trousers Posted 31 March, 2014 Share Posted 31 March, 2014 (edited) @SouthamptonFC: Financial results for the year ended 30th June 2013: http://t.co/3V4UgpxUEX #saintsfc http://t.co/6wJn7sPJzn m.twitter.com/SouthamptonFC Total revenue increased 213% to £71.8m (2012: £22.9m) with average league attendances up from 26,427 to 30,807 Broadcasting income grew from £5.6m in 2011/12 to £46.9m in 2012/13 Matchday income of £11.8m in 2011/12 has risen to £16.9m in 2012/13 Commercial income increased from £4.8m in 2011/12 to £6.7m in 2012/13 Profit before player trading increased to £8.7m but with an overall net loss of £7.1m. Player trading included a one-off exceptional cost of a £2.1m impairment charge to write off the carrying value of certain players The loss before interest and tax has reduced to £6.6m (2012: £11.9m loss) Club wage to turnover ratio reduced to 65% (2012:102% after the removal of exceptional bonuses) Total group wages, including player wages, increased to £47.1m in 2013 from £28.7m in 2012 At 30 June 2013 (balance sheet date) there were £21m of committed transfer fees still to be paid and since this date a further £27m of player transfers were negotiated (in the 2013/14 season). Whilst £21m has been paid in this current season, £27m will still be owed from 30 June 2014, with £22m of this being due in 2014/15 alone A £5.6m loan was taken out with Vibrac in September 2012 to enable the Club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities Expenditure on the total training ground project now anticipated to exceed £30m. The first phase of the build is expected to open this summer Further investment from the shareholder in the year was £12.5m, with another £2.2m in September 2013 bringing the total investment since acquisition to achieve promotion to the Barclays Premier League to £52.7m. £37.9m of this has been converted into equity shares in the year bringing net liabilities down to £1.6m from £32.4m in 2012 Edited 31 March, 2014 by trousers Link to comment Share on other sites More sharing options...
Bewildered Posted 31 March, 2014 Share Posted 31 March, 2014 http://www.saintsfc.co.uk/news/article/31032014-financial-results-201213-1455995.aspx Full year as a member of the Barclays Premier League Total revenue increased 213% to £71.8m (2012: £22.9m) with average league attendances up from 26,427 to 30,807 Broadcasting income grew from £5.6m in 2011/12 to £46.9m in 2012/13 Matchday income of £11.8m in 2011/12 has risen to £16.9m in 2012/13 Commercial income increased from £4.8m in 2011/12 to £6.7m in 2012/13 Profit before player trading increased to £8.7m but with an overall net loss of £7.1m. Player trading included a one-off exceptional cost of a £2.1m impairment charge to write off the carrying value of certain players The loss before interest and tax has reduced to £6.6m (2012: £11.9m loss) Club wage to turnover ratio reduced to 65% (2012:102% after the removal of exceptional bonuses) Total group wages, including player wages, increased to £47.1m in 2013 from £28.7m in 2012 At 30 June 2013 (balance sheet date) there were £21m of committed transfer fees still to be paid and since this date a further £27m of player transfers were negotiated (in the 2013/14 season). Whilst £21m has been paid in this current season, £27m will still be owed from 30 June 2014, with £22m of this being due in 2014/15 alone A £5.6m loan was taken out with Vibrac in September 2012 to enable the Club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities Expenditure on the total training ground project now anticipated to exceed £30m. The first phase of the build is expected to open this summer Further investment from the shareholder in the year was £12.5m, with another £2.2m in September 2013 bringing the total investment since acquisition to achieve promotion to the Barclays Premier League to £52.7m. £37.9m of this has been converted into equity shares in the year bringing net liabilities down to £1.6m from £32.4m in 2012 Link to comment Share on other sites More sharing options...
brmbrm Posted 31 March, 2014 Share Posted 31 March, 2014 No idea how this compares with other clubs but shows the vast difference between CCC and PL. On the face of it, it looks pretty healthy to me Link to comment Share on other sites More sharing options...
skintsaint Posted 31 March, 2014 Share Posted 31 March, 2014 Broadcasting income grew from £5.6m in 2011/12 to £46.9m in 2012/13 Just shows how important it is to stay in this league, I think now this figure is now up near 70m? Link to comment Share on other sites More sharing options...
