saint lard Posted 13 March, 2020 Posted 13 March, 2020 Southampton has announced a loss of £39.3M for the year ending June 30th 2019 That’s a drop of nearly £75m from the previous year Managing director Toby Steele has been speaking to @AdamBlackmore about the latest figures [emoji344][emoji116] #SaintsFC And we are NOT up for sale. FFS. Sent from my iPhone using Tapatalk
SuperSAINT Posted 13 March, 2020 Posted 13 March, 2020 Southampton has announced a loss of £39.3M for the year ending June 30th 2019 That’s a drop of nearly £75m from the previous year Managing director Toby Steele has been speaking to @AdamBlackmore about the latest figures [emoji344][emoji116] #SaintsFC And we are NOT up for sale. FFS.
Matthew Le God Posted 13 March, 2020 Posted 13 March, 2020 And we are NOT up for sale. FFS. He did not say that. He said the directors are not aware of it, that does not mean Gao is not looking to sell. He may just not have told them.
Turkish Posted 13 March, 2020 Posted 13 March, 2020 Kruger was on £728k, getting a £92k payrise whilst working part time overseeing that shambles? Great work if you can get it.
egg Posted 13 March, 2020 Posted 13 March, 2020 Kruger was on £728k, getting a £92k payrise whilst working part time overseeing that shambles? Great work if you can get it. That's nuts. He didn't do much and did it badly. The money we've wasted is scandalous. Any idea what Les was earning?
Turkish Posted 13 March, 2020 Posted 13 March, 2020 That's nuts. He didn't do much and did it badly. The money we've wasted is scandalous. Any idea what Les was earning? He didn’t even deliver the five pledges FFS!
Heisenberg Posted 13 March, 2020 Posted 13 March, 2020 I said at the time it would take years to clean up the Les Reed stink...... While we wait for the clear up please remember to appreciate him https://www.saintsweb.co.uk/showthread.php?60406-Les-Reed-Appreciation-thread#.Xms-oSWnwlQ
egg Posted 13 March, 2020 Posted 13 March, 2020 He didn’t even deliver the five pledges FFS! Instead he delivered 5 burdens in the form of Hoedt, Vestergaard, Ely, Lemina and Carillo.
Batman Posted 13 March, 2020 Posted 13 March, 2020 (edited) Sell sell sell (more players) Safe to say, we will keep our powder dry this summer and see what we can do in Jan! Does it surprise you that we never bought in Jan? Or was it because saints web could not recommend a player? Edited 13 March, 2020 by Batman
Saint Billy Posted 13 March, 2020 Posted 13 March, 2020 I notice that TV revenue was down markedly as less games were covered, not a big surprise considering the crud we have served up over the last 4 years.
DT Posted 13 March, 2020 Posted 13 March, 2020 Cue mystery injuries of key sellables four weeks from the end of the season. Please save us, Red Bull
Give it to Ron Posted 13 March, 2020 Posted 13 March, 2020 Going down next season. With a wage bill of 77% we are screwed just hope we have that clause in contracts Sent from my iPhone using Tapatalk
Give it to Ron Posted 13 March, 2020 Posted 13 March, 2020 Cue mystery injuries of key sellables four weeks from the end of the season. Please save us, Red Bull What sellables? Red Bull have no interest in us an no-one will pay 250m with our financial state Sent from my iPhone using Tapatalk
spyinthesky Posted 13 March, 2020 Posted 13 March, 2020 Obviously we need to get rid of Forster, Hoedt, Lemina, Carillo and the fellow on loan at Celtic who's name I can never spell. That would be around £13/£15m of wages off the books (although perhaps half of this is being covered by their current clubs) How much of the £70/£80m transfer fee expenditure is recoverable is debatable, possibly £30/£40m However it could be lower than this but hopefully any revenue would eat into last seasons loss. The other option is to sell one of our 'star' players like Danny Ings/JWP/Redmond etc One thing seems pretty certain, any squad strengthening will be very limited. If we survive in the Prem this year next year will be tortuous and season ticket sales will be well down which will have an affect on cash flow.
jamesa Posted 13 March, 2020 Posted 13 March, 2020 Without having new investment or a complete takeover it is only a matter of time before we eventually get relegated. We will make a loss on all the players out on loan who are no wanted anymore and we won't invest in the squad anymore and probably rely on the youth set up for new players, hence the appointment of Matt Crocker. You stand still for a few windows and it catches up with you eventually, look at Spurs. Bleak times ahead without a new owner or fresh investment. Getting fed up with people slating others who have ago a Kat, she is to blame for this without question. She maybe related to her Father, but is noway a Saint!!
