Cheers mate. I'm working on something at present which hopefully will be available to read online and make some sense of the losses.
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The Albion posts losses of £14.7m
- Thread starter Jo Wadsworth
- Start date
Cheers mate. I'm working on something at present which hopefully will be available to read online and make some sense of the losses.
The Large One
Who's Next?
Footsoldier
Banned
- May 26, 2013
- 2,904
Look forward to it. It was so refreshing to hear your input into the FFP and made so much sense unlike some posts on here. Hope to hear you on the Albion Roar again soon.
Footsoldier
Banned
- May 26, 2013
- 2,904
B.W.
New member
- Jul 5, 2003
- 13,666
Looking forward to that. Thank you in anticipation EP.
The Large One
Who's Next?
You're an ok person as well Al. Always love the show and may it continue
I'm better than OK, I'm... actually, 'OK' will be fine.
Uh-huh.
The Large One
Who's Next?
Because we're not here to please Gary Barlow fans - you've got Juice FM for that.
That, and maybe Kieran didn't want to spend the whole hour on a Busman's Holiday...
Average home "attendance" last season was 26,373
Average home "attendance" so far this season is 26,923
A difference of 550.
We still have home games v Leeds, QPR, Reading, Wigan, amd Charlton, which should bring big crowds and possibly bump up the average for this season a bit.
But I don't know if the club's official finances uses tickets sold or people through the gates so am not sure how similar their figures will be.
B.W.
New member
- Jul 5, 2003
- 13,666
Surely, they'll use tickets sold, since that relates directly to finances?
Dick Knights Mumm
Take me Home Falmer Road
Well done chaps. Excellent show. And excellent thread.
El Pres really does know his football finance onions.
Chapeau.
El Pres really does know his football finance onions.
Chapeau.
Alex Alex Dawson oo! oo!
Primary data is fact
DOWNLOAD THE ACCOUNTS HERE: View attachment BHA FC Ltd (00081077) Financial Statements 2012-13.pdf
The Club's Accounts for 2012/13 were posted on the Companies House website yesterday evening whilst the Leeds game was in progress and at great expense to my company I've now downloaded these in pdf format for all to peruse. No doubt our resident financial guru El Pres will analyse these for us in some detail over the next few days but here are a few highlights:
As was indicated in last week's press release:
1) Annual operating losses are up from £8.6M to £14.7M
2) Ticketing income increased from £7.9M to £8.7M with the average match attendance (ie tickets sold) up from 20,028 to 26,236.
3) Income from the Football league and retail merchandising were down £0.9M and £0.6M respectively although commercial sponsorship and advertising increased by £0.3M.
4) Administrative and operational costs rose by £1.2M to £17.2M; it seems that this increase is a one-off due to staff redundancies.
5) Football costs (ie player, coaching and support staff wages; academy, training ground and player trading costs) were up from £14.8M to £21M.
Some other bits:
6) The costs of running the academy (see 5) increased from £560k to £1.386M, this was partly offset by funding of £480k received when the club was granted a Category 2 Academy Licence.
7) Whilst catering income was up £523k to £1.775M, the football club accounts do not show specifically how much it cost (if anything) to get rid of Azure and use "temporary" caterers for part of last season.
8) Income from loan players was up £215k and there is also income of £27k attributed to "Women and girls"
9) Income from operations and transport increased from £404k to £790k.
10) The club made a profit on player sales of £1.583M (£0.511M in 2011/12).
11) Player amortisation (ie intangible asset depreciation) was £2.671M (£2.132M in 2011/12).
12) The club paid rent of £250k to the stadium owners (The Community Stadium Ltd) for the period 1/4/13-30/6/13 - ie the annual rent is currently £1M/pa..
13) The average monthly number of employees was (2011/12 in brackets):
Players (incl youth players) - 59 (56)
Management and Administration - 180 (122)
Average Match-day P/T staff - 572 (495)
14) Total Directors' remuneration was £721k (£334k), the remuneration of the highest paid director (presumably the CEO) was £480k.
The Club's Accounts for 2012/13 were posted on the Companies House website yesterday evening whilst the Leeds game was in progress and at great expense to my company I've now downloaded these in pdf format for all to peruse. No doubt our resident financial guru El Pres will analyse these for us in some detail over the next few days but here are a few highlights:
As was indicated in last week's press release:
1) Annual operating losses are up from £8.6M to £14.7M
2) Ticketing income increased from £7.9M to £8.7M with the average match attendance (ie tickets sold) up from 20,028 to 26,236.