Saint Garrett Posted 31 March, 2014 Share Posted 31 March, 2014 Overall position not really a surprise due to the training ground and transfer fees. Link to comment Share on other sites More sharing options...
Convict Colony Posted 31 March, 2014 Share Posted 31 March, 2014 Hans Hofstetter, Director, added: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again. “The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club. “In the short time I have been at Southampton it has become abundantly clear that we are blessed with a staff that has all the necessary skills with which to progress, and now that we can supplement that with a strong Board I am sure we will enjoy a successful future together.” Read more at http://www.saintsfc.co.uk/news/article/31032014-financial-results-201213-1455995.aspx#8pIlUjdxubz1XvIb.99 Link to comment Share on other sites More sharing options...
Bewildered Posted 31 March, 2014 Share Posted 31 March, 2014 (edited) Also was listening to Solent a few minutes ago and Adam Blackmore said the board will not sell any players (without Pochettino's approval) despite the high transfer debt, which was the main headline along with the fact they have overspent on the training ground. BBC Solent Sport @solentsport 1m EXCLUSIVE #saintsfc director Hans Hofstetter tells us "We are in a position where we do not have to sell any players Mauricio wants to keep” BBC Solent Sport @solentsport 30s #saintsfc financial headlines for 2012-13: Operating profit 8.7 mil, net loss 7.1m. Training ground cost set to be 30m, double original 15m Edited 31 March, 2014 by Bewildered Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 More reliance on tv rights to secure players, awful business model for all clubs to have, we dont get the money to keep the players, agents and tax man does. Link to comment Share on other sites More sharing options...
Bewildered Posted 31 March, 2014 Share Posted 31 March, 2014 BBC Solent Sport @solentsport 21s #saintsfc finances 2012-13: 27M still outstanding in transfer debt going into NEXT season, 2014-15, with 22M owed during that year perhaps these figures show why KL didn't want Cortese running the show on his own anymore... Link to comment Share on other sites More sharing options...
Goatboy Posted 31 March, 2014 Share Posted 31 March, 2014 More reliance on tv rights to secure players, awful business model for all clubs to have, we dont get the money to keep the players, agents and tax man does. Where would you like the money to come from? Link to comment Share on other sites More sharing options...
Bucks Saint Posted 31 March, 2014 Share Posted 31 March, 2014 Training ground to cost double original figure? Wow, some reasonable sized clubs spent this on their grounds... Link to comment Share on other sites More sharing options...
Bewildered Posted 31 March, 2014 Share Posted 31 March, 2014 Another quote from Hofstetter BBC Solent Sport @solentsport 1m #saintsfc director Hans Hofstetter says transfer debt is a burden but one that will be covered & won't affect board's long-term plans Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 Where would you like the money to come from? I would like self reliance and clubs to grow from within. Its a false economy, note the wages increase to sky money. Link to comment Share on other sites More sharing options...
farawaysaint Posted 31 March, 2014 Share Posted 31 March, 2014 5million loss isn't too bad, we're looking rather healthy actually. 3 million in impairment losses on players, presumably Gaston and Vorren? Link to comment Share on other sites More sharing options...
Goatboy Posted 31 March, 2014 Share Posted 31 March, 2014 I would like self reliance and clubs to grow from within. Its a false economy, note the wages increase to sky money. What does self reliance and growing from within mean? Increasing capacity and selling the academy products? Link to comment Share on other sites More sharing options...
Wiggles31 Posted 31 March, 2014 Share Posted 31 March, 2014 Great news regarding the selling of players. Still think Shaw will leave however. Keeping MP is vital to the progress of the club and keeping players. Perhaps this shows the iron fisted Cortese wasn't running quite a tight ship as he would have let us believe. Link to comment Share on other sites More sharing options...
david in sweden Posted 31 March, 2014 Share Posted 31 March, 2014 in business - don't pay bills until you absolutely have to. The money is better off in your bank account than the " other guy's ". interesting figs. on commercial income. £6.7 million....perhaps this was the area that Ralph Kreuger was referring to when he spoke about the club having huge potential in marketing.(?) There may well be some " red figures " for a season or two more.... whilst we still have players in the club who were bought on long contracts when we were in L1 / Championship, yet don't play any more. Link to comment Share on other sites More sharing options...
Goatboy Posted 31 March, 2014 Share Posted 31 March, 2014 Great news regarding the selling of players. Still think Shaw will leave however. Keeping MP is vital to the progress of the club and keeping players. Perhaps this shows the iron fisted Cortese wasn't running quite a tight ship as he would have let us believe. When you change your mind every five minutes, projected costs tend to creep up. Link to comment Share on other sites More sharing options...
Bucks Saint Posted 31 March, 2014 Share Posted 31 March, 2014 Its a false economy, note the wages increase to sky money. Revenue up nearly £50m, wages up less than £20m, so 40% of the increase. Wages are not the issue Link to comment Share on other sites More sharing options...
Goatboy Posted 31 March, 2014 Share Posted 31 March, 2014 in business - don't pay bills until you absolutely have to. The money is better off in your bank account than the " other guy's ". interesting figs. on commercial income. £6.7 million....perhaps this was the area that Ralph Kreuger was referring to when he spoke about the club having huge potential in marketing.(?) There may well be some " red figures " for a season or two more.... whilst we still have players in the club who were bought on long contracts when we were in L1 / Championship, yet don't play any more. I noticed how low that was too. Massive increase possible there for sure. Link to comment Share on other sites More sharing options...
dubai_phil Posted 31 March, 2014 Share Posted 31 March, 2014 5million loss isn't too bad, we're looking rather healthy actually. 3 million in impairment losses on players, presumably Gaston and Vorren? Also the cancelling of contracts of some from Hammond, Sharp, Fox, Barnard and others as well don't forget. Link to comment Share on other sites More sharing options...
John Boy Saint Posted 31 March, 2014 Share Posted 31 March, 2014 Training ground to cost double original figure? Wow, some reasonable sized clubs spent this on their grounds... "in excess of £30m" That's pretty much what what SMS cost. Link to comment Share on other sites More sharing options...
Saint Charlie Posted 31 March, 2014 Share Posted 31 March, 2014 Spurs spent over 45m on their TG which is considered the best in the PL. Clearly NC wanted to compete with the best and at least that leaves a long term mark unlike transfer spend. Poor Commercial income is the headline here IMO. Plus the summdr would aplear to be a case of keeping existing players rather than spending big on any new ones. Certainly wouldnt expect any 10m plus signings unless we do sell someone. Would be totally happy to sign nobody major if it meant keeping all the players we have. Link to comment Share on other sites More sharing options...
dronskisaint Posted 31 March, 2014 Share Posted 31 March, 2014 I would like self reliance and clubs to grow from within. Its a false economy, note the wages increase to sky money. And how much have you contributed to assist this style of growth - I suggest it's easy to imply doubling the seat price if you don't attend? Link to comment Share on other sites More sharing options...
SO16_Saint Posted 31 March, 2014 Share Posted 31 March, 2014 I noticed how low that was too. Massive increase possible there for sure. Wonder if that figure includes the Link to comment Share on other sites More sharing options...
