End of year Accounts Due This week

[JonnyLove]

Yep the end of year accounts are due our this weel. The year accounts remember will be for July 1st 2010 to 30th June2011.

 

If anyone is able to get a copy of them and post it would be good.

 

I think we will have a small loss of about £4m or less, but what do you think they will reveal?

 

Be interesting to see what the salaries (non footballing and footballing) are to see what sort of club we are going forward.

 

One thing to note is that the AOC money will not be included as this happened after 30th June 2011, but I am sure that will not stop some people out there shouting that we're doomed.

[Thedelldays]

one thing is for sure...a few will kick off at NC salary

[trousers]

They were posted on the Companies House website on 5th April last year IIRC

[Window Cleaner]

 

 

 

I think we will have a small loss of about £4m or less, but what do you think they will reveal?

 

 

At least twice that, probably more...they only go up until 30th June 2011

[Lallana's Left Peg]

I would expect a 10m+ loss, but the accounts to include notes about the expected increase in revenue for 2011/12 season and also the AOC sale.

[Leicestersaint]

I thought we knew that NC is paid over £600,000?

[Joensuu]

I agree about expecting a loss for this period. We had a relatively expensive wage bill throughout this period (probably around £8-£10million I'd guess).

 

We added to this by bringing in Forte, Chaplow, Guly, Butterfield, Dickson & Richardson - and the only notable saving I can remember was losing Thomas off of the wage bill (that seems like ages ago!).

 

Our match day income (after costs) would have brought in c. £6-8m (again a guess).

 

Then there will be the cost of releasing Pardew - who knows how much he cost us. Nigel would have also had some form of fee on arrival.

 

I'd anticipate that the total loss for this period will be c. £7-10m , (not including AOC) which is an absolute steal considering where we are right now. [To put it into context, I'd estimate that over all three years of being in the ownership of the Liebherr's, we have brought in c.£40m, and cost c. £60m to run (including purchase price). But in that same time, our value as an asset has increased from c. £15m, to c. £60-70m. If (big if) we are lucky enough to get promoted, we could see c. £78m (made up of c. + £30m TV money & + £48m parachutes over 4 years). Essentially, so long as we don't start bringing in today's equivents of Tal Ben Haim or Kanu on ridiculous contracts, we should easily cover all the loses next season.]

 

I predict that when the figures are published, some on here will start moaning - I could already make a stab at the most likely people (I'm guessing a certain Austria-based poster might be rather prolithic - he always is when there is a hint of negativity to be found). I'll try to head you off - this is a sustainable loss, and not something to get worked up about.

 

I also predict that the skates will see a second reported loss in a row, and start getting confused between the sustainability of our position and their own... what money on somebody posting about 'Scum in more debt' on one of their forums, followed by comments of 'cheats' and invalid comparisons to their own situation. When they do this, they will be wrong, but will also, no doubt, Corp and the other web-toed phew will forget logic, and bring it up every few weeks for a good bit of trolling (like Dalek with his Hoddle-love or Dune with his extremist sympathies).

[St Chalet]

Nobody give a **** when we pay a player £1m+ per year. But if the chief exec gets 1/2 that all hell breaks loose.

[sotonjoe]

I agree about expecting a loss for this period. We had a relatively expensive wage bill throughout this period (probably around £8-£10million I'd guess).

 

We added to this by bringing in Forte, Chaplow, Guly, Butterfield, Dickson & Richardson - and the only notable saving I can remember was losing Thomas off of the wage bill (that seems like ages ago!).

 

Our match day income (after costs) would have brought in c. £6-8m (again a guess).

 

Then there will be the cost of releasing Pardew - who knows how much he cost us. Nigel would have also had some form of fee on arrival.

 

I'd anticipate that the total loss for this period will be c. £7-10m , (not including AOC) which is an absolute steal considering where we are right now. [To put it into context, I'd estimate that over all three years of being in the ownership of the Liebherr's, we have brought in c.£40m, and cost c. £60m to run (including purchase price). But in that same time, our value as an asset has increased from c. £15m, to c. £60-70m. If (big if) we are lucky enough to get promoted, we could see c. £78m (made up of c. + £30m TV money & + £48m parachutes over 4 years). Essentially, so long as we don't start bringing in today's equivents of Tal Ben Haim or Kanu on ridiculous contracts, we should easily cover all the loses next season.]

 

I predict that when the figures are published, some on here will start moaning - I could already make a stab at the most likely people (I'm guessing a certain Austria-based poster might be rather prolithic - he always is when there is a hint of negativity to be found). I'll try to head you off - this is a sustainable loss, and not something to get worked up about.

