Financial results out


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Wonder why they chose today to release the results? The game tonight will surely grab the headli....

Ahhhh...
 
I would think our improved merchandising (via Kitbag) will make a difference as well. I couldn't get an away shirt from an official club store for love nor money within a couple of months of it going on sale - and was told they wouldn't be getting more in! SAFC will be better supplied with a better selection of products.
 
You can bet your life come next transfer window most on here will be up in arms if we are not hoying money about all over the shop, 'why arent we paying more wages', give 'him what he wants', 'pay that extra few million' etc etc etc:oops::lol:
 
You can bet your life come next transfer window most on here will be up in arms if we are not hoying money about all over the shop, 'why arent we paying more wages', give 'him what he wants', 'pay that extra few million' etc etc etc:oops::lol:
I remember when Keane was hoying money about, people's stock response was it wasn't our money so don't worry about it. Probably the same people who now slag Keane off.
 
you can over analyse these things but it would appear to be going in the right direction with a slight degree of caution attached.

The 20% increase in turnover is encouraging and should be improved further next year so that is probably the best part of the release. Wages to turnover (although not segregated out) would be an assumption but it still looks high at this point and wouldn't be surprised if it's still between 70-80%.

The important thing for the club would seem to be to generate some stability. Not have so many players coming during the summer and continue to generate additional income.

http://www.journallive.co.uk/safc/s...nancial-fair-play-regulations-61634-30639415/

She said: “The key part of the expenditure is player salary. Players and other staff is around the £60 million mark. Our wage to turnover ratio is 76 per cent and we plan to get that down further. Getting it down to around 60 per cent is a target. That has started already.

The club are also looking to build a hotel on the Stadium of Light site and have set up a new events management company – 1879 Events Management – to try and maximise the number of concerts being held at the stadium.
 
basically
1. clear out the dead wood on big money
2. increase revenue by sponsorship and events
3. sell a player at profit every year to balance things up

the books should eventually balance when we have a more settled and stable squad that doesnt need wholesale changes every window with all the agents fees, pay offs etc that come associated.

i had thought the results would have been a bit more progressive this time with ES ruthless profit squeezing
 
Re: Financial results announced

This is what I understood. I still can't see how Steak Pie can claim if we pay £5m for someone we write it off in full through the P & L account straight away. It's just not what happens.

Dont worry.

You're right.

Steak Pie is wrong.
 
How did clubs depreciate players worth before the Bosman ruling? Not at all?

Not that it should have affected Sunderland.... historically our players really have been worth next to f'all the day after we bought them. Well at least the day after the day they first play for us....
 
How did clubs depreciate players worth before the Bosman ruling? Not at all?

Not that it should have affected Sunderland.... historically our players really have been worth next to f'all the day after we bought them. Well at least the day after the day they first play for us....

The exception being Shaun Cunnington. He was worth less
 
Anyone got hold of the copy of the accounts? Undertakings to the parent company are up to £65m, from £49m in 2010. Anyone remember any cash being injected by Short? I thought the last injection was in 2010's accounts?

Anyone shed any light?
 
Anyone got hold of the copy of the accounts? Undertakings to the parent company are up to £65m, from £49m in 2010. Anyone remember any cash being injected by Short? I thought the last injection was in 2010's accounts?

Anyone shed any light?
Yep and no idea. A short term loan to help with cashflow? Bank overdraft also decreased. The accounts don't include Gyan's loan money and also Ferdinand money.

Can't see anything in the notes either, although I have just glanced at them
 
Yep and no idea. A short term loan to help with cashflow? Bank overdraft also decreased. The accounts don't include Gyan's loan money and also Ferdinand money.

Can't see anything in the notes either, although I have just glanced at them

People can guess all they want to but the only ones will know are the accountants and the auditors.
 
People can guess all they want to but the only ones will know are the accountants and the auditors.
True, plus they are interest free.

Personally I don't think Short is here to make much money through the P&L, through dividends, but on the capital gain when he sells up, and to be honest, if he sold the club tomorrow, he would make a profit (if there was a viable buyer)imo.
 
True, plus they are interest free.

Personally I don't think Short is here to make much money through the P&L, through dividends, but on the capital gain when he sells up, and to be honest, if he sold the club tomorrow, he would make a profit (if there was a viable buyer)imo.

How much did he pay for it?
 
True, plus they are interest free.

Personally I don't think Short is here to make much money through the P&L, through dividends, but on the capital gain when he sells up, and to be honest, if he sold the club tomorrow, he would make a profit (if there was a viable buyer)imo.


Net Assets = negative £26m, would be hard pushed to find any invester willing to pay for such a lopsided balance sheet! But I guess it's hardly unusual in football these days. Different world!!
 
Drumaville paid a little over 20 million and they made a 'small profit' when selling up to ES.
 
Drumaville paid a little over 20 million and they made a 'small profit' when selling up to ES.

reports said Bob Murray sold to Drumaville for £10m...but the club had around £40m debts..
Drumaville must have sold for more but the debts were still there...
 
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