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| 1. Author: wee eck Date: Fri 27th Feb 2026. 15:39 The latest accounts are available to view on COWS. The loss for the year was £1.7m, met by shareholding funding and interest-free unsecured loans, with no external debt. Reply |
| 2. Author: Hunter78 Date: Fri 27th Feb 2026. 15:59 wee eck, Fri 27 Feb 15:39 Anybody not concerned with these level of losses is crazy. Owner loans cover the loss fine but if the business is operating at these level of losses then somebody needs to be prepared to pick the club up and fund them. This year will be a lot more as well I’m sure. Reply |
| 3. Author: jake89 Date: Fri 27th Feb 2026. 16:08 Remember though that the £1.7m would have included paying off a few managers and assistants. I would expect a loss again for the 25/26 year and hopefully getting closer to being sustainable by 27/28. Reply |
| 4. Author: Sacktheref69 Date: Fri 27th Feb 2026. 16:10 jake89, Fri 27 Feb 16:08 Maybe worth showing this to the Lennon out bregade. This is Andy Tod`s world and we are lucky to live in it. Reply |
| 5. Author: onandupthepars Date: Fri 27th Feb 2026. 16:15 The abovementioned payoffs, plus possibly including money going out on Rosyth?,transfer fees for C. Young & K. Bray, higher wages for the likes of NL, Wanyama, and mainly a spectacularly dreich season? Post Edited (Fri 27 Feb 16:24) Reply |
| 6. Author: PARrot Date: Fri 27th Feb 2026. 16:29 jake89, Fri 27 Feb 16:08 Unless we sack another manager ;) Reply |
| 7. Author: Hunter78 Date: Fri 27th Feb 2026. 16:34 onandupthepars, Fri 27 Feb 16:15 All owner decisions. Reply |
| 8. Author: wee eck Date: Fri 27th Feb 2026. 16:35 Of course they are owner decisions. That`s how private companies work. Reply |
| 9. Author: jake89 Date: Fri 27th Feb 2026. 16:42 Isn`t everything an owner decision at the end of the day? Reply |
| 10. Author: Zoltan Date: Fri 27th Feb 2026. 17:10 Those figures are genuinely diabolical. Reply |
| 11. Author: Kdy Par Date: Fri 27th Feb 2026. 17:21 Hunter78, Fri 27 Feb 16:34 So you are blaming the new owners for the full loss when they were only in charge for 5 months of the accounts? Reply |
| 12. Author: Sacktheref69 Date: Fri 27th Feb 2026. 17:37 Rosyth and the complete disaster it has become was the brain work of the previous consortium. This is Andy Tod`s world and we are lucky to live in it. Reply |
| 13. Author: wee eck Date: Fri 27th Feb 2026. 18:11 Nobody seems to be bothered about the financial results when they`re calling for better/more experienced signings during the transfer windows. We`re not going to get promotion without losing money, unless we unearth a real gem. Reply |
| 14. Author: Dave_1885 Date: Fri 27th Feb 2026. 18:13 Losing £1.7m in a year is the exact reason we should be striving to get promoted, because that sort of money is available in the top league but not this league. Reply |
| 15. Author: Indiapar1 Date: Fri 27th Feb 2026. 18:27 Obvuously to May 2025. Hopefully with the improvements in performances and if we can get into the playoffs and cup semi finals it will eat into that loss. It demonstrates the importance of financial sustainability and building the club in stages in a sensible manner G Wardrope Reply |
| 16. Author: Raymie the Legend Date: Fri 27th Feb 2026. 18:28 2022 losses - £532K Headcount - 72 2023 losses - £1,039K Headcount - 84 2024 losses - £929K Headcount - 97 2025 losses - £1,736K Headcount - 114 Variables/One offs - We did have to pay off two managers, although James McPake maybe didn`t have too long to go on his contract? The Euro fan zone recouped around £150K on tickets alone. Not sure what the club made from food and drink We had record breaking sales of the Black and Gold strips  It`s bloody tough being a legend Ron Atkinson - 1983 Post Edited (Fri 27 Feb 18:56) Reply |
