Quote from: Chico Hamilton III on March 10, 2016, 03:46:48 PMIs there any other industry where such a lack of talent is so well rewarded? Boy bands.
Is there any other industry where such a lack of talent is so well rewarded?
Quote from: Richard E on March 10, 2016, 03:48:07 PMQuote from: Chico Hamilton III on March 10, 2016, 03:46:48 PMIs there any other industry where such a lack of talent is so well rewarded? Boy bands.Law firms 😉
Lerner just seems to be total numbskull who surrounds himself with total fuckwits who systematically bleed him dry. How the hell he has any money left is beyond me.
Quote from: Risso on March 10, 2016, 03:59:33 PMQuote from: Richard E on March 10, 2016, 03:48:07 PMQuote from: Chico Hamilton III on March 10, 2016, 03:46:48 PMIs there any other industry where such a lack of talent is so well rewarded? Boy bands.Law firms 😉Politics
Quote from: Risso on March 10, 2016, 10:04:06 AMAs 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.Assuming the majority of the £3.3 million for 'exceptional costs' is for Lamberts pay off, then Fox should be sacked for that. Lambert signed a new deal and was sacked within a few months, that was a hugely unneccessary expense. It also suggests that there's no chance Garde will be sacked, which to be honest I'm happy enough with.
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.
It would be nice to have a full day of uninterrupted good news at Aston Villa. The last time was probably the FA Cup semi-final.
At least it should put paid to the idea that lerner is somehow bleeding the club dry. He's merely killing the club through incompetence.
Quote from: Ger Regan on March 10, 2016, 03:52:21 PMAt least it should put paid to the idea that lerner is somehow bleeding the club dry. He's merely killing the club through incompetence.Maybe a question for Risso this, and I'm getting second hand information a bit, so apologies in advance if this is nonsense.Reform Acquisitions Ltd is our uk holding company if I'm not mistaken, and their accounts are on Companies house.However, Reform Acquisitions LLC is Randy's American business, which is the holding company of Reform Acquisitions Ltd, and as such is not viewable on companies house as it isn't UK registered.I guess what I'm saying is, do we know for sure Randy isn't taking money through that?
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Topic: The Long Awaited Accounts.... (Read 128335 times)
