Not sure on amount but I'm sure when the deal first started it was well in our favour.
Dunno about that. Remember, the start point would be last years Annual Report - which forecast a shortfall of circa £14m this season. And that report would have been prepared taking into account revenue from Castore for example. Then there's the issue of the repayment of King's loan, which was due this month. I suspect the share issue funding will have gone in its entirety towards that.
Take it from me you are in for a shock. Our outgoings far exceed what comes in during the financial year. We have huge overheads the biggest being wages but the list is never ending. Insurance,yearly maintenance ,tax,VAT,security,gas/electric/water. That is the tip of the iceberg I can assure you.
There’s nothing in the post that’s different from any other financial year.
Are you the Ibrox bean counter?
Apart from Covid...
It won’t be a percentage of monies per strip, it will be targets and when targets are reached a payment is made or the percentage paid increases
which isn’t mentioned in his post……
I thought you were using the term 'in the post' to mean something that was coming down the line.
We did/do have insurance. Indeed last years Annual Report recorded that we’d had a payout and were negotiating for more (that was for the curtailed season).
No lol but I don’t think you can argue with my post
I didn’t say there was
Clubs tend to get between 10-15% of kit sales.
It's obviously a massive loss for the club but I don't think they would have budgeted for CL football this season in my opinion. Reaching the CL was never a guarantee so I'm sure the board would have had plans in place in case we didn't make it.
What a childish response.
Absolutely. It would have put us streets ahead of anyone in Scotland if we had qualified this season and then went on to win the league and qualify automatically for next season.
That is absolutely Crap I had a friend in the trade and the top end of fashion leisure ware profit was 500/600%, for us to only receive 10/15% is chicken feed.
I am not acting as if they are new I’m well aware they are yearly costs. Our incomings don’t cover our outgoings and with increased wages in the past financial year the gap will be even bigger. My reply was not childish in any way.
A lad I know said it was traditionally 8-10% and he works in that industry.
Would explain the pies turning to stone.
Keep in mind clubs receive a lump sum payment too.
Traditionally it’s between 7.5%-15%, though there are exceptions. Liverpool got an unusually good deal for example at 20%.
punditarena.com
At the start we had Business Interuption Insurance. In March 2020, when Covid began, we were anywhere from just starting or about to finish this annual Insurance. One thing you can be sure of , we don't have it now because our insurers will have pulled that policy on renewal (the Aberdeen owner complained that his new policy, due to start in April 2020, no longer included that part of the policy).
2p in the pound?
We get £3 million upfront each season which will bring the % received down.
I think my point is - The poster is making out we are gonna have huge losses and to “take it from him” but goes onto mention the usual costs of we have every season. Gas, Leckie tax vat etc.
Give it a week or two everyone on here might be giving you it tight, well said mate
It was but there is no way the club would have budgeted for even a second play off game, and never in a million years would we have budgeted for CL income.
To get that they’ve taken less up front from Nike, £30m as opposed to the £45m they got from New Balance.Traditionally it’s between 7.5%-15%, though there are exceptions. Liverpool got an unusually good deal for example at 20%.
Here's how much money Premier League clubs make from jersey sales
Shirt sales alone wouldn't be enough to fund a transfer, despite what reports and claims to the contrary. Clubs don't make as much as many believe.
