Southampton Football Club Annual Accounts 2015/16

Full accounts are out:

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(Sorry for that URL)

Couple major notes:

- Total staff (including non-football) wages increased from 68.2m to 71.8m*, a rather more modest growth than most here thought, but we sold some players on high wages.
- Transfer fees receivable versus payable changed substantially: we now owe marginally more than we are owed. A change in tactic, one possibly owing to the impending sale; previously we were giving generous payment terms while asking for more up front, we may have wanted the cash in faster now, however.
- If I'm reading it correctly, we have paid off a sum to Liebherr...11m of the shareholder loan has been reclassified "payable within one year", and presumably (per the comment in the press release) has now been paid. The full sum appears to be on a three-year payment schedule, at 5% interest.
- The 15m bank loan we had is stated to have been paid off in 2016-17. We had another loan of 13.9m with Macquarie...I'm not seeing it anywhere. It may have been paid off in 2015-16.
- Cash on hand increased by 8.4m, to 21.0m.

In sum, we are not short of money, and the current plan (if we are not sold) appears to be for Liebherr to call in her marker.



*If there was any lingering belief that we're pushing the edges of the FFP restrictions, we most definitely are not.

 

I'll accept that then. Any idea what pushing the edge of FFP would be then.?

 

On an annual basis? Hard to say, but Stoke's wage bill was at 82m this past season...we were spending a shade more than them in wages in 2013-14. So they serve as a useful benchmark; if we're spending less than Stoke, we're not near the limitations, though I don't think they're at the limit, either, and our profit on player sales should allow us to spend considerably more than they do.