We've gone FULL COLOUR!
BFC Accounts 2020/21
- Thread starter Banana
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rebus
On my final warning
Trading loss last season before player income was £53.1m. That’s roughly a million pound a week of losses. Thank you MB.
This season will be different!
This season will be different!
rebus
On my final warning
I note that last season FCM loaned us £4.9m which was repaid on the first premier league cash distribution.
Delbee
Well-known member
See there was £12 mil promotion cost , I take this as Bonus payments
rebus
On my final warning
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.
- Thread Starter
- #7
There will have been contingent liabilities too (e.g. payments to Peterborough as part of IT's transfer add-ons)
What’s the reason for this?
rebus
On my final warning
I assume we didn’t have a lot of money / access to it was cheaper via inter-company loan rather than commercial terms.
- Thread Starter
- #10
We needed cash and they had some that they didn't need
Isleworth_Bee
Well-known member
So promotion was worth Sod all then 
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?
Thanks Nana
I’ll have to take more notice when I wander past on Wednesday.
hobbsy
Optimist
Gazza Bee
Active member
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
Active member
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.
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
Well-known member
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.
- Thread Starter
- #19
It is 2 additional years and this is specifically mentioned in the accounts wrt the Barclays overdraft.
Isleworth_Bee
Well-known member
That looks very positive
Hungerford Bee
Active member
@KeiranMaguire (price of football) on Twitter seems to approve.
Yes albeit compared with previously promoted clubs which isn't a great bar for financial management
- Thread Starter
- #25
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."
I believe I've seen around 103 million quoted.
GlasgowBee
Knows **** all about anything
A cracking optical illusion too 
rebus
On my final warning
That’s his entire investment in the club.
- Thread Starter
- #29
No. That would be £104.1m
rebus
On my final warning
What’s a million between friends?No. That would be £104.1m
BCS construction contract with BG was rumoured to be c £70m (I think ?) , so a gap of £48m ?
- Thread Starter
- #32
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
Well-known member
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.
Hungerford Bee
Active member
@swissramble on Twitter just published their analysis. Pretty positive as well
rebus
On my final warning
hanworthbee
Well-known member
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
The wages to turnover is a bit
shepperton bee
shepperton bee
The revenue from the 11000 Season ticket sales I assume will go into the next financial year ?