collapse collapse

Please donate to help towards the costs of keeping this site going. Thank You.

Follow us on...

Author Topic: The Long Awaited Accounts....  (Read 111816 times)

Offline SoccerHQ

  • Member
  • Posts: 42391
  • Location: Down, down, deeper and Down.
  • GM : 19.06.2021
Re: The Long Awaited Accounts....
« Reply #15 on: March 10, 2016, 08:42:13 AM »
Lifted from elsewhere but things I don't get:

Wages and Salaries.....

2014- 60 406

2015- 74, 321

This was even before the spending this summer, how on earth did staff wages rise by 15K? We signed Senderos, Carlos Sanchez, Richardson, Gil and Joe Cole in that time! Did we not sell anyone that summer, I can't remember? Looks like it was stuff like Man. United making us pay most of Cleverley's wages perhaps for the season.

Yeah continuing my inner Risso....confirmation that we spent £57.1m this season compared to 0.1m the summer before.....

Looks like our the fees for the foreign signings were as high as predicted....Ayew 12m, Traore, 12m etc.

Just looking at the accounts and it claims Tom Fox was appointed on November 5th 2014.

I was sure it was around September but maybe you can exonerate him from the Lambert contract extension if that's true.

Edit: And from reading the accounts our commercial turnover was in 2015 19, 449 down from 22, 020 from previous year if I've intepreted it correctly.

Tom was supposed to increase this particularly as our staff cost numbers went up by about 30...

Apologies if I've interpreted any of this data wrongly but that does not look good at all and that was a season we stayed up and reached a cup final which we don't usually do.

Online kippaxvilla2

  • Member
  • Posts: 22669
  • Location: Back in Solihull
Re: The Long Awaited Accounts....
« Reply #16 on: March 10, 2016, 08:52:20 AM »
Tom Fox was indeed appointed on 5th November 2014 and those wages would have gone up when we switched from young and hungry to experienced and not so hungry.

Offline Hillbilly

  • Member
  • Posts: 2317
  • Location: Mid-table
Re: The Long Awaited Accounts....
« Reply #17 on: March 10, 2016, 09:00:34 AM »
Any indication of cash interest cover, gearing etc?

Offline SoccerHQ

  • Member
  • Posts: 42391
  • Location: Down, down, deeper and Down.
  • GM : 19.06.2021
Re: The Long Awaited Accounts....
« Reply #18 on: March 10, 2016, 09:01:36 AM »
Any indication of cash interest cover, gearing etc?

Wait until Risso wakes up. ;)

Online andyh

  • Member
  • Posts: 15577
  • Age: 58
  • Location: Solihull
  • GM : May, 2012
Re: The Long Awaited Accounts....
« Reply #19 on: March 10, 2016, 09:10:28 AM »

"Pre tax loss £27.8m increased from £3.9m previous year"

I am not a financial expert so purely in laymans terms...............How the fuck is this allowed to happen ?

I guess that loss will be chicken feed compared to the losses that will follow being relegated.

Online kippaxvilla2

  • Member
  • Posts: 22669
  • Location: Back in Solihull
Re: The Long Awaited Accounts....
« Reply #20 on: March 10, 2016, 09:14:12 AM »
Blaming Fox for falling commercial revenues maybe a bit of a false narrative on this occasion given that he would've only been here six month to that year end.  So his boust about increasing shirt sales this year probably means we have done better than £19m in the ensuing period but then again who knows.....

Offline ozzjim

  • Moderator
  • Member
  • Posts: 29983
  • Location: Here.
  • GM : 30.08.2022
Re: The Long Awaited Accounts....
« Reply #21 on: March 10, 2016, 09:24:11 AM »
How on earth did our wage bill rise that much!

Offline Cleybrooke

  • Member
  • *
  • Posts: 292
  • GM : 05.09.2024
Re: The Long Awaited Accounts....
« Reply #22 on: March 10, 2016, 09:30:57 AM »
The smoking gun aimed at a Fox. 

