David Icke - Son of God Posted March 27, 2013 Share Posted March 27, 2013 Key points: -Overall profit for second successive year (£1.4m). -Turnover increased by 5.4% (£93.3m). -Wage bill increased by 20% (£64.1m) -Wage bill/turnover ratio rose by 8.1% (68.7%). It's ok, not particularly great. Was hoping for a little better if im honest. Wage bill should be interesting come the start of the new season. Debuchy, Haidara, Goof, Mbwia & Sissoko in, Xisco, Ranger, Simpson, Harper & Ba out. Wonder how much room that leaves us to bring in the players we need. Suppose you might as well add Colo to that list. What the fuck? We've made an overall profit. How is not "not particularly great"? With all the penny pinching of the Ashley regime I expected a little more. It's no wonder we didnt buy in the summer. Please expand. What? You just seem to have a greater knowledge of the cost cutting we've underwent and how much it should be saving us. I was hoping you could fill me in. I never said cost cutting, that implies were selling things, downgrading. But thanks for putting words in my mouth to try and start some bullshit argument. Cost cutting, penny pinching. Semantics tbh. You seem to know more than the rest of us about the lengths the club are going to make savings. I was just hoping you'd enlighten the rest of us. Link to post Share on other sites More sharing options...
Dokko Posted March 27, 2013 Share Posted March 27, 2013 Key points: -Overall profit for second successive year (£1.4m). -Turnover increased by 5.4% (£93.3m). -Wage bill increased by 20% (£64.1m) -Wage bill/turnover ratio rose by 8.1% (68.7%). It's ok, not particularly great. Was hoping for a little better if im honest. Wage bill should be interesting come the start of the new season. Debuchy, Haidara, Goof, Mbwia & Sissoko in, Xisco, Ranger, Simpson, Harper & Ba out. Wonder how much room that leaves us to bring in the players we need. Suppose you might as well add Colo to that list. What the fuck? We've made an overall profit. How is not "not particularly great"? With all the penny pinching of the Ashley regime I expected a little more. It's no wonder we didnt buy in the summer. Please expand. What? You just seem to have a greater knowledge of the cost cutting we've underwent and how much it should be saving us. I was hoping you could fill me in. I never said cost cutting, that implies were selling things, downgrading. But thanks for putting words in my mouth to try and start some bullshit argument. Cost cutting, penny pinching. Semantics tbh. You seem to know more than the rest of us about the lengths the club are going to make savings. I was just hoping you'd enlighten the rest of us. No it's not semantics, if I meant cost cutting I'd have said that. We penny pinched over the summer in terms of transfers (why I mentioned transfers funnily enough) see the Debuchy deal as an example, we didnt cost cut, that would mean selling a player like Tiote, Cabaye and buying a cheaper replacement. So you see, it's not semantics, it's you being a knob. Link to post Share on other sites More sharing options...
Guest icemanblue Posted March 27, 2013 Share Posted March 27, 2013 Rich! Rich! Look: Link to post Share on other sites More sharing options...
David Icke - Son of God Posted March 27, 2013 Share Posted March 27, 2013 Key points: -Overall profit for second successive year (£1.4m). -Turnover increased by 5.4% (£93.3m). -Wage bill increased by 20% (£64.1m) -Wage bill/turnover ratio rose by 8.1% (68.7%). It's ok, not particularly great. Was hoping for a little better if im honest. Wage bill should be interesting come the start of the new season. Debuchy, Haidara, Goof, Mbwia & Sissoko in, Xisco, Ranger, Simpson, Harper & Ba out. Wonder how much room that leaves us to bring in the players we need. Suppose you might as well add Colo to that list. What the fuck? We've made an overall profit. How is not "not particularly great"? With all the penny pinching of the Ashley regime I expected a little more. It's no wonder we didnt buy in the summer. Please expand. What? You just seem to have a greater knowledge of the cost cutting we've underwent and how much it should be saving us. I was hoping you could fill me in. I never said cost cutting, that implies were selling things, downgrading. But thanks for putting words in my mouth to try and start some bullshit argument. Cost cutting, penny pinching. Semantics tbh. You seem to know more than the rest of us about the lengths the club are going to make savings. I was just hoping you'd enlighten the rest of us. No it's not semantics, if I meant cost cutting I'd have said that. We penny pinched over the summer in terms of transfers (why I mentioned transfers funnily enough) see the Debuchy deal as an example, we didnt cost cut, that would mean selling a player like Tiote, Cabaye and buying a cheaper replacement. So you see, it's not semantics, it's you being a knob. You said you expected better financial results, which suggests you were referring to savings that the club were already making. Talking about signings we did or didn't make in the summer in the context of these results makes no sense. Link to post Share on other sites More sharing options...
