I never thought that the day would come that if my club lost £13.5M it would make me happy.
Well that day has come, and that, Rat Man is failure. I hope it hurts!
Sadly this sums me us as well, my first thought when I saw the figure was "I wish it was more", sad times indeed.
It will be much more now, because most of the £4-5m in TV money will have gone, and season ticket sales have fallen through the floor. We just won't find out until next March.
Our strategy for Charlton Athletic is that we are a financially stable club, who can be competitive in the Championship but has Premier League ambitions.
- 7th Jan 2016: during a financial year that resulted in losses of £13,500,000 and a relegation from the Championship (Quotation: Evening Standard)
Dear oh dear. In one way yes we are all a little bit happy he's taken such a hit financially, but it does highlight the need for a quick sale imo as you can be sure KR will no money in the summer at all, and that could really mean a real threat of relegation next season
Dear oh dear. In one way yes we are all a little bit happy he's taken such a hit financially, but it does highlight the need for a quick sale imo as you can be sure KR will no money in the summer at all, and that could really mean a real threat of relegation next season
That's of course assuming we've got enough in the tank this season
Turnover increased from £11.8m to £12.1m. So basically, that season we spent £25.6 million!
Total staff costs (wages and salaries, social security and other pension costs) were 14.06 million (116% of 12.1 million turnover), so other costs would be about 11.6 million.
14.06 million staff costs compares with 11.48 the previous year, an increase of 22.5%.
What on earth is 'Premier League Productivity Data' .... is it their measure for the number of players we were priviliged to watch before they moved on to Premiership clubs as per KM's Dublin appearance?!
"Increased football costs of nearly £4.0m spent primarily on player salaries and transfers as the club spent money in January to try and maintain Championship status"
Lolz.
Sonogo, Fanni, Motta, Yun, RoJo, Rhys Williams (but only for a month), Tex--who else am I missing?
I've said before that I don't think this is about money to Roland because we spent a fair amount in January (not all of it well, mind). I think it's about ego.
Looking at that list, Fanni and Motta were definitely quality players but both took a while to get fit. Tex was a very good addition, Yun decent, but it just sort of reeks of desperation and having no foresight or planning in place.
According to note 21 it would appear that none of the Harriott, Pope, Cousins and Gudmundson transfer fees were included in these latest financials and of course the Lookman and Fox fees definitely won't be until the current years financials are prepared on 30/6/17.
Whether these windfalls will have offset the ongoing monthly losses this season against the backdrop of lower gate receipts, TV money and sponsorship remains to be seen.
Why not, they were all sold in the summer? Did we get no money up front? That seems really strange.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
Turnover increased from £11.8m to £12.1m. So basically, that season we spent £25.6 million!
So the season-ticket boycott and the plummeting gates won't be shown until the next set of accounts. Hopefully Duchatalet will be long gone by the time we get to laugh at those.
According to note 21 it would appear that none of the Harriott, Pope, Cousins and Gudmundson transfer fees were included in these latest financials and of course the Lookman and Fox fees definitely won't be until the current years financials are prepared on 30/6/17.
Whether these windfalls will have offset the ongoing monthly losses this season against the backdrop of lower gate receipts, TV money and sponsorship remains to be seen.
Why not, they were all sold in the summer? Did we get no money up front? That seems really strange.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
The accounts are due for March 31st, so the accounting year for the club ended 9 months prior - or June 30th.
If the loss rate is still the same, I take comfort in knowing that since this thread started an hour and 10 minutes ago, he has lost what an average U.K. person takes home per month.
This time next year if Rd is here.What could the loss be?.taking in account player sales July 2016 and Lookman etc Jan 2017.Could it be a profit?.If we don't buy summer 2017.
According to note 21 it would appear that none of the Harriott, Pope, Cousins and Gudmundson transfer fees were included in these latest financials and of course the Lookman and Fox fees definitely won't be until the current years financials are prepared on 30/6/17.
Whether these windfalls will have offset the ongoing monthly losses this season against the backdrop of lower gate receipts, TV money and sponsorship remains to be seen.
Why not, they were all sold in the summer? Did we get no money up front? That seems really strange.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
The accounts are due for March 31st, so the accounting year for the club ended 9 months prior - or June 30th.
Weren't most of the sales done in July?
You're right, sorry I hadn't read the dates, doing too many things at once.
According to note 21 it would appear that none of the Harriott, Pope, Cousins and Gudmundson transfer fees were included in these latest financials and of course the Lookman and Fox fees definitely won't be until the current years financials are prepared on 30/6/17.
Whether these windfalls will have offset the ongoing monthly losses this season against the backdrop of lower gate receipts, TV money and sponsorship remains to be seen.
Why not, they were all sold in the summer? Did we get no money up front? That seems really strange.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
The accounts are due for March 31st, so the accounting year for the club ended 9 months prior - or June 30th.
Weren't most of the sales done in July?
You're right, sorry I hadn't read the dates, doing too many things at once.
Leave that to the women, we aren't supposed to multi task
According to note 21 it would appear that none of the Harriott, Pope, Cousins and Gudmundson transfer fees were included in these latest financials and of course the Lookman and Fox fees definitely won't be until the current years financials are prepared on 30/6/17.
Whether these windfalls will have offset the ongoing monthly losses this season against the backdrop of lower gate receipts, TV money and sponsorship remains to be seen.
Why not, they were all sold in the summer? Did we get no money up front? That seems really strange.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
The accounts are due for March 31st, so the accounting year for the club ended 9 months prior - or June 30th.
Weren't most of the sales done in July?
You're right, sorry I hadn't read the dates, doing too many things at once.
No worries, I had to look up the dates to try and work out exactly what was going on in that period anyway. There's a few bits that seem to defy explanation!
Comments
Roland doesn't do failure.
Just saying.
14.06 million staff costs compares with 11.48 the previous year, an increase of 22.5%.
I've said before that I don't think this is about money to Roland because we spent a fair amount in January (not all of it well, mind). I think it's about ego.
Looking at that list, Fanni and Motta were definitely quality players but both took a while to get fit. Tex was a very good addition, Yun decent, but it just sort of reeks of desperation and having no foresight or planning in place.
I should note there may be tax reasons for not including those sales in the '15-'16 books.
Weren't most of the sales done in July?
@MountsfieldPark picked out an interesting bit though: This may be relevant to trying to peice together some of the later decisions!