Marka Ragnos Posted February 24, 2015 Author VT Supporter Share Posted February 24, 2015 So in the latest accounts we made a loss again. Down from £50 odd million to nearly £4m. Surprising because in the BoA sale prospectus we were down to make £17m EBIDTA Are you saying that we didn't do as well as the prospectus said we would? Link to comment Share on other sites More sharing options...
omariqy Posted February 24, 2015 Share Posted February 24, 2015 Quite a way off from what the prospectus estimated. Link to comment Share on other sites More sharing options...
Djemba_Villan Posted February 24, 2015 Share Posted February 24, 2015 (edited) Paying off Lambert's contract Hiring Sherwood Further amortisation of crap like N'Zog/Bent Amortisation of Vlaar Delph's new deal Fees paid in January None of the above are cheap. never mind the fact that we have more than likely VASTLY underachieved the expected commercial income this season due to pitiful performances. TV will be down, gates down, marketing down, corporate down. Edited February 24, 2015 by Djemba_Villan 1 Link to comment Share on other sites More sharing options...
AvfcTheObsession Posted February 24, 2015 Share Posted February 24, 2015 This is the accounts for 2013/14 (cover up to end of May '14). So Lambert's pay off, hiring Sherwood, Delph's new deal, etc. will not be in there. Link to comment Share on other sites More sharing options...
Marka Ragnos Posted February 24, 2015 Author VT Supporter Share Posted February 24, 2015 Quite a way off from what the prospectus estimated. ... None of the above are cheap. never mind the fact that we have more than likely VASTLY underachieved the expected commercial income this season due to pitiful performances. TV will be down, gates down, marketing down, corporate down. ... So ... are we on a downward death-spiral? Have the wings come off? 1 Link to comment Share on other sites More sharing options...
wazzap24 Posted February 24, 2015 Share Posted February 24, 2015 Quite a way off from what the prospectus estimated. ... None of the above are cheap. never mind the fact that we have more than likely VASTLY underachieved the expected commercial income this season due to pitiful performances. TV will be down, gates down, marketing down, corporate down. ... So ... are we on a downward death-spiral? Have the wings come off? I'd say they came off a while ago tbh! What we are witnessing is the result of sustained austerity and a lot of awful decisions at board level. If we do go down, it could be a disaster that lasts for some time. Link to comment Share on other sites More sharing options...
supernova26 Posted February 24, 2015 Share Posted February 24, 2015 (edited) So we made a £4 million loss 2013/2014? That's nothing compared to what we were losing and not far off a profit. Not many football teams run at a profit. 2014/2015 we'll be in profit (accounts for this season). Anyone got a link to the financial report? Edited February 24, 2015 by supernova26 Link to comment Share on other sites More sharing options...
The Fun Factory Posted February 24, 2015 Share Posted February 24, 2015 So the irony could be we finally have got the finances on a even keel, and then could get relegated. Link to comment Share on other sites More sharing options...
The_Rev Posted February 24, 2015 Share Posted February 24, 2015 People have been telling Lerner that for years and he hasn't listened. Maybe the losses we post in the Championship when we don't get £60m+ in television money will take him by surprise or something. 1 Link to comment Share on other sites More sharing options...
The Fun Factory Posted February 24, 2015 Share Posted February 24, 2015 Lerner has been so all or nothing. The first 4 years was like hey lets spend 8 million on Curtis Davies, and spend 3 million doing up a pub. After that it was buy random lower league or foreign buys for little money and hope we can stay up. No strategy at all once Man City overtook us to break the previous hegemony of the big four. Link to comment Share on other sites More sharing options...
