Accounts

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tomoufc
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Joined: Thu Dec 06, 2007 1:56 pm

Re: Accounts

Post by tomoufc » Fri Apr 15, 2016 12:19 am

Hog wrote:
Hog wrote:I'm no accountant either but I can't help wondering if Mr Eales really is someone a bit quite a lot different from previous owners or is he just another in a fairly long line of ... well, you know! Is he really going to write off all that cash or is he hoping that Stewart Donald will cover it when the time comes?
Why not write it off now?

Every owner since Kassam has stated that their aim is to balance the books, but none of them have because its mathematically impossible with the stadium rent as it is and an expectation that we should be gunning for promotion every year in league two. Even more so than other clubs we need to have a spectacularly wealthy owner prepared to underwrite gargantuan losses if we want to aim for stability in Championship/L1. So the question is, how much money does Eales have and how much can we have of it (please)?
&quotI've been a slave to football. It follows you home, it follows you everywhere, and eats into your family life. But every working man misses out on some things because of his job. &quot

tomoufc
Dashing young thing
Posts: 523
Joined: Thu Dec 06, 2007 1:56 pm

Re: Accounts

Post by tomoufc » Fri Apr 15, 2016 12:21 am

GodalmingYellow wrote:
slappy wrote:The club's turnover in League 2 over the last five seasons since promotions has been fairly steady at around £3.25 million, with a drop to £2.9milion last season.

Operating costs (presumably all of the player and backroom team) though have increased significantly. For five years from 2006 to 2010 they were approx £1.9million (£2.5 million in 2007, the first Jim Smith BSP year), jumped to £2.3 million in 2011 (first year back in the league), then "steadied" at £3million for three years, and then jumped again to £3.7million in 2015.

Similarly, admin expenses were fairly under control in the conference, averaging £800K, before lurching up to a current level of £1.6Million.

The stadium rent obviously doesn't help, increasing by approximately 5% per year, with a current (one year ago) commitment of £599,000 (presumably including service charge).
I would think the increase in admin costs represents back office and marketing and sales teams, which have been invested in (even more so this season).

The professional staff budget at £3.7m must include paying off several under-performing players contracts. How come we've not been savaged by the FPP rules if we have spent that much compared to turnover? The answer may well be that Eales is gifting the money, rather than lending it.
Congratulations to GY for his 5000th post, making him even grumpier and more of an old git.
&quotI've been a slave to football. It follows you home, it follows you everywhere, and eats into your family life. But every working man misses out on some things because of his job. &quot

GodalmingYellow
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Joined: Tue May 16, 2006 10:22 am

Re: Accounts

Post by GodalmingYellow » Fri Apr 15, 2016 4:00 pm

tomoufc wrote:
GodalmingYellow wrote:
slappy wrote:The club's turnover in League 2 over the last five seasons since promotions has been fairly steady at around £3.25 million, with a drop to £2.9milion last season.

Operating costs (presumably all of the player and backroom team) though have increased significantly. For five years from 2006 to 2010 they were approx £1.9million (£2.5 million in 2007, the first Jim Smith BSP year), jumped to £2.3 million in 2011 (first year back in the league), then "steadied" at £3million for three years, and then jumped again to £3.7million in 2015.

Similarly, admin expenses were fairly under control in the conference, averaging £800K, before lurching up to a current level of £1.6Million.

The stadium rent obviously doesn't help, increasing by approximately 5% per year, with a current (one year ago) commitment of £599,000 (presumably including service charge).
I would think the increase in admin costs represents back office and marketing and sales teams, which have been invested in (even more so this season).

The professional staff budget at £3.7m must include paying off several under-performing players contracts. How come we've not been savaged by the FPP rules if we have spent that much compared to turnover? The answer may well be that Eales is gifting the money, rather than lending it.
Congratulations to GY for his 5000th post, making him even grumpier and more of an old git.
5000? Have I really? Where do the years go?

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