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Posted

https://www.leicestermercury.co.uk/sport/football/football-news/revealed-huge-cost-leicester-city-5037016

 

Leicester City will have lost almost £15m this season due to the pandemic keeping fans out of grounds.

Boris Johnson announced the road map out of lockdown on Monday, with fans earmarked to return to grounds on May 17.

That’s just in time for the last round of Premier League matches, and the EFL playoffs.

For at least half the clubs in the top flight then - and as near as makes no difference for the other half - 2020/21 has been an entire season without match day income.


That will result in a combined loss of £693.7m for current Premier League clubs, according to their 2018/19 accounts which are the latest available from when fans could attend all matches.

It’s also a £112.8m loss for clubs currently in the Championship.

 

That’s a combined total of £806.5m lost in gate receipts by clubs in the top two divisions of English football.

Leicester earned £14.7m in matchday income the last time they were allowed fans in the ground for a whole season.

That’s some way off being the highest amount brought in through the turnstiles, with Manchester United topping the list with £110.8m, followed by Arsenal with £96.2m.


Premier League sides have huge amounts of broadcast income to soften the blow though, unlike Championship sides.

Matchday income makes up large proportions of turnover at some clubs in the second tier of English football.

 

This section below is available as an adaptable table in the articles showing financial results from 2015/16 to 2018/19 

For example Player wages have risen from £80.4 to £149.5 between those dates.

Quote

 

Football Finance
Select a team to see their financial results.
LEICESTER CITY

Leicester City's finances in 2016/17
Pre-tax profit (or loss)
£92.5m
2015/16
2016/17
2017/18
2018/19
Turnover: £233.0m    Matchday: £16.5m
Wages: £112.6m    Broadcast: £190.8m
Wage-income: 48%    Commercial: £25.7m
TURNOVER ACROSS ALL SEASONS
£mSeason
15/1616/1717/1818/19125150175200225250
How Leicester City compares
TURNOVER COMPARED AGAINST OTHER CLUBS
£mClubs
Man utdMan cityArsenalLiverpoolChelseaTottenhamLeicesterWest hamSouthamptonEvertonCrystal palaceWest bromBournemouthStokeSwanseaWatfordSunderlandMiddlesbroughBurnleyHull city0100200300400500600

 

 

 

Luton’s matchday income in 2018/19 made up 67% of their turnover.

For Barnsley it was 47%, for Millwall 31%, Nottingham Forest 30%, Norwich 29%, Sheffield United 28%, and Preston North End 26%.

 

 

 

Posted
6 minutes ago, davieG said:

https://www.leicestermercury.co.uk/sport/football/football-news/revealed-huge-cost-leicester-city-5037016

 

Leicester City will have lost almost £15m this season due to the pandemic keeping fans out of grounds.

Boris Johnson announced the road map out of lockdown on Monday, with fans earmarked to return to grounds on May 17.

That’s just in time for the last round of Premier League matches, and the EFL playoffs.

For at least half the clubs in the top flight then - and as near as makes no difference for the other half - 2020/21 has been an entire season without match day income.


That will result in a combined loss of £693.7m for current Premier League clubs, according to their 2018/19 accounts which are the latest available from when fans could attend all matches.

It’s also a £112.8m loss for clubs currently in the Championship.

 

That’s a combined total of £806.5m lost in gate receipts by clubs in the top two divisions of English football.

Leicester earned £14.7m in matchday income the last time they were allowed fans in the ground for a whole season.

That’s some way off being the highest amount brought in through the turnstiles, with Manchester United topping the list with £110.8m, followed by Arsenal with £96.2m.


Premier League sides have huge amounts of broadcast income to soften the blow though, unlike Championship sides.

Matchday income makes up large proportions of turnover at some clubs in the second tier of English football.

 

This section below is available as an adaptable table in the articles showing financial results from 2015/16 to 2018/19 

For example Player wages have risen from £80.4 to £149.5 between those dates.

 

 

Luton’s matchday income in 2018/19 made up 67% of their turnover.

For Barnsley it was 47%, for Millwall 31%, Nottingham Forest 30%, Norwich 29%, Sheffield United 28%, and Preston North End 26%.

