Financial results for year ending May 2020
Kilmarnock Football Club posted a profit of £61,483 in the year ending 31 May 2020.
This profit signifies a reduction on the previous financial year which saw the club post a profit of £125, 096.
As the onset of the Coronavirus pandemic brought a premature end to the 2019/20 campaign, the club has sought to meet the challenges with the help of fantastic backing from our loyal supporters.
Main Financial Matters
With the 2019/20 season brought to a close after 30 of the scheduled 38 matches due to COVID-19, the club ended the season in eighth place in the Scottish Premiership.
Our participation in the Europa League qualifiers came to a disappointing early finish as we exited the competition to Connah’s Quay Nomads in the first round but the gate receipts from the match accounted for £112,651 in revenue.
We exited both cup competitions in agonising fashion, losing on penalty kicks to Hibernian in the League Cup quarter final while a 4-3 extra time loss to Aberdeen in a Scottish Cup replay was heart-wrenching for all involved.
The transfer fees received for the sales of Greg Taylor to Celtic and Academy prospect Liam Smith to Manchester City were reinvested into the club infrastructure and these funds were very important given the impact of the shortened season from March onwards.
Directors Billy Bowie and Phyllis McLeish committed further funds to the club in times of great need, in excess of £400,000.
Money from fans purchasing season tickets as well as regular monthly contributions from Trust in Killie has helped to offset some of the financial impact of the pandemic.
Kilmarnock FC has been proudly rooted in our community for over 150 years and we are hugely grateful to the outstanding support we have received from everyone to ensure that we emerge from this worldwide crisis with our foundations secure and our resolve strengthened.
The Kilmarnock Football Club Limited will hold our Annual General Meeting on Monday, April 12, 2021 at 7pm.
How do I register to attend the AGM?
This year’s AGM will take place via a controlled zoom webinar due to the constraints caused by the ongoing global COVID-19 pandemic. In order to register to attend, shareholders must request access to the Club Secretary, Karen Costello via email on firstname.lastname@example.org.
When will the AGM take place?
This year’s AGM will take place live via zoom at 7pm on Monday 12th April 2021.
How will the club communicate the login details?
The login details for the AGM will be sent to registered email addresses who have contacted the club secretary requesting a link to view this. The email will include a link and instruction on how to login to the portal. Please note that is it your responsibility to ensure you have sufficient internet capabilities and access to a laptop, phone or tablet. There will be a live chat function available on the night for anyone requiring support.
How can I submit a question for consideration from the panel?
As the pandemic has made it impossible for us all to gather in one room, questions should be submitted to the Club Secretary before 5pm on Wednesday 7th April 2021 in order to be considered by the panel.
Naturally, we will endeavour to respond to as many questions as we can, however shareholders are reminded that they can contact the Club Secretary following the AGM if they feel they need clarification on any points discussed.
How will we manage nominated persons for resolutions?
If you are happy to be nominated as a shareholder who will first and second any motions, please notify the Club Secretary and we will make the panel aware of the shortlist on the evening.
Who will be speaking at the AGM?
Each director will discuss key topics relating to their main areas of responsibility while Head of Football Operations James Fowler and Manager Tommy Wright will also speak about matters relating to the playing side at the club.
Who do I contact with general question or a request for support?
Please contact the Club Secretary in the first instance and she will direct your query to the relevant person if she cannot answer your question.
Why are there no proxy forms?
There are no proxy forms due to the online format of this year’s AGM. This is a result of the COVID-19 Pandemic.