Baldrick Posted May 3, 2022 Share Posted May 3, 2022 Published https://www.swfc.co.uk/news/2022/may/annual-accounts-published/ Headline £25m loss Link to comment Share on other sites More sharing options...
1867Heaven Posted May 3, 2022 Share Posted May 3, 2022 5 minutes ago, Baldrick said: Published https://www.swfc.co.uk/news/2022/may/annual-accounts-published/ Headline £25m loss What’s happening with FFP during the covid period? Link to comment Share on other sites More sharing options...
robowl4life Posted May 3, 2022 Share Posted May 3, 2022 Sounds bad that but assuming it’s ok as it’s under the threshold? Link to comment Share on other sites More sharing options...
East Yorks Owl Posted May 3, 2022 Share Posted May 3, 2022 The words scary and depressing come to mind. It beats me why an sane business person would take a punt at owning a football club. 3 Link to comment Share on other sites More sharing options...
sage owl Posted May 3, 2022 Share Posted May 3, 2022 Could one of the resident experts summarise for us laymen please. At a quick uneducated glance it doesn’t look good.. 1 Link to comment Share on other sites More sharing options...
bigdan2003 Posted May 3, 2022 Share Posted May 3, 2022 Oh ffs. They would have to be published the week of one of the most important games in our history. Hoping for no huge surprises or drama. 1 Link to comment Share on other sites More sharing options...
Popular Post @owlstalk Posted May 3, 2022 Popular Post Share Posted May 3, 2022 Glad to get them out of the way Whilst not great - they're also along the same lines as every other club Let's crack on now and get promoted! 21 1 Owlstalk Shop Link to comment Share on other sites More sharing options...
WhiteOwl91 Posted May 3, 2022 Share Posted May 3, 2022 9.2m loss in revenue in part due to covid and behind closed doors. Have to assume that is taken into concern with FFP for this period across the board, but would be interested to see what people far more knowledgeable on the topic than me have to say 1 Link to comment Share on other sites More sharing options...
Popular Post @owlstalk Posted May 3, 2022 Popular Post Share Posted May 3, 2022 Energy and carbon report The Club employed a consultant to carry out an energy assessment in May 2019 which gave recommendations as to how it could reduce its annual energy consumption. A number of recommendations were identified and the Club is looking to implement these over the next couple of years and has to date started an ongoing programme of replacing lighting with LED lamps and sensor lights. Monitoring the temperature at which the under soil pitch heating is used to reduce gas consumption, replacing taps to automatically cut off in the toilets around the stadium. A new undersoil heating boiler was installed during Autumn 2021 with a more fuel-efficient model. New LED floodlights are planned to be installed by the start of the 2022-23 season which will reduce electricity consumption of the floodlights by 80%. Matchday radios are all turned off between matches and all kiosks on the concourses are powered down after each match, including till systems and refrigeration. Installed plumbed in water taps to reduce single use plastics and an electronic vehicle charging point at the training ground. All waste disposal is separately sorted for the ease of recycling glass, plastic glasses and bottles, paper and cardboard, food waste and general waste. An annual electric equipment disposal is undertaken to achieve efficient recycling. Waste cooking Oil is collected for recycling. Beer lines are cleaned and put on air to save water consumption as this saves rinsing the lines twice which also helps save on waste. Stadium pitch irrigation requirements are measured by electronic moisture probes and the watering is controlled by computer with moisture readings taken daily. This is good stuff too 28 Owlstalk Shop Link to comment Share on other sites More sharing options...
@owlstalk Posted May 3, 2022 Share Posted May 3, 2022 Another positive here : Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 7 Owlstalk Shop Link to comment Share on other sites More sharing options...
RedDragonOwl Posted May 3, 2022 Share Posted May 3, 2022 So basically we're going to be deducted points again. 1 Link to comment Share on other sites More sharing options...
Baldrick Posted May 3, 2022 Author Share Posted May 3, 2022 Wage bill looks to be down c £9m from previous year to around £24m I guess that is a positive trend although still covers our period in the Championship. Yet to see the impact of League One 2 Link to comment Share on other sites More sharing options...
alanharper Posted May 3, 2022 Share Posted May 3, 2022 4 minutes ago, Baldrick said: Wage bill looks to be down c £9m from previous year to around £24m I guess that is a positive trend although still covers our period in the Championship. Yet to see the impact of League One Yeah it'll still include the likes of Rhodes, Reach, Lees, Westwood all on big wages. The reduction from the previous year would have been largely due to the departures of Fletcher and Forestieri 1 Link to comment Share on other sites More sharing options...
Road Runner Posted May 3, 2022 Share Posted May 3, 2022 Thought they were going to be a lot worse to be honest. Without covid losses would have been around 16 million? Still high earners within that too? 1 1 Link to comment Share on other sites More sharing options...
Bluesteel. Posted May 3, 2022 Share Posted May 3, 2022 If we don’t go up then by the time we do then I’m not sure it would have as much bearing on the P&S situation as our wage bill will have reduced further this season and presumably next. Do seasons in league one even count? Some big wages were still present during that period which have gone now thankfully. At least we have paid them! Link to comment Share on other sites More sharing options...
Animis Posted May 3, 2022 Share Posted May 3, 2022 I'm assuming the revenue impact of COVID will be taken into consideration for FFP for this and the next accountancy period? Link to comment Share on other sites More sharing options...
OwlsItGoing Posted May 3, 2022 Share Posted May 3, 2022 Here’s a break down on twitter of the accounts Link to comment Share on other sites More sharing options...
1867Heaven Posted May 3, 2022 Share Posted May 3, 2022 26 minutes ago, @owlstalk said: Glad to get them out of the way Whilst not great - they're also along the same lines as every other club Let's crack on now and get promoted! Exactly, they’re from a period where fans weren’t allowed in the ground… Link to comment Share on other sites More sharing options...
darklord Posted May 3, 2022 Share Posted May 3, 2022 Good that they are published in good time not months after they are due. 3 Link to comment Share on other sites More sharing options...
Animis Posted May 3, 2022 Share Posted May 3, 2022 In comparison, Stoke City posted a loss of nearly £56m in the 12 months up to the end of March last year. 8 1 Link to comment Share on other sites More sharing options...
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