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Matthew Le God

Matthew Le God

Posted
Posted
2 minutes ago, verlaine1979 said:

Our wage bill is higher than our cut of the TV rights.

That doesn't mean the TV money doesn't go to the wage bill. As will matchday income, sponsorship deals etc etc.

MarkSFC

MarkSFC

Posted
Posted
Just now, verlaine1979 said:

Going by what Swiss Ramble said during the January analysis of our accounts 

 

Thanks.

Probably reduced now but still too close!! 

skintsaint

skintsaint

Posted
Posted (edited)

How accurate is that wage stat? If we had a 30 man first team squad it would average 73k per week per player, which is what our top earner probably is on right now.

I understand there are groundsmen, ticket sales staff etc but they are prob on about 1k per week max. Maybe i'm missing something.

Looking at our squad we are wasting a lot of money on wages for nothing too special.

Edited by skintsaint
Roo1976

Roo1976

Posted
Posted
6 hours ago, skintsaint said:

How accurate is that wage stat? If we had a 30 man first team squad it would average 73k per week per player, which is what our top earner probably is on right now.

I understand there are groundsmen, ticket sales staff etc but they are prob on about 1k per week max. Maybe i'm missing something.

Looking at our squad we are wasting a lot of money on wages for nothing too special.

Just like 90% of other premier league teams,wasting money making bang average players very rich,why couldnt i make it as a footballer...........

Daft Kerplunk

Daft Kerplunk

Posted
Posted
6 hours ago, skintsaint said:

How accurate is that wage stat? If we had a 30 man first team squad it would average 73k per week per player, which is what our top earner probably is on right now.

I understand there are groundsmen, ticket sales staff etc but they are prob on about 1k per week max. Maybe i'm missing something.

Looking at our squad we are wasting a lot of money on wages for nothing too special.

Well they’ve got 5 ‘directors’ who combined are probably close to a million. Then there’s apparently a load of other ‘directors’ who probably earn similar when combined, then loads of ‘heads of’ departments earning decent money, then a load more ‘managers’ plus loads of minions producing documents for the people up top to review and pass back down again. It’s the corporate way. And on the football side, there’s a football premium so all the first team staff, full time coaches, sport science staff and physios etc. Plus over a million on women’s team. It all adds up. 

Diabolus Ex Machina

Diabolus Ex Machina

Posted
Posted
7 hours ago, skintsaint said:

How accurate is that wage stat? If we had a 30 man first team squad it would average 73k per week per player, which is what our top earner probably is on right now.

I understand there are groundsmen, ticket sales staff etc but they are prob on about 1k per week max. Maybe i'm missing something.

Looking at our squad we are wasting a lot of money on wages for nothing too special.

That wage stat matches what’s in the officially published accounts (these can be found on the companies house website if you ever want to check them out yourself) though it is the combination of wages (around £100m) and other staff costs (social security, pensions etc…). Keep in mind this is for all staff and not just playing staff.

Agents aren’t stupid, as soon as the T.V rights value went up they made sure to push for higher fees and wages for their clients and so the benefit to the clubs of the new T.V deal isn’t as significant as people might think.

Overall turnover for the year in question was £125m while operating costs were about £150.5m leading to a loss of around £25.5m. These figures do not account for player trading where we made a significant loss for the second straight year as well.

Matchday revenue was the big loss due to the pandemic and deals with LD sports and Under Armour haven’t helped either. In turns of making money then you have to rely on Cup runs, getting into Europe (dominated mostly by the ‘Big 6’ anyway), getting more of our games on T.V , league position (which is only around £2m per place) or via commercial revenue (which we have a relatively small amount of and have been historically poor at increasing).

Once fans are back in stadiums i'd imagine our finances will look a little rosier - especially if we can lower the wage bill a bit by getting rid of the players we keep loaning out.

trousers

trousers

Posted
Posted

Just received this notification that the club's pre-1995 mortgage documents are in the process of being uploaded to Companies House....

Any financial gurus out there who can comment on why this retrospective activity might be happening at this moment in time....? A paperwork housekeeping exercise ahead of a potential takeover per chance...? #clutchingatstraws

image.thumb.png.aad1df75a8be788b01269fdbd12867f8.png

Nolan

Nolan

Posted
Posted

Just took a look at the 167 pages they've uploaded.

Mortgages charges from 1923-1981 for a lot of sites.

The most recent ones are for a lot of the premises along Burton Road.

Toussaint

Toussaint

Posted
Posted
10 hours ago, Nolan said:

Just took a look at the 167 pages they've uploaded.

Mortgages charges from 1923-1981 for a lot of sites.

The most recent ones are for a lot of the premises along Burton Road.

When you say recent, would that coincide with the time they were rumoured to be turning the Dell through 90 degrees? At the time it was said the church wouldn’t sell and that’s what halted it? Or was that all just urban myth?

trousers

trousers

Posted
Posted
12 hours ago, Nolan said:

Just took a look at the 167 pages they've uploaded.

