Earlier tonight, Adam Blackmore of Radio Solent tweeted he was working on a Saints-related Finance story. Solent have since tweeted: "My personal view is that #saintsfc fans should like what they hear in morning - I'll put interview up on twitter @solentsport as well" Aired at 07:00 tomorrow. DTLW
I'd be surprised if we have! £11m loss was it last year? £7m was wage bill pre-new champ players joining. I'd expect an upturn, or decreased loss to be good!
Maybe he is right. I think we will see an upturn in the books. Wait and see, thought I'd share before heading off, night all.
How about the 1st phase in the expansion of St Marys, initially to 40,000..? Only kidding. It's probably more to do with the very good financial status of the club. I'm sure Nicola is running it as well as anyone could.
Probably an upturn, but if you leave Chambo's money out of the equation I doubt we made a profit this year. Accounts can say anything and us mere mortals struggle to see what is really going on...a loss can be no cause for concern and a profit can be worrying according to experts. I will be interested but it is only a story from an outsider...would be different if Nicola made an announcement.
"It has emerged that Saints borrowed £33m in the last two years, but that has been paid back in shares." "Ahead of the plan, having spent less than initially planned by Markus and Nicola." Wages = 93% of Turnover Turnover = +70%
It was expected by people who understand these things that the 'loan' would be wiped out by change to equity. Don't understand how you can get shares in your own company, but hey ho. Glad we are within the estimated costs...sounds okay but I'm sure others will differ.
Hmmm, who knows? Maybe money was borrowed from one of Markus' other accounts/companies and they'v'e been given shares to pay back the loan. Not sure about too much of this stuff, where's a resident accountant when you need one?!
All I remember is that in our last accounts we had an apparent debt to Markus which a tame accountant on here explained would probably be converted to equity so was nothing to worry about. Get to PL and we will have less to worry about. High % of turnover paid as wages was entirely expected.
I'm an accountant so happy to help where I can. Converting the loan to equity is good to see, it shows a longer term commitment than just keeping it as a loan. Wages to turnover is unsustainably high, but not unexpected given we're going for the Prem.
Well let's say that every player has a 100% increase agreed in his contract on promotion. Off set that against a 2000% increase in revenue from TV sources and I'd say that the situation was disgustingly healthy.
yes but the revenue was already lower than the wages, and even if the revenue covered exactly all the wages, we have more than 20 playing staff alone, meaning that would increase by more than 2000% and thats discounting bonuses
If you double everyone's salary, you increase the salary bill by 100%. You don't add 100% for each person you give that increase to If however, your TV revenue is £2.5M and it increases to £50M then that does increase by 2000% I am only using the numbers summarised above though. They say that wages are 93% of turnover but that turnover is up 70% from League One. Regardless, the situation looks good on promotion.
It says up until June 2011, so I take it as last years accounts then, if the wages were 93% of turnover in League one how much are they now?.
The future is indeed bright. There cannot be a club in the land which does not envy our present position, which is decidedly rosy however you look at it. League position, team spirit, manager, acadamy, infrastructure, financial prospects, stability of ownership and attractiveness of fans. Did I miss any?