Offline SoccerHQ

  • Member
  • Posts: 42391
  • Location: Down, down, deeper and Down.
  • GM : 19.06.2021
Re: The Long Awaited Accounts....
« Reply #23 on: March 10, 2016, 09:31:40 AM »
How on earth did our wage bill rise that much!

Guess it was D*lph getting an extra 6 month's pay, Hutton got a new contract....Gabby. I fear aswell Man. United got us to pay most of Cleverley's salary aswell, we've been mugged off on loan deals before like Jenas.

Shows you how mess up things are that we spend 0.1m net last summer and the wages still went up by 15k.

Online PaulWinch again

  • Member
  • *
  • Posts: 49021
  • Location: winchester
  • GM : 25.05.2024
Re: The Long Awaited Accounts....
« Reply #24 on: March 10, 2016, 09:39:36 AM »
How on earth did our wage bill rise that much!

I don't understand that at all, and it is a damning stat given our performance.

Offline Risso

  • Member
  • *
  • Posts: 84837
  • Location: Leics
  • GM : 04.03.2025
Re: The Long Awaited Accounts....
« Reply #25 on: March 10, 2016, 10:04:06 AM »
As others have said, turnover all round is down slightly at £115m compared to £116m last year.  Gate receipts and sponsorship were slightly up, TV and commercial down, with the commercial bit showing the biggest drop by £3m.

Operating expenses were up by £21m, and when you add in a decrease in the profit on sale of players and interest, the loss for the year increased from £3.8m to £27.3m.

Wages went up by £14m, with £3.3m of exceptional costs, which would be Lambert's pay off, with possibly a small amount for Faulkner.

The highest paid director last year was Faulkner I assume, on £265K.  This year it'll be Fox, and he got, wait for it, £1.3m.  Worth every penny, I'm sure you'll agree.

Other points of interest is that Lerner has written of most of the remaining debt that's owed to the trust/him, with another £84m written off (ie converted to equity).  In addition, he put another £7m in cash in, in return for shares.  Whatever he has done, you can't argue that he's taken money out.  We now only the trus about £10m, and we have a overdraft of £20m.  The issued share capital of the company is therefore £315m, which to get to where we are now, you would have to say is a pretty dismal return.

Other than that, we spent £57.1m on new players in the summer, and recouped £40.5m.
« Last Edit: March 10, 2016, 10:06:07 AM by Risso »

Offline sid1964

  • Member
  • Posts: 3002
  • Location: Dudley, not far from the Castle
Re: The Long Awaited Accounts....
« Reply #26 on: March 10, 2016, 10:05:51 AM »
I think that a few points that can be gleaned from our accounts

1. No wonder no one wants to buy us, even the Wolves announced a profit yesterday!

2. You can understand now why no money was available for transfers in January

3. When we are relegated at the end of this season, it will be a fire sale down at the Villa, virtually any offer for our players will be accepted (and other clubs will realise this)

4. The only signings this summer will be free transfers or loan deals (from Championship / foreign clubs)

5. Most importantly of all WE ARE FUCKED!

Online kippaxvilla2

  • Member
  • Posts: 22669
  • Location: Back in Solihull
Re: The Long Awaited Accounts....
« Reply #27 on: March 10, 2016, 10:06:17 AM »
Was just about to ask that Mart - I saw the additional write off - that is another conversion from debt to equity isn't it?

« Last Edit: March 10, 2016, 10:08:03 AM by kippaxvilla2 »

Online dave.woodhall

  • Moderator
  • Member
  • *
  • Posts: 61442
  • Location: Treading water in a sea of retarded sexuality and bad poetry.
Re: The Long Awaited Accounts....
« Reply #28 on: March 10, 2016, 10:07:25 AM »
The £84 million he's written off - is that in return for anything, or is it just gone forever?

Offline levico

  • Member
  • Posts: 2689
Re: The Long Awaited Accounts....
« Reply #29 on: March 10, 2016, 10:08:43 AM »
But what does it all mean?

Any views on Lerner's potential reaction to this shambles?

Should we prepare ourselves for years of decline and further relegations?

 


SimplePortal 2.3.6 © 2008-2014, SimplePortal