Finances Announcement 13-14

Highest profit, lowest wage bill, everything's going according to plan then.

 

We'll have to wait and see what the figures are but they probably won't be a million miles away from the paper's guess in funky's post. There might be even more profit if anything.

 

http://www1.skysports.com/football/...ague-newcastle-united-announce-record-profits

Not as healthy as many predicted according to Sky. Might need to delve deeper to understand how they have arrived at this figure.

 

30million missing from that, as the accounts read, our operating costs have gone up significantly, but thy failed to provide salary information to show this. Also transfer dealings are not included

 

We haven't paid off any of the debt by looks of it

 

Everything's gone up, revenue, commercial revenue, tv money, but the profit doesn't align with this. So it means our costs have gone up, unsure how as we pay peanuts and have no players

 

Well the figures need to be with Companies House today or tomorrow to avoid a penalty. Although this is only £150 I believe

 

Mike Ashley doesn't want to pay off his loan. Probably because Sports Direct are raking it in via NUFC.

 

There's an alleged increase of £30m in operational costs. The club needs to explain it. Which they won't.

 

http://www.nufc.co.uk/articles/20150330/united-announce-accounts_2281670_4601316
It says the 'debt' is still £129m and that Mike hasn't taken a penny.

But he HAS taken probably around £50m+ in advertising value since he took over. Another company could take the advertising space that SD commands, further increasing our revenue so we need to bear this in mind.

The whole debt thing is irrelevant now anyway.

Roll it all in together and he sees the cost of buying NUFC at just over £200m.

When he comes to sell... with the new TV money set to kick in in a year or so... he will most likely get at least £300m for the club.

Add on top of that the potential to grow commercial income via selling the SD advertising space and we will be quite an attractive proposition.
Anyone thinking we will be spending £60m bet on players in the summer is way wide of the mark.

Mike's maths will add up like this....

Sell Sissoko for £15m
Sell Tiote for £5m
Sell Janmaat for £12m
Sell Perez for £10m
Wages saved due to 14/15 player sales.... £5m
TOTAL £47M

'Spend' £47m on players... add on £13m as a notional sum for wages and then tell the fans we've 'spent' £60m... when all we have done is recycled finances via player sales.

Interesting to see them say that ST sales are static... yet give no numbers.

All the lads and lasses not renewing must clearly be getting replaced by new ST sign ups.... or alternatively Charnley sees a 5,000 to 10,000 drop as being static.

 

Sorry posted this before I saw that the figures had been announced.

As soon as they appear for me to download I will take a look at them. Although I won't be able to see much as it's a private limited company not a public one.

 

Thankyou squire.

 

As you average punter on the street who doesn't know masses about this kind of thing those results are quite good no?

2nd most profitable in the league and our debt at 0% interest with no finite date set for repayment should mean we are in a very healthy financially?

Either way all of this means nothing if we continue to sell our best players for top dollar and get in unproven replacements on the cheap. Still a case of wait and see what happens over the summer in terms of recruitment...

 

My biggest wonder is how they've compiled your finances without them being released. It's all subjective isn't it. Big profits are good, but you spent more than you usually would this summer which eats into those profits and your debt to ashley is still hefty. We've made a small loss but gradually been on the right track and our debt is much smaller. I'd rather be in our position atm, but those sorts of profits are excellent. There's ne real right or wrong is there, just a personal opinion how your clubs been run. As a Sunderland fan I'm over the moon that our wage % has gone from well over the recommended limit to well below. Also we're bringing in so much more income off the field. We're right on track so I'm pretty happy with ours, it represents improvement all over. Our debt is to an arranged overdraft too, no loans.

Edit: Just read your actual results. That media snippet was way off. They don't look great considering you spent this summer.

 

Fat Mike's wallet just got fatter.
No real surprises for me.
Was anyone expecting something different?

 

I am still expecting a different figure, cabaye stransfet price has not been included, further to that I want to know our wage % which should be a record low and lastly, I wanna know where the missing 30 mil has gone

 

i was going to do the math to show you guys, but The Mag has already done it

"The headline figures that they have announced are;
Broadcasting revenue up to £78.3m from £51.0m

Matchday revenue has fallen from £27.8m to £25.9m

Commercial revenue is up to £25.6m from £17.1m (new deals with Wonga/Puma)

Club turnover has risen from £95.9m to £129.7m

After playing trading and tax, there is a profit of £18.7m which is up from £9.9m

The operating profit is £4.7m compared to a £0.6m operating loss the previous season Mike Ashley has not reduced the club’s ‘debt’ of £129m to him.

The glaring thing that isn’t explained stands out like a sore thumb. The revenue has gone up by £33.8m (from £95.9m to £129.7m) The operating profit has improved by £5.3m (a loss of £0.6m becoming a profit of £4.7m) So what the limited information released by the club doesn’t explain is how costs have gone up by a massive £28.5m!"

club tranfers not included over a period where a lot of playing staff were let go from the year before, no one brought in and cabaye sold. operating costs technically should have gone down drastcally, not up 28.5m

 

That was mike Ashley's salary. 28.5 million.

 

This

 

Perfectly legal for Ashley to pay himself a salary under the Companies Act. That would explain why Operating Costs have increased. The fat **** has paid himself a large slice of the profit.