Club Accounts Published
Oxford United are pleased to release the club’s financial information for the year ended 30th June 2021, with accounts filed this morning.
www.oufc.co.uk
Club accounts published.
General Club Accounts Published
- Thread starter NC2U
- Start date
www.oufc.co.uk
Club accounts published.
Sarge
God like member
- Joined
- 6 Dec 2017
- Messages
- 54,860
No doubt opponents of Stratfield Brake will be all over the accounts (to June 2021) like a rash .....cherry picking 'stats' and figures out to suit their agendaClub Accounts Published
Oxford United are pleased to release the club’s financial information for the year ended 30th June 2021, with accounts filed this morning.
Club accounts published.
The loss can be used the other way as a reason for the development to support the long term financing of the club. The club will be ready for this as it isn't a surprise.
Sarge
God like member
- Joined
- 6 Dec 2017
- Messages
- 54,860
Wont deter kdw & co from manipulating the information....especially what they spout to Kidlington area residents
Orkney Islands Yellow
Well-known member
- Joined
- 13 Dec 2017
- Messages
- 6,919
Running a business at a loss isn't a crime but it's criminal to run out of cash. Thankfully the backers have a fair bit of that.
unification
Well-known member
- Joined
- 7 Dec 2017
- Messages
- 6,673
We have to look at these accounts in the exceptional circumstances in which they occurred. Oxford United's predominant revenue stream (aside from handouts from the board) is ticket sales. Turn that off as we had to during COVID and of course a big loss was going to hit the books. It would have taken a colossal shift of merchandise or a huge fee received for a player to turn this around.
I thought this line was interesting: 'We also in the year managed to pay off all third-party loans excluding shareholders'. I assume that this services some of our debt and should reduce future interest repayments. A football club can operate with debt as long as you can keep up with interest repayments, so good to keep these at bay.
Overall, I still think we're being well run and good of us to disclose the figures. If you want some context for how others spend, the Price of Football revealed on Monday that a third of all the combined losses in League 2 came from one club - Salford City.
I thought this line was interesting: 'We also in the year managed to pay off all third-party loans excluding shareholders'. I assume that this services some of our debt and should reduce future interest repayments. A football club can operate with debt as long as you can keep up with interest repayments, so good to keep these at bay.
Overall, I still think we're being well run and good of us to disclose the figures. If you want some context for how others spend, the Price of Football revealed on Monday that a third of all the combined losses in League 2 came from one club - Salford City.
OX14
Well-known member
- Joined
- 11 Aug 2019
- Messages
- 8,220
H
horseman
Guest
"Excluding Shareholder Loans" so yes these folk have propped the club up but what is the cost of these Loans anybody know?
OUFCGav
Well-known member
- Joined
- 6 Dec 2017
- Messages
- 2,319
The amount "owed to group undertakings" is £17,298,900
The doc is now up on Companies House website (can't link to doc directly, the link is a temporary one, but the page is https://find-and-update.company-information.service.gov.uk/company/00470509/filing-history)
To be fair it won't take more than 5 minutes to prove that to be nonsense.
H
horseman
Guest
So with Monies in Bank reported at around £150k the above Debt figure must be way above that by now.
theWizard
Active member
- Joined
- 20 Aug 2021
- Messages
- 243
My take, for what it is worth...
The Profit and Loss Reserve over the five year period decreased by £ 8,007,682
2016 at £(13,225,060)
2021 at £(21,232,742)
During this time we have see many ups and downs (within the club's control)
2015-16 finished 2nd in division two
21 February 2018 - Sumrith Thanakarnjanasuth appointed
14 November 2019 - Oxford Utd took over the lease for the Training Ground which is now a wonderful community asset
2019-20 quarter final run in the League Cup
Three league one playoff seasons (hopefully)
a definite increase in squad strength and depth
Also... (not within the club's control)
Coronavirus - destroyed almost an entire year's worth of match day ticket revenue, sponsorship and shirt sales
and Uncle Firoz' Rent at £1m p.a (not to mention not having access to selling pies and teas!)
In Summary..
I actually think it's fantastic going! And I believe the underlying figures clearly illustrate that.
I'm convinced that a future away from the Kassam Stadium will unlock a hugely positive future the club and county!
The Profit and Loss Reserve over the five year period decreased by £ 8,007,682
2016 at £(13,225,060)
2021 at £(21,232,742)
During this time we have see many ups and downs (within the club's control)
2015-16 finished 2nd in division two
21 February 2018 - Sumrith Thanakarnjanasuth appointed
14 November 2019 - Oxford Utd took over the lease for the Training Ground which is now a wonderful community asset
2019-20 quarter final run in the League Cup
Three league one playoff seasons (hopefully)
a definite increase in squad strength and depth
Also... (not within the club's control)
Coronavirus - destroyed almost an entire year's worth of match day ticket revenue, sponsorship and shirt sales
and Uncle Firoz' Rent at £1m p.a (not to mention not having access to selling pies and teas!)
In Summary..
I actually think it's fantastic going! And I believe the underlying figures clearly illustrate that.
I'm convinced that a future away from the Kassam Stadium will unlock a hugely positive future the club and county!
Sarge
God like member
- Joined
- 6 Dec 2017
- Messages
- 54,860
indeed it will
battman
Well-known member
- Joined
- 10 Dec 2017
- Messages
- 2,259
I think they're usually interest-free loans that wouldn't have to be paid back until after the shareholder leaves the club.
Essexyellows
Well-known member
- Joined
- 7 Dec 2017
- Messages
- 17,249
Everton lost a mere £100 million in the same timeframe......
MJB
Well-known member
- Joined
- 6 Dec 2017
- Messages
- 7,884
Well they DEFINITELY aren’t allowed a new stadium then.