Dokko Posted March 27, 2013 Share Posted March 27, 2013 Key points: -Overall profit for second successive year (£1.4m). -Turnover increased by 5.4% (£93.3m). -Wage bill increased by 20% (£64.1m) -Wage bill/turnover ratio rose by 8.1% (68.7%). It's ok, not particularly great. Was hoping for a little better if im honest. Wage bill should be interesting come the start of the new season. Debuchy, Haidara, Goof, Mbwia & Sissoko in, Xisco, Ranger, Simpson, Harper & Ba out. Wonder how much room that leaves us to bring in the players we need. Suppose you might as well add Colo to that list. What the fuck? We've made an overall profit. How is not "not particularly great"? With all the penny pinching of the Ashley regime I expected a little more. It's no wonder we didnt buy in the summer. Please expand. What? You just seem to have a greater knowledge of the cost cutting we've underwent and how much it should be saving us. I was hoping you could fill me in. I never said cost cutting, that implies were selling things, downgrading. But thanks for putting words in my mouth to try and start some bullshit argument. Cost cutting, penny pinching. Semantics tbh. You seem to know more than the rest of us about the lengths the club are going to make savings. I was just hoping you'd enlighten the rest of us. No it's not semantics, if I meant cost cutting I'd have said that. We penny pinched over the summer in terms of transfers (why I mentioned transfers funnily enough) see the Debuchy deal as an example, we didnt cost cut, that would mean selling a player like Tiote, Cabaye and buying a cheaper replacement. So you see, it's not semantics, it's you being a knob. You said you expected better financial results, which suggests you were referring to savings that the club were already making. Talking about signings we did or didn't make in the summer in the context of these results makes no sense. I don't understand, the money we've made, any extra cash is expected to be spent where? So whatever the club is doing is what we've got to spend on players, the accounts come out now, but the finances will have been forecast for over the summer and effected our spending. If we're living within our means, which we are, these accounts directly effect transfers, no? Am I not getting that right like? I don't mind having a conversation if that's what you want, I don't mind being informed either, but please enlighten us or greater knowledge shit is only meant to antagonise, don't pretend otherwise. Link to post Share on other sites More sharing options...
oldtype Posted March 27, 2013 Share Posted March 27, 2013 It's staggering that we're making an operating profit. If you'd asked me a few years ago I would've thought it would be about as unlikely as us making the Champions League. Link to post Share on other sites More sharing options...
jdckelly Posted March 27, 2013 Share Posted March 27, 2013 an actual honest to goodness operating profit from a football club with no cl cash to create it? rare Link to post Share on other sites More sharing options...
Dave Posted March 27, 2013 Share Posted March 27, 2013 So is the profit in the OP before player sales? Link to post Share on other sites More sharing options...
Shays Given Tim Flowers Posted March 27, 2013 Share Posted March 27, 2013 As much as its good that we appear to be on a sound financial footing is our (financial) progress under Ashley not rendered largely obsolete by the new TV deal at the end of the season? Link to post Share on other sites More sharing options...
Kanji Posted March 27, 2013 Share Posted March 27, 2013 Link to post Share on other sites More sharing options...
Dave Posted March 27, 2013 Share Posted March 27, 2013 As much as its good that we appear to be on a sound financial footing is our (financial) progress under Ashley not rendered largely obsolete by the new TV deal at the end of the season? In theory we'll have the extra money to spend whereas other clubs would have to use it to pay off debts. Which they won't. Open top bus parade! Link to post Share on other sites More sharing options...
Guest fluctuator Posted March 27, 2013 Share Posted March 27, 2013 A small profit means paying a small tax Link to post Share on other sites More sharing options...
Disco Posted March 27, 2013 Share Posted March 27, 2013 A small profit means paying a small tax Fucking Gordon Brown, the one eyed cunt. Link to post Share on other sites More sharing options...
Beren Posted March 27, 2013 Share Posted March 27, 2013 A small profit means paying a small tax I'm always quite curious about the policies etc utilised in preparing a set of accounts for a football club, but at the same time, far too lazy to investigate the underlying figures. I see your point, but either way, it's very difficult to extract profits from a club without attracting tax - whether its shown on the summary page of the accounts or otherwise. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted March 27, 2013 Share Posted March 27, 2013 For the month of April everyone should use Mike Ashley avatars as a show of support for our Glorious Leader, less important posters may use Derek Llambias avatars. Link to post Share on other sites More sharing options...
