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Club Statement - Accounts, Year Ending 31 May 2022


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From the official website. Interesting reading - £3.4M deficit, with further losses expected last season.
No wonder the owners have decided to tighten the purse-strings. To carry on racking up losses would be unsustainable.

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CLUB STATEMENT – ACCOUNTS
May 30, 2023

The accounts for the year ending 31st May 2022 have been approved and signed by the Directors.

The club recorded a loss of £892,440 with an overall deficit of £3,392,308. It is important to highlight the impact of COVID-19 and that restrictions were still in place affecting income and revenue.

With a significantly reduced revenue from playing in the Championship, the Directors are forecasting another loss for the year to 31 May 2023.

Football Partners Scotland (FPS), controls over 75% of the club’s shares and they will continue to provide the financial support for the Company.

The Directors are extremely pleased that the club will once again be in the Scottish Premiership next season and would like to thank all of our supporters, staff, shareholders, and sponsors for their valued support as we continue to work towards building a successful team and a sustainable business.

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St. Mirren lost £1.6 million last year. They aren't "fan owned" as such, well not like we were. They have an elected board and believe a "sugar daddy" putting money in.

The only reason that I'd state it is not all rosey as it seems for the Buddies (they have had a great season on the park tbf) is SMISA (51% ownership) and Kibble (27.5% ownership) are about to go to war as Kibble tried to get a near £3million grant from the government under St. Mirren's name and use the money to build on St. Mirren owned land without SMISAs knowledge on top of the losses that had, quite juicy haha!

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2 hours ago, Pepe said:

St. Mirren lost £1.6 million last year. They aren't "fan owned" as such, well not like we were. They have an elected board and believe a "sugar daddy" putting money in.

The only reason that I'd state it is not all rosey as it seems for the Buddies (they have had a great season on the park tbf) is SMISA (51% ownership) and Kibble (27.5% ownership) are about to go to war as Kibble tried to get a near £3million grant from the government under St. Mirren's name and use the money to build on St. Mirren owned land without SMISAs knowledge on top of the losses that had, quite juicy haha!

Already discussed St Mirren. Heavily affected by COVID but profits this season.

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1 hour ago, eyeothedug said:

Already discussed St Mirren. Heavily affected by COVID but profits this season.

Their accounts over the same period as us, in the same division for the 21/22 season is a loss of 700k more than us. Their accounts for this season won’t be published for another year. 

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7 minutes ago, Dondeh said:

Let's see the other clubs accounts to compare.

Having said that - it does put into perspective what FPS/the Club are up against.

Let's appoint a decent Manager and correct that.............................................

Motherwell lost a million, Killie lost 1.8 million, St Johnstone profit a million after winning both cups and getting into Europe, Utd profit 300k (after players sales), Livi lost 800k.

While our losses aren’t great at all and long term it’s a worry but our situation is pretty bang average in Scotland. We will make a loss for this season due to being in the championship but for the coming season, I wouldn’t be shocked if we made a small profit with the increased prize money and expanding our commercial activity.

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Scottish clubs will almost certainly loose money unless they can find can find a youngster who they can sell on for a big fee. ( Cameron next summer).

Like it or not the dabs getting relegated will cost us the best part of 500,000 on income ( not profit).

Biggest crowd, best atmosphere, best feeling when we fxck them. 

ALMOST sorry that they are doon 🤪🤣

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