Kieran Maguire: Lincoln City’s latest financials

Credit: Richard Croft / Sincil Bank / CC BY-SA 2.0

Lincoln publish accounts and continue to set a gold standard in terms of transparency & governance. Revenue up 20% as Cowley compensation & higher broadcast income on back of promotion offsets Covid impact.

Many Lincoln fans demonstrated support for club by declining ST refunds in 2019/20 and accepting shares in club instead which saved £341,000.

Lincoln’s progressive approach shown by support for fan led review of English football & rejection of Project Big Picture. Club correctly identified PBP will only benefit owners of ‘Big Six’ in Premier League.

Lincoln day to day losses down 20% although that does include Cowley compensation I think. Player trading & other income helped reduce losses from over £2m to below £900k.

Lincoln wages up 6% following promotion.

Lincoln signed players for £380k in 2019/20 and spent £360k on capital expenditure projects.

Lincoln’s funding mainly from share issues to execs, Supporters’ Trust and fans. Generated £1.2m in 2019 and £1.6m in 2020.

Published by The Baron

I write about football finance, and listen to music that was last popular in the 1980's.

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