Millwall announce £9million losses for 2013-14 season

© Actionplus
© Actionplus

MILLWALL have posted a loss of £9million for the 2013-14 season – an increase from £4.4m in the previous year.

In a report released today, the Lions explained that a fall in competition prize money and a growing wage bill were behind the rise.

The club's accounts for 2012-13 were swelled by the proceeds from a run to the semi-final of the FA Cup.

But last campaign, revenue fell by almost 20% from £12.8m to £10.5m.

Staff costs rose to £13.9m from £12.1m – owing to the termination of Steve Lomas' contract, Ian Holloway's appointment and the use of 40 players during the year.

There was a 20% decrease in match-day revenue despite an increased average attendance of 11,182, while retail sales dropped by 13.4%.

Millwall donated the branding on their shirts to Prostate Cancer UK, meaning there was a 28.9% drop in advertising and sponsorship revenue.

But income from non match-day conferencing and events was boosted by 33%.

The Lions spent £823,000 recruiting players, receiving £369,000 in sales.

In addition to the £9m operating loss, the club's financial expenses totalled £2.8m, meaning there was a total loss of £11.7m.

Alex Aldridge

(@accordingtoaldo)

23 thoughts on “Millwall announce £9million losses for 2013-14 season

  • November 20, 2014 at 17:31
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    A change of subject. Jermaine Beckford has joined Preston on loan, would of done a good job for us I reckon, better than that useless lazy c*** from Watford!!

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    • November 20, 2014 at 17:59
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      @dpendet: I would rather play Beevers up front than have Beckford starting for us.

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    • November 20, 2014 at 21:29
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      @dpendet:

      what on earth are you going on about - the article is about how we ain't got any money to pay the cleaner let alone someone on beckford's wages - mental

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      • November 21, 2014 at 00:08
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        @timchimes: I said a change of subject!!
        Beck fords wages, so PNE in league one can afford them but we can't?
        At the end of the day he is better than that muppet from Watford, who's wages we are paying

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  • November 20, 2014 at 19:10
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    £14m on staff wages and we're still crap. Plenty of mis-management on and off the pitch by the looks of those figures. I'd love to see a breakdown of staff wages?

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  • November 20, 2014 at 19:17
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    There should of been a plan in place before KJ left. Seems ambler new after the Blackburn game that he might leave. All this could & should of been avoided.

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  • November 20, 2014 at 19:23
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    "The Lions spent £823,000 recruiting players, receiving £369,000 in sales."

    How have we only got that much for selling players?! If I'm not mistaken we got £400k for Trotter and £250k for Henry. Laughable fees yes but more than 369..

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  • November 20, 2014 at 19:27
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    would love to know how much..HE cost us

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  • November 20, 2014 at 19:57
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    Any chance of some positive news before saturdays match against the anoraks?

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  • November 20, 2014 at 20:59
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    i hope people realise how serious this is - totally unsustainable - i doubt our wage bill will be lower this year and income won't be much higher if at all - how crowds can be up and matchday receipts down i don't know - we have shelled out too much on established players and lost causes - reduce the squad and get in younger players is our only chance in the long-term

    this mean this year we will lose 9 mill again roughly - then what - sell off any talent we have and get rid of high earners - get relegated next year (if not this) unless our kids and low earner come good we are f**cked - bye bye malone

    shows that nearly all footballers are overpaid and all clubs are chasing too little money in the game at the lower level

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  • November 20, 2014 at 21:14
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    FFS!!! can we have some good news on this site at any point this year? we're all gonna need f****** counselling soon if this keeps up! so in a nutshell we have a load of fat old players that can't play past 60 minutes and we're skint for the trouble. great business again wall spot on. and yet we're letting malone sit on the bench not playing our key players coz apparently they're tired after 3 matches? and the ones that aren't ain't being played when they should be anyway looool i thought having ollie things would at least pick up a bit, but it's actually getting worse in many ways! yes we're playing more attractive footy but it means f*** all if we're where we are in the league and doing awful business in the process. liven up millwall coz we're in the s***!!!

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  • November 20, 2014 at 21:36
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    To all the posters who quote this player and that player; we only survive at this level through the benevolence of one man. Mr Berylson is top of my prayers at bedtime. That's not to say we could tighten up on the money wasted!!!!!

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  • November 20, 2014 at 22:08
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    The problem I see lays with the population of Greenwich, Lewisham & Southwark etc. What and why do the people in those area's have no local pride in their Championship team Millwall when all you see them wearing replica gear of other London Premiership teams!
    When I see them I ask them if they go and watch and he answer is always no and they can't afford it but when I say you got a local team on your door step they look at me as if I'm mad!
    I always say that it's their loss and their fault for not being involved.

