andykeenan Posted February 28, 2014 Share Posted February 28, 2014 @MatKendrick Aston Villa's latest accounts are set to confirm the club is in much better financial health when they are realised shortly Link to comment Share on other sites More sharing options...
The_Steve Posted February 28, 2014 Share Posted February 28, 2014 Good news. Link to comment Share on other sites More sharing options...
theboyangel Posted February 28, 2014 Share Posted February 28, 2014 @MatKendrick Aston Villa's latest accounts are set to confirm the club is in much better financial health when they are realised shortly 'Realised'???? Is this another keenan speelin mistake? Surely it should be 'released'? Anyway - good news!!! Just hope we continue to be in the Prem to spend our new found wealth! Link to comment Share on other sites More sharing options...
Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 We'll be the richest team in the Championship. Well done all concerned. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 @MatKendrick Aston Villa's latest accounts are set to confirm the club is in much better financial health when they are realised shortly I don't think that will come as any surprise to anyone. Link to comment Share on other sites More sharing options...
Popular Post andyh Posted February 28, 2014 Popular Post Share Posted February 28, 2014 Bloody hell, if I got my sporting kicks from waiting for financial results I'd support BAE systems and read the financial times. It's almost like we forget we are FOOTBALL club sometimes. 6 Link to comment Share on other sites More sharing options...
sharkyvilla Posted February 28, 2014 Share Posted February 28, 2014 Bloody hell, if I got my sporting kicks from waiting for financial results I'd support BAE systems and read the financial times. It's almost like we forget we are FOOTBALL club sometimes. I know it's a bit depressing, but it's a case of looking for a bit of context for why the football has been so disappointing and whether we're close enough to be able to afford another go at it over the next couple of years or longer. 1 Link to comment Share on other sites More sharing options...
andyh Posted February 28, 2014 Share Posted February 28, 2014 Bloody hell, if I got my sporting kicks from waiting for financial results I'd support BAE systems and read the financial times. It's almost like we forget we are FOOTBALL club sometimes. I know it's a bit depressing, but it's a case of looking for a bit of context for why the football has been so disappointing and whether we're close enough to be able to afford another go at it over the next couple of years or longer. Oh, don't get me wrong, I fully understand why they are important and why we are interested in them. But flippin' heck, wouldn't it be lovely if it wasn't such a major event. It just shows how the game has changed that the release of the accounts could possibly be a bigger news item than a game of football that we are involved in this weekend. Link to comment Share on other sites More sharing options...
MessiWillSignForVilla Posted February 28, 2014 Share Posted February 28, 2014 (edited) Hopefully the accounts show a healthy profit (in football terms), i.e. more than £1-2m. Also if the wage budget is finally in a stable situation, it's time for RL to put his money where his mouth is. Looking forward to someone with a better understanding of finances to spell it out in layman's terms so we can fully understand the situation. Edited February 28, 2014 by MessiWillSignForVilla Link to comment Share on other sites More sharing options...
The_Steve Posted February 28, 2014 Share Posted February 28, 2014 Aston Villa have issued the following statement following the publication of their latest set of accounts, for the year ending May 31, 2013. Aston Villa announces the waiving of £90.1m of loans from its parent company, vastly reducing the club’s debt load and accelerating the process towards long-term stability and financial self-sufficiency. These loans were converted to equity in December 2013, further strengthening the Club’s capital base. Turnover for the year ended May 31, 2013 was up £3.3m to £83.7m and operating expenses before exceptional items down £6.2m. The Club’s operating loss before exceptional items fell by £9.5m to £42.6m. Robin Russell, chief financial officer, said: “The 2012-13 accounts effectively close a chapter on a period of heavy losses. As we near the end of the 2013-14 season, the Club is financially self-sufficient, compliant with both UEFA’s and the Premier League’s Financial Fair Play requirements and we look forward to a period of continued growth and progress on and off the pitch.” Increase in turnover in 2012-13 was driven largely by improved on-pitch performance and a higher finish in the Barclays Premier League. Higher average league attendance and a semi-final place in the Capital One Cup also contributed. Reduction in operating expenses was driven by rationalisation of the playing squad with amortisation of player’s registrations down £3.1 million and all other expenses down by the same amount. Exceptional charges increased by £2.4million to £8.3 million and included the accelerated amortisation of certain players’ registrations and their employment costs. The accounts now more accurately reflect the value of the squad utilised by the manager. As the squad was being rebuilt, there was no repeat of 2011-12’s record-breaking profit on disposal of player’s registrations (£0.3m loss in 2012-13 as opposed to £26.9m profit in 2011-12). There was also no repeat of the one-off impact in 2011-12 of the waiver of accumulated interest of £20.3m by the owner on loans made to the Club. The group continues to benefit from this largesse to the tune of £6.1 million annually. Although the operating loss fell by £9.5m, the combined effect of the above was to increase the loss after tax for the financial year by £34.1m to £51.8m. This was primarily due to non-recurrence of the high profit on player disposals in 2011-12 (£27.2 m) and waiver of interest (£20.3m). link Link to comment Share on other sites More sharing options...
Popular Post Electric Avenue Posted February 28, 2014 Popular Post Share Posted February 28, 2014 This is the best news since we announced the ground was carbon neutral. 5 Link to comment Share on other sites More sharing options...
andykeenan Posted February 28, 2014 Author Share Posted February 28, 2014 It's all out Turnover for the year ended May 31, 2013 was up £3.3m to £83.7m and operating expenses before exceptional items down £6.2m. The Club’s operating loss before exceptional items fell by £9.5m to £42.6m All here http://www.birminghammail.co.uk/sport/football/football-news/aston-villa-publish-latest-financial-6759801 Link to comment Share on other sites More sharing options...
The_Steve Posted February 28, 2014 Share Posted February 28, 2014 Hopefully the club has turned the corner now. Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 Randy has waived £90m worth of loans, fair play and I tip my hat to him. I may not think he is doing a great job with our club but £90m is a serious amount of money to simply forget about. 2 Link to comment Share on other sites More sharing options...
MessiWillSignForVilla Posted February 28, 2014 Share Posted February 28, 2014 Maybe I was a bit optimistic hoping for a profit then Link to comment Share on other sites More sharing options...
Dodgyknees Posted February 28, 2014 Share Posted February 28, 2014 Randy has waived £90m worth of loans, fair play and I tip my hat to him. I may not think he is doing a great job with our club but £90m is a serious amount of money to simply forget about. Agreed. Will post more when home. Link to comment Share on other sites More sharing options...
Woody1000 Posted February 28, 2014 Share Posted February 28, 2014 I'm not going to lie, I read it 3 times and I'm none the wiser! It sounds better than the last lot, that's all I know. Link to comment Share on other sites More sharing options...
Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 Losses of £43m gulp. I think we are still a few years away from even breaking even to be honest , with the likes of Given Hutton and Zog etc still on the books and write downs etc it's going to be at least another year or 2 of pain Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 Maybe I was a bit optimistic hoping for a profit then Maybe, but £90m that the club owed to Randy is no longer owed. In the long term that helps a great deal, whether it be with Randy selling the club or continuing and giving things another shot. Personally I think it points to a sale IMO. Link to comment Share on other sites More sharing options...
villarule123 Posted February 28, 2014 VT Supporter Share Posted February 28, 2014 Had to skim through it all... so we made a loss of £42m last year?! Link to comment Share on other sites More sharing options...
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