dudevillaisnice Posted February 28, 2012 Share Posted February 28, 2012 Here's some of the details from @pkelso and Matt Kendrick : Aston Villa today announces record revenues for the year ended May 31 2011. Commercial income increased by 15.9% year on year and total income increased by 1.3%, resulting in record income of £92m. This was achieved despite a backdrop of instability as the 2010-11 season constituted one of the most turbulent in the club's recent history. The overall group loss for the year increased to £53.9m, from £37.6m in 2009-10. The key drivers for financial performance in 2010-11 were as follows: Continued growth of revenues, with a 1.3% growth of total income versus the prior year and record income of £92m 15.9% year on year increase in commercial income. Match day income, however, fell year on year, given fewer games compared to the previous season's strong domestic cup performance £8.3m reduction in bank borrowings Exceptional charges of £12.0m relating to changes in football management personnel Investment of a further £25m into the club by Randy Lerner "Given the challenging economic environment that we have been experiencing in the West Midlands and indeed globally, we are pleased with the positive trends in our financial performance," said chief financial officer Robin Russell. "The Board of Aston Villa are confident that the actions taken since the end of the 2010-11 financial year have galvanised the long-term sustainability of the club and have also given us a better financial platform on which to build for future success. Our objectives are to compete strongly on the pitch and to achieve sustainability as well as compliance with UEFA's Financial Fair Play requirements." http://tinyurl.com/6wema59 Link to comment Share on other sites More sharing options...
kidlewis Posted February 28, 2012 Share Posted February 28, 2012 hang on we lost £54 million despite selling players for £36m? Link to comment Share on other sites More sharing options...
AshVilla Posted February 28, 2012 Share Posted February 28, 2012 Jesus 12m charge for changes in management personnel.... Houllier, McLeish all worth it look where we are in the table Link to comment Share on other sites More sharing options...
houllierout Posted February 28, 2012 Share Posted February 28, 2012 £12mil on Losing MON, the Houllier debacle and then Mctwat. Awesome work Lerner and Faulkner. AWESOME Link to comment Share on other sites More sharing options...
ClarrieBlue Posted February 28, 2012 Share Posted February 28, 2012 Jesus 12m charge for changes in management personnel.... Houllier, McLeish all worth it look where we are in the table I don't think the McLeish fee is included in that, doesn't the Financial Year run from June '10 to May'11. Link to comment Share on other sites More sharing options...
AshVilla Posted February 28, 2012 Share Posted February 28, 2012 What you mean we actually paid even more? It gets better and better Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2012 Share Posted February 28, 2012 Does that suggest the pay out to MoN was big or houllier was on a ridiculous contract? Link to comment Share on other sites More sharing options...
Nabby Posted February 28, 2012 Share Posted February 28, 2012 Well I am intersted to see the breakdown for that ...that woudl explain the cuts in players and Young and Downing sales with very little spent Thinking about it the loss's figure will include the purchase of Bent and Makoun but not the sales of Young and Downing. Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted February 28, 2012 Share Posted February 28, 2012 Does that suggest the pay out to MoN was big or houllier was on a ridiculous contract? I'd say most of that was paying off Gerard and his backroom staff. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2012 Share Posted February 28, 2012 Villa's losses, funded by another £25m shot from Randy Lerner, raise questions about their ability to pass FFP rules. With the owners managerial appointments I don't think we ever need to concern ourselves with these rules Link to comment Share on other sites More sharing options...
LancsVillan Posted February 28, 2012 Moderator Share Posted February 28, 2012 hang on we lost £54 million despite selling players for £36m? Not seen figures but up to end of May I guess would not include money for Ash or Downing. Link to comment Share on other sites More sharing options...
AshVilla Posted February 28, 2012 Share Posted February 28, 2012 With these figures i cant see us spending much in the summer Like someone above said i dont think they even factor in the money we have forked out on the current mug in charge of the first team The squad needs a complete overhaul id say we need to spend 25 mill + with at least 5 players coming in Link to comment Share on other sites More sharing options...
Pilchard Posted February 28, 2012 Share Posted February 28, 2012 A couple of things first. I can't work out how hiring Houllier, sacking him and then hiring McLeish could cost £12million. It beggars belief that sort of money has been spent. As Allan points out - te figures don't include the sales of Downing and Young, so that immediately makes it look a bit better at 18million. Oh, and what did Darren Bent cost? That's right....£18million (of there abouts). Bent was a one off hit to keep us in the Premier League and will be sold in the summer for nearly as much as that. So the figures are startling, but when you consider player trading it makes sense..... Though it's a little worrying for when we've sold out of decent players to sell/relegation occurs. Link to comment Share on other sites More sharing options...
MYSTERYMAN Posted February 28, 2012 Share Posted February 28, 2012 I was told to expect some pretty bad figures and yes can't argue with them ! They do include the McLeish compensation to Brum aswell ! Will we spend in the summer yes got no choice or otherwise we would be in pole position to go down . Link to comment Share on other sites More sharing options...
JamesWithe Posted February 28, 2012 Share Posted February 28, 2012 No surprise our players earn Far Far too much money and accomplish nothing to justify the cash we pay them (Eck included). Link to comment Share on other sites More sharing options...
thejoker Posted February 28, 2012 Share Posted February 28, 2012 Truly woeful figures. Just shows how reckless Randy was in trying to get top 4, and we're paying the price now and will be for quite a while I think. Link to comment Share on other sites More sharing options...
TheEgo Posted February 28, 2012 Share Posted February 28, 2012 I was told to expect some pretty bad figures and yes can't argue with them ! They do include the McLeish compensation to Brum aswell ! Will we spend in the summer yes got no choice or otherwise we would be in pole position to go down . Do they include the McCleish compo though? When did we appoint him? These figures only run until May 31st so from my reckoning exclude, McCleish expenditure and also the income/savings on young and downing, plus wages for them and NRC etc!! Am I missing something? Link to comment Share on other sites More sharing options...
ClarrieBlue Posted February 28, 2012 Share Posted February 28, 2012 I was told to expect some pretty bad figures and yes can't argue with them ! They do include the McLeish compensation to Brum aswell ! Will we spend in the summer yes got no choice or otherwise we would be in pole position to go down . Do they include the McCleish compo though? When did we appoint him? These figures only run until May 31st so from my reckoning exclude, McCleish expenditure and also the income/savings on young and downing, plus wages for them and NRC etc!! Am I missing something? No, I reckon you're right. I don't see how any of the above can be included. Link to comment Share on other sites More sharing options...
TheEgo Posted February 28, 2012 Share Posted February 28, 2012 I was told to expect some pretty bad figures and yes can't argue with them ! They do include the McLeish compensation to Brum aswell ! Will we spend in the summer yes got no choice or otherwise we would be in pole position to go down . Do they include the McCleish compo though? When did we appoint him? These figures only run until May 31st so from my reckoning exclude, McCleish expenditure and also the income/savings on young and downing, plus wages for them and NRC etc!! Am I missing something? No, I reckon you're right. I don't see how any of the above can be included. Should look a little better next year then (assuming we stay in the PL) kind of depressing though. 12 million quid on MON and Houliier is quite astounding. Link to comment Share on other sites More sharing options...
BOF Posted February 28, 2012 Moderator Share Posted February 28, 2012 So Randy hasn't stopped pumping money into the club. It's just that he's pumping it in to stop the rot now rather than to progress. That's worrying. Link to comment Share on other sites More sharing options...
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