June 2020 accounts

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15 Mar 2010
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Jason Koumas / John Morrissey
The accounts for the year to 30 June 2020 have been published at Companies House and are attached.

A few of the headline stories are:

The club made an operating loss of £700k in the year, but a profit of £500k was anticipated had it not been for the impact of Covid.

The second tranche of the Indonesian investment totalling £3.5 million was received in April 2020. This investment was used in part for the pitch renovation, and also to increase the wage budget by £500k in January 2020, which explains why our recruitment in that window was so much better than the previous summer (Mellon was unfairly blamed for this by many at the time). I would imagine the new investment largely explains why we have such a competitive squad this season.

The ground was revalued during the year which, combined with the external investment, resulted in an improvement in the net assets position to £19.6 million, which must surely be the strongest balance sheet the club has ever had.

The Riverhill is to be sold for property development and the proceeds used to repay the club's remaining third party debt.


It is worth bearing in mind that now there are external shareholders who have made a substantial investment, the pressure for success on the pitch, and for the investors to see a tangible return for the capital they have provided, will have increased not decreased. MP has to look over his shoulder and consider the wishes of the Indonesians when making decisions such as managerial hirings and firings.
 

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  • Tranmere accounts.pdf
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Ian

Super White!
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Aldo
Thanks RLC. I hadn’t realised the overseas investment was that substantial. Interesting point about the added pressure this season.
 
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bigmart

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Ian Muir
Certainly a lot healthier set of results
 
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1 Oct 2005
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Alan King, Barry Dyson
The accounts for the year to 30 June 2020 have been published at Companies House and are attached.

A few of the headline stories are:

The club made an operating loss of £700k in the year, but a profit of £500k was anticipated had it not been for the impact of Covid.

The second tranche of the Indonesian investment totalling £3.5 million was received in April 2020. This investment was used in part for the pitch renovation, and also to increase the wage budget by £500k in January 2020, which explains why our recruitment in that window was so much better than the previous summer (Mellon was unfairly blamed for this by many at the time). I would imagine the new investment largely explains why we have such a competitive squad this season.

The ground was revalued during the year which, combined with the external investment, resulted in an improvement in the net assets position to £19.6 million, which must surely be the strongest balance sheet the club has ever had.

The Riverhill is to be sold for property development and the proceeds used to repay the club's remaining third party debt.


It is worth bearing in mind that now there are external shareholders who have made a substantial investment, the pressure for success on the pitch, and for the investors to see a tangible return for the capital they have provided, will have increased not decreased. MP has to look over his shoulder and consider the wishes of the Indonesians when making decisions such as managerial hirings and firings.
Thanks,RLC, for notifying us and for the insightful analysis.
 
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