The Albion posts losses of £14.7m

[ROSM]

But Barber is only worth less than half a Gordon Taylor, who picks up around a million quid a year for representing the interests of poor, downtrodden footballers.

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]

Hmmm. I don't want to turn this thread into a technical B/S thread, so will make only one point then stand down on the point. The club don't own the stadium Fixed Asset, so, in the club's accounts, isn't the "impact of purchase, sale and depreciation" of the stadium zero? Meaning that rent is simply an operating cost which would not be excluded for FFP? This interpretation would also explain why the rent charged is as low as it is.

I do note that you say that you're pretty sure the club will have agreed the treatment of the rent with the FL.

I'll leave it there.

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.

 

[Lady Whistledown]

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

Indeed. He's a true icon of the working class, up there with Arthur Scargill, surely? Keep the red flag flying, Gordon!

 

[Goldstone1976]

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.

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.]

1:Stadium depreciation/rent is ignored for FFP purposes, so the number is added back to losses to reduce them (as are youth development costs, probably about another £2-2.5million) so our FFP loss is between £11-12million I estimate.

2: TCS Ltd make a loss as they incur the stadium running costs, so nothing available for TB.

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]

Bob Crow: £145,000 p/a but still shamelessly residing in his council house?

Why shamelessly ? Don't believe the papers propaganda

 

[Westdene Seagull]

Bob Crow: £145,000 p/a but still shamelessly residing in his council house?

I wonder how much Ian Rennie is paid ?

 

[El Presidente]

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')?

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.

 

[Lady Whistledown]

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.

I just want you to know that I was listening to you in bed last night

 

[Bozza]

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')?

The club are ultra-confident. That's good enough for me.

 

[B.W.]

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.

Thank you again, El Pres. If you're confident, then I am too!

 

[Stat Brother]

[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.

 

[Brighton Breezy]

But Barber is only worth less than half a Gordon Taylor, who picks up around a million quid a year for representing the interests of poor, downtrodden footballers.

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.

 

[Bozza]

[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.

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.

 

[ditchy]

But Barber is only worth less than half a Gordon Taylor, who picks up around a million quid a year for representing the interests of poor, downtrodden footballers.

Bet Fair and ladbrokes probably do well out of that also

 

[tinycowboy]

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.

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.

 

[El Presidente]

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.

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.

 

[Goldstone1976]

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.]

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.

Snigger!

 

[Addiseagull]

£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.