Kmcalpin Posted February 2, 2022 Report Share Posted February 2, 2022 The AGM will be held on Monday 21st. Headline information and Jim McMahon's statement is available on the Offcial site https://www.motherwellfc.co.uk/2022/02/02/financial-results-for-year-ending-may-2021/ Considering the effects of the Pandemic what an amazing set of financial results. They don't even include all of David Turnbull's transfer fee - only the up front component and some add ons which have already been realised (appearances/goals?). We still have to be prudent though. Unlike most clubs, we also gave season ticket holders a very good deal when renewing last summer. We're fortunate to have responsible people running our club. So far, fan ownership has worked a treat. I hope that encourages more folk to join the Society. Quote Link to comment Share on other sites More sharing options...
weeyin Posted February 2, 2022 Report Share Posted February 2, 2022 Surprisingly (and impressively) good given the environment we were operating in. Quote Link to comment Share on other sites More sharing options...
Ya Bezzer! Posted February 2, 2022 Report Share Posted February 2, 2022 Money in the bank just in time for hyper inflation to roll on through! Quote Link to comment Share on other sites More sharing options...
maz Posted February 2, 2022 Report Share Posted February 2, 2022 Great to see everything's looking healthy on the financial front at the moment. Lack of fans due to Covid last season must have seen a huge sum of cash missed out on ticket sales. It was nice to see stadium improvements with the work continuing as the POD is getting new seats this Summer. I thought our position might have been more precarious as we ended up with a bloated squad last season, however we have paid undisclosed fees for Solholm, Efford, Slattery and Tierney which in normal circumstances we wouldn't likely have been able to do so hopefully those investments pay off. Massive credit to all at MFC. Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted February 2, 2022 Report Share Posted February 2, 2022 Be nice if the training ground / academy facility were to get off the ground. At least then the money would be invested in bricks and mortar, and add as a further attraction in attracting players, not to mention further developing our own. 1 Quote Link to comment Share on other sites More sharing options...
FirParkCornerExile Posted February 2, 2022 Report Share Posted February 2, 2022 2 hours ago, maz said: Great to see everything's looking healthy on the financial front at the moment. Lack of fans due to Covid last season must have seen a huge sum of cash missed out on ticket sales. It was nice to see stadium improvements with the work continuing as the POD is getting new seats this Summer. I thought our position might have been more precarious as we ended up with a bloated squad last season, however we have paid undisclosed fees for Solholm, Efford, Slattery and Tierney which in normal circumstances we wouldn't likely have been able to do so hopefully those investments pay off. Massive credit to all at MFC. the streaming subscription service is making good money for the diddy clubs. Doncaster said it had been vey lucrative. Its the kind of model theyd thought about doing when the TV deal was at risk and the clubs took fright and walked away from it. With a bit of luck its a bit of leverage against the piss poor deals sky have generally offered. 1 Quote Link to comment Share on other sites More sharing options...
weeyin Posted February 5, 2022 Report Share Posted February 5, 2022 Was reading through the accounts today and was interested in the revenue for our European games. Income from UEFA was £774,812 for our matches, plus another £210,000 from the UEFA solidarity payments - giving a total of £984,812. Our expenses for competing in the Europa League (travel & hotel costs) were £115,000. So our earnings from our short-lived campaign were £869,812. That's a decent return for the Betfred Cup Group stage alternative. 2 Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted February 5, 2022 Report Share Posted February 5, 2022 7 hours ago, weeyin said: Was reading through the accounts today and was interested in the revenue for our European games. Income from UEFA was £774,812 for our matches, plus another £210,000 from the UEFA solidarity payments - giving a total of £984,812. Our expenses for competing in the Europa League (travel & hotel costs) were £115,000. So our earnings from our short-lived campaign were £869,812. That's a decent return for the Betfred Cup Group stage alternative. Hopefully that will put to bed the idea that qualifying for Europe doesnt benefit the club. Much as I have enjoyed the re-introduction of group stages in the League Cup, Im getting a bit fed up seeing us play Annan, Morton, Stranraer and Edinburgh City! 1 Quote Link to comment Share on other sites More sharing options...
joewarkfanclub Posted February 5, 2022 Report Share Posted February 5, 2022 7 hours ago, weeyin said: Was reading through the accounts today and was interested in the revenue for our European games. Income from UEFA was £774,812 for our matches, plus another £210,000 from the UEFA solidarity payments - giving a total of £984,812. Our expenses for competing in the Europa League (travel & hotel costs) were £115,000. So our earnings from our short-lived campaign were £869,812. That's a decent return for the Betfred Cup Group stage alternative. How does that compare with our earnings due to league position? Cant be much in it surely? Quote Link to comment Share on other sites More sharing options...
StirlingDosser Posted February 5, 2022 Report Share Posted February 5, 2022 On 2/2/2022 at 4:18 PM, maz said: Great to see everything's looking healthy on the financial front at the moment. Lack of fans due to Covid last season must have seen a huge sum of cash missed out on ticket sales. It was nice to see stadium improvements with the work continuing as the POD is getting new seats this Summer. I thought our position might have been more precarious as we ended up with a bloated squad last season, however we have paid undisclosed fees for Solholm, Efford, Slattery and Tierney which in normal circumstances we wouldn't likely have been able to do so hopefully those investments pay off. Massive credit to all at MFC. Agreed. However I am surprised that the PoD is being renovated as opposed to looking at investing in a replacement. With the wooden decking and the facilities underneath holding the club back I'd be prioritising replacing it with something of similar design to the Cooper stand whcih wouldnt break the bank whilst allowing the club to maximise commercial operations at the stadium. That aside we have spoken about the training academy in the past, in fact I'm sure through thr MFC community trust detailed plans were put together a few years ago... Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 5, 2022 Author Report Share Posted February 5, 2022 1 hour ago, StirlingDosser said: Agreed. However I am surprised that the PoD is being renovated as opposed to looking at investing in a replacement. With the wooden decking and the facilities underneath holding the club back I'd be prioritising replacing it with something of similar design to the Cooper stand whcih wouldnt break the bank whilst allowing the club to maximise commercial operations at the stadium. At a very rough guess I think we'd be looking at £4-5m. Not sure what the refurbishment will involve - maybe replacing seating and a paint job? Quote Link to comment Share on other sites More sharing options...
Kmcalpin Posted February 5, 2022 Author Report Share Posted February 5, 2022 3 hours ago, joewarkfanclub said: How does that compare with our earnings due to league position? Cant be much in it surely? I'd guess slightly more than half of our league earnings. Quote Link to comment Share on other sites More sharing options...
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