The Accounts are out.

[SheffieldVillain]

Randy must be reeeaaaalllly pleased with Lambert spunking over £40 mill of his money on mostly shite playing staff then!!

Considering if we sold them all tomorrow we'd make a profit I doubt he's in tears.

No chance.  Benteke apart, maybe Vlaar, the rest?  Really?  Kozak, Luna, KEA.  Have you been drinking lol.

Every chance.

Guzan, Bennett, Vlaar, Okore, Bacuna, El Ahmadi, Helenius, Steer, Luna, Westwood, Sylla, Benteke, Tonev, Kozak, Lowton.

You'd get 35m-40m for Benteke, Vlaar, Okore, Guzan and Kozak alone.

[kippaxvilla2]

Converting debt to equity occurs when the lender converts a loan amount (or a loan amount represented by outstanding bonds) into equity shares. No cash exchange occurs in the debt-to-equity swap.

For example, if a corporation with an outstanding loan has interim financial difficulties, the lender may request a debt-to-equity swap. The corporation would give up a percentage of ownership in the business in order to exchange debt to equity shares. If the corporation owed $100 million, the company might agree to give the lender a 10 percent or greater ownership in the enterprise in exchange for the debt to equity conversion.

PS that was from a website not me.

Basically as someone said earlier, the loan wasnt serviceable so he has converted it.

[kippaxvilla2]

Well it will still include Ireland's, Bents, Huttons, Dunns, Givens salaries.

Bent, Given and Hutton are still with us though. Am I over worrying? I thought we'd be a lot closer to breaking even not £42m of losses. How significant are the losses?

They are still significant but the plan to get us back into the black is well underway.  The massive turd in the waterpipe could be relegation.

[silhillvilla]

This is the best news out of the club since we announced the ground was carbon neutral

[bertlambshank]

Anybody know if TV money is classed as turnover please?

[Steve67]

Randy must be reeeaaaalllly pleased with Lambert spunking over £40 mill of his money on mostly shite playing staff then!!

Considering if we sold them all tomorrow we'd make a profit I doubt he's in tears.

No chance.  Benteke apart, maybe Vlaar, the rest?  Really?  Kozak, Luna, KEA.  Have you been drinking lol.

Every chance.

Guzan, Bennett, Vlaar, Okore, Bacuna, El Ahmadi, Helenius, Steer, Luna, Westwood, Sylla, Benteke, Tonev, Kozak, Lowton.

You'd get 35m-40m for Benteke, Vlaar, Okore, Guzan and Kozak alone.

Lambert didn't sign Guzan.  Perhaps, you may be right, that's what makes this an interesting topic.  My personal opinion is that we wouldn't get a lot for Bennett, KEA, Helenius, Steer, Sylla, Lowton.  We'll see!!

[Dave]

Lambert didn't sign Guzan. 

Who do you think did then?

[SheffieldVillain]

Randy must be reeeaaaalllly pleased with Lambert spunking over £40 mill of his money on mostly shite playing staff then!!

Considering if we sold them all tomorrow we'd make a profit I doubt he's in tears.

No chance.  Benteke apart, maybe Vlaar, the rest?  Really?  Kozak, Luna, KEA.  Have you been drinking lol.

Every chance.

Guzan, Bennett, Vlaar, Okore, Bacuna, El Ahmadi, Helenius, Steer, Luna, Westwood, Sylla, Benteke, Tonev, Kozak, Lowton.

You'd get 35m-40m for Benteke, Vlaar, Okore, Guzan and Kozak alone.

Lambert didn't sign Guzan.  Perhaps, you may be right, that's what makes this an interesting topic.  My personal opinion is that we wouldn't get a lot for Bennett, KEA, Helenius, Steer, Sylla, Lowton.  We'll see!!

Technically he did as he was a free agent but arguable I guess.

You might be right that we wouldn't get a lot for some of those, but it would be very difficult not to make some profit on them as we signed them for peanuts in the first place. As you say, an interesting topic.

[Ad@m]

Anybody know if TV money is classed as turnover please?

Yes, it is.  It's classed as 'Media income' and last year it constituted £47m of our £80m total turnover.

[bertlambshank]

Anybody know if TV money is classed as turnover please?

Yes, it is.  It's classed as 'Media income' and last year it constituted £47m of our £80m total turnover.

Ta.

[ChicagoLion]

Can some financial geek on here tell me what Loans converted to equity means please.

You own 100% of a company. You then loan it a ton of money to keep it afloat. The company owes you that money. You then decide to issue a shitload of extra shares in that company, and buy them yourself. Effectively you've bought your own debt back, leaving the company debt-free and you the poorer.

So how does that affect the financial fair play rules?

It doesn't because the Financial Fair Play Rules will be manipulated in favour of the big clubs.

[Ad@m]

It'll be interesting to see the accounts as I'm not sure I can work out Robin Russell's comment that as we near the end of this season we're financially self-sufficient.

However his comments do support what a lot of us have been saying, that by this summer the wage bill should be largely sorted and we may well see a very different transfer window.

[PeterWithesShin]

Randy must be reeeaaaalllly pleased with Lambert spunking over £40 mill of his money on mostly shite playing staff then!!

Considering if we sold them all tomorrow we'd make a profit I doubt he's in tears.

No chance.  Benteke apart, maybe Vlaar, the rest?  Really?  Kozak, Luna, KEA.  Have you been drinking lol.

So actually there is every chance. Lol

[Toronto Villa]

Randy must be reeeaaaalllly pleased with Lambert spunking over £40 mill of his money on mostly shite playing staff then!!

Considering if we sold them all tomorrow we'd make a profit I doubt he's in tears.

No chance.  Benteke apart, maybe Vlaar, the rest?  Really?  Kozak, Luna, KEA.  Have you been drinking lol.

Every chance.

Guzan, Bennett, Vlaar, Okore, Bacuna, El Ahmadi, Helenius, Steer, Luna, Westwood, Sylla, Benteke, Tonev, Kozak, Lowton.

You'd get 35m-40m for Benteke, Vlaar, Okore, Guzan and Kozak alone.

Lambert didn't sign Guzan.  Perhaps, you may be right, that's what makes this an interesting topic.  My personal opinion is that we wouldn't get a lot for Bennett, KEA, Helenius, Steer, Sylla, Lowton.  We'll see!!

can you not take that bollocks elsewhere and leave this thread to talk about the finances? There's good discussion and debate on here and there's loads of other places you could go to tell the world how shit everything is. FFS.

[ciggiesnbeer]

Can anyone explain how we still lost £42m? Where is it all going?

I am not a CFO but in the USA at least it is common for companies to take a loss on obviously bad acquisitions all at once so as to avoid dragging it out over several financial years such as goodwill impairment charges. It looks like Villa may have done something similar last year. Just decided to take a bunch of unpleasantness and eat it to avoid messing up the books in the future. That combined with Lerner's debt forgiveness is probably the reason the CFO is so upbeat.*

*my completely uneducated guess.