Discussion in 'Pure Football' started by The Cabbage, Mar 27, 2012.
Financial results announced
Operating expenses are still far too high, even though the increased turnover is very good.
Another reason to believe that Niall done his job! and Ellis is taking forward! Well done SAFC and of course thanks again Niall!
Will Bruce's pay off be included?
Interesting that we're still paying for Welbeck and the other loan deals.
They seem promising, but it's clear that we need a better sponsorship deal.
Well they are improving which is the main thing. Wonder what the wages turnover % is, as someone from the club was quoted as saying they were improving from last years results.
Results only made up till 31st July 2011 so won't be.
Not too bad really.
"The overall loss for the financial year ending July 31st 2011 was reduced by 72% to £7.8m - £20.1m less than the previous year's figure of £27.9m.
The club's operating expenses, which include areas such as staff/player wages, match costs and utilities rose to £110.7m, which resulted in a net operating loss of £31.2m."
Someone explain how it reckons we lost £7.8m, but then the next par down says we lost £31.2m?
How do you work that out?
Those headline figures look much healthier than the last time around, but as always with accounts it's very hard to tell if you're not looking at them properly, they're too easy to manipulate if you know what you're doing.
It says it.
I've just woke up so I could have the wrong end of the stick.
The results refer to the financial year ended 31/07/2011
I'm sure a few Leeds, Plymouth and Pompey fans similarly weren't bothered.
Operating loss will be turnover less operating expenses (Staff Costs, amortisation and impairment of players contracts, plus other operating expenses).
Guessing the difference will be profit on disposal of players contracts.
Since I'm a sad fucker I can't see the accounts on the company house website yet
Separate names with a comma.