2024/5 - Accounts

The Second Uggla Year - OlLdham Play Off Misery

City’s financial accounts for 2024/5 (12 months to June 30, 20245 were filed on March 31th 2026. City were one of the last clubs to file their accounts. Essentially the year covers the second year of the Ugglas tenure which ended with the Oldham play off defeat.

2024/5 Accounts - numbers and thoughts

City’s headline figure was a reported profit of £432,877 (calculated as the difference between the current “profit and loss reserve“ and the figure from a year earlier). It does not include "donations", however, 394 Sports, the Ugglas holding company reported a loss of £2,131,489 (similar to a year earlier), again accounts don't allow any further breakdown. I'll leave to to put 2 and 2 together to see City's possible overspend (and that is ignoring any Ford family input). XXXXXXXXXXXXXX Note, a later Kieran Maguire tweet noted £140k loss.


Beyond that, there is very little information other than other that the number of employees dropped to 68 (from 69) .

Again, there is no mention of turnover. It is likely to be broadly in the line with recent seasons (say a small increase in gate receipts and a small drop in broadcast revenue (the televised Wigan FA Cup gam was a year earlier). Note, the most recent stated turnover figure was £3.847m from 2022/3.

Whilst no breakdown of income is available, it could be assumed that gate / season ticket receipts were about £2m. Stewarding costs and LNER rent will possibly account for about 20% of that, travel to away games could have accounted for another 10%.

A pity that there's no profit or loss account but that’s normal for small businesses, without it, it is impossible to see what, if any, donations the owners made.

Salient points include:

  • The use of several fluffy words like "assumed", “likely” and “could". These are used to indicate the lack of clarity and detail in the accounts, a feature of accounts of many companies far bigger than York City
  • Don’t shoot the messenger, these are the words a non accountant but a numerate person.

Further information can be gleamed from accounts filed at Companies House for YCFC, Bootham Crescent Holdings and York Stadium Management Company.

2024/5 YCFC Accounts

2024/5 394 Sports Accounts

20+ Years Of City Accounts

TO DO TO DO York Press - YCFC 2023/4 - accounts review

Elsewhere

Elsewhere in the 2024/5 financial reporting period:

  • Carlisle (relegated from L2) lost £5.1m
  • Plymouth (relegated from The Championship) lost £18m
  • Oxford (Championship) lost £17.479m
  • Blackpool (L1) lost £4.3m
  • Rotherham (L1) lost £4.65m
  • Exeter (L1) made £350k but would have lost £4.5m without exceptional items
  • Newport (L2) lost £760k
  • Harrogate (L2) Pre Tax Losses £2.2m (Revenue £4.1m (+32% FA Cup run), Wages £3.5m (-2%), (mainly due to job losses), Player Sale Profits £142k (-73%), Player Purchases £61k)) making £10.2m total losses over the years
  • Bradford City (promoted from L2) made a £2.99m loss despite an average 17,760 crowd
  • Fleetwood (L2) lost £5,859,521 taking total losses to £46 million over the years
  • Rochdale (first season in National League) lost £1.87m

Premier League wage inflation has filtered down to all levels of the game.

About the only way to make a profit is to buy small and sell big, or rely on the owner’s ongoing generosity.