Mortgages charges from 1923-1981 for a lot of sites.

The most recent ones are for a lot of the premises along Burton Road.

Cheers for that Nolan. Seems slightly bizarre to be uploading documents from 1923 in the year 2021...!

Badger

Badger

Posted
Posted
On 08/07/2021 at 20:34, Nolan said:

Just took a look at the 167 pages they've uploaded.

Mortgages charges from 1923-1981 for a lot of sites.

The most recent ones are for a lot of the premises along Burton Road.

Presumably this was done at a time the club were considering expanding The Dell and turning the pitch round.

Ken Tone

Ken Tone

Posted
Posted
On 06/07/2021 at 02:18, skintsaint said:

How accurate is that wage stat? If we had a 30 man first team squad it would average 73k per week per player, which is what our top earner probably is on right now.

I understand there are groundsmen, ticket sales staff etc but they are prob on about 1k per week max. Maybe i'm missing something.

Looking at our squad we are wasting a lot of money on wages for nothing too special.

You have to remember that football wages are usually quoted *after* tax. Tge obscenely high money that we hear players are paid are actually their take home pay. The clubs pay their tax for them in effect - or in Portsmouth's case they didn't! 🙂

So to pay someone say £60k a week will cost the club around 100k. And it is wage costs that show in the accounts,  not the take home pay.

  • Like 1
Katalinic

Katalinic

Posted
Posted
19 minutes ago, spyinthesky said:

Does the club still own Badgers(?) Farm?

Jacksons Farm? Haven't heard it mentioned for years, it was always touted as a potential development gold mine.

  • Like 1
Turkish

Turkish

Posted
Posted
2 hours ago, spyinthesky said:

Does the club still own Badgers(?) Farm?

No the club don’t own a massive part of south Winchester 

  • Like 1
  • Haha 2
SaintsLoyal

SaintsLoyal

Posted
Posted
2 hours ago, spyinthesky said:

Does the club still own Badgers(?) Farm?

jacksons farm, might be still on the accounts buts its nowhere near anything of valuation that was touted in the past.

Some of it now has a road running through it, but unless your the developer its flat grass land.

  • 4 weeks later...
Saint86

Saint86

Posted
Posted (edited)
9 minutes ago, skintsaint said:

https://www.bbc.com/sport/football/58111494

Looks like West Ham next up for a takeover bid.

Such a weird one, the owners don't want to sell so they're trying to turn the fans against them. Toxic from the word go. And lets be honest, they've done a good job at West Ham.

What happened to the De Grosa view being that serious bidders keep things quiet as well?

Edited by Saint86
westmidlandsaint

westmidlandsaint

Posted
Posted

 I was really expecting to see some movement after our PL status was secured and not having any movement has harmed our chances for next season.

I dont like Gao but must be tough for him. Supposedly China have said he cant invest any more money so naturally he wants to sell & naturally he wants his money back. Problem is with Covid the valuation has dropped as no matchday revenue has had an effect on turnover. But without investment relegation is a strong possibility and if thats the case he'll never get his money back. Think he might need to cut his losses and run at some point. 

 

  • Like 1
SuperSAINT

SuperSAINT

Posted
Posted
20 minutes ago, westmidlandsaint said:

 I was really expecting to see some movement after our PL status was secured and not having any movement has harmed our chances for next season.

I dont like Gao but must be tough for him. Supposedly China have said he cant invest any more money so naturally he wants to sell & naturally he wants his money back. Problem is with Covid the valuation has dropped as no matchday revenue has had an effect on turnover. But without investment relegation is a strong possibility and if thats the case he'll never get his money back. Think he might need to cut his losses and run at some point. 

 

I’m a pessimist and even I thought something would happen this summer with a takeover.  I will go back to pessimism.

stknowle

stknowle

Posted
Posted
4 minutes ago, SuperSAINT said:

I’m a pessimist and even I thought something would happen this summer with a takeover.  I will go back to pessimism.

I'm a pessimist and I thought nothing would happen this summer with a takeover. I will remain pessimistic.

SKD

SKD

Posted
Posted
23 minutes ago, SuperSAINT said:

I’m a pessimist and even I thought something would happen this summer with a takeover.  I will go back to pessimism.

Likewise. Too late for any new potential owner to have any impact now. 
 

Does the sale of ings suggest no take over is close? Surely if you were to sell, you’d want your prized asset still at the club. 

Chapel End

Chapel End

Posted
Posted
40 minutes ago, SKD said:

Likewise. Too late for any new potential owner to have any impact now. 
 

Does the sale of ings suggest no take over is close? Surely if you were to sell, you’d want your prized asset still at the club. 

What/who is our prized asset...?

And before you say Ings, he was our prized asset but as his contact wore on his value lessoned, we then cashed in for 30m for 9 months worth of asset.

I guess it has to be JWP now?

