Kieran Maguire: Motherwell’s finances

Good to see fan controlled Motherwell publish full accounts. income up 8% in 2019/20 to £4.9m reflecting a 3rd place finish & punching above its weight financially despite Covid impact. Furlough grants £293k.

Motherwell wages 85p for every poond of revenue, which is high but Covid does not help. Needs to sell players to help cover overheads…

Motherwell consistently sell players at a profit, with another £1m in 2019/20, mainly from sale of James Scott to Hull. David Turnbull sale in 2020/21 worth more than £4m

Player sales helped turn a loss into a profit, shows Motherwell as a sustainable club.

Motherwell’s approach and some generosity from lenders has allowed the club to reduce borrowings on a regular basis, with the Well Society, the fan owned group, lending to the club at 0%

Published by The Baron

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s