David Icke - Son of God Posted March 27, 2013 Share Posted March 27, 2013 Key points: -Overall profit for second successive year (£1.4m). -Turnover increased by 5.4% (£93.3m). -Wage bill increased by 20% (£64.1m) -Wage bill/turnover ratio rose by 8.1% (68.7%). It's ok, not particularly great. Was hoping for a little better if im honest. Wage bill should be interesting come the start of the new season. Debuchy, Haidara, Goof, Mbwia & Sissoko in, Xisco, Ranger, Simpson, Harper & Ba out. Wonder how much room that leaves us to bring in the players we need. Suppose you might as well add Colo to that list. What the fuck? We've made an overall profit. How is not "not particularly great"? With all the penny pinching of the Ashley regime I expected a little more. It's no wonder we didnt buy in the summer. Please expand. What? You just seem to have a greater knowledge of the cost cutting we've underwent and how much it should be saving us. I was hoping you could fill me in. I never said cost cutting, that implies were selling things, downgrading. But thanks for putting words in my mouth to try and start some bullshit argument. Cost cutting, penny pinching. Semantics tbh. You seem to know more than the rest of us about the lengths the club are going to make savings. I was just hoping you'd enlighten the rest of us. No it's not semantics, if I meant cost cutting I'd have said that. We penny pinched over the summer in terms of transfers (why I mentioned transfers funnily enough) see the Debuchy deal as an example, we didnt cost cut, that would mean selling a player like Tiote, Cabaye and buying a cheaper replacement. So you see, it's not semantics, it's you being a knob. You said you expected better financial results, which suggests you were referring to savings that the club were already making. Talking about signings we did or didn't make in the summer in the context of these results makes no sense. I don't understand, the money we've made, any extra cash is expected to be spent where? So whatever the club is doing is what we've got to spend on players, the accounts come out now, but the finances will have been forecast for over the summer and effected our spending. If we're living within our means, which we are, these accounts directly effect transfers, no? Am I not getting that right like? I don't mind having a conversation if that's what you want, I don't mind being informed either, but please enlighten us or greater knowledge shit is only meant to antagonise, don't pretend otherwise. I challenged you when you said a £1.2m profit was "not great", which is a simply ridiculous statement. I don't understand how signings have any impact on how good or bad these set of results are. Link to post Share on other sites More sharing options...
Unbelievable Posted March 27, 2013 Share Posted March 27, 2013 Good set of results, especially in light of the huge losses the competition are posting, but I'm a bit surprised by the increase in wages to turnover percentage. I expected it to be closer to, or just below 60% (at least before the January influx). Didn't Lambiass refer to our wage to turnover ratio being very healthy not so long ago, or did I make that up? Link to post Share on other sites More sharing options...
Rebellious Posted March 27, 2013 Share Posted March 27, 2013 Not sure if any of this will help anyone. I know its last years but it is detailed and shows we are going in the right direction. I have detailed reports, the clubs aims and goals etc in minute detail but its Crown Copyrighted so I won`t post anything that hasn`t been published elsewhere. I have logged in and can`t find 2011/12 yet, maybe in a few days. Date Of Accounts 30/06/11 (%) 30/06/10 (%) 30/06/09 (%) 30/06/08 (%) 30/06/07 Turnover £88,464,000 68.8% £52,417,000 -39.1% £86,075,000 -13.4% £99,358,000 14.1% £87,083,000 Wages & Salaries £53,585,000 12.9% £47,458,000 -35.3% £73,312,000 4.8% £69,965,000 17.1% £59,756,000 Directors Emoluments £302,000 15.3% £262,000 -26.8% £358,000 539.3% £56,000 -100% £1,061,433,000 Operating Profit -£3,940,000 88.2% -£33,474,000 11.1% -£37,667,000 -52.4% -£24,711,000 4.8% -£25,960,000 Interest Payments £151,000 -91.8% £1,835,000 89.2% £970,000 -85.4% £6,636,000 2.8% £6,458,000 Pre Tax Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,309,000 40.6% -£34,197,000 Retained Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,316,000 40.6% -£34,197,000 Cash £9,515,000 - 0 - 0 - 0 -100% £9,309,000 Miscellaneous Current Liabilities £14,981,000 40.8% £10,639,000 -29.1% £15,005,000 5.4% £14,238,000 -78.4% £65,900,000 Bank Loans & Overdrafts and £19,755,000 -58.7% £47,834,000 -22.4% £61,676,000 -55.8% £139,619,000 133.1% £59,891,000 LTL Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 27, 2013 Share Posted March 27, 2013 I'd question the wages to turnover ratio myself personally, it wasn't even that high during the crazy days of FS towards his end was it? Good that we are turning a profit but general turnover and commercial revenue could be much better. I'm sure both were once a lot higher under FS and co no? Either way we are clearly on good footing from a financial perspective and in a very good position especially when compared to others in the league and indeed world football. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted March 27, 2013 Share Posted March 27, 2013 I'd question the wages to turnover ratio myself personally, it wasn't even that high during the crazy days of FS towards his end was it? Good that we are turning a profit but general turnover and commercial revenue could be much better. I'm sure both were once a lot higher under FS and co no? Either way we are clearly on good footing from a financial perspective and in a very good position especially when compared to others in the league and indeed world football. You would question then as in you think we have submitted false accounts to Companies House? Link to post Share on other sites More sharing options...
