Burnley make £22.2 million profit in 2016/17

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 4:12 pm

Accounts just released.

Despite being a mathematician, I'm no accountant but I know some on this message board will be able to comment on some matters a lot better than I can.

https://www.burnleyfootballclub.com/sit ... s-2017.pdf" onclick="window.open(this.href);return false;

9thMay1987 · Post by **9thMay1987** » Thu Mar 29, 2018 4:16 pm

Turnover up from £40m to £121M.
Profit £22M
Wages up from £38m to £61M.
Wonderful stuff and next year ever better!!

pushpinpussy · Post by **pushpinpussy** » Thu Mar 29, 2018 4:19 pm

Wages up from £38m to £61M.

that's a worry.

jlup1980 · Post by **jlup1980** » Thu Mar 29, 2018 4:21 pm

Interesting reading. It appears we're in good hands, but we knew that already!

The real positive will no doubt be seen in 12 months time when our next set of accounts come out. We've had another successful season, made a profit in the transfer market and received another years worth of TV money! I'd suggest we're now set up for the long term... maybe even as a PL club. There can't be many better examples of how to run a football club than ours!

UTC!

jurek · Post by **jurek** » Thu Mar 29, 2018 4:22 pm

Wages at 61m is still only 50% of turnover which seems pretty good
to me. Suspect not many clubs will be close to that.

Inchy · Post by **Inchy** » Thu Mar 29, 2018 4:22 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

Ok let’s go back to paying 38m in wages and see how we get on

jlup1980 · Post by **jlup1980** » Thu Mar 29, 2018 4:22 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

It's only a worry if we get relegated and we haven't put clauses in our players contracts to reduce their salaries accordingly. The way the Directors run the club leads me to believe we'd have such assurances in place.

Dyched · Post by **Dyched** » Thu Mar 29, 2018 4:23 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

So it begins

Sidney1st · Post by **Sidney1st** » Thu Mar 29, 2018 4:26 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

Whilst our wage bill is still one of the lower ones in the division it is most certainly not “the lowest” and
coupled with our player incentive schemes we believe we now have a wage structure capable of
attracting playing talent of a sufficient ability to vastly improve the chance of maintaining our place in
the top flight, compared to our previous attempts.

From the attached accounts.

UpTheBeehole · Post by **UpTheBeehole** » Thu Mar 29, 2018 4:27 pm

If I'm reading it right it's Pre-Keane sale

JohnMac · Post by **JohnMac** » Thu Mar 29, 2018 4:28 pm

I don't like the player demands within modern football but our wage increase demonstrates our progress and it's within a sensible % of turnover.

Don't think for one minute our club would ever risk the future for the present.

Blackrod · Post by **Blackrod** » Thu Mar 29, 2018 4:30 pm

To be profitable and sustain PL football really is something to be happy about. The relegation clauses on the contracts in respect of wages is key though.

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 4:32 pm

UpTheBeehole wrote:If I'm reading it right it's Pre-Keane sale

It is pre any of these

In: Charlie Taylor, Jonathan Walters, Jack Cork, Phil Bardsley, Adam Legzdins, Chris Wood and Aaron Lennon

Out: Rouwen Hennings, George Boyd, Michael Keane, Michael Kightly, Tendayi Darikwa and Andre Gray

KRBFC · Post by **KRBFC** » Thu Mar 29, 2018 4:34 pm

I'm not sure this would go down too well if we were currently bottom of the league, Dyche getting results has somewhat clouded the opinion on the way we're currently run.

Lancasterclaret · Post by **Lancasterclaret** » Thu Mar 29, 2018 4:39 pm

Remember we pay a lot of bonuses.

That will help explain the wage increases

boatshed bill · Post by **boatshed bill** » Thu Mar 29, 2018 4:39 pm

ClaretTony wrote:It is pre any of these

In: Charlie Taylor, Jonathan Walters, Jack Cork, Phil Bardsley, Adam Legzdins, Chris Wood and Aaron Lennon

Out: Rouwen Hennings, George Boyd, Michael Keane, Michael Kightly, Tendayi Darikwa and Andre Gray

And Lindegaard?

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 4:39 pm

KRBFC wrote:I'm not sure this would go down too well if we were currently bottom of the league, Dyche getting results has somewhat clouded the opinion on the way we're currently run.

What wouldn't go down too well - those accounts, as far as I can see, are showing how well the company is being tun.

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 4:39 pm

boatshed bill wrote:And Lindegaard?

