skintsaint Posted 9 October, 2015 Share Posted 9 October, 2015 http://www.saintsfc.co.uk/news/article/20151009-southampton-financial-results-2014-15-2735534.aspx Link to comment Share on other sites More sharing options...
CumbrianSaint Posted 9 October, 2015 Share Posted 9 October, 2015 Lol we made money lol lol lol Link to comment Share on other sites More sharing options...
jawillwill Posted 9 October, 2015 Share Posted 9 October, 2015 Osvaldo was an expensive f-uck up! Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 Link to comment Share on other sites More sharing options...
Saints foreva Posted 9 October, 2015 Share Posted 9 October, 2015 £61m in debt. Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 £61m in debt. We're doomed!! Link to comment Share on other sites More sharing options...
Saint-scooby Posted 9 October, 2015 Share Posted 9 October, 2015 Turnover seems low, player sales and TV rights ? Good to see a profit Link to comment Share on other sites More sharing options...
corky morris Posted 9 October, 2015 Share Posted 9 October, 2015 Osvaldo was a total failure. Most businesses have debt in various forms. Its our ability to service it that is the key point. Truth is, we would minimise taxable profits as much as possible. I wonder how much The Liebher family would get for the club now if it were for sale?? Link to comment Share on other sites More sharing options...
Goatboy Posted 9 October, 2015 Share Posted 9 October, 2015 £61m in debt. Which we could clear by selling 2-3 players if needs be. Link to comment Share on other sites More sharing options...
The Cat Posted 9 October, 2015 Share Posted 9 October, 2015 Disappointing the club didn't release the account figures in $hlongs. Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 9 October, 2015 Share Posted 9 October, 2015 No doubt those di ck heads down the road will be all over it in order to make a few more myths Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 Which we could clear by selling 2-3 players if needs be. No doubt there are some half wits in Pompeyland comparing apples with oranges as we speak... Link to comment Share on other sites More sharing options...
Sour Mash Posted 9 October, 2015 Share Posted 9 October, 2015 Osvaldo was a total failure. Most businesses have debt in various forms. Its our ability to service it that is the key point. Truth is, we would minimise taxable profits as much as possible. I wonder how much The Liebher family would get for the club now if it were for sale?? Is our level of debt quite high though in comparison to turnover? What's our likely approach to the debt? Just chip away at it year on year? Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 Is our level of debt quite high though in comparison to turnover? What's our likely approach to the debt? Just chip away at it year on year? Depends how much profit Katharina wants to make from the club if/when she decided to sell. For as long as she has no desire to sell, the £61m of "debt" (aka 'owner loans') has no real significance. (IMO) Link to comment Share on other sites More sharing options...
Saint Charlie Posted 9 October, 2015 Share Posted 9 October, 2015 Commercial income still poor given the worldwide stage of the PL. Link to comment Share on other sites More sharing options...
Toomer Posted 9 October, 2015 Share Posted 9 October, 2015 When Rogers was interviewed on Solent he said the debt was £8m less than they thought it would be. Link to comment Share on other sites More sharing options...
Redslo Posted 9 October, 2015 Share Posted 9 October, 2015 Can anyone explain why the financial report is not yet available at company house? I am not suggesting there is anything improper going on, I just want to look at the actual annual report. Link to comment Share on other sites More sharing options...
ben05 Posted 9 October, 2015 Share Posted 9 October, 2015 Can anyone explain why the financial report is not yet available at company house? I am not suggesting there is anything improper going on, I just want to look at the actual annual report. I tried to access it this morning too. Normally companies house takes a day or so to process and upload the accounts. From memory I think the prior year accounts were available on CH the next day. Link to comment Share on other sites More sharing options...
Sour Mash Posted 9 October, 2015 Share Posted 9 October, 2015 Depends how much profit Katharina wants to make from the club if/when she decided to sell. For as long as she has no desire to sell, the £61m of "debt" (aka 'owner loans') has no real significance. (IMO) Yeah, I'd agree with that, nature of the "debt" being important. Link to comment Share on other sites More sharing options...
doddisalegend Posted 9 October, 2015 Share Posted 9 October, 2015 Commercial income still poor given the worldwide stage of the PL. Its going to take time to increase that though and it has gone up 21% in a year which is pretty good going Imo. Link to comment Share on other sites More sharing options...
