Interesting stuff WSS, Brizzle look effed - bottom half of all the Revenue Graphs and Top half of Expenditure- and staring relegation. Can only be gross mis-management.
Interesting stuff WSS, Brizzle look effed - bottom half of all the Revenue Graphs and Top half of Expenditure- and staring relegation. Can only be gross mis-management.
They may have re-structured some of their finances this season as the above figures all relate to last. They took Baldock from under our noses this year so what does that say about us?
Gross debt is the total amount owed. Net debt is after allowing for any cash and deposits. So if you have an overdraft of £1,000 and a savings account of £100, then your gross debt is £1,000 and net debt £900.
Don't know enough about this but could someone explain how Palace had a net debt of 10-11m when they just came out of administration with (i assume) all debts being wiped.
A great set of numbers to show us all how the Championship clubs have c. 1 BILLION of debt between them. Notice no accounts for Portsmouth and Coventry!
Stability, improvement year on year, good players coming out of the academy and the occasional signing get you promoted without breaking the bank...And of course owners who can afford to cover the losses.
Notice that clubs with low debts have spent some time in the Premier League or with Leeds and Palace have been through administration.
Interesting stuff WSS, Brizzle look effed - bottom half of all the Revenue Graphs and Top half of Expenditure- and staring relegation. Can only be gross mis-management.
They may have re-structured some of their finances this season as the above figures all relate to last. They took Baldock from under our noses this year so what does that say about us?
It says we weren't prepared to pay the ridculous wage that Bristol C were. I can't remember the figure, but it was outrageous, at a guess, something like £15k per week.
How many has he scored ? Probably about 5 in the league. About £150K per goal :-)
Gross debt is the total amount owed. Net debt is after allowing for any cash and deposits. So if you have an overdraft of £1,000 and a savings account of £100, then your gross debt is £1,000 and net debt £900.
Interesting stuff WSS, Brizzle look effed - bottom half of all the Revenue Graphs and Top half of Expenditure- and staring relegation. Can only be gross mis-management.
They may have re-structured some of their finances this season as the above figures all relate to last. They took Baldock from under our noses this year so what does that say about us?
It says we weren't prepared to pay the ridculous wage that Bristol C were. I can't remember the figure, but it was outrageous, at a guess, something like £15k per week.
Exactly my point, if they had 15k a week to splash they must have had it in the first place, we don't have £15 a week to throw around at the moment
Interesting stuff WSS, Brizzle look effed - bottom half of all the Revenue Graphs and Top half of Expenditure- and staring relegation. Can only be gross mis-management.
They may have re-structured some of their finances this season as the above figures all relate to last. They took Baldock from under our noses this year so what does that say about us?
It says we weren't prepared to pay the ridculous wage that Bristol C were. I can't remember the figure, but it was outrageous, at a guess, something like £15k per week.
Exactly my point, if they had 15k a week to splash they must have had it in the first place, we don't have £15 a week to throw around at the moment
I believe they are funded by their Chairman, Steve Lansdown who part owns Hargreaves Lansdown Stockbrokers. I believe it's in the form of a loan.
I think the numbers really demonstrate that they don't have it to throw about. But they were prepared to spend it anyway. That is what sensible clubs are up against.
I think the numbers really demonstrate that they don't have it to throw about. But they were prepared to spend it anyway. That is what sensible clubs are up against.
Yes, just seems that clubs are prepared to have a couple of years in the doldrums after administration, and then build up with zero or next to nothing debts again. However, didnt Soton go into Admin? then again, they've got that bloke Liebherr bank-rolling the debts i suppose.
What would be interesting is the split of debt between owners and 3rd parties. Owing £50 million to your Chairman is a lot less serious (if he's prepared to bankroll you) than owing £1m to HMRC, £5m to Barclays, £3m to other clubs etc
Even we seem to be building up a sizeable debt to TJ/MS/Koc/whoever
I think the numbers really demonstrate that they don't have it to throw about. But they were prepared to spend it anyway. That is what sensible clubs are up against.
Yes, just seems that clubs are prepared to have a couple of years in the doldrums after administration, and then build up with zero or next to nothing debts again. However, didnt Soton go into Admin? then again, they've got that bloke Liebherr bank-rolling the debts i suppose.
He died. The club is now owned by his estate. He'd lent Southampton £33mn but the trustees of the estate have converted that into shares in the club, so the debt was wiped out. (Liebherr make bloody good domestic fridges.)
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Tell that to Portsmouth
Stability, improvement year on year, good players coming out of the academy and the occasional signing get you promoted without breaking the bank...And of course owners who can afford to cover the losses.
Notice that clubs with low debts have spent some time in the Premier League or with Leeds and Palace have been through administration.
How many has he scored ? Probably about 5 in the league. About £150K per goal :-)
http://en.wikipedia.org/wiki/Hargreaves_Lansdown
Even we seem to be building up a sizeable debt to TJ/MS/Koc/whoever