Palace make £7m loss in 2016

[The Birdman]

Despite being in the FA Cup final and receiving £78 million in TV money (the Albion earned less than £6m in the Championship), our chums up the road still lost £140,000 a week last season. This would have been a much higher loss had it not been for the sales of Glenn Murray, Jack Hunt and Barry Bannon, which generated a profit of £9 million.

It highlights that small clubs in the Premier League still struggle to make money, even if they have a good cup run.

Their wage bill was higher than that of Premier League Champions Leicester City.

Palace generated over £100,000,000 in revenue last season, and of that, spent £109,000 on new cladding at Selhurst.

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did it show the cost of cleaning graffiti of the coach and plane.

 

[Hugo Rune]

Christ. If they get relegated, they are in big trouble, or should I say the people they'll owe money to will be in big trouble.

 

[El Presidente]

Christ. If they get relegated, they are in big trouble, or should I say the people they'll owe money to will be in big trouble.

They owed over £11 million to other clubs for transfer fees last summer.

 

[CPFC G]

£7m loss - Small beer compared to some.... What was it? £26m for you lot? or £70,000 a day

 

[Buzzer]

£7m loss - Small beer compared to some.... What was it? £26m for you lot? or £70,000 a day

But you guys can't run a surplus with a £100m turnover. Neither can you find it within yourselves to spend more than 0.1% of that turnover on infrastructure. That shows a spectacular level of financial spackwittery.

 

[5mins-from-amex]

So over nearly 4 seasons the investment in Selhurst from nearly £3-400m quid of income is £105K in cladding, improved floodlights, some bits and bobs for media gantrys etc.
Anything else ?

Light shows?

 

[LlcoolJ]

But you guys can't run a surplus with a £100m turnover. Neither can you find it within yourselves to spend more than 0.1% of that turnover on infrastructure. That shows a spectacular level of financial spackwittery.

This. There's no comparison to any team outside of the top division.

Wasn't the statement that, with the tv money now, it would be virtually impossible for a Premier League club to make a loss?

Hence the massive increase in foreign investment as people see the PL as a cash cow, provided the club in question is run even half decently.

Well done Palace! Once again managing to turn gold into shit. Those US investors must be really happy....

 

[DerekZoolander]

Whilst not really having a clue about football finances or any of that sort of guff. How on earth can any club, let alone the gimps up the road, lose money after being handed an absolute sh*tload of money, just for being there?

And what do they have to show for it, apart from a ridiculously expensive striker who has hardly set the world alight, an absolute toilet of a stadium and Sam f'ing Allardyce in charge.

I'm SO jealous of them being in the Premier League and not us.

 

[Ernest]

?

And what do they have to show for it, a.

A light show and T Shirt CANNON

 

[LlcoolJ]

It's like one of those lottery winners who somehow manage to end up skint a year or two after being handed £10m. Or David Haye.

Moral of the story, don't give thick, classless chavs money because they just blow it on crap and end up with nothing to show for it.

 

[Se20]

This. There's no comparison to any team outside of the top division.

Wasn't the statement that, with the tv money now, it would be virtually impossible for a Premier League club to make a loss?

Hence the massive increase in foreign investment as people see the PL as a cash cow, provided the club in question is run even half decently.

Well done Palace! Once again managing to turn gold into shit. Those US investors must be really happy....

What you fail to grasp is the gulf in money between the PL and the championship.
We paid out £70 mill on wages on a £100 mill turnover, you paid out £24 mill on wages on a £25 mill turnover.
Uncle Tone would give his right arm for a £5 mill loss a season.

 

[El Presidente]

This. There's no comparison to any team outside of the top division.

Wasn't the statement that, with the tv money now, it would be virtually impossible for a Premier League club to make a loss?

Hence the massive increase in foreign investment as people see the PL as a cash cow, provided the club in question is run even half decently.

Well done Palace! Once again managing to turn gold into shit. Those US investors must be really happy....

The Premier League being paved with profits is a myth. Research by a football finance DULLARD at some university or other has revealed that 15 Premier League clubs have to date reported their results for last season. Together those clubs generated revenue of just over £3 billion, paid out of wages of £1,609,000,000 (and cladding costs of £129,000), but managed to make a collective loss of over £89 million. Those losses were after taking into account profits of nearly a quarter of a billion on player sales.

 

[Weststander]

The CP loss is inconsequential compared to their income, and PL rivals.

Aston Villa's last filed accounts to May 15 show a loss of £57m
Sunderland to July 15 a loss of £25m

PL money soon disappears as players and agents stick their snouts in the trough, plus £m's are spent on sacking player management teams. Desperate purchases in January transfer windows by the likes of Allerdyce and others, augment accounting losses.

Clubs that did the sensible thing by making a profit (Newcastle, Hull and Burnley) were relegated in their financially profitable seasons.

 

[matbha]

Light shows?

T shirt cannons ?

 

[Arkwright]

How much cash is in the bank account? I don't really understand all the account entries but you can run at a loss and still have cash in bank / hand.

 

[Weststander]

One of the directors trousered £692,000 too...which is nice.

Comparable to PB's £578,000.

Not disimilar sized businesses in a way, if the freakishly high PL TV income element is put to one side.

 

[Weststander]

How much cash is in the bank account? I don't really understand all the account entries but you can run at a loss and still have cash in bank / hand.

Subsidies from owners. Same as the Albion with TB

 

[Arkwright]

Subsidies from owners. Same as the Albion with TB

Sorry, are you saying they have no money in the bank?

 

[Birdie Boy]

It's proceeds less book value of the registration.

Example: Sign a player for £20m on a four year contract, and sell him at end of year two for £14 million.

Gain in accounts is £14m less (20 x 2/4) = £4 million profit, even though it seems to be a loss of £6 million to fans.

And this doesn't take into account wages for those two years.

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[Birdie Boy]

The Premier League being paved with profits is a myth. Research by a football finance DULLARD at some university or other has revealed that 15 Premier League clubs have to date reported their results for last season. Together those clubs generated revenue of just over £3 billion, paid out of wages of £1,609,000,000 (and cladding costs of £129,000), but managed to make a collective loss of over £89 million. Those losses were after taking into account profits of nearly a quarter of a billion on player sales.

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That's another thing, one team pays £30m for a player and the selling team will make £10m profit. Yet they still lose money. Unreal.

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