Trout-Tickler Posted 13 March, 2020 Posted 13 March, 2020 That's nuts. He didn't do much and did it badly. The money we've wasted is scandalous. Any idea what Les was earning? Apparently he got a £365,000 pay off from the club. https://www.dailyecho.co.uk/sport/18298976.southampton-football-clubs-accounts-year-ending-june-2019-released/
Lord Duckhunter Posted 13 March, 2020 Posted 13 March, 2020 RIP SFC Don’t be a twt Sent from my iPhone using Tapatalk
doddisalegend Posted 13 March, 2020 Posted 13 March, 2020 Surely wages aren't an issue we've been told on here lots of times that our wage bill isn't any different to all the other PL clubs? Sent from my moto g(6) using Tapatalk
Batman Posted 13 March, 2020 Posted 13 March, 2020 This is despite us clearing many off the wage bill over the last 18 months Going down next season
egg Posted 13 March, 2020 Posted 13 March, 2020 This is despite us clearing many off the wage bill over the last 18 months Going down next season We haven't cleared many off. They're on loan. We probably pay a huge chunk of their wages. That's been known, hence some people stating the obvious, namely that we can't bring in more players. We need to shift those on permanent contracts and rebuild with the resources that leaves us with.
sadoldgit Posted 13 March, 2020 Posted 13 March, 2020 This is despite us clearing many off the wage bill over the last 18 months Going down next season As ever, a little ray of sunshine.
100%Red&White Posted 13 March, 2020 Posted 13 March, 2020 We haven't cleared many off. They're on loan. And all coming back onto the wage bill in a few weeks time.
Batman Posted 13 March, 2020 Posted 13 March, 2020 We haven't cleared many off. They're on loan. We probably pay a huge chunk of their wages. That's been known, hence some people stating the obvious, namely that we can't bring in more players. We need to shift those on permanent contracts and rebuild with the resources that leaves us with. Davis, Gabbiadibi, Cedric, Yoshida, Clasie, Austin, targett plus others I have probably missed, are gone Throw in loan players where costs will be covered to a degree... In that time we have signed 2 permanent signings, and told it was only because no fullbacks were available in jan was the reason why we never brought anyone in. The sales will clearly continue in the summer, let alone bringing in the players we already need.
Tamesaint Posted 13 March, 2020 Posted 13 March, 2020 This is despite us clearing many off the wage bill over the last 18 months Going down next season So does that mean that we are not " clearly "going down this season as you predicted after just 2 matches?
Bolokov Posted 13 March, 2020 Posted 13 March, 2020 Don’t be a twt Sent from my iPhone using Tapatalk I so hope I'm wrong, but let's be honest... It's not looking good
egg Posted 13 March, 2020 Posted 13 March, 2020 Davis, Gabbiadibi, Cedric, Yoshida, Clasie, Austin, targett plus others I have probably missed, are gone Throw in loan players where costs will be covered to a degree... In that time we have signed 2 permanent signings, and told it was only because no fullbacks were available in jan was the reason why we never brought anyone in. The sales will clearly continue in the summer, let alone bringing in the players we already need. Sure we've cleared some, but not enough and more need selling or releasing - that's bloody obvious from the state of our finances.
Danbert Posted 13 March, 2020 Posted 13 March, 2020 We are not in a dire financial position,” he stressed. “Our transfer liabilities – what we’ve got to payout – is bigger than the amounts we’ve got to receive. But we’ve got five very marketable players out on loan LOL - these "very marketable players" proved impossible to shift in the last two windows, and aren't good enough to play for a team from the lower reaches of the Premier League. If that's his answer, then we are in a dire financial position.
Turkish Posted 13 March, 2020 Posted 13 March, 2020 LOL - these "very marketable players" proved impossible to shift in the last two windows, and aren't good enough to play for a team from the lower reaches of the Premier League. If that's his answer, then we are in a dire financial position. Very marketable players that we couldn't sell last summer.
ALWAYS_SFC Posted 13 March, 2020 Posted 13 March, 2020 This is despite us clearing many off the wage bill over the last 18 months Going down next season Blimey! you are now officially more negative and knee jerk than Alpine ever was...
