Ftao Archerfield SWFC accounts now published

Discussion in 'Bulletin Board' started by Jack Tatty, Jul 6, 2021.

  1. Jack Tatty

    Jack Tatty Well-Known Member

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    Apparently Sheffield Wednesday have published their accounts (stop laughing).

    Do you have the breakdown of it all and could you explain it in simplistic terms to us less numerically skilled?

    Thanks


     
    Last edited: Jul 6, 2021
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  2. Hooky feller

    Hooky feller Well-Known Member

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    Some people call it layman’s language. For myself. Idiot language please.
    Bear in mind they are the accounts ending March 2020.
     
  3. Jack Tatty

    Jack Tatty Well-Known Member

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    From what i can make of that myself i think they made a loss of about £24million for the year ending 19/20.

    Please correct me if this is wrong.
     
    Last edited: Jul 6, 2021
  4. LiverpoolRed

    LiverpoolRed Well-Known Member

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    Can we just have the big number with the minus in front of it - will also accept the number highlighted in red! We could turn it into the price is right -32 million is my guess
     
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  5. ley

    leythtyke Well-Known Member

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    I think the summary is that they’ve lost a bucketload of money, mostly on players’ wages and if Chansiri runs out of cash they’ll be sailing down the creek without a paddle
     
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  6. BarnsleyReds

    BarnsleyReds Well-Known Member

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  7. Jack Tatty

    Jack Tatty Well-Known Member

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    Screenshot_20210706-162516_Chrome.jpg 20210706_162626.jpg
     
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  8. TitusMagee

    TitusMagee Well-Known Member

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    accumulated losses of pushing £100 million... jesus what a total mess they're in.
     
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  9. matoakwell

    matoakwell Well-Known Member

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    Suggestions that the rolling 3 year ffp loss is over 40 million and that includes the 19 million "profit" in the last accounts which included the ground sale.
     
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  10. wak

    wakeyred Well-Known Member

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  11. Jack Tatty

    Jack Tatty Well-Known Member

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    If so is that a points deduction?
     
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  12. matoakwell

    matoakwell Well-Known Member

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    Should be. Isn't the limit 37?
     
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  13. Deafening Silence

    Deafening Silence Well-Known Member

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    5 games. Let's say they had 10,000 non season ticket holders in at 20 quid a ticket to allow for concessions... I make that about £1,000,000 and I reckon 10,000 non season ticket holders is generous.
    Plus take into account that they have saved on SYP, I'm pretty sure £1.9million is a MASSIVE exaggeration.
     
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  14. BarnsleyReds

    BarnsleyReds Well-Known Member

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    Limit is 39, but not sure if it applies to League 1
     
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  15. Deafening Silence

    Deafening Silence Well-Known Member

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    There's no FFP in League One.
    Just Profit and Sustainability Rules.
     
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  16. Old Goat

    Old Goat Well-Known Member

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    I have a vague memory of @Red Rain saying something about L1 rules being tougher than the Championship rules. But I could be getting that wrong...?
     
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  17. Jack Tatty

    Jack Tatty Well-Known Member

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    They could make some money by selling some of their assets. Ground,training ground,good quality young players etc

    Oh wait.......
     
  18. CarltonRed

    CarltonRed Well-Known Member

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    What was the headline the other week on Football Heaven? “Will the last one out of Barnsley FC please turn off the lights?” “Will the last one out of Hillsborough please blow out the candle?”
     
  19. Tyke_67

    Tyke_67 Well-Known Member

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    They spent a lot of money. More than they can afford and they're in the ****. They're also in League 1 :)
     
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  20. Deafening Silence

    Deafening Silence Well-Known Member

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