Brumstopdogs Posted February 24, 2015 Share Posted February 24, 2015 So in the latest accounts we made a loss again. Down from £50 odd million to nearly £4m. Surprising because in the BoA sale prospectus we were down to make £17m EBIDTA You have to be careful when comparing these - as you're not comparing like with like. Link to comment Share on other sites More sharing options...
kidlewis Posted February 24, 2015 Share Posted February 24, 2015 Hang on we are £4m loss on last year? so when Bent goes by himself we are in the black, no? plus a couple of others too. My word this season is a key one not to get relegated. Come the start of next season we are essentially in the black, without any sponsorship improvements..... Link to comment Share on other sites More sharing options...
Brumstopdogs Posted February 24, 2015 Share Posted February 24, 2015 Don't speak to soon - Lerner is probably lining him up with a new 5 year 100k a week contract! Link to comment Share on other sites More sharing options...
Demitri_C Posted February 24, 2015 Share Posted February 24, 2015 that clowns finally got his goal and made us manageable...until we get relegated this year when our losses will be x10 worse. very intelligent man that randy lerner Link to comment Share on other sites More sharing options...
VillaChris Posted February 24, 2015 Share Posted February 24, 2015 As ever I'll hold fire on this until I see the state of our wage bill and wages to turnover ratios, that's the only ones that interest me tbh. But yeah as others have said relegation wouldn't make this pretty reading at all. Link to comment Share on other sites More sharing options...
Jimzk5 Posted February 25, 2015 Share Posted February 25, 2015 Thought we would be making a very small profit by now after years of cut backs, but 2 more wins last season we would have finished 4 places higher, giving us an extra £2million, and failure to shift those 3 high earners are still a big drain on finances Link to comment Share on other sites More sharing options...
Jareth Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 (edited) So fag packet maths here but looking at the crystal ball this summer: Year end 2015 accounts - (guessing) we make a profit of £30 mill thanks to TV money for the season minus bugger all player purchases We get relegated but our balance sheet shows assets of £30 mill We begin next season in Championship, we retain our squad minus some seriously high earners whose contracts have ended We have that £30 mill to improve the squad Im not pro Lerner - but is this last season's extended austerity what you would call financial 'insurance' for possible relegation? Edited February 25, 2015 by Jareth Link to comment Share on other sites More sharing options...
dont_do_it_doug. Posted February 25, 2015 Share Posted February 25, 2015 So fag packet maths here but looking at the crystal ball this summer: Year end 2015 accounts - (guessing) we make a profit of £30 mill thanks to TV money for the season minus bugger all player purchases We get relegated but our balance sheet shows assets of £30 mill We begin next season in Championship, we retain our squad minus some seriously high earners whose contracts have ended We have that £30 mill to improve the squad Im not pro Lerner - but is this last season's extended austerity what you would call financial 'insurance' for possible relegation? Feck it - forgive the convo with meself - just twigged that the year after we'd need to find £50 mill odd to balance the drop in TV money - so best players deffo off at that point and years of obscurity in the championship. Balls. Parachute payments. Link to comment Share on other sites More sharing options...
Jareth Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 (edited) Upshot - I see the future and we will have 3 seasons in the championship to get back to the prem - with a budget each season of £15-20 mill. Sums below if you want to be bored. Looking at the most recent accounts compared to the year before, we're not making a loss anymore, and if we kept spending at the same levels going forwards and stayed in the prem we'd be making a profit from any TV money. So estimated £30 mill assets for next season, then season after we spend what we earn going forwards. If in the championship still then the parachute payment is actually estimated to be about £36 mill for 2016/17. All in all, that is plenty of money to see us back to the prem. Just need the right set up to spend said money. Edited February 25, 2015 by Jareth Link to comment Share on other sites More sharing options...
Stevo985 Posted February 25, 2015 VT Supporter Share Posted February 25, 2015 (edited) So in the latest accounts we made a loss again. Down from £50 odd million to nearly £4m. Surprising because in the BoA sale prospectus we were down to make £17m EBIDTA The £4m is loss after tax as far as I can tell. EBITDA is "Earnings before interest tax depreciation and amortisation" You're comparing apples and pears. Edited February 25, 2015 by Stevo985 1 Link to comment Share on other sites More sharing options...
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