AndrewP
Striker
operating expenses 110 million
turnover 79 million
any other industry and we'd be closed down
Football plays by different rules. Not many other sports where you can "sell" an employee you've had since they were a kid for £35 million.
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operating expenses 110 million
turnover 79 million
any other industry and we'd be closed down
On this basic level I agree, we can't seem to keep costs under control
weren't expenses only 80m last time?
On this basic level I agree, we can't seem to keep costs under control
operating expenses 110 million
turnover 79 million
any other industry and we'd be closed down
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.
Thats cashflow not P&L though surely?They are, because in most cases you haven't even received most of the money.
I should have emphasized this instead of 'amortized'
We'll still be being paid for both Bent and Henderson
Thats cashflow not P&L though surely?
So you are saying we still hold a portion of Bent and/or Henderson on the Balance sheet?
I have to say the figures look pretty shite. A 7m loss in a year we sold £40m+ worth of players! Never mind player depreciation taking it to 30m+ loss.
Even taking out that £30m depreciation from the £110m figure our operating costs were £80m!!! Far far too high and our wages to turnover ratio must be absurd.
We have got one!
They are, because in most cases you haven't even received most of the money.
I should have emphasized this instead of 'amortized'
We'll still be being paid for both Bent and Henderson
yes and they will sit in the trade debtors account having hit the P&L.I'm saying Villa and Pool will still owe us cash after these results, and you can't balance sheet that until it arrives. Project it yes, so most of it should arrive in the 2011 - 12 results I guess, in a year
They are, because in most cases you haven't even received most of the money.
I should have emphasized this instead of 'amortized'
We'll still be being paid for both Bent and Henderson
The only way to get a proper handle on these results, is to view the figures through an impartial medium, rather than the club's official website.
So I'll wait before I commment until I've read tonight's Evening Chronicle or tomorrow morning's Journal before speculating whether these figures are good, bad or indifferent.
The only way to get a proper handle on these results, is to view the figures through an impartial medium, rather than the club's official website.
So I'll wait before I commment until I've read tonight's Evening Chronicle or tomorrow morning's Journal before speculating whether these figures are good, bad or indifferent.