Lallana's Left Peg Posted 9 October, 2015 Share Posted 9 October, 2015 Depends how much profit Katharina wants to make from the club if/when she decided to sell. For as long as she has no desire to sell, the £61m of "debt" (aka 'owner loans') has no real significance. (IMO) I think that is fair but it does sort of go at odds with some of the holier than thou 'we run a football club the proper way' message the club has been sending out. Just because it is a 'soft' debt doesn't mean it is any less of a debt, it just means we are fortunate to have an owner who doesn't appear to want her money back unless she sells the club. It will be interesting to see what the plan is to reduce the debt while continuing to invest on the pitch. Commercial income must increase dramatically (£10m is pathetic for a club finishing where we do in the most financially powerful league in the world) and this is a big summer for the club (again!). Link to comment Share on other sites More sharing options...
Lallana's Left Peg Posted 9 October, 2015 Share Posted 9 October, 2015 Its going to take time to increase that though and it has gone up 21% in a year which is pretty good going Imo. It doesn't have to. Our sponsorship deal with Veho is up this summer and whilst it was a nice partnership it is now time to get a sponsor who can pay us market rate for our standing in the game. Likewise, I think new shirt deal kicks in this summer. There is scope for it to increase dramatically this summer. Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 Can anyone explain why the financial report is not yet available at company house? I am not suggesting there is anything improper going on, I just want to look at the actual annual report. Isn't there a difference between filing an "annual return" and "full accounts"? In the previous 12 months (for example), an 'annual return' was filed on 22nd September 2014 and the 'full accounts' on 16th April 2015... [TABLE=class: full-width-table, width: 960] [TR] [TD=class: nowrap]16 Apr 2015[/TD] [TD]Full accounts made up to 30 June 2014[/TD] [TD=class: nowrap]View PDF (24 pages) [/TD] [/TR] [TR] [TD=class: nowrap]22 Sep 2014[/TD] [TD]Annual return made up to 21 September 2014 with full list of shareholders Statement of capital on 2014-09-22 GBP 501,000 [/TD] [TD=class: nowrap]View PDF (5 pages) [/TD] [/TR] [/TABLE] Link to comment Share on other sites More sharing options...
farawaysaint Posted 9 October, 2015 Share Posted 9 October, 2015 Isn't there a difference between filing an "annual return" and "full accounts"? In the previous 12 months (for example), an 'annual return' was filed on 22nd September 2014 and the 'full accounts' on 16th April 2015... Annual returns are just information required by the Companies house as opposed to audited financials. It consists of director information as well as the Registered Address etc. I will take a look at the full financials and post a detailed analysis after work if anyone is interested. Link to comment Share on other sites More sharing options...
doddisalegend Posted 9 October, 2015 Share Posted 9 October, 2015 (edited) It doesn't have to. Our sponsorship deal with Veho is up this summer and whilst it was a nice partnership it is now time to get a sponsor who can pay us market rate for our standing in the game. Likewise' date=' I think new shirt deal kicks in this summer. There is scope for it to increase dramatically this summer.[/quote'] Wasn't aware the sponsorship deal was up so yeah that will make a difference if we go for someone big. Edited 9 October, 2015 by doddisalegend Link to comment Share on other sites More sharing options...
Doctoroncall Posted 9 October, 2015 Share Posted 9 October, 2015 Annual returns are just information required by the Companies house as opposed to audited financials. It consists of director information as well as the Registered Address etc. I will take a look at the full financials and post a detailed analysis after work if anyone is interested. That would be great. Thanks. Link to comment Share on other sites More sharing options...
suewhistle Posted 9 October, 2015 Share Posted 9 October, 2015 Just because it is a 'soft' debt doesn't mean it is any less of a debt' date=' [/quote'] Yes, but unlike some other clubs we could mention.. it's asset backed. Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 I will take a look at the full financials and post a detailed analysis after work if anyone is interested. Where will you be getting the full financials from if they've not been posted on Companies House website? (pardon my curiosity....there goes another cat!) Link to comment Share on other sites More sharing options...
farawaysaint Posted 9 October, 2015 Share Posted 9 October, 2015 Where will you be getting the full financials from if they've not been posted on Companies House website? (pardon my curiosity....there goes another cat!) No no, I'm a berk I assumed they had been released because of the thread title If they haven't I'm just as clueless as the rest of us. Link to comment Share on other sites More sharing options...
Turkish Posted 9 October, 2015 Share Posted 9 October, 2015 Great to see commerical income back on the way up, its's going to take a while to rebuild the bridges burnt by the previous CEO who seemed to p*ss off as many people as possible. Plenty of inherited debt as well from the great business man. Link to comment Share on other sites More sharing options...
Saint_clark Posted 9 October, 2015 Share Posted 9 October, 2015 Hasn't the level of debt increased since he left...? Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 Hasn't the level of debt increased since he left...? "A ship that springs a leak will take in more water until you've repaired all the holes" - Bobby Davro, Ipswich Empire, Christmas 1983 Link to comment Share on other sites More sharing options...
mrfahaji Posted 9 October, 2015 Share Posted 9 October, 2015 Disappointing the club didn't release the account figures in $hlongs. I heard somewhere that Portsmouth FC have been valued at £5.5m. That's less than half a shlong. Still, I doubt Portsmouth would score against Germany. Link to comment Share on other sites More sharing options...
stevegrant Posted 9 October, 2015 Share Posted 9 October, 2015 Hasn't the level of debt increased since he left...? Solely attributed to the training ground redevelopment, as far as I can tell. The one thing that's surprised me with the whole thing is how early we've released the figures this year - for as long as I can remember, we've always released the financials on the last day possible, usually 31st March the following year. With the new TV deal kicking in next season and the domestic deal alone being worth 70% more than the existing one, that would probably be a good time to start repaying some of that "soft" debt. Link to comment Share on other sites More sharing options...
Mr Biscuits Posted 9 October, 2015 Share Posted 9 October, 2015 Always amuses me how people fail to understand debt. They see the word and assume it is a bad thing and therefore bad for the club. The debt would be bad for Saints if they were failing to at least meet any interest payments or if they could not realise some assets to clear it. How can anyone not realise that the stadium alone more than covers this current debt? Link to comment Share on other sites More sharing options...
Stud mark of doom Posted 9 October, 2015 Share Posted 9 October, 2015 I think that is fair but it does sort of go at odds with some of the holier than thou 'we run a football club the proper way' message the club has been sending out. Just because it is a 'soft' debt doesn't mean it is any less of a debt, it just means we are fortunate to have an owner who doesn't appear to want her money back unless she sells the club. It will be interesting to see what the plan is to reduce the debt while continuing to invest on the pitch. Commercial income must increase dramatically (£10m is pathetic for a club finishing where we do in the most financially powerful league in the world) and this is a big summer for the club (again!). Would you rather we spent our income on tax or new players (Osvaldo excluded, obvs) Link to comment Share on other sites More sharing options...
Lallana's Left Peg Posted 9 October, 2015 Share Posted 9 October, 2015 Would you rather we spent our income on tax or new players (Osvaldo excluded, obvs) If the presence of debt allows us to avoid paying tax and means we can invest the money into the club (in any aspect) then I don't see the debt as being a bad thing. I am not financially aware enough to know if that can be done with £5m debt or £60m debt. If the bulk of our current debt is related to the new training ground then doesn't that mean in effect we haven't really paid for any of it a year after it was built? Or have I misread things? Link to comment Share on other sites More sharing options...
northam soul Posted 9 October, 2015 Share Posted 9 October, 2015 Amazing to think we went into admin for what 4 million was it. Link to comment Share on other sites More sharing options...