 

I also predict that the skates will see a second reported loss in a row, and start getting confused between the sustainability of our position and their own... what money on somebody posting about 'Scum in more debt' on one of their forums, followed by comments of 'cheats' and invalid comparisons to their own situation. When they do this, they will be wrong, but will also, no doubt, Corp and the other web-toed phew will forget logic, and bring it up every few weeks for a good bit of trolling (like Dalek with his Hoddle-love or Dune with his extremist sympathies).

 

Spot on mate. It's all very predictable isn't it?

[trousers]

I also predict that the skates will see a second reported loss in a row, and start getting confused between the sustainability of our position and their own... what money on somebody posting about 'Scum in more debt' on one of their forums, followed by comments of 'cheats' and invalid comparisons to their own situation. When they do this, they will be wrong, but will also, no doubt, Corp and the other web-toed phew will forget logic, and bring it up every few weeks for a good bit of trolling.

 

^ This

[Chez]

I thought we knew that NC is paid over £600,000?

we don't know what his salary is because the last set of accounts only showed 6 months of his wages so we are not sure if it is £600,000 or £1.2m

[Chez]

I predict that when the figures are published, some on here will start moaning - I could already make a stab at the most likely people (I'm guessing a certain Austria-based poster might be rather prolithic - he always is when there is a hint of negativity to be found). I'll try to head you off - this is a sustainable loss, and not something to get worked up about.

 

After what has happened in the past, Saints fans are fully justified in asking serious questions about our finance. No matter how rosy things appear situations can quickly change.

[JonnyLove]

we don't know what his salary is because the last set of accounts only showed 6 months of his wages so we are not sure if it is £600,000 or £1.2m

 

The last accounts were for a full 12 months, I don't remember the director salaries figure but hey I really don't care as long as we keep paying what we owe and don't do a poopey and stop paying the charities and what not but still pay the CEO £1m

[alpine_saint]

Nobody give a **** when we pay a player £1m+ per year. But if the chief exec gets 1/2 that all hell breaks loose.

 

Yep.

 

And from what I have seen, he has earned his crust too....

[alpine_saint]

After what has happened in the past, Saints fans are fully justified in asking serious questions about our finance. No matter how rosy things appear situations can quickly change.

 

Seeing as the club is now a private organisation, from my perspective its actually none of our damned business.

[scotty]

Nobody give a **** when we pay a player £1m+ per year. But if the chief exec gets 1/2 that all hell breaks loose.

 

Very true.

[aintforever]

It's completely up to the owners how much they pay Cortese, and any of the other staff. I don't see why anyone can have issues with it.

 

Wether he is worth £1m+ I dunno. Adkins definitely is.

[Chez]

Seeing as the club is now a private organisation, from my perspective its actually none of our damned business.

They might own it, but the fans are a massive part of the business, I mean club. I would guess that they will depart long before many of us stop supporting the club, so fans ought to ask questions about the amount of debt we are carrying, whether that will written off, be part of a selling price or included as a debt to be serviced by the new owners if that should happen.

 

The skates has been ridiculed on the takeover thread for not asking questions about previous owners and the way they spent beyond its income, but you appear to suggesting they were right for not saying anything as it had nothing to do with them.

[This Charming Man]

Nobody give a **** when we pay a player £1m+ per year. But if the chief exec gets 1/2 that all hell breaks loose.

 

He should be working for free and should feel privileged to even be here. There's no way he should be paid a salary similar to what all CEO's of major, multi-million pound companies earn.

[MbaleSaint]

I believe that NC and NA should both be paid more than the highest paid player.

 

There was a feature somewhere last week (Daily Telegraph?) about European football and there is only one club in Europe where the manager/coach is the highest paid employee - Arsenal.

[Sour Mash]

They might own it, but the fans are a massive part of the business, I mean club. I would guess that they will depart long before many of us stop supporting the club, so fans ought to ask questions about the amount of debt we are carrying, whether that will written off, be part of a selling price or included as a debt to be serviced by the new owners if that should happen.

 

The skates has been ridiculed on the takeover thread for not asking questions about previous owners and the way they spent beyond its income, but you appear to suggesting they were right for not saying anything as it had nothing to do with them.

That's my take on it. The club is being run well, but that shouldn't stop supporters questioning how the club is run.

[Sour Mash]

I believe that NC and NA should both be paid more than the highest paid player.

 

There was a feature somewhere last week (Daily Telegraph?) about European football and there is only one club in Europe where the manager/coach is the highest paid employee - Arsenal.

Yeah, because They've really fulfilled their potential as a club over the last few years..............

