The club’s target for academy graduates making up the first team squad is 30%. It’s normally met but was 21% last season (6 of 28) but 4 were transferred during the season (Phillips, Doughty, doesn’t name the other two, who were they?).
The club’s target for academy graduates making up the first team squad is 30%. It’s normally met but was 21% last season (6 of 28) but 4 were transferred during the season (Phillips, Doughty, doesn’t name the other two, who were they?).
£362k director emoluments- that to current directors or previous directors?
Directors may include Roddy, Mumford and perhaps Gallen depending on the period coveted.
Could also be Southall
Roddy and Mumford have never been directors of the company so not them. Directors during the year would be relevant and there were a few of them - Florica, Mihail and Nimer, as well as Rifkind and Sandgaard. Gallen wasn’t a director after the ESI takeover on Jan 2020, I.e. not in the relevant financial year.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
The club’s target for academy graduates making up the first team squad is 30%. It’s normally met but was 21% last season (6 of 28) but 4 were transferred during the season (Phillips, Doughty, doesn’t name the other two, who were they?).
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
Sorry - I should have explained - an FRI lease is a Fully Repairing and Insuring Lease - so in effect the owner of the land passes over all maintenance to the tenant
It may be my maths are off but isn't £500k a hundreth of the £50m Roland wants? It would seem to be a decent rental price and more sensible than buying the assets.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
What do others think?
It’s a lot better if you have Championship or PL revenue than it is in L1.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
What do others think?
It’s a lot better if you have Championship or PL revenue than it is in L1.
That is true, but owning the ground or not, the club is not a L1 club and those that have kept it there over the years should be ashamed.
Looks like the annual rent for The Valley & Sparrows Lane is £623k
If that was the case though you’d expect the year 1-5 liability to be just shy of £2.5m and it’s not. It’s £2.315m. Plus the new deal didn’t kick in until part way through 2020/21, so the figure for this financial year won’t repeat.
It looks as if it’s £579k but TS previously said it was £500k and there could be something else in there.
£500k-£600k annual rent for both The Valley and training ground doesn’t feel THAT exorbitant to me.
What do others think?
It’s a lot better if you have Championship or PL revenue than it is in L1.
That is true, but owning the ground or not, the club is not a L1 club and those that have kept it there over the years should be ashamed.
It's a bit of a bargain really. Birmingham FC, for a similar size stadium, (not sure if the training ground is even included) have a rental agreement running until 2031. It is £1.25mn per year - double the amount we are paying. In addition there is a rent review in 2025 when the rent will go up somewhere between 5-22% depending upon UK interest rates.
I don't think it's terrible and you have to look at the thing in the round - Duchatelet had saddled the club with £44m of debt when he sold it to ESI. However, the key question is always affordability - Birmingham's turnover is circa £23m; Charlton's is about a third of that in L1 and two thirds of that in the Championship. It's a big chunk of the income for something that cost a notional £50k a year for the previous 30 years - equivalent to about a quarter of all season-ticket revenue. Think of it as not buying - or selling - a £500,000 player every season.
Comments
- what would profit on disposal of leasehold assets £8M in 2021, £0 in 2020) relate to?
There appears to be another 3rd party loan of £350k to facilitate investment in fixed assets of the youth academy. Wonder who that is?
Could also be Southall
Not excusing Farnell or Nimar but Southall was the pig with his snout in the trough.
Gallen was on the board at the end of the RD era but I assumed he came off when ESI came in