[Albion] Albion announce £122.8m profit for the 2022/23 season

[deletebeepbeepbeep]

All this without the Caicedo, Sanchez money

 

[A1X]

 

[AZ Gull]

This is not the case. Pedro’s 30m fee will have come off of the cash balance, but he’ll have been included on the asset register with a value of 30m. Net result: zero loss. This value willl be amortised over the 5 years of his contract, so in terms of the accounts he’ll cost the club 6m a year until either his current contract expires or he signs a new deal.

The question I was responding to was whether Joao Pedro's purchase was in this set of accounts (22-23) or next year (23-24). I was making the point it will be in this year's.

 

[Stat Brother]

Mr Bloom at the next owners meeting discussing points being docked

 

[nwgull]

So sales are included as the full sale price upfront but purchases are spread across the length of the contract? That seems really odd.

It's standard accountancy practice and makes sense as part of a business's value is it's assets. Having a 30m player contracted for 4 years is a significant asset!

 

[raymondo]

Mr Bloom at the next owners meeting discussing points being docked

He should push for much harsher punishments!!

 

[Biscuit]

Can't wait for the next episode of The Price of Football. Chance for the dullard to cash in on all those cheap jibes the so-called comedian still comes out with. Except he's too classy to rub it in.

Oh look, another unfunny couscous reference as you say, Kieran is too classy.

 

[AZ Gull]

So sales are included as the full sale price upfront but purchases are spread across the length of the contract? That seems really odd.

It isn't really.

If you were a manufacturing company and bought a machine that would be in operation for five years, it makes perfect sense to spread the purchase cost out over those five years.
If you then sold an older machine that you no longer required, to a different manufacturing company, you would recognise the proceeds of the sale in the year you sold it (along with some accountancy jiggery pokery based upon the remaining value it had on your books).

In essence football clubs are doing exactly that with players (except they are referred to as intangible assets rather than fixed assets).

 

[origigull]

It just puts the prices up.

It depends if there is a fire sale before the end of June.

 

[Dick Knights Mumm]

Tony Bloom. What a man.

 

[Perkino]

Fabulous news, I don't expect this to have any impact on our strategy. Sell a couple in the summer for big money and bring in a handful of potentials all U21's and possibly 1 experienced player to bolster the squad

 

[Peppermint Tea]

Fabulous news, I don't expect this to have any impact on our strategy. Sell a couple in the summer for big money and bring in a handful of potentials all U21's and possibly 1 experienced player to bolster the squad

Agree re no change to the overarching strategy. However, I do think the squad needs more of an overhaul this summer than in any of the last few summers. I say that because I feel we have recalibrated our ambitions to be pushing for European places, not just top 10.

 

[Gabbiano]

It's standard accountancy practice and makes sense as part of a business's value is it's assets. Having a 30m player contracted for 4 years is a significant asset!

When you put it like that it makes much more sense!

I'll never be an accountant, I don't think in the right logic for it!

 

[nwgull]

Fabulous news, I don't expect this to have any impact on our strategy. Sell a couple in the summer for big money and bring in a handful of potentials all U21's and possibly 1 experienced player to bolster the squad

I don't know, we've often bought straight-into-the-first-choice-team players - eg Cucurella, Estupinan and Pedro - but they're usually limited to one per window. I reckon we might buy 2 or 3 this year, and I don't think we'll sell anyone apart from Undav and maybe a couple of other loanees that aren't likley to step up to PL level.

 

[Bob!]

 

[amexer]

Understand now why PB said for expense reasons unable to put a cover over steps to P&R

 

[Bozza]

@El Presidente's analysis can be found here:

Brighton & Hove Albion 22/23 Financial Report: Complete Control - The Daily Seagull

In-depth analysis of Brighton & Hove Albion's 2022/23 financial results, from the Price of Football's Kieran Maguire.

www.northstandchat.com

 

[Terry Connor]

@El Presidente's analysis can be found here:

Brighton & Hove Albion 22/23 Financial Report: Complete Control - The Daily Seagull

In-depth analysis of Brighton & Hove Albion's 2022/23 financial results, from the Price of Football's Kieran Maguire.

www.northstandchat.com

Yeah, that's a laugh!

 

[cjd]

@El Presidente's analysis can be found here:

Brighton & Hove Albion 22/23 Financial Report: Complete Control - The Daily Seagull

In-depth analysis of Brighton & Hove Albion's 2022/23 financial results, from the Price of Football's Kieran Maguire.

www.northstandchat.com

A fantastic read........and a few very witty remarks by the author...!

 

[Bob!]

@El Presidente's analysis can be found here:

Brighton & Hove Albion 22/23 Financial Report: Complete Control - The Daily Seagull

In-depth analysis of Brighton & Hove Albion's 2022/23 financial results, from the Price of Football's Kieran Maguire.

www.northstandchat.com

That is a lovely read!