Dibden Purlieu Saint Posted 4 April, 2013 Share Posted 4 April, 2013 From Swiss Ramble on Twitter... https://mobile.twitter.com/SwissRamble/status/319722078339211264/photo/1 Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 4 April, 2013 Share Posted 4 April, 2013 Interesting but none of it will matter if we stay up this year. Turnover for next year will take another massive leap. Does show just how little the skates turnover must be though, let face it they don't have half the crowds we got in league 1. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 4 April, 2013 Share Posted 4 April, 2013 As I think everyone expected for championship years. But the turnover leap in premiership is huge, so we should be fine next year or so. Link to comment Share on other sites More sharing options...
Saint Garrett Posted 4 April, 2013 Share Posted 4 April, 2013 It doesn't say an awful lot that we don't know to be fair. Just shows how little money you get in L1 though. Link to comment Share on other sites More sharing options...
Colinjb Posted 4 April, 2013 Share Posted 4 April, 2013 It will be interesting to see if the increase in income has matched our increase in expenditure after promotion. Link to comment Share on other sites More sharing options...
norwaysaint Posted 4 April, 2013 Share Posted 4 April, 2013 To stay in the league with the big money costs a fortune as well, I don't expect to see that improve much in the foreseeable future. We have to improve our wages and bonuses accordingly to attract and keep the players we need and pay competitive prices to strengthen our team. Plus of course the enormous outlay on the new stadium we need to accommodate 70,000 fans. I can't see us being in the black any time soon. Link to comment Share on other sites More sharing options...
torsaint Posted 4 April, 2013 Share Posted 4 April, 2013 Seem to remember our turnover in last year in Premiership was £45m so I would expect it to be around £60m this year plus a further £20m next year. Big figures. Link to comment Share on other sites More sharing options...
Gemmel Posted 4 April, 2013 Share Posted 4 April, 2013 The minus 39 million seems to tie in with the amount that Liebherr family converted into equity. The total profit on player transfers at 12.4 - Is that what we got for Chambo? Assuming I am right (Leap of faith ) about the 39 million and we joined the Prem on an even keel, that leaves this seasons increase in wages, players transfer fees, agents fees and legal fees ( :) ) To come of the 70 million sky money and increased ticket revenue and match day revenue. I know that's not Gaap accounting or indeed how player purchases are recorded on the books, but would be interesting to see, where that ends up. As already mentioned, not a lot we don't already know and the club were quick to announce that we were turning a profit in our first six months of the Prem, so things look to be in control. Intresting to see that Aviva have already been paid their additional 4 million. Link to comment Share on other sites More sharing options...
Sour Mash Posted 4 April, 2013 Share Posted 4 April, 2013 Just a reminder that modern English football is all about taking a gamble and operating at a loss on the chance of getting up to the promised land of the Prem. Link to comment Share on other sites More sharing options...
Gemmel Posted 4 April, 2013 Share Posted 4 April, 2013 Just a reminder that modern English football is all about taking a gamble and operating at a loss on the chance of getting up to the promised land of the Prem.Not really sure it was that much of a gamble. The Chamberlain money obviously made a difference, but I am fairly sure that the total of 39 million debt included the purchase price. By the time we committed to the second loss of 11 odd million we were a championship team with property assets, land assets, the stadium and squad. If the plan was to always convert the debt into equity, you could argue we were just drawing down against the asset. It is this year that has been the gamble in my (Very limited knowledge) opinion. Link to comment Share on other sites More sharing options...
so22saint Posted 4 April, 2013 Share Posted 4 April, 2013 I think the Media line for 2013 should be something like 35m so as mentioned above a lot of it is based on the equity swap. Nice to see us budgeting to pay creditors as well! :-) Link to comment Share on other sites More sharing options...
Sour Mash Posted 4 April, 2013 Share Posted 4 April, 2013 Not really sure it was that much of a gamble. The Chamberlain money obviously made a difference, but I am fairly sure that the total of 39 million debt included the purchase price. By the time we committed to the second loss of 11 odd million we were a championship team with property assets, land assets, the stadium and squad. If the plan was to always convert the debt into equity, you could argue we were just drawing down against the asset. It is this year that has been the gamble in my (Very limited knowledge) opinion. I'm not even really referring to our figures, just a case if that's what our figures look like, can you imagine a lot of the other clubs in the Champ with less income than ours, but pushing for promotion? Link to comment Share on other sites More sharing options...
JackanorySFC Posted 4 April, 2013 Share Posted 4 April, 2013 You seen Bristol City (basket case club), Leicester City and Cardiff's debt & wage to turnover ratio? Frightening! West Ham lost £25m last season, that play off win was huge for them! Link to comment Share on other sites More sharing options...
Gemmel Posted 4 April, 2013 Share Posted 4 April, 2013 I'm not even really referring to our figures, just a case if that's what our figures look like, can you imagine a lot of the other clubs in the Champ with less income than ours, but pushing for promotion? Absolutely agree. Whatever happens from here on in and how ever successful our managers and player acquisitions are, The reality is we got LUCKY with Markus. Link to comment Share on other sites More sharing options...