Dan Johnson Posted 9 October, 2015 Share Posted 9 October, 2015 Most businesses have debt in various forms. Its our ability to service it that is the key point. Truth is, we would minimise taxable profits as much as possible. When putting the debit into context, this is the key factor... "our ability to service it" No debt would mean paying higher tax on profits, sustaining debt means we can (to a certain extent) have better control over the tax we pay back, allowing that money that would have gone on taxes to be re-invested into the football club Link to comment Share on other sites More sharing options...
trousers Posted 9 October, 2015 Share Posted 9 October, 2015 When putting the debit into context, this is the key factor... "our ability to service it" No debt would mean paying higher tax on profits, sustaining debt means we can (to a certain extent) have better control over the tax we pay back, allowing that money that would have gone on taxes to be re-invested into the football club Link to comment Share on other sites More sharing options...
Sour Mash Posted 9 October, 2015 Share Posted 9 October, 2015 Aren't we told we should hate these nasty organisations that make an effort to avoid paying tax? Link to comment Share on other sites More sharing options...
badgerx16 Posted 9 October, 2015 Share Posted 9 October, 2015 Aren't we told we should hate these nasty organisations that make an effort to avoid paying tax? We're also told by Georgie Porgie that debt is bad. Link to comment Share on other sites More sharing options...
Horley CTFC Saint Posted 9 October, 2015 Share Posted 9 October, 2015 Commercial income still poor given the worldwide stage of the PL. I thought that too - definately some work required there. Would probably help to have the exec boxes more regularly sold out...and bring in more Japanese/Chinese players so we can sell more product out in the Far East!! Link to comment Share on other sites More sharing options...
Chez Posted 9 October, 2015 Share Posted 9 October, 2015 (edited) £62m of debt looks manageable whilst revenue is £113m, but what if things had gone pear shaped last season and we had been relegated? I guess the majority of the debt being to Kat means we wouldn't have had anyone breaking our door down to get paid. Edited 9 October, 2015 by Chez Link to comment Share on other sites More sharing options...
Chez Posted 9 October, 2015 Share Posted 9 October, 2015 (edited) By the way, £113.7m of revenue yet we put season ticket prices up. Disgusting. Edited 9 October, 2015 by Chez Link to comment Share on other sites More sharing options...
Sour Mash Posted 9 October, 2015 Share Posted 9 October, 2015 By the way, £113.7m of revenue yet we put season ticket prices up. Disgusting. Did we? Lots actually went down I thought? Link to comment Share on other sites More sharing options...
sadoldgit Posted 9 October, 2015 Share Posted 9 October, 2015 Commercial income still poor given the worldwide stage of the PL. Yes but the world wide stage is for the likes of United, City, Chelsea etc. I doubt if we sell many shirts abroad. So the debt is to the Leibherrs? So she has been putting the businesses money in then? Link to comment Share on other sites More sharing options...
VectisSaint Posted 9 October, 2015 Share Posted 9 October, 2015 Yes but the world wide stage is for the likes of United, City, Chelsea etc. I doubt if we sell many shirts abroad. Abroad? The only place where we sell them abroad is the Isle of Wight. Apart from Gatwick we don't sell them anywhere outside of the Southampton area. Not sure that commercial income is primarily based on shirt sales anyway, much of what you see in some parts of the world are fake anyway. But we really could do so much better, a 2 million increase over last year really is a bit pathetic, however many percentage points it is that are used to pull the wool over the eyes of the gullible. Link to comment Share on other sites More sharing options...
Redslo Posted 9 October, 2015 Share Posted 9 October, 2015 Yes but the world wide stage is for the likes of United, City, Chelsea etc. I doubt if we sell many shirts abroad. So the debt is to the Leibherrs? So she has been putting the businesses money in then? I bought a couple of kids kits from California year before last so there is that. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 9 October, 2015 Share Posted 9 October, 2015 Yes but the world wide stage is for the likes of United, City, Chelsea etc. I doubt if we sell many shirts abroad. So the debt is to the Leibherrs? So she has been putting the businesses money in then? The loan is still in there from the time of the original purchase, I would have thought. Link to comment Share on other sites More sharing options...
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