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Addicks confirm £7.4m operating loss
WSS
Posts: 25,099
http://www.votvonline.com/
"The total staff costs of £12.0m represented 101 per cent of turnover, as opposed to 104 per cent the previous year."
"The total staff costs of £12.0m represented 101 per cent of turnover, as opposed to 104 per cent the previous year."
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Sack the board!!1
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I blame Powell for his wild spending spree over the summer..................17
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"Operating expenses were up £3.0m to £17.3m, reflecting the increase in player wages resulting from promotion. The total staff costs of £12.0m represented 101 per cent of turnover, as opposed to 104 per cent the previous year."
Ouch!0 -
Wonder how many millions were out of court payouts5
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Not good at all...way more than certain people on here estimated...1
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This is all pre-Roland though isn't it?0
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Whatever we think of Roland, Madonna was spot on !
"because the man with the cold, hard cash, is always Mr Right"1 -
There must have been some mega promotion clauses in place.0
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Ouch0
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Wowzers. Why would anyone buy a football club?!
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Not being an expert in the requisite areas, how does that leave us in the light of Financial Fair Play?
If Roland wants to break even next year, that means savings of c. £7.5m. Where is that going to come from? We have to get the pitch replaced in the close season and that will cost a fair bit....0 -
That £570k doesn't seem enough for Yann and Dale combined, even taking into account their contractual positions. Would that be the full amounts payable, or could it be what was actually received up front, with more to follow in instalments? Any football accountants on here know what needs to be put in the accounts?0
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Yes. (Apart from the advance disclosure of transactions in the current financial year for the player transfers. I'm not really sure why those got a mention they are hardly material.)The Red Robin said:This is all pre-Roland though isn't it?
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operational losses I'm assuming includes financing the academy and stadium etc, neither of which come under financial fairplay, which is staff wages and transfer fees, staff wages being only slightly more than the money the club makes and transfer fees not really existant. This means you can spend £100 million on a new hovering training facility and yet still pass financial fair play.iainambler said:Not being an expert in the requisite areas, how does that leave us in the light of Financial Fair Play?
If Roland wants to break even next year, that means savings of c. £7.5m. Where is that going to come from? We have to get the pitch replaced in the close season and that will cost a fair bit....1 -
They'll be in the next set of accounts :- )nth london addick said:Wonder how many millions were out of court payouts
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So all those people were sacked and only 3 percent was saved ?0
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How to make a small fortune from owning a football club.
Start with a big one.1 -
Even more reason to get Poyet on a contract to at least obtain some half decent money for him but I'm sure the club are more than aware of this need.
Does anyone know about the loan repayments to former directors if we get back to the Prem? Are they still contingent liabilities or were they 'settled' as part of RD's takeover? Also, is there any money still owed to TJ/MS/KC?0 -
We got £570,000 for the sales of Yann and Dale combined? Am I reading that wrong because it can't be that we shipped off those two for a maximum of < £300,000 each. Because that would be insane.0
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I would think, that they were initial payments with more to follow.Garrymanilow said:We got £570,000 for the sales of Yann and Dale combined? Am I reading that wrong because it can't be that we shipped off those two for a maximum of < £300,000 each. Because that would be insane.
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"However, by June 2013 the club owed parent company Baton 2010 Limited £18.4m - an increase of more than £9m on a year earlier. Against this bank loans and overdrafts reduced from £6.4m in 2012 to £4.8m in 2013."
So a £9m increase in the debt to the holding company in one year.0 -
1m a month magic man slater
Ill put it in but i want it back with interest0 -
These figures are for the 2012/2013 season not the current one. They are figures before we where bought, and player wages will include a bonus for promotion. TSo these are costs for are first season in the championship. But they do look bad and can see why previous lot ran out of money.1
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Whats the number for the company so I can have a look myself?0
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I'm changing the article because having thought about it this will be Shelvey transfer money. It says elsewhere the report was signed off on January 17th, even though it's only been lodged in the last week. Apologies for the excitement!guinnessaddick said:
I would think, that they were initial payments with more to follow.Garrymanilow said:We got £570,000 for the sales of Yann and Dale combined? Am I reading that wrong because it can't be that we shipped off those two for a maximum of < £300,000 each. Because that would be insane.
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07326155 is baton0
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when are these figures up to? If it's 2012/13 season or even to 31st December 2013 then how can they include fees received in January 2014?1
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02689249 is cafc Holdings0
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All this confuses me. So are the club still in debt since the takeover or has RD paid it off as part of the purchase fee?0
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One thing to add is that the club revalued its fixed assets and increased their value in the accounts by £5m which offset the loss, but I will leave the accountants to comment on that.2
