lapal_fan Posted February 25, 2015 Share Posted February 25, 2015 A tiny speck of light at the end of an extremely long tunnel? Link to comment Share on other sites More sharing options...
PieFacE Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 A tiny speck of light at the end of an extremely long tunnel? The tunnel just extends if/when we get relegated to be honest... which appears to be an unfortunate consequence of balancing the books... Link to comment Share on other sites More sharing options...
Jareth Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 Well the 2013/14 accounts are good news because they could signal that austerity is over. But if that were the case then why in 2014/15 have we spent so little again? Big gamble by Lerner, the f*ckin shummanite. Link to comment Share on other sites More sharing options...
Djemba_Villan Posted February 25, 2015 Share Posted February 25, 2015 To the accountants:- Strictly speaking, how much 'debt' are we in? i..e if Lerner were a bank, how much money would be be liable to pay interest on? Just thinking what would happen if we were bought by a bank similarly to when Liverpool were and were nearly plunged into a financial mess. Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 As I said in another thread. We were estimating EBIDTA of £17m - so way off. Link to comment Share on other sites More sharing options...
lapal_fan Posted February 25, 2015 Share Posted February 25, 2015 I think it's roughly £90m-£120m coming directly from Lerners pocket. Link to comment Share on other sites More sharing options...
KHV Posted February 25, 2015 Share Posted February 25, 2015 It would be typical Villa to get the books in order and then get relegated 3 Link to comment Share on other sites More sharing options...
dont_do_it_doug. Posted February 25, 2015 Share Posted February 25, 2015 As I said in another thread. We were estimating EBIDTA of £17m - so way off. Do you know what EBITDA is? Earnings before interest, tax, depreciation and amortisation. So it could well be absolutely spot on. Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 My question is what costs have they added back in to get to £4m loss? Seems to be quite significant to me. Link to comment Share on other sites More sharing options...
Stevo985 Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 Interest, Tax, Depreciation and Amortisation. The clue is in the name 3 Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 What £20m odd? Seems high no? Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 Tax would be on gross profit right? Interest payments are that high? I thought RL wrote off a lot of debt in preparation for a sale? Link to comment Share on other sites More sharing options...
nobler Posted February 25, 2015 Share Posted February 25, 2015 It would be typical Villa to get the books in order and then get relegated But having the books in order is excellent news if we are relegated. Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 True. I think we would be in a good position financially and keep most of the squad. Obv the big names such as Benteke, Delph, Vlaar and Guzan may leave. Link to comment Share on other sites More sharing options...
dont_do_it_doug. Posted February 25, 2015 Share Posted February 25, 2015 What £20m odd? Seems high no? No. It's not just tax is it. Let it lie Link to comment Share on other sites More sharing options...
omariqy Posted February 25, 2015 Share Posted February 25, 2015 Ok. Just £20m worth of interest, tax etc seems high to me given we probably did not make that much of a profit and I thought RL had written off most of the debt. I'll yield to those who know more on this! Link to comment Share on other sites More sharing options...
villa89 Posted February 25, 2015 Share Posted February 25, 2015 But having the books in order is excellent news if we are relegated. It's only good news for Randy Lerner. I don't really give two stuffs how much of his money he loses. Link to comment Share on other sites More sharing options...
snowychap Posted February 25, 2015 Share Posted February 25, 2015 ... The reduction was due in part to a £33.2m increase in turnover to £116.9m and a £12.9m reduction in operating expenses to £121.7m, which resulted in an operating loss of £4.8m compared to £50.9m for the previous year. ... Last year: link from Birmingham Mail article 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. I'm being quite pernickety but it does annoy me when things like this occur thus making direct comparison between headline figures as per 'statements' a little tricky. Link to comment Share on other sites More sharing options...
danceoftheshamen Posted February 25, 2015 Share Posted February 25, 2015 True. I think we would be in a good position financially and keep most of the squad. Obv the big names such as Benteke, Delph, Vlaar and Guzan may leave. So that's even better news then as in my opinion Benteke & Delph have been atrocious this season, Vlaar has been absent or off form virtually for the whole season and Guzan has becoma a little error prone too though would be the biggest miss of that little lot. ...So if those four go that would create some good transfer funds and an even bigger hole in the wage bill than the one which will appear with the contracts of Bent, Nzogbia and a few others coming to an end!! So we would actually be in a very good position financially you would think?.... Also surely we would still get a good windfall for this year from the TV money as we are a Premier League team this season and the money gets paid at the end of the season i believe?? So the Parachute payments would not be kicking in until the following year? This would surely give us a great chance to really go for it if we did go down which is looking likely of course. Link to comment Share on other sites More sharing options...
P3te Posted February 25, 2015 Share Posted February 25, 2015 To the accountants:- Strictly speaking, how much 'debt' are we in? i..e if Lerner were a bank, how much money would be be liable to pay interest on? Just thinking what would happen if we were bought by a bank similarly to when Liverpool were and were nearly plunged into a financial mess. I'm not an accountant, but I think the accounts said that we no longer have debt, but rather a positive asset balance of around 2.1m, following randy writing off that 90.1m Link to comment Share on other sites More sharing options...
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