Ex Lion Tamer

Ex Lion Tamer

Posted
Posted
On 06/08/2021 at 06:55, westmidlandsaint said:

 I was really expecting to see some movement after our PL status was secured and not having any movement has harmed our chances for next season.

I dont like Gao but must be tough for him. Supposedly China have said he cant invest any more money so naturally he wants to sell & naturally he wants his money back. Problem is with Covid the valuation has dropped as no matchday revenue has had an effect on turnover. But without investment relegation is a strong possibility and if thats the case he'll never get his money back. Think he might need to cut his losses and run at some point. 

 

But if I've understood correctly, the Chinese government have also told him he can't sell at a loss, so he's trapped unless he can find a buyer willing to pay full price

Scottie

Scottie

Posted
Posted

Interesting article and quite reassuring. The more I hear from Semmens the more I like him. Talks a lot of sense and clearly has the clubs best interests at heart. 
 

Fingers crossed he can find the right sort of investment for the club.

redkeith

redkeith

Posted
Posted
9 hours ago, WestMidSaint said:

Fascinating when he says he could get us investment but we wouldn’t like it?!

Probably means that there are investors or hedge funds out there who would buy the club or part of it but who would want their money back quickly, like De Grossa or even worse. 

Imagine an owner who say's you have the Ings money, but I'm keeping the Vestegaard money! 

  • Like 1
Turkish

Turkish

Posted
Posted (edited)

Premier League: Clubs have been ranked according to fan confidence in their owners | GiveMeSport

 

Goa isnt the worst owner, there are 3 worse, according to this. Although not quite sure how they work that out given Ashley is doing what we are doing, ie just enough to stay up but they dont have to sell to buy and arent in tens of millions of debt. Man U and Arsenal hardly comparable.

Edited by Turkish
Matthew Le God

Matthew Le God

Posted
Posted
27 minutes ago, Turkish said:

Premier League: Clubs have been ranked according to fan confidence in their owners | GiveMeSport

 

Goa isnt the worst owner, there are 3 worse, according to this. Although not quite sure how they work that out given Ashley is doing what we are doing, ie just enough to stay up but they dont have to sell to buy and arent in tens of millions of debt. Man U and Arsenal hardly comparable.

Not a case of working it out, it is 20 fan surveys independent from each other.

Turkish

Turkish

Posted
Posted
6 minutes ago, Matthew Le God said:

Not a case of working it out, it is 20 fan surveys independent from each other.

who are the 15.4% who have confidence in Goa?

  • Haha 1
Matthew Le God

Matthew Le God

Posted
Posted (edited)
5 minutes ago, Turkish said:

who are the 15.4% who have confidence in Goa?

Can you name something Gao has done wrong? Not investing doesn't count.

He isn't a good owner, he isn’t a bad owner. He is a pointless owner. 

Edited by Matthew Le God
  • Like 1
MarkSFC

MarkSFC

Posted
Posted
8 minutes ago, Matthew Le God said:

Can you name something Gao has done wrong? Not investing doesn't count.

He isn't a good owner, he isn’t a bad owner. He is a pointless owner. 

Why does he need to? Its irrelevant to the question he asked. 

Matthew Le God

Matthew Le God

Posted
Posted (edited)
2 minutes ago, MarkSFC said:

Why does he need to? Its irrelevant to the question he asked. 

His question was rhetorical. How is anyone on the forum going to be able to list the 15%?

Edited by Matthew Le God
Uncle Albert

Uncle Albert

Posted
Posted (edited)
15 minutes ago, Matthew Le God said:

Can you name something Gao has done wrong? Not investing doesn't count.

He isn't a good owner, he isn’t a bad owner. He is a pointless owner. 

Why doesn’t it count? That’s one of the main needs a football club need to receive from its owner, he fails on this front and therefore is a bad owner.

Edited by Uncle Albert
  • Like 2
Turkish

Turkish

Posted
Posted
14 minutes ago, Matthew Le God said:

Can you name something Gao has done wrong? Not investing doesn't count.

He isn't a good owner, he isn’t a bad owner. He is a pointless owner. 

Despite being a pointless owner 15% of fans have confidence in him.

Matthew Le God

Matthew Le God

Posted
Posted
24 minutes ago, Uncle Albert said:

Why doesn’t it count? That’s one of the main needs a football club need to receive from its owner, he fails on this front and therefore is a bad owner.

Because him not being able to invest isn't his fault. Restrictions from his national government. 

  • Confused 1
Katalinic

Katalinic

Posted
Posted
3 minutes ago, Matthew Le God said:

Because him not being able to invest isn't his fault. Restrictions from his national government. 

Which is why we should never have got involved with him - the whole Chinese investment into football was clearly state driven and therefore fraught with risk. 

Ex Lion Tamer

Ex Lion Tamer

Posted
Posted
36 minutes ago, Turkish said:

Despite being a pointless owner 15% of fans have confidence in him.

It's basically a badly worded survey. I don't have confidence in Gao to invest and take us to the next level. I do have confidence in him to oversee a decently well run club which makes the most of its limited resources

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