ROSM
Well-known member
And judging by the comment about how comparatively well those poor footballers are rewarded, it seems that Taylor is worth every penny to his members
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The Albion posts losses of £14.7m
- Thread starter Jo Wadsworth
- Start date
And judging by the comment about how comparatively well those poor footballers are rewarded, it seems that Taylor is worth every penny to his members
tinycowboy
Well-known member
As El Pres says, it makes sense that, if depreciation is excluded from the FFP calculation, any proxy for depreciation (ie rent) is also excluded. Otherwise, clubs that own stadia would be treated more favourably than clubs that don't.
- Jul 7, 2003
- 47,625
Indeed. He's a true icon of the working class, up there with Arthur Scargill, surely? Keep the red flag flying, Gordon!
Aye, conceded. In which case, I wonder why any rent was included in the Club's accounts at all; it all consolidates out in Holdings' accounts anyway. If it doesn't count for FFP purposes, it's a moot point, I guess.
B.W.
New member
- Jul 5, 2003
- 13,666
I can see that El Pres, but how do you think we will achieve an £8M loss ('ONLY'!) for 2013/14? We're talking about a cost saving of £3-4M, or increasing revenue by the same amount, or a mixture of both. Sounds a big 'ask' to me, UNLESS there are lots of once-off costs in the 2012/13 accounts ('front-loading')?
Ernest
Stupid IDIOT
Why shamelessly ? Don't believe the papers propaganda
I wonder how much Ian Rennie is paid ?
I'm very confident. Some costs such as legal fees for Azure and redundancy won't arise in 2014. That will save £7-800k. Amex shirt deal, perimeter advertising, lower transport losses, more hospitality income all will contribute too.
- Jul 7, 2003
- 47,625
The club are ultra-confident. That's good enough for me.
B.W.
New member
- Jul 5, 2003
- 13,666
[MENTION=31]El Presidente[/MENTION], this is a little stoopid, but as you're about it's worth a punt.
If our cup run were to continue, and keep continuing past Sheffield Utd, how would the club treat that 'extra' money?
Is it as simple as it just go straight off the debt?
Are we budgeted to say 'round 4' and beyond that, there you go Oscar?
The holders being knocked out in round 3 the following year would really skew the 2 balance sheets.
If our cup run were to continue, and keep continuing past Sheffield Utd, how would the club treat that 'extra' money?
Is it as simple as it just go straight off the debt?
Are we budgeted to say 'round 4' and beyond that, there you go Oscar?
The holders being knocked out in round 3 the following year would really skew the 2 balance sheets.
Brighton Breezy
New member
He doesn't only represent the top paid players though does he? The union looks after young players, players in the lower leagues etc.
But that said, he does seem to get paid an awful lot.
I believe the club were confident of being inside the £8m target this season before both the transfer January window (which would have resulted in a surplus) and the proceeds of any extended cup run.
tinycowboy
Well-known member
I'm not sure - all parts of the group are, I think, loss-making and judging from non-recognition of deferred tax, are expected to remain so, so I can't think of any reason apart from an admin point: their tax return would have to be adjusted for transfer pricing purposes if they did not include a charge for rent. In monetary terms, it makes no difference.
That sounds right to me.
I must say Albion fans are much nicer than Manchester United ones, some of whom have sent me very rude messages after I was on Radio Five Live at lunchtime, talking about United's financial results, and mentioned that United would save money this season from lower interest payments and win bonuses.
Hahahahahahaha breathe hahahahaha!
B.W.
New member
- Jul 5, 2003
- 13,666
Snigger!
Addiseagull
New member
- Nov 30, 2005
- 80
£480k for a CEO of a £25million turnover company is about right. CEO's of £5m-£10m businesses earn £150-£200k per annum, so on this basis £480k for Barber is about right. It's the going rate for a CEO.