your first year.

Second year you dont have those, plus you are then guaranteed an additional year of parachute money that you can plan for. Next year's money will allow us to develop the training ground etc.

Of course our wage bill will increase as well! But hopefully that will be in line with having higher quality players to allow us to compete higher in the table and then keep the Prem money rolling in each year. Our trading 'conveyor belt' system I imagine will also start bearing fruit by then as well.
 

Ealing Bee

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They say that it's the second season in the Prem where the money really makes an impact. As payments, promotion clauses etc mean you are still somewhat limited in your first year.

Second year you dont have those, plus you are then guaranteed an additional year of parachute money that you can plan for.
I thought it was two additional years?

That is, one year parachute money if you go straight back down, but three years if you manage to last for at least two seasons.
 
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I thought it was two additional years?

That is, one year parachute money if you go straight back down, but three years if you manage to last for at least two seasons.
It is 2 additional years and this is specifically mentioned in the accounts wrt the Barclays overdraft.
 

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Does it detail what MB coughed up for BCS in total ?
 
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Does it detail what MB coughed up for BCS in total ?

Yes

"Matthew Benham's total investment in the group on 30 June 2021, comprised of equity and loans, stood at £104.1m (2020: £103.0m). This sum includes £22.4m (2020: £21.3m) of secured loans specifically in relation to the Brentford Community Stadium project."
 

w7 bee

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Yes

"Matthew Benham's total investment in the group on 30 June 2021, comprised of equity and loans, stood at £104.1m (2020: £103.0m). This sum includes £22.4m (2020: £21.3m) of secured loans specifically in relation to the Brentford Community Stadium project."
BCS construction contract with BG was rumoured to be c £70m (I think ?) , so a gap of £48m ?
 
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BCS construction contract with BG was rumoured to be c £70m (I think ?) , so a gap of £48m ?

That's a different question. Here's the stadium cost.

"In the table above the total stadium value capitalised cost as at year end is £76.2m and is split across additions and reclassification from assets in the course of construction. All fixed assets at year end are held at cost less depreciation."
 

AB

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Yes albeit compared with previously promoted clubs which isn't a great bar for financial management

The most interesting comparison is possibly Norwich as it runs a “self-funding” business model because they have owners with no significant money beyond the club itself and no external funding beyond ordinary banking. They’ve yoyoed by spending big in the Championship and having a £40m loss then not having much headroom to do anything significant when up. Our £9m loss in the context of a season and a half with no crowds would have been probably at break even otherwise and in profit without the promotion bonuses.
 

hanworthbee

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To see us with a wage bill of £29m (minus the promotion bonus) which is lower mid table shows what a great job we did last season

The wages to turnover is a bit 😳
 
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