3) Income from the Football league and retail merchandising were down £0.9M and £0.6M respectively although commercial sponsorship and advertising increased by £0.3M.
4) Administrative and operational costs rose by £1.2M to £17.2M; it seems that this increase is a one-off due to staff redundancies.
5) Football costs (ie player, coaching and support staff wages; academy, training ground and player trading costs) were up from £14.8M to £21M.
Some other bits:
6) The costs of running the academy (see 5) increased from £560k to £1.386M, this was partly offset by funding of £480k received when the club was granted a Category 2 Academy Licence.
7) Whilst catering income was up £523k to £1.775M, the football club accounts do not show specifically how much it cost (if anything) to get rid of Azure and use "temporary" caterers for part of last season.
8) Income from loan players was up £215k and there is also income of £27k attributed to "Women and girls"
9) Income from operations and transport increased from £404k to £790k.
10) The club made a profit on player sales of £1.583M (£0.511M in 2011/12).
11) Player amortisation (ie intangible asset depreciation) was £2.671M (£2.132M in 2011/12).
12) The club paid rent of £250k to the stadium owners (The Community Stadium Ltd) for the period 1/4/13-30/6/13 - ie the annual rent is currently £1M/pa..
13) The average monthly number of employees was (2011/12 in brackets):
Players (incl youth players) - 59 (56)
Management and Administration - 180 (122)
Average Match-day P/T staff - 572 (495)
14) Total Directors' remuneration was £721k (£334k), the remuneration of the highest paid director (presumably the CEO) was £480k.
saafend_seagull
Well-known member
If barber is on close to half a mill that will rattle a few feathers!
Rent on stadium?
Rent on stadium?
KZNSeagull
Well-known member
Sorry for being a bit thick, but is the CEO a Director as well? Am not so sure, but even so, the assumption that he is getting paid 480k (when a figure of just over 100k is what I had heard before), is rather a big one.
Interesting, though, that Management and Admin staff, as well as p/t match staff have gone up considerably even with redundancies. Also that we made a profit on player sales, even with bringing in Ulloa.
Interesting, though, that Management and Admin staff, as well as p/t match staff have gone up considerably even with redundancies. Also that we made a profit on player sales, even with bringing in Ulloa.
saafend_seagull
Well-known member
Of course a CEO can be a director.
Directors run the company.
The accounts will disclose all directors.
saafend_seagull
Well-known member
Breaking news: The Albion posts losses of £14.7m
1: There are three paid directors, Paul Barber, Martin Perry and David Jones (the FD). It doesn't take a genius to work out which of the three picked up the £480k. I suspect that some of that £480k will be performance related in terms of negotiating new deals with sponsors and caterers.
2: The redundancies took place after the year end, so don't show up in the employee numbers, although the costs do as the job losses were announced pre-year end.
3: The profit on player sales is in relation to Craig Noone, it ignores purchases (which were £4.2 million for Ulloa, Dobbie and Crofts). Purchase costs are spread over the length of player contracts and charged in the profit and loss account as the £2.67million amortisation fee.
1: There are three paid directors, Paul Barber, Martin Perry and David Jones (the FD). It doesn't take a genius to work out which of the three picked up the £480k. I suspect that some of that £480k will be performance related in terms of negotiating new deals with sponsors and caterers.
2: The redundancies took place after the year end, so don't show up in the employee numbers, although the costs do as the job losses were announced pre-year end.
3: The profit on player sales is in relation to Craig Noone, it ignores purchases (which were £4.2 million for Ulloa, Dobbie and Crofts). Purchase costs are spread over the length of player contracts and charged in the profit and loss account as the £2.67million amortisation fee.
KZNSeagull
Well-known member
But would he not have to listed as one though, as he is only listed as CEO? I know directors run the company and the CEO carries out the wishes of the board (ie the chairman and directors), and my understanding is that a CEO is not automatically a director. But never mind, I am really questioning the assumption that the highest salary reported is that of the CEO, as it may not be.
KZNSeagull
Well-known member
Right, thanks. Got it! Am very glad we have you on here to explain these things to us thickies!
KZNSeagull
Well-known member
How does ulloa coming in affect player sales
Didnt realise we sold him!
Yes, ok, thank you! I have now been put straight!