| 17. Author: red-star-par Date: Fri 27th Feb 2026. 19:13 I`m no financial expert so loaded the Accounts into CHAT GPT and asked it to have a butchers. This is what it came back with...... "Here’s a plain-English breakdown of the latest accounts for Dunfermline Athletic Football Club for the year ended 31 May 2025 — and whether there’s anything to worry about. 1️⃣ The Big Picture Loss for the year: £1.74 million Last year’s loss: £0.93 million Total accumulated losses over time: £12.2 million Net liabilities (what they owe more than what they own): £460k (Improved from £838k last year) So yes — they are still losing money. But the balance sheet has actually improved compared to 2024. 2️⃣ Why the Loss Is So Big The CEO statement explains most of it: Managerial changes (paying off staff) January transfer window spending Investment in backroom staff Poor league finish → lower prize/SPFL money Early cup exits This is fairly typical of a club that struggled on the pitch and then tried to “fix it” mid-season. 3️⃣ The Important Bit – Is the Club in Trouble? Short answer: Not immediately — because the owners are funding it. Key points: ✅ No external bank debt The club has: No bank loans No overdue emergency borrowing ✅ Owners converted debt into shares About £1.3m of loans were converted into shares, which: Reduces pressure Strengthens the balance sheet Shows commitment from ownership ✅ New loan from owners (£2.5m gross) There is a loan from Park Bench SFC LLC (the new owners): £2.5m total Interest-free Not due within a year This is effectively soft funding from the owners. 4️⃣ Cash Position Cash at bank: £142k That’s not huge for a football club. They rely on: Season ticket income Ongoing owner funding Careful cash management Without owner backing, this would be tight. With backing, it’s manageable. 5️⃣ Net Current Position (Short-Term Bills) Last year: Net current liabilities were £2.29m This year: Only £166k negative That’s a massive improvement. It suggests: Old debts were cleared or converted The financial clean-up has begun 6️⃣ What Would Worry Me? Here’s what a cautious fan should keep an eye on: ⚠️ They are still structurally loss-making Championship clubs in Scotland rarely make profits. If promotion doesn’t happen, losses likely continue. ⚠️ They depend on the owners The accounts explicitly say: The company’s liquidity position relies on continued support from Park Bench. That’s honest — but it means: If owners walked away, there’d be a problem. ⚠️ Operating lease commitments They have over £2m in future lease commitments. Not dangerous — but it’s fixed cost pressure. 7️⃣ What’s Actually Positive? Ownership appears committed Debt converted to equity (good sign) No aggressive external lenders Going concern confirmed by auditors Balance sheet improving This looks like: “Owners funding losses to stabilise and try to grow the club.” That’s common in modern football. Layman’s Summary Think of it like this: The club: Spent more than it earned (again) Is being bankrolled by wealthy owners Has cleaned up old debts Is not in immediate financial crisis Would struggle without owner support So the real question is: Do you trust the new owners to keep funding it until it becomes more sustainable (or gets promoted)?" Reply |
| 18. Author: wee eck Date: Fri 27th Feb 2026. 19:26 I`d say that`s a pretty good summary! Reply |
| 19. Author: jake89 Date: Fri 27th Feb 2026. 19:52 The last bit is key. It`s sustainable as long as someone is happy covering the losses. As soon as they aren`t, the club has big overheads and no ability to quickly reduce them. Why has the headcount gone up so much? Is this from replacing volunteers with permanent staff? If so, are those permanent roles earning their keep, or would it be more frugal to go back to utilising volunteers? Reply |
| 20. Author: Bertie Paton Date: Fri 27th Feb 2026. 20:27 I know it`s A.I but good post Red Star. Pretty much tells us what we knew when Bord came in. He has been as good as his word. Said that they would fund initial losses We need success. We need to be in the top division soon, as they won`t fund this for 5-10 years without success. Football matters need to start improving with the money being thrown at them Post Edited (Fri 27 Feb 20:28) Reply |
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