Graffito Posted 31 March, 2014 Share Posted 31 March, 2014 I'd be interested to know how and why the training ground costs have doubled. Link to comment Share on other sites More sharing options...
dronskisaint Posted 31 March, 2014 Share Posted 31 March, 2014 Training ground to cost double original figure? Wow, some reasonable sized clubs spent this on their grounds... It's a big jump but the land (I believe we've purchased more of what was previously leased) is a tangible asset that has a value on the balance sheet, the value of that acreage must be significant. Link to comment Share on other sites More sharing options...
jasoneuelllfanclub Posted 31 March, 2014 Share Posted 31 March, 2014 I think the new tv deal will show a significant increase in total revenue in next years books plus hopefully we will get a much bigger brand on the shirts next season we are in a good position to negotiate a good deal given the clubs successes on the pitch and positive media exposure club has had this season. just hope Poch gets funds to add the 3-4 quality players needed to take us up another level. Would require about £30m to do that I think, so KL will need to dig deep if she is to fulfill his and the players ambitions. Link to comment Share on other sites More sharing options...
Olallana Posted 31 March, 2014 Share Posted 31 March, 2014 Also the cancelling of contracts of some from Hammond, Sharp, Fox, Barnard and others as well don't forget. Actually do forget those, I think those happened after june 30 2013, didn´t they? Link to comment Share on other sites More sharing options...
CanadaSaint Posted 31 March, 2014 Share Posted 31 March, 2014 just hope Poch gets funds to add the 3-4 quality players needed to take us up another level. Would require about £30m to do that I think, so KL will need to dig deep if she is to fulfill his and the players ambitions. While Katharina seems willing to handle the current transfer deficit, there's a conspicuous absence of any reference to funding for incoming transfers. Hofstetter's comment that "We are in a position where we do not have to sell any players Mauricio wants to keep” might have a an edge to it - that he might need to sell before he can buy, although the increase in TV money should help somewhat. In the upcoming negotiations with Pochettino, this issue may well be at least as important to him as his salary and incentives. Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2014 Author Share Posted 31 March, 2014 Quality thread Link to comment Share on other sites More sharing options...
LGTL Posted 31 March, 2014 Share Posted 31 March, 2014 It becomes clearer all the time why Cortese was let go. I wouldn't be expecting us to be spending £30 million plus again. Unless we sell Shaw and Lallana but I'd rather keep them two and spend nothing. Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 What does self reliance and growing from within mean? Increasing capacity and selling the academy products? What does self reliance mean? And an organic business plan mean? Is it still Saturday there? Link to comment Share on other sites More sharing options...
hutch Posted 31 March, 2014 Share Posted 31 March, 2014 I'd be interested to know how and why the training ground costs have doubled. Insulation in the internal drywall partitions? Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 If we spend big and sell no one of Lallana, Schneiderlin, Lovren, Shaw or Rodridguez in the summer I will pay for every member a years subscription. Link to comment Share on other sites More sharing options...
Sour Mash Posted 31 March, 2014 Share Posted 31 March, 2014 Not too bad figures all considered, but does suggest that NC was a bit lberal with some of the spending - can understand why KL would want greater checks and balances. How can you spend £30m on a training ground upgrade? When will that be open and ready? Better be bloody impressive! Link to comment Share on other sites More sharing options...
Olallana Posted 31 March, 2014 Share Posted 31 March, 2014 If we spend big and sell no one of Lallana, Schneiderlin, Lovren, Shaw or Rodridguez in the summer I will pay for every member a years subscription. Think you need to define that part there... Link to comment Share on other sites More sharing options...
aintforever Posted 31 March, 2014 Share Posted 31 March, 2014 Oh dear, looks like we will sell Shaw then: http://www.bbc.co.uk/sport/0/football/26813363 No wonder they got shot of Cortese. Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 Think you need to define that part there... £50 Million so we can pursue our Champions League aims. Link to comment Share on other sites More sharing options...
