The price of football looking at Allamhouse accounts

Discussion in 'Hull City' started by pcworks, Jul 20, 2021.

  1. originallambrettaman

    originallambrettaman Mod Moderator
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    No, debt has nothing to do with club revenue, If I’ve got time I’ll have a look at the Allamhouse accounts in more detail tomorrow.
     
    #21
  2. Howdentiger2

    Howdentiger2 Well-Known Member

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    Cheers, I'm more then happy to admit I know the square root of **** all when it comes to accounts
     
    #22
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  3. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    I said a while ago that solar power in Africa etc has increased massively, what with fossil fuels being reduced because of global warming, Diesel Generators must also be on the decline. Unless they have started to diversify away from their core business, then it is not surprising Allam Marne sales are falling. Maybe one reason to keep hold of City?
     
    #23
  4. Stockholm Tiger

    Stockholm Tiger Well-Known Member

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    It may well decrease eventually but right now the market is growing and forecast to continue growing over the next 5 years.

    "The generator sales market is expected to grow from an estimated USD 19.9 billion in 2021 to USD 26.5 billion by 2026, at a CAGR of 5.9% during the forecast period. The growth of the generator sales market is expected to be driven by the rising demand for uninterrupted & reliable power supply across several end-use industries and the expansion of the manufacturing sector. "

    https://www.marketsandmarkets.com/PressReleases/generator-sales.asp
     
    #24
  5. HullPhil

    HullPhil Well-Known Member

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    We haven't got £20m.... The company that owns the club does. Look at turnover, because the vast majority is engineering related, not football.
    Disagree that the reason for loss are that parachute has ended. Turnover dropped £29m...
     
    #25
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  6. originallambrettaman

    originallambrettaman Mod Moderator
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    Had a glance at the accounts, some headline figures...

    The group made a loss for the year of around £3.4m (against a profit of just under £2m last year).

    Allam Marine has performed poorly (in historic terms), turnover was down 38% and it made a profit before tax of £2.1m (against almost £5.6m last year).

    City made a profit of £670k (along with a £15.3m profit on player sales), it still shows the loan at £42m.

    Allam Developments was sold, incurring a £3.4m loss (though it was sold to a Mr E Allam, so it's probably just a paper write-off).

    Superstadium Management Company made a loss of just under £1.4m, as it does every year (as normal, it was blamed on FC).

    Overall Allamhouse is still in a good place, they've got no bank borrowing (despite Ehab's claims) and they've got £20m cash in the bank, but they're not making anywhere near the money they were.
     
    #26
  7. Chazz Rheinhold

    Chazz Rheinhold Well-Known Member

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    As the old man is getting on, financially will they be trying to juggle all the money?
    Wonder who’s running allam marine too? AA is surely not doing it now and ehab seems to be full time at city
     
    #27
  8. Gone For A Walk

    Gone For A Walk Well-Known Member

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    Thanks OLM.
    -> "... it still shows the loan of £42m".
    Disappointing.
    OK, tough times, but with the continued cloth cutting and the continued inflow of money from previous sales, I'd hoped the debt would have reduced.
    Still a bigger debt than when they took over (even if it is to themselves, the gift debt is still a debt that they want repaying). No surprise then that it's gone quiet once again on the takeover / sale front?
     
    #28
  9. HullPhil

    HullPhil Well-Known Member

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    I'd imagine the debt could have reduced last season had covid not struck. Salary cap would have helped, but revenue drop from no crowds needed to be paid for.
    Be interested seeing how City's debt compares to other championship clubs.
     
    #29
  10. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Considering its effectively un-leveraged debt, I imagine we'd compare well to most from purely a business perspective.
     
    #30
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  11. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    *caveat

    Im not sure thats the sexiest way to either run or effectively market for sale a football club, but obviously a decision has been made there'll be no net investment inward to the club from Allamhouse.
     
    #31
  12. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    Of cause, it's just a forecast, and what I have experienced is that USA forecasts very much slant to a positive outcome to boost the share market. Over my working life, I've never taken much notice of them, I've always travelled to places to see for myself what's going on.

    Here in Vietnam and what I saw in Africa, is that even though generators are still used, the shift towards solar energy, which is a lot cheaper these days than in the past, is certainly what is happening, and Allam's results don't reflect a growth.

    There may well still be a market for the next 10 years, but I am sure it is likely to be a declining one.
     
    #32
  13. Stockholm Tiger

    Stockholm Tiger Well-Known Member

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    Except you're talking about them being relaced by solar power. However, the primary use case driving the market isn't as primary power sources.

    The demand is coming from Data Centrers, IT infrastructure and health care facilities that need a cheap(ish) and very reliable back up should there be a power cut.

    I don't see a decline in the growth of datacentres in the next 5 years and while some may have a solar panel on the roof I'd bet a pound to a pinch of **** they'll have a diesel genny in the basement too.
     
    #33
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  14. John Ex Aberdeen now E.R.

    John Ex Aberdeen now E.R. Well-Known Member

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    You could well be right, it just seems that with the drive away from fossil fuels coupled with developments of other sources of energy, their boom years are probably passed.
     
    #34
  15. Gone For A Walk

    Gone For A Walk Well-Known Member

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    At £42 million (plus loss making SMC), the club continues to be effectively not for sale.
    Agree, would be very interesting to see the debt situation of other clubs. Anybody on here happen to have those figures?
     
    #35
  16. originallambrettaman

    originallambrettaman Mod Moderator
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    The Allamhouse accounts claim that there's been a massive drop in demand for generators internationally and though they saw a 38% drop in sales, they saw no drop in their market share.
     
    #36

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