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The Randy Lerner thread


CI

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I will almost certainly judge Lerner's tenure by who he sells us to.

 

He came with good intentions, did a lot of good stuff off field that we can be proud of, but when the game became a bit rich for him he should have gotten out sooner.

 

If he sells us to someone who will invest and make us competitive again i'll probably remember him with a mild fondness.

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ASTON VILLA

Accounts for the year to 31 May 2013

Ownership: Owned by Randy Lerner, via Reform Acquisitions LLC, a USA company.

Turnover: 10th in league, £84m (up from £80m in 2012)

Gate and matchday: £13m

TV and broadcasting: £46m

Commercial: £16m

Uefa pool money: £0.5m

Wage bill: 8th highest, £72m (up from £70m)

Wages as proportion of turnover: 85.7%

Loss before tax: £52m (following £18m loss in 2011-12)

Net debt: £189m

Interest payable: £1m

Highest paid director: £251,000 to unnamed director (Paul Faulkner is the chief executive)

The state it's in: Punishing loss for a 13th-place finish, and for the club's owner Randy Lerner, whose venture into English football ownership has been expensive. Lerner's holding company increased its lending by £42m to £179m, on top of millions already invested in shares since he bought the club in 2006. In December Lerner waived repayment of £90m in loans. The accounts state a commitment to reducing player costs overall while giving manager Paul Lambert £19m to spend on players last summer, but for Lerner the early feelgood seasons and sixth place finishes must feel like a honeymoon long ago.

Guardian

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250k for Faulkner? Think i'm going to be **** sick.

Pretty low for his position.

Cue the peanuts and monkeys comments.

Think you have us all confused with Jeremy clarkson

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250k for Faulkner? Think i'm going to be **** sick.

Pretty low for his position.

Cue the peanuts and monkeys comments.

 

Seeing he was probably on £15k a year as MBNA customer services manager, I don't think he personally minds. :D

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