Well I got hoyed off the darts team as I couldn't mark the board quick enough so maths have never been my strong point. So are those good or bad?
not bad for a premier league club, ellis must be bankrolling us as our loan has been repaid now i think, so the surplus is down to him £26m is bot all to him. Decent figures in comparisum to most, i think there is only arsenal who are operating at a profit, so aye, canny, when you consider the investments made http://www.footballeconomy.com/taxonomy/term/131/all
Rather a big loss, so bad, overall. However, we are fortunate in that a £26.9m loss is loose change to Ellis. Phew!
Actually if you include transfers we have made a profit the last few years I believe and are about to make a profit without transfers for the first time this season, we just missed out on it last season. Our wages to turnover % is the third lowest in the league behind Man United and Arsenal.
Do these financial results finally prove that your amazing £20m sponsorship deal really was a load of bollocks like I always said?
That is for taxation purposes (personal tax runs from the 6th of April the the following 5th of April though). Most financial years end on the 31st of July AND this would have been for last year (not this current one as that would be impossible, although there will be projections but they won't count)
Got ne thinking this. Our transfer dealings have took a downward spiral since Margaret Byrne took charge as ceo. Does anyone agree with this?
From the Sunderlandecho:- SUNDERLAND’S reliance on owner Ellis Short has again been highlighted after the club announced a hefty annual loss. The Black Cats last night confirmed net operating losses of £26.9million for the year ending July 31, 2012, although that was a reduction of £4.3m on the previous year’s figures. Sunderland’s total turnover for the 12-month period was £78m, with operating expenses – including the club’s wage bill – falling from £110.7m the previous year, to £104.9m. But worryingly, the figures don’t include more than £30m manager Martin O’Neill has since splashed out in the transfer market on Adam Johnson, Steven Fletcher, Alfred N’Diaye and Danny Graham. The loss will be covered by Short, who opted not to cash in on Sunderland’s prize assets last summer, rather than easing the burden on his own pocket. Chief executive Margaret Byrne said: “Our results reflect a period where we embarked on a programme of continued investment in the playing squad, choosing to retain the services of those players that the manager identified as key to the team. “We also invested significantly in our Academy in order to secure EPPP Category One status and give us the best possible chance to develop young players for the future. “Our net operating loss has reduced slightly and we are continuing to implement a structured financial plan to ensure sustainability for the future.” The figures don’t come as a huge surprise. Byrne told the Echo last month that Sunderland were expecting to announce a big loss and stressed the club’s reliance on Short for new signings. But the accounts do stress the importance of Sunderland remaining in the Premier League and cashing in on the new television deal. The share of more than £5billion to Premier League clubs in the new contract will go towards paying off Sunderland’s debts and ensuring they become sustainable in the long-term.
