Ownership Investment



Not buying the 15.1m supposed 'All debt' mind.

We have assets and the sale of one player could squash that in a oner.

We're trying to go down the route of sustainability and while that is a priority we're not gonna spend big on making the necessary improvements.

The desire to buy young players on their way up in the hope that you unearth gems is all good and well but if you're looking too far into what X might me worth in 3 years time you're very much taking your eye off the here and now.

There's merits to both clubs approaches. We're looking at slow and steady over a 5 year period and Ipswich are more trying to fast track that by speculating to accumulate in the hope that they reach the promised land and then they easily clear what they've spent and turn a tidy profit.
 
citybythesea said:
The ignored uncomfortable truth is we don’t even break even!
Annual losses year on year
Constantly changing the management over the years has been extremely expensive. The debt has became a millstone around the club’s neck
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I think that’s because we’d not make a significant sale at the last set of accounts. I suspect this coming year we may have made a profit with the Stewart sale. And no doubt the following year will be the same when Clarke (and 1 or 2 others) are also sold in the summer.

These first few years of “the model” have been about accumulating the right type of players which does have initial costs associated, we’re now at the point where we should start to turn regular healthy profits imo
 
Binxy said:
£15m for a football club is peanuts man.
When we sell Jack Clarke we'll be in the black.
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Problem is a lot of fans will expect to see every penny of the clarke (or whoever) sale to be spent on new players, and will call for the kld and speakmans head (again) when it doesn't happen. But from a business standpoint we can't spend every penny earned on new players, it would be massively irresponsible
 
sb022x1030 said:
Problem is a lot of fans will expect to see every penny of the clarke (or whoever) sale to be spent on new players, and will call for the kld and speakmans head (again) when it doesn't happen. But from a business standpoint we can't spend every penny earned on new players, it would be massively irresponsible
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The issue is that the majority of owners initially inject funding as equity into the company (rightly or wrongly, that’s how the majority of owners do things). Here we have had little equity (eventually KLD will have not put any of his own money in).
 
Sam Handwich said:
If we aren't breaking even with our piss poor wage structure, massive, massive crowds, and all the TV revenue, then how the hell are other clubs surviving in this league.
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They have less infrastructure than we do (like Huddersfield and Rotherham) or they get equity injections (like Stoke and Norwich) from their owners or they accumulate larger debt (which gets relieved at club purchase like WBA will have or Birmingham did)
 
citybythesea said:
www.sunderlandecho.com

Championship news: Sunderland release accounts and reveal big rise in turnover but loss of £5.1m

Sunderland AFC has today released its accounts for the period covering last season – with a big rise in turnover reported but an overall loss of £5.1m during that period.
www.sunderlandecho.com www.sunderlandecho.com
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That accounting period covered our last season in L1 where turnover was £26.1m, crowds were sub-30k and we went out of the FA Cup in round 1. What do the accounts for year ending 31 July 2023 show when crowds were 40k and we were on TV every other game?
 

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