Mansfield Town Accounts - Yrs Ended 31/12/19-31/12/22

[Tippy Tappy Football]

These are the 2019 accounts and the directors received no remuneration from the football club during that year.

The one and only director to ever be paid a salary by the club was Keith Haslam.

Wasn’t he paying himself something like £30,000 as well as siphoning money off illegally everywhere else?! (Allegedly!)

Hasloan was paying himself a salary over £70k plus company Land Rover and unlimited expenses.

[I am Spartacus]

These are the 2019 accounts and the directors received no remuneration from the football club during that year.

The one and only director to ever be paid a salary by the club was Keith Haslam.

Wasn’t he paying himself something like £30,000 as well as siphoning money off illegally everywhere else?! (Allegedly!)

Hasloan was paying himself a salary over £70k plus company Land Rover and unlimited expenses.

I think you will find that Haslam paid himself in batches of 30 pieces of silver.

[Big yella]

A rise in non-playing staff from 11 to 63 may explain at least some of the huge hike in total wages. Is it possible to quantify how much those extra 52 people added to the overall wage bill? The only meaningful wage comparison has to be based on playing wage, not total wage. No doubt Evans and Flitcroft had big budgets, you could tell that by the way we were fighting promotion rather than relegation

Where would these extra 52 people be working too. Seems a big hike with no changes on or off the pitch.

Only a guess Dan, but with the restructuring that Tippy has described, could all the bar, cleaning, ground staff etc. now all come under the one banner rather than spread over two or three companies.

[chip63]

Could someone explain the " recharges" bit please, are we paying twice.

[NorthLondonStag]

A recharge is where the cost is incurred in Company 1 but the services benefit Company 2. So eg Company 1 pays the employees but then recharges the cost to Company 2.
It doesn’t involve paying twice just reallocating the cost to the right place.

[chip63]

A recharge is where the cost is incurred in Company 1 but the services benefit Company 2. So eg Company 1 pays the employees but then recharges the cost to Company 2.
It doesn’t involve paying twice just reallocating the cost to the right place.

So they are like an employment agency? Suppose there is a reason why they do this.
To me it just seems John is charging himself, he owns both companies.

[NorthLondonStag]

The employment agency thing is not too far off but he isn’t paying twice.
He pays the employees in one company and the other company pays it back. So he pays the employees once but the costs is accounted for in the company that ‘received’ the benefit.
So if (say) the hospitality employees are employed by the football club but the hospitality business is elsewhere then their costs are recharged to that business.
This happens all the time and means (eg) you only need to run one PAYE system.

[part time pete]

The hospitality function is run by a company called Mansfield 1861 Ltd.

But looks like the employees are on payroll of MTFC Ltd, so a recharge is needed.

[NorthLondonStag]

The hospitality function is run by a company called Mansfield 1861 Ltd.

But looks like the employees are on payroll of MTFC Ltd, so a recharge is needed.

I think that’s probably correct.
Mansfield Town 1861 Limited is also the parent company of the club.

[part time pete]

Mansfield Town 1861 Ltd (previously called Amber 12 Ltd) owe about 85% of shares in MTFC, other 15% are owned by individuals and Stags Fans United.

[MTFCMusings]

[Johan]

Presumably offloading Maynard and Cook in Jan 2021 has helped reduced costs significantly too.

[yorkshire stag]

is this good or bad or average sorry to be so in the dark with it ?

i know it’s all about Ltd companies & Off shore accounts in Malta just checking all is good, Tippy what’s your overview ?

[MTFCMusings]

IIRC those player sales will be Danny Rose and CJ Hamilton.

[Sedgwick]

IIRC those player sales will be Danny Rose and CJ Hamilton.

CJ went for 200K. Not sure about Danny but adds up if we made 266K on player sales?

Club is doing the right thing at the minute with Clough, the numbers will all come down whilst we still compete.

[NEStag]

Sedgwick, I don’t think that number of 266k is the amount received.

[Rob]

I would imagine a large part of that debt to other groups is for the stadium.

[gazza1988]

I would imagine a large part of that debt to other groups is for the stadium.

Wasn't that a separate company?

[part time pete]

I have merged threads from last year to compare

[Conker]

I forgot Flitcroft wanted JR to keep chucking money at it, he had a absolute ridiculous budget, I’m not surprised he’s not got another managers job after failing to get us in the automatic with that war chest.

[Spiritater]

A rise in non-playing staff from 11 to 63 may explain at least some of the huge hike in total wages. Is it possible to quantify how much those extra 52 people added to the overall wage bill? The only meaningful wage comparison has to be based on playing wage, not total wage. No doubt Evans and Flitcroft had big budgets, you could tell that by the way we were fighting promotion rather than relegation

Where would these extra 52 people be working too. Seems a big hike with no changes on or off the pitch.

We did move training to Brooksby for a decent portion of time till the RH was finished. It was residential too for some of the young ones so there would be need for folk down there I'd imagine.

[Rob]

I have merged threads from last year to compare

Which in turn has brought up the DF argument again

Anyway, the comparison of wage budgets is completely inaccurate, firstly we do not know what the "players" budget is and in the year of DF over 50 extra staff were included in the wages. Secondly these figures do not take into account that managers often have to pick up previous managers poor signings, none more so than some of the expensive wasters Evans signed. No doubt DF had a big budget, no doubt we also finished in our highest league position in 17 years.

I am sure Nigel is paying wages for players he doesn't want, I won't say who cos it's Christmas

[sunray]

I would imagine a large part of that debt to other groups is for the stadium.

I thought the club only rented the ground from One Call Estates which is seperate. There is a rent charge of £47K each year which might relate

[gazza1988]

I would imagine a large part of that debt to other groups is for the stadium.

I thought the club only rented the ground from One Call Estates which is seperate. There is a rent charge of £47K each year which might relate

I thought that was called John radford stadium Ltd or something like that? Or is one call estates a parent company?

[yorkshire stag]

from a really uneducated prospective in this field, it all seems a bit complicated however it has reminded me John Redford originally stated he was going to hand Field Mill over to the fans so never again would an owner be able to charge the club as before, i hope he’s not forgot this like i had lol