2010 Aston Villa accounts

[Shrek]

Just found this link, abit worrying really.

http://astonvilla-views.com/2011/02/26/villa-record-a-loss-of-37m-for-the-year-avfc/

[dave.woodhall]

What do we keep telling you about looking there? You'll go blind.

[Phil from the upper holte]

Don't look at that the internet is for porn

[TheSandman]

I don't find it that worrying. It will be interesting to here Risso's take though as he is for more qualified than I to judge how worried one should be.

I'm guessing that if we are willing to sanction a potential £24million signing then the board are not too concerned with the finances. Either that or they are raging idiots.

The increased wage bill is a concern but something we all anticipated from last years accounts.

[Dave]

Just found this link, abit worrying really.

http://astonvilla-views.com/2011/02/26/villa-record-a-loss-of-37m-for-the-year-avfc/

It's extremely worrying that people are looking at Ian Robathan's website and taking it as anything more serious than the rantings of an illiterate dimwit.

[Dave Cooper please]

He spent years and years and gallons of saliva trying to get rid of Ellis and now we have one of the best owners possible he spends just as much time trying to break the internet worrying about him too.

Ignore, wait for the grown-ups to peruse the finances first.

[Risso]

Even better than Tit Monday, it's Reform Acquisitions Limited Accounts Saturday!


The financial headlines are: (2009 figures in brackets)


Turnover £91m (£84m)


Operating expenses £141m (£128M)


Operating loss £50m (£44m)


Profit on player disposals £18m (£3m)


Interest payments (£5m) (£5m)


Total loss £38m (£46m)


Turnover is broken down as:


Matchday £24m (£23m)
Media £52m (£49m)
Commercial £14m (£12m)


Total £91m (84m)


Wages £80m (£70.5m)
Management charge £800K (£7.7m)


The only other interesting thing to note is that the club has cancelled £8m worth of the outstanding management charge to the parent company in return for the sale of £8m of freehold land.  If you check the fixed asset note, this was "construction in progress".  Anybody hazard a guess as to what this was?  I'd guess something to do with the newly incorporated Reform Acquisitions Realty Limited, but other than that no idea.


So, another big loss then.


Anyway, I've got to get up at 6am to catch the ferry, so that's all for now.  TTFN.

[Michel Sibble]

I smell a mods merge...

[Michel Sibble]

With Risso posting the same thing, do we worry now?

[AV82EC]

Couple of points from me, I'm disappointed with the Turnover figure was hoping it would be nearer £100m and the Matchday and Commercial figures havent moved on as much as hoped.  Still worried that we're living above our means but we really need to improve that Turnover and curb the wages if we're to look more viable.

[Fuse]

Those figures are horrendous!!

There is no way Randy can afford to keep bank rolling losses like this. Next year will be even worse. I think we may have to sell Ash, Downing and Gabby to try and cut the debt.

[eamonn]

Oh God. I can sense all the bean counters getting collective semis.
And Villadawg cracking his knuckles and giving a quick chuckle before embarking on the dissection of his life.

[eamonn]

How did wages go up so much when we didn't buy anyone in 2010 and got rid of deadwood like Harewood, Shorey and Gardner?

[eastie]

What month is it until or is it the end of 2010?
If until end of last season maybe the milner money would offset the loss a bit.

[Phil from the upper holte]

Those figures are horrendous!!

There is no way Randy can afford to keep bank rolling losses like this. Next year will be even worse. I think we may have to sell Ash, Downing and Gabby to try and cut the debt.

Why? I'm pretty sure randy knows what's going on? He wouldn't have agreed to sign Bent & Makoun if we were going to sell everyone else.