[Danbert]

I agree about expecting a loss for this period. We had a relatively expensive wage bill throughout this period (probably around £8-£10million I'd guess).

 

We added to this by bringing in Forte, Chaplow, Guly, Butterfield, Dickson & Richardson - and the only notable saving I can remember was losing Thomas off of the wage bill (that seems like ages ago!).

 

Our match day income (after costs) would have brought in c. £6-8m (again a guess).

 

Then there will be the cost of releasing Pardew - who knows how much he cost us. Nigel would have also had some form of fee on arrival.

 

I'd anticipate that the total loss for this period will be c. £7-10m , (not including AOC) which is an absolute steal considering where we are right now. [To put it into context, I'd estimate that over all three years of being in the ownership of the Liebherr's, we have brought in c.£40m, and cost c. £60m to run (including purchase price). But in that same time, our value as an asset has increased from c. £15m, to c. £60-70m. If (big if) we are lucky enough to get promoted, we could see c. £78m (made up of c. + £30m TV money & + £48m parachutes over 4 years). Essentially, so long as we don't start bringing in today's equivents of Tal Ben Haim or Kanu on ridiculous contracts, we should easily cover all the loses next season.]

 

I predict that when the figures are published, some on here will start moaning - I could already make a stab at the most likely people (I'm guessing a certain Austria-based poster might be rather prolithic - he always is when there is a hint of negativity to be found). I'll try to head you off - this is a sustainable loss, and not something to get worked up about.

 

I also predict that the skates will see a second reported loss in a row, and start getting confused between the sustainability of our position and their own... what money on somebody posting about 'Scum in more debt' on one of their forums, followed by comments of 'cheats' and invalid comparisons to their own situation. When they do this, they will be wrong, but will also, no doubt, Corp and the other web-toed phew will forget logic, and bring it up every few weeks for a good bit of trolling (like Dalek with his Hoddle-love or Dune with his extremist sympathies).

 

Prolithic?

[stevegrant]

The last accounts were for a full 12 months, I don't remember the director salaries figure but hey I really don't care as long as we keep paying what we owe and don't do a poopey and stop paying the charities and what not but still pay the CEO £1m

They were, but Cortese was only appointed as a director halfway through.

 

There's no way he should be paid a salary similar to what all CEO's of major, multi-million pound companies earn.

I'd argue that most CEOs of "major, multi-million pound companies" don't get paid nearly 10% of the company's turnover. If/when our turnover jumps to £50-60m, a £1m+ salary for the CEO might be justified.

[This Charming Man]

They were, but Cortese was only appointed as a director halfway through.

 

 

I'd argue that most CEOs of "major, multi-million pound companies" don't get paid nearly 10% of the company's turnover. If/when our turnover jumps to £50-60m, a £1m+ salary for the CEO might be justified.

 

I admit maybe not the best comparison as football clubs are different in the fact that results on the pitch also play a massive part and you can't really knock him for that at the moment...

[buctootim]

They were, but Cortese was only appointed as a director halfway through.

 

 

I'd argue that most CEOs of "major, multi-million pound companies" don't get paid nearly 10% of the company's turnover. If/when our turnover jumps to £50-60m, a £1m+ salary for the CEO might be justified.

 

 

Its a moot point though. The normal market rate for a CEO of a business of Saints size would be much less if you were hiring someone the owner didnt know through an ad in the paper. In this caseML bought the club and wanted NC to run it, someone he knew and trusted - perhaps they were also good friends. I guess it was worth it to him - very rich and and in poor health - to be able to hand the club over, not need to scrutinise, and enjoy it problem free.

[Winchester Red]

If no NC, there'd have been no ML.

 

Anybody prefer that option?

 

NC took the opportunity to ML and ML was only 'in' if NC was 'in' too

NC is worth whatever (the very wise) ML agreed to give him to manage his investment

 

PPFM

(Thats 'Premiership Promotion For Markus' in case anyone was wondering)

[Mowgli]

That's my take on it. The club is being run well, but that shouldn't stop supporters questioning how the club is run.

 

I just can't get rid of this image of an obese saints fan slamming down his carling and whilst spraying balti pie all over the place saying" ....'ere Nic, I've got a few ideas on 'ow you should run this 'ere club...". Nic adjusts his silk tie and thinks "...hmmmm, could be just the advice I'm looking for...."

 

Sorry - not having a go at you. Just amused me. (I'm easily amused...)

[CB Fry]

Seeing as the club is now a private organisation, from my perspective its actually none of our damned business.

 

In that case it was none of our damned business when Wilde, Lowe and Crouch were in charge. We were listed but if you weren't a shareholder your opinion was equally worthless.

 

Didn't stop you moaning though.