Cliffy Biro Posted February 28, 2014 Share Posted February 28, 2014 Assume he means they cant say oh look at our losses and debts we cant buy any players or give them decent wages.. Link to comment Share on other sites More sharing options...
suttonpaul Posted February 28, 2014 Share Posted February 28, 2014 That's what the pro 'plan' camp for want of a better phrase have been saying the whole time. Link to comment Share on other sites More sharing options...
useless Posted February 28, 2014 Share Posted February 28, 2014 Will these latest figures shed any light on the 90 million pounds share allocation thingy? Link to comment Share on other sites More sharing options...
MessiWillSignForVilla Posted February 28, 2014 Share Posted February 28, 2014 Will these latest figures shed any light on the 90 million pounds share allocation thingy? I don't think so, as that was only in December time wasn't it? These are the accounts for last season. Link to comment Share on other sites More sharing options...
useless Posted February 28, 2014 Share Posted February 28, 2014 Alright, thanks. We'll see how it's all looking soon enough. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 That's what the pro 'plan' camp for want of a better phrase have been saying the whole time. Yes and for some reason you've believed its acceptable to take 4 horrendous years to get us there. And let's see what actually does happen. Link to comment Share on other sites More sharing options...
suttonpaul Posted February 28, 2014 Share Posted February 28, 2014 But we are now there providing we stay up. You can look back as much as you like but I can tell you now once it becomes clear that the plan is to have the same kind of budget and to spend it on few players of higher quality the majority of fans will be behind it as the squad gets stronger each year and there is no more cost cutting. Like said IF that doesn't happen then no one will support him, not one person as long as we aren't still losing money. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 But we are now there providing we stay up. You can look back as much as you like but I can tell you now once it becomes clear that the plan is to have the same kind of budget and to spend it on few players of higher quality the majority of fans will be behind it as the squad gets stronger each year and there is no more cost cutting. Like said IF that doesn't happen then no one will support him, not one person as long as we aren't still losing money. I'm yet to be convinced we have a plan to be ambitious again. I think there will be money to spend in the summer as there was last year but I think wage restrictions and the limited amount will result in mediocrity at best. I'm not sure after these last 4 years that the fans will be behind a boring future of mediocrity. I think at this point he needs more to get the majority of fans fully behind him again. Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 How do we all think these accounts will look? I actually think we will be in profit, in fact with the cuts made and such we really should be heading in that direction no matter what really. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 How do we all think these accounts will look? I actually think we will be in profit, in fact with the cuts made and such we really should be heading in that direction no matter what really. Well Faulkner hinted we may be in profit back in October. Link to comment Share on other sites More sharing options...
suttonpaul Posted February 28, 2014 Share Posted February 28, 2014 Wages will be different when the players incoming are deserving at the point of purchase of larger wages than championship players Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 Wages will be different when the players incoming are deserving at the point of purchase of larger wages than championship players Which is a catch 22 when those players are out of the picture when Lambert asks if we can buy them Link to comment Share on other sites More sharing options...
Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 How do we all think these accounts will look? I actually think we will be in profit, in fact with the cuts made and such we really should be heading in that direction no matter what really. Ever thought about accountancy as a career Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 How do we all think these accounts will look? I actually think we will be in profit, in fact with the cuts made and such we really should be heading in that direction no matter what really. Ever thought about accountancy as a career Yeah, it was my best module in the first year of uni but I'm not a massive fan. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 I may be wrong but with the accounts showing another loss how does this effect 'the plan' this summer? Link to comment Share on other sites More sharing options...
suttonpaul Posted February 28, 2014 Share Posted February 28, 2014 Not yet BJ we have to wait for the figures to come out we haven't got a clue where these losses come from. Link to comment Share on other sites More sharing options...
TrentVilla Posted February 28, 2014 Moderator Share Posted February 28, 2014 I may be wrong but with the accounts showing another loss how does this effect 'the plan' this summer? I suspect that even the stuff nailed down might need to be stuck on eBay. Link to comment Share on other sites More sharing options...
TrentVilla Posted February 28, 2014 Moderator Share Posted February 28, 2014 Not yet BJ we have to wait for the figures to come out we haven't got a clue where these losses come from. Generally down to the fact we have more money going out than coming in. A fair chunk of that money going out being in salary, wages and management fee to the man responsible for the monumental mess this club is in. Link to comment Share on other sites More sharing options...
NurembergVillan Posted February 28, 2014 Moderator Share Posted February 28, 2014 (edited) Aston Villa have posted a £51.8 million loss in their latest accounts for 2012-13 – but insist they can now “close a chapter” on their period of financial pain. Owner Randy Lerner, through the club’s parent company, has waived £90.1 million of loans, converting them to equity in December 2013. The accounts for the year ending May 31, 2013 show that Villa have reduced their operating losses by £9.5 million to £42.6 million. But the loss after tax for the financial year increased by £34.1m to £51.8m because, because unlike the year before they did not generate a substantial figure in selling players and because their was a significant waiver of interest in the previous accounts. Although the 2012-13 accounts still show large losses, it is believed the next set of accounts for 2013-14 will show that the club is self sufficient. Turnover for the year was up £3,3 million to £83.7 million, with the club citing their improved Premier League position, higher average league attendance and their progress to the Capital One Cup semi-final last season. There was a £6.2 million reduction of operating expenses before exceptional items, which was achieved by reducing the wagebill of the playing squad and the £3.1 million amortisations of player’s registrations. In an official statement, Villa say they have vastly reduced the club’s debt load and accelerated the process towards long-term stability and financial self-sufficiency. 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.” Villa revealed that exceptional charges increased by £2.4million to £8.3 million and included the accelerated amortisation of certain players’ registrations and their employment costs. This refers to the depreciation in players’ values as their contracts tick down. The club say 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), meaning Villa did not generate large sums from incoming transfer fees as they previously did from the sales of Stewart Downing and Ashley Young. 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. http://www.birminghammail.co.uk/sport/football/football-news/aston-villa-post-518m-loss-6759930? Edited February 28, 2014 by NurembergVillan Link to comment Share on other sites More sharing options...
mykeyb Posted February 28, 2014 Share Posted February 28, 2014 Financial mismanagement on a huge frickin level. Link to comment Share on other sites More sharing options...
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