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    • November 21, 2014 at 07:38
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      @Lion: Too true ,When I lived in Lewisham back in the 80s there were loads of local people all going to see Millwall but since the prem was formed it looks like we have lost loads.I hold my hands up I should go to more games but not living in London any more and work does get in the way .

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    • November 21, 2014 at 09:04
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      The other problem is that there are so many teams around the area and with transport links getting better and better people can get to bigger clubs that are slightly further out easier. We haven't done enough to get more fans involved, I live in Greenwich and the amount of cr*p all over the local papers for the anaoraks is ridiculous. We need to more effort with the odd game with cheap tickets, selling some of our season tickets for lower prices where we never sell tickets and most importantly improve our results. I agree we have far too many players (40 used last year is beyond a joke) that are taking up too much money that could be spent on 1 or 2 real quality players! Hoping to finish lower mid-table this season, have a clear-out in the summer then push for playoffs next season!!!

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  • November 20, 2014 at 22:22
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    Sorry guys but I think we have to realise what we are AND this wage bill and reliance on JB is unrealistic and unsustainable! It's a fact, in any other business it is a no brainer and eventually we will have to pay the piper!

    We are a Club too big for League 1 and not big enough for the Championship. Our crowds will not improve enough to stop the downturn in revenue.

    Our record signing is Paul Goddard for 800k in the 80's. We sell on the cheap historically and we let contracts run down to our detriment. We should be happy to be in the championship as I doubt it will be the case in the very near future.

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    • November 20, 2014 at 23:32
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      In response to my own post I have decided to celebrate our own existence as a totally unique club who do not conform in ANY way whatsoever and can be proud of who and what we stand for, if that's in the lower leagues then sobeit eh

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  • November 21, 2014 at 09:48
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    I think we need to look at reducing prices for certain games and more special offers for kids and pensioners . I work most sats and live in Canterbury but still been 8 times this season and bring my son who is 16 , he is at college but still have to pay £30 for his ticket . There must be thousands of youngsters in local area in same position . Surely bums on seats is better revenue than having empty seats plus this would increase revenue on programmes , food in the ground possibly ?? This would also give better atmosphere with full ground . As they say the kids are the future so let's get them hooked on millwall now like I did 25 years ago .

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    • November 21, 2014 at 21:20
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      @gman: be good to get more people in the stadium but they wouldn't be able to afford to buy the food or drink inside. £2.10 for a bottle of coke?!

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  • November 21, 2014 at 10:00
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    On of our major problems in terms of crowds is geography. Being the club closest to the centre of London has the disadvantage that we are surrounded by clubs in the same or a higher division. In comparison, Charlton's catchment stretches in to Kent and Palace's into Surrey. Our 'territory' is bounded by the river, Camberwell, Peckham and Deptford. It's a really small patch with a high population turnover, which means multi-generational and/or long-term support is increasingly rare.
    I used to live in Peckham/Camberwell but now I'm in Woolwich and I guess that's the same sort of outward migration for a lot of our support, which makes it less likely our families will remain supporters.

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    • November 21, 2014 at 10:52
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      @junkmale: Junkmale myself and two mates all moved away from Rotherhithe and Waterloo to Bexley & Chiselhurst but both us and our sons still go to the den being season ticket holders.
      So moving away to another part of South London should not stop you going to matches if you really want too, I know a lot of my mates who have moved in the same area but they have stopped going, but a good side at the Den may get some back "but that seems a while off" at the moment.
      They need to trim the playing staff numbers there is to much dead wood that have been signed and who dont even get into the matchday squad, so either send them back to there parent club are try to move them on in January window.

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  • November 21, 2014 at 14:39
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    No wonder we voted in favour of changing FFP! This lays bare a shocking waste of money last year and should be a cautionary tale to those that think that the club is tight-fisted. The wages paid out to all those over-the-hill signings and a lack of adequate planning have caused this. And it's not going to get any better this season: 26 different players have started games and it's not even December. We just have to hope that we can keep our heads above water this season and rearrange the wage bill with so many players out of contract in the summer.

    On a related point, the sponsorship situation from last season being mentioned above reminds me to ask Aldo: do you have any update on Euroferries? Alan Williams told you they were starting to trade in August. It's November and they are still `non trading'.

    http://www.euroferriesexpress.co.uk/#!travel-updates/c1hwp

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