VectisSaint Posted 13 March, 2020 Posted 13 March, 2020 LOL - these "very marketable players" proved impossible to shift in the last two windows, and aren't good enough to play for a team from the lower reaches of the Premier League. If that's his answer, then we are in a dire financial position. Likely that the market for players will collapse this summer with the Virus impacting football now. Chances of shifting Guido not looking good.
disconnect Posted 13 March, 2020 Posted 13 March, 2020 A lot of the problems are to do with not only poor recruitment, but when Reed and co were giving out massive contracts to reserve / young players with the hope they'd become international players and be worth 30-40 million. The only one it's really worked out with is JWP, although Stephens has done well recently too. I dread to think what others like Gallagher, Targett, Reed etc were / are earning for sitting on the bench / being subsidised for them playing for other clubs...
hypochondriac Posted 13 March, 2020 Posted 13 March, 2020 One of the worst things we ever did was extend forster's contract and then extend it again to a ridiculous length and make him one of our highest earners. Absolutely insane.
Turkish Posted 13 March, 2020 Posted 13 March, 2020 Sure we've cleared some, but not enough and more need selling or releasing - that's bloody obvious from the state of our finances. They wont show until the next lot of accounts though, only Davis (who was on loan with us paying a large % of his wages) and Gabbiadini will show for the period Jan-June in these accounts.
hackedoff Posted 13 March, 2020 Posted 13 March, 2020 Poor, overpriced products will ultimately fail.
Saint86 Posted 13 March, 2020 Posted 13 March, 2020 I said at the time it would take years to clean up the Les Reed stink...... While we wait for the clear up please remember to appreciate him https://www.saintsweb.co.uk/showthread.php?60406-Les-Reed-Appreciation-thread#.Xms-oSWnwlQ Les Reed should be held in lower esteem than Lowe. Said that for years and will keep saying it. We need another generous benefactor now.
RedWillie Posted 13 March, 2020 Posted 13 March, 2020 Over paid players and priced out supporters. It will end in tears.
Greenridge Posted 13 March, 2020 Posted 13 March, 2020 We haven't cleared many off. They're on loan. We probably pay a huge chunk of their wages. That's been known, hence some people stating the obvious, namely that we can't bring in more players. We need to shift those on permanent contracts and rebuild with the resources that leaves us with. Shame the club didn’t tell Ralph who was lining up players to bring in during January. What a shambles.
Shandy_Top_89 Posted 13 March, 2020 Posted 13 March, 2020 Takes some skill to be as financially irresponsible as we have been and yet maintain the same ****e performance at the same time. If we are going to go broke can’t we at least do a Leeds and go out in a blaze of glory?
egg Posted 13 March, 2020 Posted 13 March, 2020 Shame the club didn’t tell Ralph who was lining up players to bring in during January. What a shambles. I suspect they did but as the sales didn't happen, neither did the incoming players.
Greenridge Posted 13 March, 2020 Posted 13 March, 2020 I suspect they did but as the sales didn't happen, neither did the incoming players. If they indeed did it was well into the window as, on more than once occasion, Ralph talked positively about strengthening in the FB areas in particular. Still a shambles whichever way it's dressed up.
Lighthouse Posted 13 March, 2020 Posted 13 March, 2020 If they indeed did it was well into the window as, on more than once occasion, Ralph talked positively about strengthening in the FB areas in particular. Still a shambles whichever way it's dressed up. So a club with a massive wage bill making significant financial losses, not spending £20m+ on a fullback we don’t need (I.e. there is no promotion or relegation hanging on our results) is a shambles?
Heisenberg Posted 13 March, 2020 Posted 13 March, 2020 So a club with a massive wage bill making significant financial losses, not spending £20m+ on a fullback we don’t need (I.e. there is no promotion or relegation hanging on our results) is a shambles? why 20m+?
Lighthouse Posted 13 March, 2020 Posted 13 March, 2020 why 20m+? Matt Targett cost £17m and was no better than Valery.
Batman Posted 13 March, 2020 Posted 13 March, 2020 Matt Targett cost £17m and was no better than Valery. yeah, if we bought within the Prem...which we rarely do
Heisenberg Posted 13 March, 2020 Posted 13 March, 2020 Matt Targett cost £17m and was no better than Valery. Im not sure what relevance Matt Targett has to any of this? Or why he dictates that we need to spend 20m+ to improve of Valery. Robertson cost Liverpool £8m and is now one of the best full backs in the world. You wouldn't need to spend £20m+ to improve on Valery
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now