 

 

 

For a Premier League club £15 million quid is peanuts, we probably saved more than that by getting rid of Silva, Slimani, Gray and Ghezzal. 
I’d also add this is an incomplete assumption based on a surface level of understanding. To say because the club earned £14.7 million in match day revenue last season means they have lost £14.7 million this year is plain wrong and based on a lot of assumptions and not taking into account the costs it takes to run a match day - from

food and drink, to the employees, the policing the list goes on. 
We undoubtedly would have lost some money, as would every club in the country, but this article is poorly written by someone with zero understanding of how profit and loss work. 

  • Like 4
Posted
4 minutes ago, Aus Fox said:

For a Premier League club £15 million quid is peanuts, we probably saved more than that by getting rid of Silva, Slimani, Gray and Ghezzal. 
I’d also add this is an incomplete assumption based on a surface level of understanding. To say because the club earned £14.7 million in match day revenue last season means they have lost £14.7 million this year is plain wrong and based on a lot of assumptions and not taking into account the costs it takes to run a match day - from

food and drink, to the employees, the policing the list goes on. 
We undoubtedly would have lost some money, as would every club in the country, but this article is poorly written by someone with zero understanding of how profit and loss work. 

We're going to have lost far more than £15m, this article is so ridiculous. It's taking one single figure and suggesting that's all we've lost. 

 

The cost of the premier league sky rebate alone for last season cost us £15m (payable next year), let alone the cost of the foreign rebates, and all the rebates for this season. Loss of sponsorship, rebates to current sponsors, loss of match day sales, shirt sales, corporate. No off the field stuff with functions, parties etc. 

 

The list of potential areas for loss goes on and on and so will the list of people wanting money back for not getting what they originally agreed. 

 

Doing well in the league, the FA Cup and Europe is imperative to lessen the damage, and finally being in a position to shed so much dead wood through the season and in the summer should thankfully help out

 

 

  • Like 2
Guest Chocolate Teapot
Posted
36 minutes ago, Babylon said:

We're going to have lost far more than £15m, this article is so ridiculous. It's taking one single figure and suggesting that's all we've lost. 

 

The cost of the premier league sky rebate alone for last season cost us £15m (payable next year), let alone the cost of the foreign rebates, and all the rebates for this season. Loss of sponsorship, rebates to current sponsors, loss of match day sales, shirt sales, corporate. No off the field stuff with functions, parties etc. 

 

The list of potential areas for loss goes on and on and so will the list of people wanting money back for not getting what they originally agreed. 

 

Doing well in the league, the FA Cup and Europe is imperative to lessen the damage, and finally being in a position to shed so much dead wood through the season and in the summer should thankfully help out

 

 

You're right on the rebate for match day income alone. However i think you're wrong on the sponsorship - that won't be the doomsday scenario you paint, more people in front of TV, betting income, more exposure in Europe etc.... our commercial department have been really ramping stuff up, doubt we'll have lost as much income as you describe on that as our exposure has grown. Demand for football has actually grown as its about the only thing you can do so there's still commercial revenue out there. From what I hear the club aren't exactly begging for more sponsorship which would indicate to me they're doing alright.

 

We also made more money year on year from our league position and Europe qualifications which could be worth anywhere near 15-30m. Itll be interesting to see where it ends up - people are making out like we're skint but we're actually positioned more favourably than other clubs, a club on the up with a relatively small amount if their income coming through match day revenue versus a club like spurs or man utd who make circa 40m on match day income and in one if those cases didn't make the champions league. 

 

Add to that we've got some high earners off the wage bill.

 

It'll be interesting to see when the accounts come up, they won't be great but in terms of relative positioning vs other clubs I think we'll be more favourable.

 

 

Posted

I wonder if the championship could delay some midweek matches and extend the season slightly so they get a couple of attended games and get some money in? 

  • Like 1
Posted

If all League games are NOW being shown live in the UK, then surely there must be additional pitch-side advertising revenue being earned?    Outside of the UK where they were scheduled to be shown anyway, fair enough no additional product exposure generated.

