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Vinnie · Posted: Thu Feb 29, 2024 8:08 pm Post subject: Dunfermline Losses 22/23

Today, DAFC filed its annual accounts for 2022-23 at Companies House and we want to provide some information to supporters about the financial results.

Supporters will see that following the League One winning campaign the club has posted losses in excess of £1 million. Whilst these numbers are obviously disappointing we want to reassure our fans and explain these numbers further.

Playing in League One during season 2022-23 had a profound impact on some of our revenue streams – most notably central distributions from the SPFL which are very considerably smaller than those in the Championship. Away ticket sales were also very low, with the exception of the derby matches against Falkirk.

With the backing of DAFC Fussball GMBH, the club decided to retain a very competitive playing budget to give us the best chance of getting out of League One at the first attempt. Our budget for the year was based, conservatively, on ending the season in a play-off position and securing promotion by way of those additional matches. Ending the season as league champions meant, of course, that we missed out on those additional revenues. Laughing

Of course, we were delighted to forego those.

In addition to match day income and costs, we continued our investment in our Rosyth training ground, incurring costs particularly around obtaining planning application permission. The first phase is approaching completion and we are excited about sharing more on this project in the coming weeks and months. Similarly, we continued to invest in the Dunfermline Athletic Youth Academy during the 2022-23 season as we strive to keep developing our own young players. We firmly believe that both of these projects will generate long term benefits for the club.

During 2022-23 season, the club saw sizeable increases on inflation-linked costs such as food and beverage and matchday staffing – which we are continuing to address and will still impact us in to season 2023-24.

We do expect to see improvements in the following year’s accounts, albeit we still have a lot of work to do to reduce costs and increase revenues further to achieve a break even position and bring about long term sustainability.

The backing, and long term commitment, from DAFC Fussball GMBH continues and we are hugely grateful for their support. Similarly, we recognise the outstanding backing our supporters continue to give week in, week out.

From attending on match days, purchasing replica kit, attending hospitality to sponsorship packages we don’t take any of this for granted and thank you all for your loyal support. On top of that, the army of volunteers who support so many of the ongoing projects around the club and the members of the Centenary Club who continue to pay their subscriptions are also hugely appreciated.

The club continues to plan for the long term, and to continue to be a club of which every Pars supporter can be proud.

Thank you for your support.

Highlight part is gobsmacking.They apparently had 87 members of staff
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Cuparman · Joined: 12 Jul 2008 Posts: 1872 Location: Irvine

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WOW!!.
I hope we are financially in a better position.🤞🤞
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Wolfman Jack · Posted: Thu Feb 29, 2024 8:59 pm Post subject: Re: Dunfermline Losses 22/23

badpress139 · Joined: 19 May 2015 Posts: 2618 Location: Glenrothes

Budget based on making playoff games.....is it not the case that SPFL take a large chunk of those receipts and that's the reason that the gates prices are fixed and clubs cannot discount them?

There is every chance they are in a worse position this year, medical bills will be through the roof. If they were to be relegated, which I don't think they will be, then part time football would surely be heading their way.

embow · Posted: Thu Feb 29, 2024 9:35 pm Post subject: Re: Dunfermline Losses 22/23

StarksBarmy · Joined: 03 Apr 2010 Posts: 4024

Certainly explains their poor form recently..

Remit must have them to finish 2nd bottom and try to get those extra play off games.

wellyboot · Joined: 14 Jul 2008 Posts: 2567 Location: Aberdeenshire

And if they had made they play offs and not got promoted then what? Bit of a risky strategy
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Two pints prick

Castle · Joined: 24 Jul 2010 Posts: 4933

Ooft. When Dunfermline Athletic Football Club start posting those sort of losses Fife Council, local small businesses and the British Red Cross better start thinking about writing off debts.
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Fantalk~Often wrong but never in doubt

Wolfman Jack · Posted: Sat Mar 02, 2024 11:40 pm Post subject:

Vinnie · Posted: Fri Mar 15, 2024 10:36 pm Post subject:

There was a Q&A supporters club meeting last night chaired by David Cook(board member?)attended by McPake and other.It was about finances,rosyth training and youth academ etc.Theres a link on the other channel with a summary of the meeting if anyones interested

One thing that was noted

“Lastly, he confirmed there had been considerable damage to seats, toilets, and graffiti at Starks on Saturday. It's not acceptable and this is going to cost the club.”

Might be just me but I thought they,d have made a public statement on the vandalism
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