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Good to see the debt reduced. Less interest to pay next year abd keeps the moneylenders happy. I don't agree with some on here saying that all clubs will see similar results because of the tv money. Some are still spendibg crazy amounts of money, (lfc, mufc). Be interested to see thier reports for 2013/14
 

I wonder how the finances have been managed here? We've obviously managed to pay down the debt by quite a chunk, whilst still having money left over for Lukaku. Is it as simple as Anichebe + Jelavic went towards the debt, and Fellaini went towards Lukaku, with the Sky money going on wages?
 
Bruce Wayne said:
I wonder how the finances have been managed here? We've obviously managed to pay down the debt by quite a chunk, whilst still having money left over for Lukaku. Is it as simple as Anichebe + Jelavic went towards the debt, and Fellaini went towards Lukaku, with the Sky money going on wages?
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Dont think Lukaku figures are included in the report as he signed in the 2014/15 financial year.
the figures are pretty clear that its the extra tv and sponsorship revenue minus a small increase in operating or staff costs thats left us with a surplus. The other side of things stayed pretty much the same , no huge increases eg - transfers in / out , gate receipts etc

what it does is make us a hell of a lot healthier looking to potential buyers and shows there are likely to be some people with financial brains at our club or at least working for us , get them onto the merchandising team I say.
 
It was a little bit more than a small increase in 'operating costs'.

I'd be very interested to know where that's gone cause as in comparison to previous seasons it's a massive increase that seems to have got lost in amongst the good news.
 

boris said:
It was a little bit more than a small increase in 'operating costs'.

I'd be very interested to know where that's gone cause as in comparison to previous seasons it's a massive increase that seems to have got lost in amongst the good news.
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EITC being counted as part of the club and a 10% ^in staff (players and offield) wages apparently from what I understood.
 
BluePeadar said:
Dont think Lukaku figures are included in the report as he signed in the 2014/15 financial year.
the figures are pretty clear that its the extra tv and sponsorship revenue minus a small increase in operating or staff costs thats left us with a surplus. The other side of things stayed pretty much the same , no huge increases eg - transfers in / out , gate receipts etc

what it does is make us a hell of a lot healthier looking to potential buyers and shows there are likely to be some people with financial brains at our club or at least working for us , get them onto the merchandising team I say.
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It looks like a hefty rise in operating costs, which is probably wages. We obviously didn't spend the Fellaini money during the period covered by the reports, hence the healthy profit, which was then spent on Lukaku in the next accounting period.

If my theory above is true then we'd make a loss of a similar size (~£28m) in the next set of figures. We will see. Historically, most of the money from TV has gone straight to players in the form of wages. We've had some new contracts agreed for players recently so it's not that far fetched to believe that is the case. The figures show a £20m increase in costs, with a £30m increase in TV revenue. That's before the rises in wages for Ross, Coleman, Stones et al are taken into account.
 

atrottel said:
A few reports saying our wages/turnover ration has dropped way down from high to very healthy. I imagine there'll be or have been a few agents after more of a share...
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The ratio has dropped because of the increased turnover purely due to the tv deal.
Broadcasting revenue is higher than our entire turnover the previous year.
 
Results near totally based upon increased TV money that all clubs are benefiting from. These being the same clubs we compete against for buying players, paying wages and finishing places in the league.

So effectively it's over to our football side management once again to out compete these other clubs by ability to coach/buy talent, to make up for the deficit arising from our commercial/financial management operations which generate virtually nothing in comparison with our peers.

Sooner or later, if the football management side of things starts to slip....one or two poor buys, key serious injuries, our finishing place in the prem will slip and likewise TV income will decline....or if other clubs get their football management side into gear.

Good accounts in this context need good commercial revenue.
 
atrottel said:
A few reports saying our wages/turnover ration has dropped way down from high to very healthy. I imagine there'll be or have been a few agents after more of a share...
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Staff costs rose by 10%, so a decent amount, and we can probably expect that things will be more expensive this year with the new deals and all that. Interestingly though the OS are saying that profits before player trading were still £20m or so, which is nice, as we haven't spent all of the money yet. Of course, we have to remember that the club have to budget for the duration of the TV deal, as I think the money we get from Sky/BT is the same each year of the contract? If that is the case then it would be mad to blow it all in the first year.
 
Pat's Van said:
this is the kind of thread where stuff happens, people say things, other people disagree

heroes and villains on both sides usually.....let's see....
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I wonder where these accounts rank compared to say. Aston Villa ? Or Newcastle.
 

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