ponsaelius Posted March 27, 2013 Share Posted March 27, 2013 Indeed or rather yes. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted March 27, 2013 Share Posted March 27, 2013 http://www.guardian.co.uk/football/table/2009/jun/03/premier-league-turnover-wages-debt 2007-08 - 74% Link to post Share on other sites More sharing options...
quayside Posted March 27, 2013 Share Posted March 27, 2013 A small profit means paying a small tax I'd be surprised if we pay any tax for the foreseeable future. We have many years of significant tax losses banked up and they can be used to offset any profits that we make. Link to post Share on other sites More sharing options...
Unbelievable Posted March 27, 2013 Share Posted March 27, 2013 Not sure if any of this will help anyone. I know its last years but it is detailed and shows we are going in the right direction. I have detailed reports, the clubs aims and goals etc in minute detail but its Crown Copyrighted so I won`t post anything that hasn`t been published elsewhere. I have logged in and can`t find 2011/12 yet, maybe in a few days. Date Of Accounts 30/06/11 (%) 30/06/10 (%) 30/06/09 (%) 30/06/08 (%) 30/06/07 Turnover £88,464,000 68.8% £52,417,000 -39.1% £86,075,000 -13.4% £99,358,000 14.1% £87,083,000 Wages & Salaries £53,585,000 12.9% £47,458,000 -35.3% £73,312,000 4.8% £69,965,000 17.1% £59,756,000 Directors Emoluments £302,000 15.3% £262,000 -26.8% £358,000 539.3% £56,000 -100% £1,061,433,000 Operating Profit -£3,940,000 88.2% -£33,474,000 11.1% -£37,667,000 -52.4% -£24,711,000 4.8% -£25,960,000 Interest Payments £151,000 -91.8% £1,835,000 89.2% £970,000 -85.4% £6,636,000 2.8% £6,458,000 Pre Tax Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,309,000 40.6% -£34,197,000 Retained Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,316,000 40.6% -£34,197,000 Cash £9,515,000 - 0 - 0 - 0 -100% £9,309,000 Miscellaneous Current Liabilities £14,981,000 40.8% £10,639,000 -29.1% £15,005,000 5.4% £14,238,000 -78.4% £65,900,000 Bank Loans & Overdrafts and £19,755,000 -58.7% £47,834,000 -22.4% £61,676,000 -55.8% £139,619,000 133.1% £59,891,000 LTL WTF Link to post Share on other sites More sharing options...
quayside Posted March 27, 2013 Share Posted March 27, 2013 Not sure if any of this will help anyone. I know its last years but it is detailed and shows we are going in the right direction. I have detailed reports, the clubs aims and goals etc in minute detail but its Crown Copyrighted so I won`t post anything that hasn`t been published elsewhere. I have logged in and can`t find 2011/12 yet, maybe in a few days. Date Of Accounts 30/06/11 (%) 30/06/10 (%) 30/06/09 (%) 30/06/08 (%) 30/06/07 Turnover £88,464,000 68.8% £52,417,000 -39.1% £86,075,000 -13.4% £99,358,000 14.1% £87,083,000 Wages & Salaries £53,585,000 12.9% £47,458,000 -35.3% £73,312,000 4.8% £69,965,000 17.1% £59,756,000 Directors Emoluments £302,000 15.3% £262,000 -26.8% £358,000 539.3% £56,000 -100% £1,061,433,000 Operating Profit -£3,940,000 88.2% -£33,474,000 11.1% -£37,667,000 -52.4% -£24,711,000 4.8% -£25,960,000 Interest Payments £151,000 -91.8% £1,835,000 89.2% £970,000 -85.4% £6,636,000 2.8% £6,458,000 Pre Tax Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,309,000 40.6% -£34,197,000 Retained Profit £32,619,000 290.9% -£17,091,000 -12.5% -£15,197,000 25.2% -£20,316,000 40.6% -£34,197,000 Cash £9,515,000 - 0 - 0 - 0 -100% £9,309,000 Miscellaneous Current Liabilities £14,981,000 40.8% £10,639,000 -29.1% £15,005,000 5.4% £14,238,000 -78.4% £65,900,000 Bank Loans & Overdrafts and £19,755,000 -58.7% £47,834,000 -22.4% £61,676,000 -55.8% £139,619,000 133.1% £59,891,000 LTL WTF Yup. Twas Freddie and Co's final year in the trough. Link to post Share on other sites More sharing options...
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