Rotherham United made loss of £27,000 a week in 2017/18 pre player trading. Profit of £790k on player sales (possible sell on clause?) helped offset these losses. Income was down 24% in 2017/18 following relegation to League One. It would have been a bigger drop except owners increased sponsorship from £1m to £3m.
Relegation saw a reduction of £4.8m in funding from the EFL and solidarity funding. Match day receipts were more or less steady. Total income was just under £10m.
Average league attendance was 13 per cent down on the previous year but this was largely due to a 64 per cent fall in away fans in League One. There were nearly 6,000 season ticket holders and this year there are over 6,000.
Biggest costs for Rotherham were wages of £6.3m which fell by over a quarter after relegation and rent of £1m to owners which fell by 18%. Kieran Maguire of the Priceof Football notes, 'Rotherham seem to have good control over wages as only spent £64 on wages for every £100 of income. However if take out owner sponsorship would have been £92 on wages.'
Like many clubs, Rotherham are dependent upon their owners who have lent club £3.5 million and which appears to be interest free.
Posted after the thread... Family silver and inspired by a great post who cited the above.
Rather than hanging on to players with better than 50% mark up in sales value this article clearly supports the idea that we need to buy and sell pretty quick to stop the club falling through the football pyramid.
A quick bit of maths suggests vaulks n Ajayi just about balance Tony stewart s loans from the last 2 seasons.