Not mentioned

dsr · Post by **dsr** » Thu Mar 29, 2018 4:41 pm

KRBFC wrote:I'm not sure this would go down too well if we were currently bottom of the league, Dyche getting results has somewhat clouded the opinion on the way we're currently run.

Seems fair enough. Put another way: people think the club is being run well and they are happy. If the club was not being run well, they would not be happy.

West Brom have spent loads and made big losses - but I bet their fans still aren't happy!

KRBFC · Post by **KRBFC** » Thu Mar 29, 2018 4:41 pm

ClaretTony wrote:What wouldn't go down too well - those accounts, as far as I can see, are showing how well the company is being tun.

Dyche getting results and bringing home the bacon is making the owners look better, would we still be delighted if we were currently bottom of the league having made profit in the summer transfer window? It's hard to say but I don't think it would've gone down well.

quoonbeatz · Post by **quoonbeatz** » Thu Mar 29, 2018 4:42 pm

£22million in profit and debt free
7th in the premier league with one of the lower wage budgets
hugely successful manager on a long term contract
a squad full of international players
another freeze on season ticket prices

all without a sugar daddy throwing money at it or running up big debts.

i suspect most of us have never known things to be so good.

this club is absolutely bloody brilliant.

Sausage · Post by **Sausage** » Thu Mar 29, 2018 4:42 pm

jlup1980 wrote:It's only a worry if we get relegated and we haven't put clauses in our players contracts to reduce their salaries accordingly. The way the Directors run the club leads me to believe we'd have such assurances in place.

The assurance is right there in the Annual Report:

Stayingup · Post by **Stayingup** » Thu Mar 29, 2018 4:43 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

It isn't when your 7th in the Premier League.

7decades · Post by **7decades** » Thu Mar 29, 2018 4:44 pm

I'll match your £61m wages and raise it by my ranch.....

UpTheBeehole · Post by **UpTheBeehole** » Thu Mar 29, 2018 4:45 pm

The wage figure stated was for when we finished 16th.

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 4:45 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

Don't see how it can even be considered a worry when it is no more than 50% of turnover.

dsr · Post by **dsr** » Thu Mar 29, 2018 4:45 pm

KRBFC wrote:Dyche getting results and bringing home the bacon is making the owners look better, would we still be delighted if we were currently bottom of the league having made profit in the summer transfer window? It's hard to say but I don't think it would've gone down well.

You're right that if me auntie had ... (you get the gist).

The directors could have gone to Las Vegas and blown the lot on red when it came up black. We wouldn't have made profits, and you might have been happier. You can't be happy about making a profit an dbeing seventh in the league, because if we hadn't been seventh in the league we might have been bottom of the league? That's not "glass half full"; that's "my glass is empty, or it would be if I turned it upside down".

Dyched · Post by **Dyched** » Thu Mar 29, 2018 4:47 pm

KRBFC wrote:I'm not sure this would go down too well if we were currently bottom of the league, Dyche getting results has somewhat clouded the opinion on the way we're currently run.

Its been like that since Day 1. We can all applaud the board. But the simple fact is without Dyche and the success, this club would look very very different. The board appointed him so must get some credit but most of our off field success is down to his on field success.

KRBFC · Post by **KRBFC** » Thu Mar 29, 2018 4:48 pm

dsr wrote:You're right that if me auntie had ... (you get the gist).

The directors could have gone to Las Vegas and blown the lot on red when it came up black. We wouldn't have made profits, and you might have been happier. You can't be happy about making a profit an dbeing seventh in the league, because if we hadn't been seventh in the league we might have been bottom of the league? That's not "glass half full"; that's "my glass is empty, or it would be if I turned it upside down".

I'm delighted we're 7th in the league, I just made an observation. Would fans be happy the club we're making profit in the transfer windows if we weren't getting results?

quoonbeatz · Post by **quoonbeatz** » Thu Mar 29, 2018 4:48 pm

KRBFC wrote:Dyche getting results and bringing home the bacon is making the owners look better, would we still be delighted if we were currently bottom of the league having made profit in the summer transfer window? It's hard to say but I don't think it would've gone down well.

hard to give any kind of a toss about what hasn't happened though.

randomclaret2 · Post by **randomclaret2** » Thu Mar 29, 2018 4:49 pm

Wages at less than half of turnover a " worry "...give over

CrosspoolClarets · Post by **CrosspoolClarets** » Thu Mar 29, 2018 4:50 pm

Excellent. Well run is a given with BFC in 2018. Well done to all.

My only quibble is given these figures how it can be justified serving fans sub standard produce (e.g. the water of a brand I have never heard of in wafer thin bottles) at ridiculous prices.

So, we are superbly well run, the next step (which is what I advise organisations on for a living) is to turn efficiency and financial discipline into value for money, which should be the ultimate goal, whether it is a player for £20m, a pie for £1 or a new piece of equipment for £1,000. A value for money culture should run through the club from top to bottom, left to right. It is when you put the customer at the centre of everything you do. At the moment it seems only there in patches.

Still well done so far though.

KRBFC · Post by **KRBFC** » Thu Mar 29, 2018 4:50 pm

Dyched wrote:Its been like that since Day 1. We can all applaud the board. But the simple fact is without Dyche and the success, this club would look very very different. The board appointed him so must get some credit but most of our off field success is down to his on field success.

Yeah pretty much, it's also possible that Dyche decided to make profit in the transfer windows because he felt we had enough quality.

dsr · Post by **dsr** » Thu Mar 29, 2018 4:52 pm

KRBFC wrote:I'm delighted we're 7th in the league, I just made an observation. Would fans be happy the club we're making profit in the transfer windows if we weren't getting results?

Why is that relevant? Fans were happy two weeks ago that we beat West Ham 3-0. Would they have been happy if we had let a goal in and hadn't scored, so we lost 1-0? No. But we didn't, so it's irrelevant.

IanMcL · Post by **IanMcL** » Thu Mar 29, 2018 4:52 pm

Any reduction in salary would; of course, lead to a mass exodus and disruption to everything we hold dear.

However, as has been highlighted, we have a Board which has done it's best to secure the past, present and future for our pleasure. We have a manager we respect totally, a team which runs itself into the ground, for each other and the fans. We have success and the town has benefited hugely.

What's not to like?

Thank you all. Keep it up!

ElectroClaret · Post by **ElectroClaret** » Thu Mar 29, 2018 4:53 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

Bwhahahahahahahahahahaha!

Are you for bloody real?

Sidney1st · Post by **Sidney1st** » Thu Mar 29, 2018 4:53 pm

KRBFC wrote:I'm delighted we're 7th in the league, I just made an observation. Would fans be happy the club we're making profit in the transfer windows if we weren't getting results?

Valid point here.

When we went down last time and announced a profit some people on here, (or was it the other place?) weren't happy with that announcement.

No fans wouldn't be overly impressed if we were sat in WBA's position and performing like them, we know that much to be true

Dyched · Post by **Dyched** » Thu Mar 29, 2018 4:53 pm

KRBFC wrote:Yeah pretty much, it's also possible that Dyche decided to make profit in the transfer windows because he felt we had enough quality.

Yep. Exactly. Look at Keane and Gray to what we have in Tarks and Wood.

KRBFC · Post by **KRBFC** » Thu Mar 29, 2018 4:54 pm

CrosspoolClarets wrote:Excellent. Well run is a given with BFC in 2018. Well done to all.

My only quibble is given these figures how it can be justified serving fans sub standard produce (e.g. the water of a brand I have never heard of in wafer thin bottles) at ridiculous prices.

So, we are superbly well run, the next step (which is what I advise organisations on for a living) is to turn efficiency and financial discipline into value for money, which should be the ultimate goal, whether it is a player for £20m, a pie for £1 or a new piece of equipment for £1,000. A value for money culture should run through the club from top to bottom, left to right. At the moment it seems only there in patches.

Still well done so far though.

I wonder what % of our income is made up of ticket sales, I'd love for us to set the example in England, make football affordable for ALL again. It's crazy to me that big clubs like Arsenal charge over £1000 for a season ticket when they simply don't need to. A better approach would be cheaper tickets and a bigger stadium for a club like Arsenal, if they halved their prices on all season tickets but doubled the stadium capacity, I wonder how well they'd do attendance wise.

boatshed bill · Post by **boatshed bill** » Thu Mar 29, 2018 4:59 pm

ClaretTony wrote:Not mentioned

I suppose no fees involved.

It would be interesting to see how wages break down; not individually, but how wages are apportioned: first team. management, under 23's etc.

ClaretMoffitt · Post by **ClaretMoffitt** » Thu Mar 29, 2018 5:02 pm

pushpinpussy wrote:Wages up from £38m to £61M.

that's a worry.

Troll post if ever I seen one

ClaretTony · Post by **ClaretTony** » Thu Mar 29, 2018 5:06 pm

boatshed bill wrote:I suppose no fees involved.

It would be interesting to see how wages break down; not individually, but how wages are apportioned: first team. management, under 23's etc.

One upon a time they used to have to list any wages over a certain figure but that's a long time ago. It's all just in collective bucket now for the entire staff.

claptrappers_union · Post by **claptrappers_union** » Thu Mar 29, 2018 5:12 pm

I'm not worried about the wages because everyone is on the same boat, when Burnley go bump, I'd image a lot of clubs will have gone before us.

With he TV deal, this is the situation that clubs will be dealing with... give or take

8 goal a season striker - from £10m @ £30k p/w

Developing 20 goal a season striker - from £40m @ £60k p/w

Seasoned 20 goal a season striker - from £80m @ £120k p/w

World Class Celebrity Footballer - from £110m @£500k p/w

Decent Centre Back - from £30m @ £45k p/w

Experienced Centre Back to play 38 games - from £55m @ £70k p/w

claretandy · Post by **claretandy** » Thu Mar 29, 2018 5:18 pm

I would suspect £20m of the 61m would be incentive based payments for staying in the league plus league position.

Stayingup · Post by **Stayingup** » Thu Mar 29, 2018 5:21 pm

[quote="CrosspoolClarets"]Excellent. Well run is a given with BFC in 2018. Well done to all.

My only quibble is given these figures how it can be justified serving fans sub standard produce (e.g. the water of a brand I have never heard of in wafer thin bottles) at ridiculous prices.

So, we are superbly well run, the next step (which is what I advise organisations on for a living) is to turn efficiency and financial discipline into value for money, which should be the ultimate goal, whether it is a player for £20m, a pie for £1 or a new piece of equipment for £1,000. A value for money culture should run through the club from top to bottom, left to right. It is when you put the customer at the centre of everything you do. At the moment it seems only there in patches.

Still well done so far though.[/

I sat next to a bloke from London a couple of seasons back and he was gobsmacked at the price of a pie and a pint. Couldn't believe we could sell at such a low price. But of course that's only one instance of value for money.

DCWat · Post by **DCWat** » Thu Mar 29, 2018 5:26 pm

Sidney1st wrote:Valid point here.

When we went down last time and announced a profit some people on here, (or was it the other place?) weren't happy with that announcement.

No fans wouldn't be overly impressed if we were sat in WBA's position and performing like them, we know that much to be true

More a valid point in a few seasons.

We are building a safety net that will allow us to mitigate the impact of relegation. A sensible approach. As less is needed for that safety net, more can presumably be put towards signings and / or wages.

Small steady steps.

tim_noone · Post by **tim_noone** » Thu Mar 29, 2018 5:34 pm

KRBFC wrote:I wonder what % of our income is made up of ticket sales, I'd love for us to set the example in England, make football affordable for ALL again. It's crazy to me that big clubs like Arsenal charge over £1000 for a season ticket when they simply don't need to. A better approach would be cheaper tickets and a bigger stadium for a club like Arsenal, if they halved their prices on all season tickets but doubled the stadium capacity, I wonder how well they'd do attendance wise.

They currently get 60 thousand the leg room and seats are double the size of a lot of grounds.that ground could easily hold 100 thousand.if all seating was done away with.but that's another matter

Goody1975 · Post by **Goody1975** » Thu Mar 29, 2018 5:36 pm

Where's Royboyclaret then?

bfccrazy · Post by **bfccrazy** » Thu Mar 29, 2018 5:40 pm

KRBFC wrote:I wonder what % of our income is made up of ticket sales, I'd love for us to set the example in England, make football affordable for ALL again. It's crazy to me that big clubs like Arsenal charge over £1000 for a season ticket when they simply don't need to. A better approach would be cheaper tickets and a bigger stadium for a club like Arsenal, if they halved their prices on all season tickets but doubled the stadium capacity, I wonder how well they'd do attendance wise.

We do have VERY affordable football here - paid just over £400 for mine and nephews season ticket for this season (and next). That works out at about £10 each for an adult and a kid to go and watch a Prem game all season.

The Pie/Drinks argument is interesting above but it's not something you HAVE to buy........ within a football match context these things are "luxury items". I'll spend £3/4 at the shop down the road from the turf before a game and let my nephew pick up a bag of crisps and some sweets for the match as he'll get better value.

When we're in a rush and he wants a pie then it's my fault I didn't get him anything earlier so I pay a bit more.

SGr · Post by **SGr** » Thu Mar 29, 2018 5:46 pm

If we’re making £22.2m profit on the back of a season where we had a net spend of going on £40m, god knows how much we’ll be reporting this time next year