Such was the demand that 35,000 shirts have been ordered for next season.Īlso likely to be on the rise is sponsorship and advertising, albeit not by too much due to the two-year deals that were signed with blue chip sponsors such as TikTok, Expedia and Aviation American Gin back in the summer of 2021 - and way before the impact of the documentary could be known. Retail sales will also reflect how the club sold out their entire order of 24,000 team shirts by the turn of the year. Matchday income, responsible for 45 per cent of last season’s total revenue, is likely to be up thanks to the ‘sold out’ signs regularly being posted at the Racecourse, not least because admission prices were raised last summer. Happily, turnover is also likely to be up significantly from those record figures of 2021-22. Other costs will have risen amid the cost of living crisis, including energy bills. In the financial year to June 30, 2022, the interest charged was £43,679. This means the interest on the loans being paid currently is 7.25 per cent. At three per cent over the Bank of England base rate, which at the moment stands at 4.25 per cent. Does the club pay interest on the £3.7million in loans from the owners? Had promotion been achieved last season, the club would have been liable for an additional £250,676 under the terms of those transfer deals, the extra payments being due to both the players involved and the selling clubs.Īmid such big numbers, perhaps the most reassuring aspect for supporters is that Reynolds and McElhenney consider themselves to be only getting started “in this wonderful place we have taken to our hearts”. The club’s record transfer fee was broken when Ollie Palmer joined from AFC Wimbledon in the January window for £300,000. Staff numbers across the club rose from 80 to 195.ĭelving a little deeper into the accounts, Wrexham spent £1.2million on players during the financial year, a sum that includes transfer fees and agent fees (up from just £10,000 in 2020-21). It is understood this figure rose further during the final few months of last season due to a couple of players negotiating new contracts, leaving the club with a wage bill of £2.5million. However, episode 11 of Welcome to Wrexham features Shaun Harvey, the advisor to the board, telling McElhenney the additions in the 2022 January transfer window will push the annual wage bill to “around £2.3 million”. Wrexham’s directors opted not to include a full profit and loss breakdown in the accounts, so a definitive wage bill figure is unavailable. Paul Mullin has fired Wrexham to a record-setting amount of goals (Photo: Peter Byrne/PA Images via Getty Images) All were substantial rises on the 2020-21 campaign, which saw the gates to the Racecourse remain closed throughout due to COVID-19 restrictions. Sponsorship and advertising also brought in £1.05m. What are the headline figures?Īpart from the already mentioned annual loss of £2.9million and £6m in turnover, you mean? Well, breaking down that revenue figure, matchday income accounted for £2.65m in 2021-22 and retail income £1.3m. Not included in this accounting period is the impact caused by the Welcome to Wrexham documentary, which first aired on Disney+ in the UK and FX in the United States during the autumn of 2022. Included in this financial period is the purchase of the Racecourse Ground in a £2million deal from Wrexham Glyndwr University, meaning the club owned its home for the first time since August 2011. This was a campaign that saw Wrexham finish as runners-up behind Stockport County.ĭefeat to Grimsby Town in the play-offs meant there was no fairytale ending to the Hollywood owners’ first full year. The latest accounts cover the year to Jso, basically, the first full season with Reynolds and McElhenney at the helm. National League promotion explained: Wrexham beat Notts County in title showdown - when can they go up?.Ryan Reynolds calls for multiple National League automatic promotion spots after Wrexham win over Notts County.The story of Wrexham’s epic 3-2 win over Notts County – told by people who were there.So, The Athletic has taken a deep dive into the club’s accounts to answer some of the most pressing questions… including whether promotion to the EFL and being subject to the League Two spending restrictions in 2023-24 will mean a need to rein in the spending. Another £1.2million was invested in the form of shares. McReynolds Company LLC, had loaned the club £3.67million, primarily to fund the purchase of the freehold to the Racecourse Ground. The figures also reveal how the joint owners, via The R.R. These soaring income levels, however, couldn’t prevent Wrexham from posting a loss of £2.9million, much of which was down to a hike in player wages and football costs as the club chased promotion to the EFL.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |