JOHN RADFORD AND CAROLYN RADFORD Q&A AT OPEN DAY (250 Club draw), 27th July 2025

Host: Mark Stevenson

John Radford, Carolyn Radford and Nigel Clough

Redevelopment of the Bishop St

Carolyn Radford (CR): It’s been tricky. Not yet completed. It’s looking nice. Great to have four sides with LED boards.

John Radford (JR): It’s been fine. Dealing with Sid has been tricky at times (laughter). It’s been a collaboration. Some of my men have been in there. Mark Burton’s men have been in there and Sid’s men.

As Sid keeps telling us, there was no other way of doing it other than flattening it all and building a new stand. It’s worked out for the best for the club. It’s the right amount of money. Let’s see if we can fill it and then we can move on to Stage 2 and 3.

CR: Thank you to everybody involved. It’s not been easy. A shout out to people like Al Murray.

Nigel Clough: It’s good for the football team to have four sides. Great for the atmosphere. It looks wonderful.

CR: We are going to have a free ticket trial. John was giving golden tickets out at Stags Fest like Willy Wonka.

JR: We are going to have 360-400 free tickets in there for the Doncaster game as a trial.

Mark Stevenson: Will Stage 2 and 3 still happen because Sid said the redevelopment had cost a lot more than expected and the wallet may need a rest.

JR: Everything costs more than anticipated. We definitely want to get a TV gantry up there so the world can see our three best stands on TV. They can then see the club at its best. (CR: We watch a lot of iFollow.) Stage 2 and 3 will start in a season or two

 

Questions

Q: Are we limited to the number of players signed from Nottingham Forest. We have not made the most of this in the past

CR: We have good relations with the owner.

JR: They have always said they would support us but we have to be mindful of the fact we have our own academy. Sometimes we have knocked their noses out of joint. Now Forest are in the Premier League we can explain to them we are bringing in Premier League players and not Championship.

CR: We brought in Tyler Walker in the past.

Nigel Clough: It’s lovely to get the 3 lads in. There is a limit with players over 21 or 23 you can only bring in 2 but if they are under 21 or 23 then you can bring in 3. There are also squad limitations. You can have 22 outfield players and one must be a home grown player. U21’s don’t count.

CR: We are Mansfield Town though and not Nottingham Forest 2.

 

Q: Can we order our drinks in advance at half time from the marquee so they are ready for us and we have time to drink them.

JR: Mark Hawkins is the new Head of Operations. I’m sure we can sort something out. Mark will have a look at it.

CR: What if somebody puts something in another person’s drink?

NC: Me and Andy will have a pint of Madri each at half time and we don’t mind if anybody puts anything in it (laughter).

 

Q: Is anything going to be done about the pitches at the RH Academy to avoid injuries? (Nathan Edge)

JR: The pitches at RH Academy are relatively new.

NC: The pitches struggled a bit before and just after Christmas. The physios said they also contributed to a couple of injuries. We have come back and despite the heat waves the pitches are in very good nick.

JR: We didn’t have the right equipment but we are now putting in a high performance gym. This is why some of the Forest boys from their academy were better tuned than our boys.

NC: You will have seen from the Middlesbrough, Oxford and Sheff Wed games that Championship players are bigger animals physically. I was talking to Gary Rowett the other night and he said the physical difference between the Championship and League 1 players was the first thing he noticed – how far players run, strength etc. The Premier League is a big step up again.

With the new gym, every player from U14s upwards will benefit and make them more competitive to get them in the first team. There are around 100 players from U14 upwards including the first team who will benefit.

 

Q: Most fans were delighted with season ticket prices. Was the increase in match day ticket prices mainly aimed at the away fans? (Dean Foulkes SSA)

JR: We try and keep prices reasonable. We do not do massive percentage increases. NC and the players need paying. The club does not make a profit. The shortfall is made up by me and Carolyn. We have tried not to be greedy.

We have looked at what we have got left. It’s a capacity thing. Unfortunately we have just short of 10,000 capacity and around 6,000 are season ticket holders. The rest of the tickets are split between away fans and home fans who pay on the day.

We think we have got the pricing right. It’s not a lot of money. It’s another £2 per ticket and an extra £8,000 for the club. Mark Hawkins did some work on this and I think he pitched it exactly right once fans get over the shock of the extra £2.

The main people affected will be fans paying on the day. I’m not saying they are not loyal fans but everything has gone up – electricity, bread etc

CR: It is very tricky. We are trying to balance everything. We want to be more competitive. Nigel wants to go for it and we are trying to support him.

JR: We are trying to make money out of the away fans a little bit. Our fans get charged by the other clubs. It’s despicable what some of them do but we have gone nowhere near what they do.

 

Q: Are we going to have 3 new kits every year. We used to rotate it in the past between home and away. Can fans be involved in designing a third kit and voting on it. (Dean Foulkes SSA)

CR: I’m not in favour of 3 new kits every year. There are also supply issues with kit manufacturers and moving between Castore and Errea.

JR: It’s a good idea to have the fans involved. We will pass that on to Mark Hawkins to implement.

 

Q: Can the scoreboard be used for ladies games? (Dean Foulkes SSA)

Mark Stevenson: They do not always play at the stadium but they can use the scoreboard when they do.

 

Q: How does Nigel see the competition. Are the teams more level?

NC: We have lost three big hitters in Birmingham City, Wrexham and Charlton but Luton, Cardiff and Plymouth have come down. Luton were in the Premier League 2 seasons ago. Cardiff not so long ago. Huddersfield are spending big, Stockport, Wycombe and Orient just missed out. Blackpool are spending big.

We can be competitive. I don’t think two teams will run away with it like last season. It will probably be more even but still tough. Bradford have not come up just to make the numbers up and Doncaster neither.

 

Q: Is Nigel Clough planning ahead and looking at players who could play in The Championship

NC: We have not looked that far ahead. We are looking at players for League 1 and looking for the best value. We needed experience to get up from League 2 and last season. We’ve now brought in some younger players. The three young lads from Forest are exciting. There’s only Liam Roberts who is 30 years old. Everybody else we have brought in are under 30. Hopefully we can attract more players in their prime at 27/28 rather than 33/34.

 

Q: Do we have a sell on clause on for Davis Keillor Dunn.

JR: We do have a sell on clause. Nigel and I would have liked to have kept him (CR mildly disagrees with that). We had to sell him. He wanted to go and it was good value. He’s also not been sold yet.

 

Q: TV’s in concourses are not always switched on. (Chris Ellison SSA)

Mark Hawkins: It’s being sorted.

CR: There have also been internet issues.

 

Q: When you (JR) took over the club you said you had a 5 Year Plan to get into The Championship. Do you still have one?

JR: I’ve been doing this 15 years. You are a bit naïve when you first take something over. I would still like to get in The Championship and maintain it.

CR: It’s not all about The Championship. We want to stay competitive. It’s about enjoying the football club and atmosphere. It might be difficult to progress further unless we strike oil.

NC: Wrexham and Birmingham have thrown millions and millions at it. Some of the money being paid in The Championship is incredible. Let’s just keep improving. We are also looking for sponsors for the new gym at the RH Academy.

 

NOTES ON MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

This is a summary of the Mansfield Town accounts for the year ended 31st December 2022 which were approved at the club’s Annual General Meeting on Thursday 18nd December 2023. These accounts cover the second half of the 2021-2022 season when the Stags finished 3 points off automatic promotion in 7th with 77 points. We then beat Northampton Town in the League 2 Play Off Semi Finals to reach Wembley where we sadly lost 3-0 to Port Vale. They also cover the first half of the 2022-2023 season when the Stags eventually finished 8th on 75 points and missed out on the play offs on goal difference by one goal.

The financial figures for the second half of that season will be in the 2023 accounts which will be laid before shareholders on Monday.

The headlines for 2022 were that the club made a loss of £50,134 compared to £45,774 in 2021 and £322,593 in 2020.

PROFIT (LOSS)
2022 (£50,134)
2021 (£45,774)
2020 (£322,593)
2019 (£50,904)
2018 (£116,281)
2017 (£132,785) (6 months from 1st July 2017)
2016-2017 £6,403
2015-2016 (£10,077)

TURNOVER (INCOME)

The club’s total income increased to £5,506,335 compared to £4,130,265 in 2021. It was £5,706,953 in 2019 (pre covid).

2022: £5,506,335
2021: £4,130,265
2020: £3,074,465
2019: £5,706,953
2018: £4,324,339
2017: £2,619,535
2016: £2,243,164

Match Day Income

Match Day Income recovered from covid and increased from £940,628 in 2021 to £1,498,861. The club received £34,500 from local authority Covid and Kickstarter grants.

2022: £1,498,861
2021: £940,628
2020: £469,103 (Covid)
2019: £1,268,368


Football and Media Income

Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,719,138 to £1,903,454

2022: £1,903,454
2021: £1,719,138
2020: £1,556,496
2019: £1,330,406
2018: £1,135,478
2017: £1,025,245
2016: £753,489


Commercial Income

Commercial Income increased from £1,470,499 to £2,104,190. It was £3,081,359 in 2019.

2022: £2,104,190
2021: £1,048,886
2020: £1,048,886
2019: £3,081,359


EXPENDITURE

Total Wages and Salaries

Total Wages and Salaries including national insurance contributions and pension costs increased from £3,279,040 to £3,656,096. It was £5,083,199 in 2019.

2022: £3,656,096
2021: £3,279,040
2020: £3,143,956
2019: £5,083,199
2018: £4,456,034
2017: £1,884,466
2016: £1,464,626


The average number of staff including directors was 277 compared to 246 in 2021.

Staff whose costs were recharged to group and connected companies were 217 compared to 198 in 2021.


Player Agent Fees

Player Agent Fees increased to £83,876 in 2022 from £70,624.in 2021. They were £133,840 in 2019

2022: £83,876
2021: £70,624
2020: £56,903
2019: £133,840
2018: £135,652


Player Medical Costs

Player medical increased from £46,830 to £73,283

2022: £73,283
2021: £46,830
2020: £92,712
2019: £94,446
2018: £82,966


Management Charges
Management Charges increased from £48,066 to £54,178

2022: £54,178
2021: £48,066
2020: £36,050

I believe this money is paid to Mansfield Town 1861 Limited so it can pay for the wages and costs of running corporate hospitality and possibly the catering kiosks and bars. It also pays for the chefs and players' meals at the training ground at Pleasley.


Rent for Field Mill

The rent paid for using Field Mill increased from £49,806 to £240,000. There is no rent paid for using Pleasley.

2022: £240,000
2021: £49,806
2019: £47,210

The rent paid to John Radford MTFC Stadium Limited helps to subsidise Mansfield Town 1861 Limited. There is the following note in the accounts for Mansfield Town 1861 Limited for 31st December 2023:

"John Radford MTFC Stadium Limited is owed significant connected company loans by Mansfield Town 1861 Limited. These are interest free and repayable on demand. John Radford MTFC Stadium Limited is controlled by John Radford who controls Mansfield Town 1861 Limited through his ownership of RSCPBR B Limited. John Radford MTFC Stadium has produced a letter of support confirming that it will not seek repayment of the connected company loans until Mansfield Town 1861 is in a position to repay the loans owed and operate as a going concern. Furthermore John Radford MTFC Stadium Limited has confirmed that it will continue to support the company financially and provide further loans where necessary for at least 12 months."


Academy Funding remained at £40,000.

Energy Bills increased from £62,871 to £90,25.

Travel and Hotel Costs increased from £34,044 to £57,987. They were £96,326 in 2019.

Repairs and Maintenance Costs increased from £134,707 to £209,360 . They were £362,209 in 2019.


Other expenses (2021 figures in brackets)
Legal and Professional £67,154 (£29,511)
Motor Expenses £48,385 (£36,504)
Trade Subscriptions £54,611 (£26,246)
Rates £13,245 (£9,881)
Telephone and Fax £9,252 (£6,763)
Water £14,478 (£11,144)
Bank Charges £30,736 (£8,557)
Cleaning £17,122 (£6,223)
Printing and Stationery £11,970 (£7)
Accountancy Fees £15,425 (£25,580)
Entertainment £10,425 (£4,602)


Player Registrations and Agents Commissions

Player Registrations and Agents Commissions in 2022 were £95,426

Players signed in 2022 included Lucas Akins, Hiram Boateng, Kieran Wallace and Anthony Hartigan

Figures could included deferred payment or receipt of transfer fees from previous years

2022: Additions: £95,426
2021: Disposals: £193,750
2020: Additions: £26,250. Disposals: £291,985
2019: Additions: £293,750. Disposals: £100,000


LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES

The loans owed to One Call and other group companies fell from £3,723,391 in 2021 to £3,675,509 in 2022. The foorball is club owed £33,816 from fellow group companies.

The football club was owed £517,628 from companies under common control and has provided for £50,000. The football club owed £210,565 to companies under common control.

The football club made sales of £1,883,333 with fellow group companies.

Other creditors amounted to £749,996. This includes £688,017 owed to directors and former directors.

The football club is owed £245,000 from John Radford for unpaid share capital. The football club owes £75,724 to John Radford.

The football club owes £20,000 to Steve Hymas, £20,000 to Mark Burton and £20,000 to Paul and Tina Broughton. (Note: Steve Hymas has stated he does not receive a wage from the football club.)

All loans from directors are interest free and repayable on demand.


RSCPBR and RSCPBR B Limited (Ultimate Parent Companies)

RSCPBR Limited
The ultimate parent company of Mansfield Town was RSCPBR Limited which operates a diverse range of businesses including the football club, a claims handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle damage repair and solar energy.

The sole director of RSCPBR is John Radford and he is the sole shareholder

RSCPBR B Limited
The 2023 accounts for the football club filed at Companies House now state that the ultimate parent company is RSCPBR B Limited. The accounts of RSCPBR Limited state that the football club was disposed of on 31st December 2023 along with Mansfield Town 1861 Limited, OC Motor Repair Limited, One Call Rescue Limited, C L Medicall Aid Limited and Green Energy Power Solutions

The directors of RSCPBR B Limited are John Radford and Bill Broughton. The Shareholders are as follows:

John Radford – 13,184,468 Ordinary Shares
Nick Springthorpe – 631,440 Ordinary Shares
Sarah Chadburn - 656,698 Ordinary Shares
Bill Broughton – 681,955 Ordinary Shares
John Parker - 631,440 Ordinary Shares


Mansfield Town 1861 Limited (Immediate Parent Company)
RSCPBR B Limited own all the 100 issued shares in Mansfield Town 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford. Mansfield Town 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited.


John Radford MTFC Stadium Limited
This company owns Field Mill. The sole director and shareholder is John Radford.


A big thanks to John Radford and Carolyn Radford and the other directors for their financial support of the football club.

FANS FORUM WITH SID PEPPER ABOUT BISHOP STREET STAND

 Fans' forum, Tues 25 Feb 2025

Manager Nigel Clough and director Sid Pepper

Host: Mark Stevenson

in conjunction with the Stags Supporters’ Association.

venue: Radford Foundation Marquee at One Call Stadium

sold out 

Available in full on youtube: https://www.youtube.com/watch?v=Q9MXsQDHZEA

selected notes by Darren Shaw of Stags Fans United

Sid Pepper on the Redevelopment of the Bishop Street Stand.

Fans Forum: 25th February 2025

Key points:

It would have cost around £500,000 to demolish the Bishop Street and build a retaining wall. It was decided that it was better to try and restore the stand otherwise nothing would have happened.

It will not be the most attractive stand but most importantly the stand will have been saved and fans will be able to use it again.

A good consulting engineer advised on whether the restoration project was viable.

The stand was not level or parallel to the pitch. It is much tighter at one end than the other.

It will be an all seater stand holding around 500 Fans. Entry will be from the Quarry Lane End. It all needs to be approved by the Safety Advisory Group.

There have been two men on site from Day One. Everything has had to be done by hand due to lack of access from Bishop Street.

It was discovered that some of the steel structure had badly corroded and holes in the steel columns were discovered when the brickwork was removed.

A lot of money has been spent on concreting underground.

The men's toilets have been levelled up and will be amazing. The ladies and disabled toilets will be in portakabins on the side.

New concrete will go over the existing terracing on the sides.

A new roof will be put on the stand and there will be corporate boxes at the top of the stand. The TV Gantry will also be put back up on the roof along with the original clock.

The restoration of the stand has cost a lot of money and John Radford is overseeing the financing of the redevelopment. 

It was originally hoped to open for Christmas but it will now be the end of this season.

REDEVELOPMENT OF BISHOP STREET STAND

SFU organised a mini fans forum with director Sid Pepper after the Shrewsbury Town game on 21 September 2024 about the redevelopment of the Bishop Street stand and answer any questions that fans may have. All fans were welcome. Here are our notes on the forum, and also taken from an excellent video produced by the club. 

Summary of Key Points from Sid Pepper’s Video and Q&A

Sid started coming to watch the Stags around 5 years ago. He wants to help redevelop the Bishop Street to do something to help Mansfield Town and the local community. Lots of other people have looked at it but turned the job down because they thought it was too difficult.

The plan is to construct a stand which will be all terracing and have a capacity of around 1,400. There will be no seats but the plan is to build around 12 executive boxes with balconies on the roof of the stand which will be around 4m x 3m. There will be a TV gantry in the middle which will take up around 8-9m. There will not be room for any bar area on the roof.

There are currently no detailed plans or drawings of how the finished stand will look. Sid Pepper stated that the final stand will not be hugely different to the existing stand but it will look a lot better visually.

It was decided to use the existing stand because knocking it down and starting from fresh would have taken at least two seasons and would be a lot more expensive. It was decided to make the most of what the club actually had and to try and retain its existing value.

There is a 3 phase plan

Phase 1: Total refurbishment of the existing stand which includes the replacement of the wooden supports to the terracing which will continue to the back of the stand.

Phase 2: Extend the stand towards the Quarry Lane End. It will reach up to the Stitch Up advertising board.

Phase 3: Construction of two staircases at either end of the stand and then building the corporate boxes.

Sid Pepper was hoping to have Phase 1 completed by the end of October. John Radford was more cautious and thought that having something ready by the end of the season was more realistic.

Sid still hopes to have Phase 1 completed by the end of the year as he likes to set himself a target to drive him and the project on.

Phase 2 will hopefully be completed during the 25-26 season and Phase 3 will be for 26-27.

It will be necessary to expand the existing toilets below the Bishop Street so they have a capacity of around 30-35 for the gents. They previously had a capacity of 14. There will be a one way system for the toilets. There will also be ladies and disabled toilets. It may be necessary to put in some portacabins down the side. Kiosks will also be down the side.

It was necessary to approach the stand from the Quarry Lane side like a drift mine. This was easier than going in underneath and knocking down the old toilets. They had to take out a bank and some large tree stumps. The existing steel structure and frame will be kept. The back of the stand will be shot blasted and repainted. The roof will be redone and painted.

The terracing needs to comply with the Green Guide. The terracing will be supported from underneath.

It would have been easier and cheaper to fill in the corners of the stands and that is something that can be looked at once the Bishop Street is completed.

MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

 This is a summary of the Mansfield Town accounts for the year ended 31st December 2021 which were approved at the club’s Annual General Meeting on Thursday 22nd December 2022. These accounts cover the second half of the covid affected 2020-2021 season when the Stags finished a disappointing 16th under Graham Coughlan and Nigel Clough after failing to win any of the first eleven games under Graham Coughlan. Mansfield did reach the 3rd Rd of the FA Cup under Nigel Clough knocking out Sunderland 1-0 at the Stadium of Light before losing 2-1 to Cheltenham Town in extra time in the 3rd Rd.

 

The accounts also cover the first half of 2021-2022 when the Stags finished 3 points off automatic promotion in 7th with 77 points.  We then beat Northampton Town in the League 2 Play Off Semi Finals to reach Wembley where we sadly lost to Port Vale. The financial figures for the second half of that season will be in the 2022 accounts which will be laid before shareholders today.

 

The headlines are that the football club’s finances still remained significantly affected by covid and the lockdown but the club’s losses had reduced from £322,593 in 2020 to £45,774 in 2021.

 

PROFIT (LOSS)

2021 (£45,774)

2020 (£322,593)

2019 (£50,904)

2018 (£116,281)

2017 (£132,785) (6 months from 1st July)

2016-2017 £6,403

2015-2016 (£10,077)

TURNOVER (INCOME)

The club’s total income increased to £4,130,265 compared to £3,074,465 in 2020. It was £5,706,953 in 2019. 

 

Match Day Income increased to £940,628 compared to £469,103 in 2020. It was £1,268,368 in 2019. All the home games in the second half of the 2020-2021 season were played behind closed doors. The majority of income must have come from season ticket sales for 2021-2022 and 16 home league and cup games for that season.

 

Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,556,496 to £1,719,138.

 

Commercial Income increased from £1,048,886 to £1,470,499. It was £3,081,359 in 2019.

 

EXPENDITURE

 
Total Wages and Salaries including national insurance contributions and pension costs increased from £3,143,956 to £3,279,040. It was £5,083,199 in 2019.

 

The average number of staff including directors was 48 compared to 26 in 2020.

 

Staff whose costs were recharged to group and connected companies were 198 compared to 203 in 2020.

 

Player Agent Fees increased from to £56,903 to £70,624. They were £133,840 in 2019

 

Player medical costs fell from £92,712 to £46,830.

 

Management Charges increased from £36,050 to £48,066.

 

The rent paid for using Field Mill increased from £47,210 to £49,806.

 

Academy Funding increased from £30,000 to £40,000.

 

Energy Bills increased from £27,010 to £62,871. They were £66,324 in 2019.

 

Travel and Hotel Costs fell from £69,335 to £34,044.

 

Repairs and Maintenance increased from £88,146 to £164,570. It was £362,209 in 2019.

 

Other expenses (2020 figures in brackets):

Legal and Professional £29,511 (£31,091)

Motor Expenses £36,504 (£18,693)

Trade Subscriptions £26,246 (£12,664)

Rates £9,881 (£7,220)

Telephone and Fax £6,763 (£6,981)

Water £11,144 (£6,704)

Bank Charges £8,557 (£5,685)

Cleaning £6,233 (£4,704)

Printing and Stationery £7 (£2,883)

Accountancy Fees £25,580 (£2,820)

Entertainment £4,602 (£625)

 

 

LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES

The loans owed to One Call and other group companies fell by around £800,000 from £4,523,361 in 2020 to £3,723,391.

 

The football club was owed £342,561 from companies under common control and £31,203 from fellow group companies.

 

The football club made sales of £1,216,666 to fellow group companies.

 

Other creditors amounted to £761,791. This includes £688,017 owed to directors and former directors.


RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which operates a diverse range of businesses including the football club, a claims handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle damage repair and solar energy.

 

The sole director of RSCPBR is John Radford and he is the sole shareholder


MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford.

 

Mansfield 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited.

 

A big thank you to John Radford and Carolyn Radford and the other directors for their financial support of the football club during the difficult economic times caused by Covid and the lockdown.

 

The AGM to approve the 2022 accounts will be held at Field Mill later today at 1.00pm where shareholders will hopefully receive a copy of the full accounts for 2022.

 

Stags Fans United

CHAD REPORT ON AGM ON 22nd DECEMBER 2022

Annual meeting reveals how Mansfield Town survived and then thrived post-Covid

chad.co.uk, By John Lomas, published 3rd Jan 2023

Mansfield Town survived the Covid years and then thrived thanks to the backing of owner John Radford followed by the increased attendances since fans were allowed back in.

Stags' success story was revealed at the club's AGM, which was held last week to reveal the club's accounts up to 31st December 2021 after a two year pause and included 2020, when the season was curtailed early due to the pandemic outbreak, and 2021 when football was played behind closed doors.

Company accountant Jim Beachill reviewed the accounts which indicated that in 2020 the club suffered a significant fall in earnings and a loss in excess of £320,000 in that year.

However, Stags have not only survived but emerged even stronger through the support of owner John Radford, and the One Call Group of companies in Doncaster.