Tom28 Posted 31 March, 2014 Share Posted 31 March, 2014 The most worrying thing there for me, and the biggest area for growth, is the £6.7m in commercial revenue. That is awful and needs rectifying. That must be in the bottom 6 of the Premier League. The more we can grow that area of the business, the more funding will be available for players. Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 31 March, 2014 Share Posted 31 March, 2014 If we spend big and sell no one of Lallana, Schneiderlin, Lovren, Shaw or Rodridguez in the summer I will pay for every member a years subscription. No weaseling out of this one Barry. What are the rules? Summer transfer deadline day ok for you? Spend big = total spend of £10m agreed? Link to comment Share on other sites More sharing options...
Barry Sanchez Posted 31 March, 2014 Share Posted 31 March, 2014 No weaseling out of this one Barry. What are the rules? Summer transfer deadline day ok for you? Spend big = total spend of £10m agreed? Is £10 Million big Tokyo for a Premiership club wanting Champions League football? Are you Renton off trainspotting? Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 31 March, 2014 Share Posted 31 March, 2014 Ah first sign of the backtracking. What figure do you have in mind Barry? And no, I am sickboy. Link to comment Share on other sites More sharing options...
trousers Posted 31 March, 2014 Author Share Posted 31 March, 2014 Oh dear, looks like we will sell Shaw then: http://www.bbc.co.uk/sport/0/football/26813363 No wonder they got shot of Cortese. "We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us." Is that referring to bringing in new players? Link to comment Share on other sites More sharing options...
Frank's cousin Posted 31 March, 2014 Share Posted 31 March, 2014 Oh dear, looks like we will sell Shaw then: http://www.bbc.co.uk/sport/0/football/26813363 No wonder they got shot of Cortese. i may be completely wrong, but can someone please explain the difference between the headline of 'We owe 27 mil in Transfer fees' which implies some sort of wreck less spending.... And the more typical payment of transfer fees over a number of years which is quite normal... Either we have done something different to all other clubs, or it's a normal situation... Which is it? Seriously, I don't know, but would prefer to understand this all before assessing/accusing etc... As to the training Ground, I thought original plans were 15 mil, but a DECISION was taken to go the extra mile and invest more... I may be wrong on that, but so many contradictory stories appear, it's not easy to get to the TRUTH hidden amongst so much agenda... Link to comment Share on other sites More sharing options...
Goatboy Posted 31 March, 2014 Share Posted 31 March, 2014 £50 Million so we can pursue our Champions League aims. Where will this £50m come from in this self reliant model? Link to comment Share on other sites More sharing options...
beatlesaint Posted 31 March, 2014 Share Posted 31 March, 2014 Oh dear, looks like we will sell Shaw then: http://www.bbc.co.uk/sport/0/football/26813363 Can you please explain how in reading that article you have come to that conclusion ? You are suggesting MP wants to sell him are you ? Link to comment Share on other sites More sharing options...
SO16_Saint Posted 31 March, 2014 Share Posted 31 March, 2014 Oh dear, looks like we will sell Shaw then: http://www.bbc.co.uk/sport/0/football/26813363 No wonder they got shot of Cortese. It sure does... Hofstetter says: "That past means Southampton will begin next season with a transfer debt of £27m - despite already repaying £21m of fees this season alone - but Hofstetter says that will not lead to the sale of star players such as Luke Shaw, Jay Rodriguez and Adam Lallana. "The most important point is that we are in a position where we do not need to sell any player Mauricio [Pochettino] wants to keep," Hofstetter added." Link to comment Share on other sites More sharing options...
Saint_clark Posted 31 March, 2014 Share Posted 31 March, 2014 Paying transfer fees over a few years is normal practice, this hans bloke (where did he come from? Dont remember seeing him announced) probably just isnt used to the kind of business practice you find in football and so sees the debt as a huge problem. Link to comment Share on other sites More sharing options...
SO16_Saint Posted 31 March, 2014 Share Posted 31 March, 2014 https://www.duedil.com/company/06951765/dmwsl-613-limited [h=5]Cash[/h]2.5MGBP [h=5]Net Worth[/h]-48.9MGBP [h=5]Current Liabilities[/h]28MGBP [h=5]Health[/h]Active Link to comment Share on other sites More sharing options...
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