 

In theory perimeter adverts must be in the faces of fans more often and longer in the UK, particularly in a lock-down scenario?  

Guest Chocolate Teapot
Posted
8 minutes ago, mozartfox said:

If all League games are NOW being shown live in the UK, then surely there must be additional pitch-side advertising revenue being earned?    Outside of the UK where they were scheduled to be shown anyway, fair enough no additional product exposure generated.

 

In theory perimeter adverts must be in the faces of fans more often and longer in the UK, particularly in a lock-down scenario?  

Clubs are asking for higher revenue as they know they have a captive audience. The doom merchants don't seem to recognise this.

Posted
2 hours ago, davieG said:

https://www.leicestermercury.co.uk/sport/football/football-news/revealed-huge-cost-leicester-city-5037016

 

Leicester City will have lost almost £15m this season due to the pandemic keeping fans out of grounds.

Boris Johnson announced the road map out of lockdown on Monday, with fans earmarked to return to grounds on May 17.

That’s just in time for the last round of Premier League matches, and the EFL playoffs.

For at least half the clubs in the top flight then - and as near as makes no difference for the other half - 2020/21 has been an entire season without match day income.


That will result in a combined loss of £693.7m for current Premier League clubs, according to their 2018/19 accounts which are the latest available from when fans could attend all matches.

It’s also a £112.8m loss for clubs currently in the Championship.

 

That’s a combined total of £806.5m lost in gate receipts by clubs in the top two divisions of English football.

Leicester earned £14.7m in matchday income the last time they were allowed fans in the ground for a whole season.

That’s some way off being the highest amount brought in through the turnstiles, with Manchester United topping the list with £110.8m, followed by Arsenal with £96.2m.


Premier League sides have huge amounts of broadcast income to soften the blow though, unlike Championship sides.

Matchday income makes up large proportions of turnover at some clubs in the second tier of English football.

 

This section below is available as an adaptable table in the articles showing financial results from 2015/16 to 2018/19 

For example Player wages have risen from £80.4 to £149.5 between those dates.

 

 

Luton’s matchday income in 2018/19 made up 67% of their turnover.

For Barnsley it was 47%, for Millwall 31%, Nottingham Forest 30%, Norwich 29%, Sheffield United 28%, and Preston North End 26%.

 

 

 

I don't know whether it's because of TV broadcasting contracts but the thing I've felt is the biggest shame is clubs haven't been able to build their own broadcasting platforms over the last year. It was a good chance to really build something away from the financial powerbrokers in the game. They could have even used existing platforms (TWITCH, YOUTUBE etc) and created patreon accounts that offered bonuses. For a LOT of the smaller clubs (and even ourselves) it would have been a pretty cheap set up and small-ish operational costs and could have covered some of those losses. It would have also provided access to ALL games (live or in VODs), something that was sort of murmured about but never materialized.   

Posted
3 minutes ago, Hoopla10 said:

I don't know whether it's because of TV broadcasting contracts but the thing I've felt is the biggest shame is clubs haven't been able to build their own broadcasting platforms over the last year. It was a good chance to really build something away from the financial powerbrokers in the game. They could have even used existing platforms (TWITCH, YOUTUBE etc) and created patreon accounts that offered bonuses. For a LOT of the smaller clubs (and even ourselves) it would have been a pretty cheap set up and small-ish operational costs and could have covered some of those losses. It would have also provided access to ALL games (live or in VODs), something that was sort of murmured about but never materialized.   

Be careful of what you wish for. Imagine Liverpool and Man U having 10 times more subscribers than us and therefore 10 times the income. Wouldn't make for a competitive league. 

  • Like 1
Posted
11 minutes ago, Webbo said:

Be careful of what you wish for. Imagine Liverpool and Man U having 10 times more subscribers than us and therefore 10 times the income. Wouldn't make for a competitive league. 

Good point. Football (certainly the PL) at times feels like it's this accelerated capitalist venture and it'll be nice (if naive) to seek a better way of bringing it back to the fans. We're already in a situation where we earn 14.7 mil and ManU earned 110mil through match day turnstiles.  

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