Beachill explained to the meeting that in League Two, player wages had to be restricted to half the level of income of the club, which came through the turnstiles, and from the League and other appropriate income - and the EFL were very active in monitoring this.

read more at https://www.chad.co.uk/sport/football/annual-meeting-reveals-how-mansfield-town-survived-and-then-thrived-post-covid-3972848

The fact that Mansfield’s average attendance has continued to rise and was above 6,500 this season was a big help in meeting these obligations.

In attendance were directors Steve Hymas, who answered questions on the Academy, and Alex Sheriff, who is in charge of operational activity at the cluband also answered appropriate questions. Members at the meeting thanked the directors and Beachill for their full explanations on the Stags’ progress.

MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

 

This is a summary of the Mansfield Town accounts for the year ended 31st December 2020 which were approved at the club’s Annual General Meeting on Thursday 22^nd December 2022. These accounts cover the second half of the covid shortened 2019-2020 season when the Stags finished a disappointing 21^st under John Dempster and Graham Coughlan; and the first half of the 2020-2021 season under Graham Coughlan and Nigel Clough when the Stags eventually finished 16^th after failing to win any of the first eleven games.

The headlines are that the football club’s finances were significantly affected by covid and the lockdown. The club made a large loss of £322,593 in 2020 compared to a loss of £50,904 for 2019.

TURNOVER (INCOME)

The club’s total income fell from £5,706,953 in 2019 to £3,074,465.  This was a reduction of £2,632,488.

Match Day Income understandably fell dramatically from £1,268,368 in 2019 to £469,103. A reduction of around £800,000. There were only 5 home games played in front of a crowd. The rest were behind closed doors. The majority of this income must have come from season ticket sales.

 
Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,357,226 in 2019 to £1,556,496.

Commercial Income fell from £3,081,359 in 2019 to £1,048,886.

 

EXPENDITURE

 
Total Wages and Salaries including national insurance contributions and pension costs fell from £5,083,199 in 2019 to £3,143,956.

The average number of staff including directors was 46.

 
Staff whose costs were recharged to group and connected companies were 203 compared to 185 in 2019.

Player Additions (Transfer Fees) amounted to £26,250 compared to £293,750 in 2019. Players signed in 2020 included Jordan Bowery and Rollin Menayese who were signed for undisclosed fees.

Player Disposals were £291,985. Players sold in 2020 included CJ Hamilton and Danny Rose.

Player Agent Fees fell from £133,840 in 2019 to £56,903.

 

Player medical costs were £92,712 compared to £93,446 in 2019.

 

Management Charges were £36,050

 

The rent paid for using Field Mill was £47,210.

 

Academy Funding was £30,000.

 

Energy Bills were reduced from £66,324 in 2019 to £27,010.

 

Travelling Costs were reduced from £96,326 in 2019 to £69,335.

 

Repairs and Maintenance was reduced from £362,209 in 2019 to £88,146

 

Other expenses were:

Legal and Professional £31,091 (2019: £13,907)

Motor Expenses £18,693 (2019: £45,915)

Trade Subscriptions £12,664

Rates £7,220

Telephone and Fax £6,981

Water £6,704

Bank Charges £5,685

Cleaning £4,704

Charity Donations £3,000

Printing and Stationery £2,883

Accountancy Fees £2,820

Entertainment £625

 

 

LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES

The loans owed to One Call and other group companies fell by around £800,000 from £4,523,361 in 2019 to £3,723,391.

The football club was owed £903,989 from companies under common control and £31,203 from fellow group companies.

 

The football club made sales of £891,250 to fellow group companies.

Other creditors amounted to £782,182. This includes around £465,546 owed to Andy Saunders. The last figure given for this loan was in the 2010 accounts.


RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which operates a diverse range of businesses including the football club, a claims handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle damage repair and solar energy.

The sole director of RSCPBR is John Radford and he is the sole shareholder


MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford.

 
Mansfield 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited and the directors of Mansfield Town are John Radford, Carolyn Radford, David Sharpe, Steve Hymas, Mark Burton and Alexandra Sheriff

Thank you John Radford and Carolyn Radford for their financial support of the football club during the difficult times caused by Covid and the lockdown.

 

Stags Fans United