Saint_John Posted 4 April, 2013 Share Posted 4 April, 2013 If Sale is to be believed we called a meeting of the "Gang of Six" opposed to wage restraint. had no knowledge about the gathering arranged by Southampton finance director Gareth Rogers Reading may have changed sides / come off the fence but it sounds as if Swansea have been off were "bought off" by not including TV money from Europe in the restrictions. that TV money from European competitions are not included in the Premier League restrictions IMO these rules are about "keeping the status quo" as far as teams are concerned which will be against "The Don" plans. How can excluding "TV Money from European competition" can be considered fair ?? http://www.dailymail.co.uk/sport/article-2303619/Manchester-City-lead-Premier-League-wage-rebels--Charles-Sale.html Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 4 April, 2013 Share Posted 4 April, 2013 Just a reminder that modern English football is all about taking a gamble and operating at a loss on the chance of getting up to the promised land of the Prem. An absolute disgrace if you ask me, football's football. All it means is everything is far more expensive from a hotdog to the agents %'s. Link to comment Share on other sites More sharing options...
Gemmel Posted 4 April, 2013 Share Posted 4 April, 2013 IMO these rules are about "keeping the status quo" as far as teams are concerned which will be against "The Don" plans. How can excluding "TV Money from European competition" can be considered fair ?? http://www.dailymail.co.uk/sport/article-2303619/Manchester-City-lead-Premier-League-wage-rebels--Charles-Sale.html I think that deserves a thread of its own. Very interesting article, not least because we apparently orchestrated the meeting, which suggests a couple of things; 1) Saints have the finances and desire to go beyond the restrictions and 2) We are genuinely looking to compete with the top clubs for the top players. Its "Keep your feet on the ground" time, but if I were a betting man, if we stay up, Saints are genuinely going for a European place, - its what the timeframe is achieving that, that will have us all arguing. Link to comment Share on other sites More sharing options...
Saint Garrett Posted 4 April, 2013 Share Posted 4 April, 2013 #saintsfc also owed £7.5m transfer fees in 2012 accounts and had net transfer expenditure of £26.1m since year-end. #saintsfc have to pay a former creditor £1m per annum for each year that the club stays in Premier League up to 2015/16. #saintsfc 2012 gross debt up to £41.8m (2011 £33.2m) – mainly shareholder loan of £38m plus bank loan of £3.8m. #saintsfc highest director’s remuneration was a hefty £1.576m, almost certainly for executive chairman Nicola Cortese. #saintsfc 125% wages to turnover ratio not unusual in Championship: Bristol City 157%, Leicester 130%, Boro 119%, Forest 119%, Cardiff 103%. #saintsfc 2012 staff costs up 88% to £28.7m (2011 £15.2m), incl promotion bonuses of £5.3m, and wages to turnover ratio up from 93% to 125%. #saintsfc 2012 accounts: average attendance increased from 22,161 to 26,427. #saintsfc 2012 profit on player sales £12.4m (2011 £0.0m), largely due to sale of Alex Oxlade-Chamberlain to Arsenal. #saintsfc 2012 revenue £22.9m (2011 £16.4m): match day £11.8m (2011 £9.3m), TV £5.6m (2011 £1.4m), commercial £5.5m (2011 £5.7m). #saintsfc 2012 revenue of £22.9m up 40% from £16.4m in 2011, reflecting promotion to Championship from League One. #saintsfc 2012 loss includes £9.5m exceptional once-off costs, due to PL promotion: mainly £5.3m staff bonuses & £4m to former loan creditor Note that loss for #saintsfc holding company is £11.9m (2011 loss £11.5m), while loss for the football club is £8.4m (2011 loss £11.7m). Some larger losses in Championship 11/12: Leicester £29.7m, West Ham £25.5m, Bristol City £14.4m, Cardiff £13.6m, #saintsfc £11.9m. Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 4 April, 2013 Share Posted 4 April, 2013 I think that deserves a thread of its own. Very interesting article, not least because we apparently orchestrated the meeting, which suggests a couple of things; 1) Saints have the finances and desire to go beyond the restrictions and 2) We are genuinely looking to compete with the top clubs for the top players. Its "Keep your feet on the ground" time, but if I were a betting man, if we stay up, Saints are genuinely going for a European place, - its what the timeframe is achieving that, that will have us all arguing. But so are many other clubs, its not a new concept for clubs to try and get into Europe and shout their intentions, the clever bit is fans thinking this is the wheel reinvented, proof is in the pudding. Link to comment Share on other sites More sharing options...
Gemmel Posted 4 April, 2013 Share Posted 4 April, 2013 But so are many other clubs, its not a new concept for clubs to try and get into Europe and shout their intentions, the clever bit is fans thinking this is the wheel reinvented, proof is in the pudding. Simply not true. We organized a private meeting to find ways of overcoming the financial restrictions and I don't think it is a huge leap of faith to believe that means we have the financial clout and desire to do so. There are many Premier League clubs that for whatever reason, couldn't extend their spending and welcome (As do I in principle) the spending limitations, being put in place. Link to comment Share on other sites More sharing options...
Pugwash Posted 4 April, 2013 Share Posted 4 April, 2013 Isn't this all old news? The six months in the Prem: http://www.saintsweb.co.uk/showthread.php?43668-Saints-financial-figures&highlight=ACCOUNTS Link to comment Share on other sites More sharing options...
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