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Financial Results


QPR debt rises with big loss

The latest accounts from Queens Park Rangers show that the club's holding company recorded a £45.7m loss last season despite having the benefit of Premier League television income.   They earned £65.9m from Premier League television money last season, which contributed to an overall turnover of £85.8m.

However, £38.8m was spent on players and there was a wage bill of £72.9m.   This represents 85 per cent of turnover, well above the recommended 50 per cent level.   The club's net debt, mainly in the form of loans from shareholders, has risen to £193m.

Liverpool in good financial shape

The author of the authoritative Swiss Ramble blog provides an in depth examination of the finances of Liverpool who recently published their accounts for 2014/15.  He concludes that they are in good financial shape under the Fenway Sports Group, whilst noting the mixed performance on the pitch and the ticket pricing fiasco,

Financial worries at Villa

Aston Villa's latest financial results do not make for happy reading, given the club's precarious position in the Premier League.   Losses at the parent company went up from £3.9m to £27.3m.

Turnover fell slightly from £116.9m to £115.7m.   The wage bill was up from £69m to £83.7m.  As a proportion of turnover it went up from an acceptable 59 per cent to a concerning 72 per cent.

Charlton reduce losses

Charlton's accounts for 2014-5 show that the club had a total of £46m in debt. £38m was owed to Roland Duchatelet's company Staprix, £7m to the old board and £1m to the bank.

£1m was paid in interest to Staprix during the year, according to VOTV editor Rick Everitt.

Wolves make a profit

Wolverhampton Wanderers made a profit in 2014-15, but it is dependent on parachute payments which end this year.  Pre-tax profits were £2.3m but these reduce to £700,000 when depreciation of the Molineux stadium is taken into account.

Turnover was down from £32.6m to £26.4m, largely reflecting a drop in parachute payments.   Gate money, sponsorship and advertising revenue were all up.

Mixed financial position at Leeds

The financial position at Leeds United has stabilised compared to the disastrous stewardship of Gulf Financial Holdings, but many underlying problems remain.

Record pre-tax profits at Leicester

As well as topping the Premier League, Leicester City have recorded record pre-tax profits for the year ending 31 May 2015.   Profits were £26.8m compared with a loss of £20.8m in the previous year.  Income was up to £104.4m from £31.2m.

With the return to the Premier League, income went up from £31.2m to £104.4m.   The King Power stadium was largely sold out at 98.5 per cent of capacity with match day receipts up from £6.9m to £10.6m.

Small loss at Arsenal

Arsenal recorded a small loss of £3.4m in the six months to 30 November, compared with a profit of £6.2m in the same period the preceding year.   The difference is largely explained in terms of income from player transfers.

Turnover was up from £148.5m to £158.4m.   The club has a war chest of over £159m should it need to draw on it.

Notts County up for sale

Ray Trew has stepped down as chairman of Notts County and has announced the club is for sale.  He became owner and chairman in 2010 but said he and his family were subject to 'foul and mindless abuse' in recent days.

Trew bought the club for £1 and took in debts of £1.5m built up during Middle East consortium Munto Finance's brief period as owners.  The Magpies have had nine full-time managers during Trew's tenure.

Whether there will be any buyers for the club remains to be seen.

Manchester United stride ahead financially

Despite disappointment on the pitch, Manchester United are striding ahead financially.   They are on track to become the first English club to earn £500m in a year.

Their second quarter figures for the period ending 31 December 2015 show that revenue was up by 26.6 per cent to £133.8m.   Commercial revenue was up a staggering 42.5 per cent to £66.1m, driven by the lucrative new deal with adidas.