It's that time of year again!

[pauliewalnuts]

We should never be in profit. Why give to HMRC what you can give to the manager in the trasnfer window?

I take it you're not being entirely serious.

Doug's justification for spending £1.5 million on Cascarino. It would only have gone on tax.

With hindsight, i wish we'd just ponied up the tax.

[eastie]

We should never be in profit. Why give to HMRC what you can give to the manager in the trasnfer window?

I take it you're not being entirely serious.

Doug's justification for spending £1.5 million on Cascarino. It would only have gone on tax.

With hindsight, i wish we'd just ponied up the tax.

Or signed his partner instead teddy sheringham.

[andyh]

@thegoalzone: Villa reveal that despite turnover reducing by 11. 6 million the club have reduced losses from 53.9 to 17.7 mil for year ending may 2012

@thegoalzone: Villa a/cs also reveal attendance down from 37,220 to 33,873

@thegoalzone: Villa owner Randy Learner waived intrest on loans to club of 107.1million creating one time benefit to club of 20.3 million pounds

@thegoalzone: Villas Operating costs reduced from 158.7 million to 138.4 million

@thegoalzone: Villa made 26.9 million pounds on player trading  thats 8.1 million more than previous year

Surely, in the great plan, this is an absolute fuck off success. To reduce losses from nearly £54m to just under £18m is a phenomenal achievement....seriously.

The fact we are flirting with relegation to achieve it, is merely a piffling detail.

George Osbourne take note.

[dave.woodhall]

The amazing thing about Cascarino wasn't that we paid so much for him but that Celtic gave us most of it back.

[pauliewalnuts]

Not that much of a success if 20 million of it is down to Randy writing off interest due, but yes, otherwise, steps in the right direciton.

It's almost as if we're being prepared for sale.

One thing I do hope is that, any more money he puts in to the club is spent a bit more wisely, certainly more sensibly than the wild, badly planned pissing away of cash we've engaged in for the last few years.

[eamonn]

Risso is going to say something kind about him...I can just sense it!

[cdbearsfan]

The amazing thing about Cascarino wasn't that we paid so much for him but that Celtic gave us most of it back.

We should've just given him loads of drugs, like Marseille did. He was excellent for them.

[SoccerHQ]

When are the wage bill figures revealed and it's percentage to our turnover, is that in May figures?

That's the one I'm most interested him seeing as it's the main issue for the last few years.

[Steve R]

Is this going to be a 'Lerner is a twat for letting the manager spend' thread? We haven't had one of those for a good couple of months.

'Lerner is a twat for not backing the manager' threads are getting a bit monotonous.

[silhillvilla]

Much better set of accounts. The CEO deserves a big bonus 

[Ad@m]

When are the wage bill figures revealed and it's percentage to our turnover, is that in May figures?

That's the one I'm most interested him seeing as it's the main issue for the last few years.

We'll get the details of the accounts, including the wage figures, when the accounts become available with Companies House. That should be early next week.

[Villadroid]

The fall in income is troubling because it cannot be accounted for by a drop in attendances alone.

It seems that the substantial increase in the size of the commercial department is not now earning its corn.

Judging by the number of suits which attended the meeting where fans demanded blackboards for noughts and crosses and more Twix bars in the vending machines, Villa is encumbered with an ever-increasing number of managers, which can't be good.

Especially as the trend these days for financial bods to claim they have done a bonus-worthy job even when they have made a loss.

Did I read somewhere that Villa now employ 500 people or did I imagine it?

[Risso]

Is this going to be a 'Lerner is a twat for letting the manager spend' thread? We haven't had one of those for a good couple of months.

'Lerner is a twat for not backing the manager' threads are getting a bit monotonous.

He's just a twat.  Insert your own reasons.

[Rip Van We Go Again]

We should never be in profit. Why give to HMRC what you can give to the manager in the trasnfer window?

I take it you're not being entirely serious.

Doug's justification for spending £1.5 million on Cascarino. It would only have gone on tax.

And Gary Penrice.

[Ad@m]

The fall in income is troubling because it cannot be accounted for by a drop in attendances alone.

It seems that the substantial increase in the size of the commercial department is not now earning its corn.

Judging by the number of suits which attended the meeting where fans demanded blackboards for noughts and crosses and more Twix bars in the vending machines, Villa is encumbered with an ever-increasing number of managers, which can't be good.

Especially as the trend these days for financial bods to claim they have done a bonus-worthy job even when they have made a loss.

Did I read somewhere that Villa now employ 500 people or did I imagine it?

The main driver for most football club income figures is the TV and prize money which are obviously very strongly linked to on-pitch performance.

Effectively in these accounts we'll be comparing 2010/11 with 2011/12 seasons.  In 2010/11 we finished 9th and reached the 5th round of both the FA and League Cups. 

In 2011/12 we finished 16th (so got a much lower league placing award - I think it's roughly £700k per position which accounts for £5m straight away), only made the 4th round of the FA Cup and the 3rd round of the League Cup so there would be lower prize money and lower TV revenue.

The leaked info said that attendances fell by roughly 3,500 per game.  Over 19 home matches that's 66,500 fewer tickets sold.  At a fairly conservative £20 a ticket that's almost £1.5m in lost revenue.  The shorter cup runs also meant we had an extra home cup game in 2010/11 which would've been at least half a million lost in ticket sales.

As for the staff numbers - that probably sounds right if it includes matchday stewards.  There certainly won't be that many fulltime staff.