The Long Awaited Accounts....

[SirSteveUK]

Purslow has inferred he's been primed for this, I hope that's still the case.
Smith mentioning getting players value up a few times in recent weeks suggests a blood-to-sell policy. Maybe we've agreed to sell Grealish in the event of non-promotion to stave-off an embargo.

This belief that Purslow has “done a deal” just doesn’t stack up. Every other club would contest such a deal as they’ve complied with the rules. Clubs have been relegated or have not been promoted due to complying with the rules while we’ve recklessly ignored them. Any “deal” struck by Purslow is likely to be deemed invalid.

If Purslow has “done a deal” then it would been based on an undertaking to sell players and slash the wage bill, which hasn’t happened.  Signing Abrahams on high wages rather flies in the face of that.

I can see a big points deduction and a lengthy transfer embargo. 

Either/or - not both

[Toronto Villa]

Or neither

[aj2k77]

Albion are going to get Pulised in the play offs, it will be hillarious, stripey twats. They'll want the manager out again then.

[lovejoy]

Basically this says the ownership they have in the club is worth c £30m, they've pumped in c£60m in the year and written half of it off.

How do make a millionaire football club owner? Start as a billionaire.

[SoccerHQ]

Purslow has inferred he's been primed for this, I hope that's still the case.
Smith mentioning getting players value up a few times in recent weeks suggests a blood-to-sell policy. Maybe we've agreed to sell Grealish in the event of non-promotion to stave-off an embargo.

Looks like Grealish would need to be sold 3 times over but even that wouldn’t help - it’s the ongoing wage bill which has to be slashed

Most of our high earners will go in the summer though. Richards contract finally up and he must be on 40k. Whelan and Jedinak will also be in 30-40k range. Maybe someone will finally take McCormak off our hands given he has 1 year left.

Think Kodjia will also be sold aswell. We signed him for 12m so he will have a weekly wage to reflect a 12m player and they don't come cheap.

That will help a little bit surely?

Our strategy for last few years has been all wrong. Just signing senior players in their 30s who are on high wages at prem or top end prem clubs.

We need to find value so I'd say our January window is first example of that.

[Mister E]

Like a fair few before them they were lucky to escape having their collars felt for such financial goings on.  Allegedly.

If this is even part-true it may explain how Purslow may have reached some sort of deal with the EFL. He has remained very upbeat throughout about the non-risk of FFP to the club.

[paul_e]

Purslow has inferred he's been primed for this, I hope that's still the case.
Smith mentioning getting players value up a few times in recent weeks suggests a blood-to-sell policy. Maybe we've agreed to sell Grealish in the event of non-promotion to stave-off an embargo.

Looks like Grealish would need to be sold 3 times over but even that wouldn’t help - it’s the ongoing wage bill which has to be slashed

Most of our high earners will go in the summer though. Richards contract finally up and he must be on 40k. Whelan and Jedinak will also be in 30-40k range. Maybe someone will finally take McCormak off our hands given he has 1 year left.

Think Kodjia will also be sold aswell. We signed him for 12m so he will have a weekly wage to reflect a 12m player and they don't come cheap.

That will help a little bit surely?

Our strategy for last few years has been all wrong. Just signing senior players in their 30s who are on high wages at prem or top end prem clubs.

We need to find value so I'd say our January window is first example of that.

I saw somewhere that had worked it out, based on the wages listed in football manager (which are probably about 90% accurate) we'll save somewhere around £15-20m on wages in the summer, and about 2/3rds of that is players who rarely play or who will be on the verge of retiring. I think they included selling Kodjia, Bjarnason and Lansbury and maybe Taylor as well.

[SoccerHQ]

We really have to cull our senior players. No more thinking Lansbury might come good if we give him another season (which he spends most of injured again). Of course we need to find buyers but contracts are running down at least. Lansbury and Taylor have been here for 2 and a half years now after all.

[john e]

We really have to cull our senior players. No more thinking Lansbury might come good if we give him another season (which he spends most of injured again). Of course we need to find buyers but contracts are running down at least. Lansbury and Taylor have been here for 2 and a half years now after all.

any Bruce players on high wages apart from McGinn we won’t be able to sell
good job we have a lot of oldies out of contract at the end of the season

[sickbeggar]

So basically we're looking at probably a 60m loss?Only Villa could spend 8 years reducing costs and getting high earners off the book and still be this much in the shit. We should have cancelled players contracts and took a massive hit the season we went down.

[wozwebs]

RECON accounts are out. Looks like new owners pumped in £68m to basically keep us afloat.

[Three Spires Villa]

RECON accounts are out. Looks like new owners pumped in £68m to basically keep us afloat.

Any other bits? Are the wages in RECON accounts?

[Ads]

We've used excluded losses in You Devlopment to drop by £11m the overall loss.

It's all a bit Byzantine for me. Accounts are a department I moan about, not something I know a great deal of. Not with my shoes and socks on anyway.

[Ads]

The accounts say in the Directors statement that we're FFP compliant for 2018/19.

[Risso]

A quick potted review of the full accounts to 31 May 2018:


Turnover down from £74m to £69m


Operating expenses up from £115m to £122m


Operating loss before player trading up to £54m from £41m


Profit on player trading down from £27m to £16m


Overall operating loss up from £14m to £38m




On taking over the club, the new owners injected £30m, followed by a further £38m.  They've injected more since as well.


Gate receipts were up from £10.7m to £11.8m, but broadcasting was down from £48m to £40m. Sponsorship nd commercial were largely unchanged.


The £48m loan to whichever of Xia's companies provided it has been paid back.


The directors had this to say about FFP: