bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
http://www.bbc.co.uk/news/business-31702585
Some funny highlights in the mickey mouse finances of Liverpool Football Club @davek
•The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared with losses of £49.8m a year earlier. YET the club also reported a £12.2m rise in net debt to £57.3m.
This means that they made an AFTER TAX LOSS and the news story headline is completely misleading.
You cannot increase debt without making a loss (Outgoings after tax exceeded incomings)
• Revenues were 19% higher at £255.6m, the club added.
Liverpool said media revenues increased 46% to £100.9m.
So lets get this straight. Revenue went up by a FIFTH. Yet they still made a loss?
What are they doing? Burning the money?
• Debt decreased since 2010 when Fenway took over To £237 million. Yet Liverpool hasn't made a profit in 7 years.
In other words the debt has been moved elsewhere.
• Ian Ayre claims "We continue to make good financial progress. Although these results are nearly 12 months old, they demonstrate that the transitional period we've been through over the past four years has stabilised the club and provided a platform for growth... Revenue has been consistently increasing from around £170m in 2009 to over £250m today and our commercial revenues continue to add strength to our overall results."
The stupid beaut says they've made progress. Yet it clearly says earlier in the article; revenue due to tv money increased 46% thanks to the tv money. This rise from 2009 is 47%. That means tv money accounts for it all on average. 1% is due to commercial management i.e. Ian Ayre.
Conclusion:
Absolute mickey mouse reporting of this story.
Total clouding of the underlying figures. Entirely reliant on tv money.
They're worried about FFP. Trying to show trends from what are abysmal finances and wastage. With cash disappearing.
If this was any other business they would be in serious trouble.
The key metric between EFC and LFC is the stadia and implementation by 2017/2018 season. If either has the 55k + capacity in place and the other doesn't it could prove catastrophic to the have nots.
On the other hand for EFC it could bridge the 'commercial revenue' gap that currently exists. If we maintain wastage/efficiency levels at present levels. £ for £ EFC will be able to financially out compete them.
Whereas LFC is still at risk of a league level / international revenue downturn due to increased league competition.
Some funny highlights in the mickey mouse finances of Liverpool Football Club @davek
•The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared with losses of £49.8m a year earlier. YET the club also reported a £12.2m rise in net debt to £57.3m.
This means that they made an AFTER TAX LOSS and the news story headline is completely misleading.
You cannot increase debt without making a loss (Outgoings after tax exceeded incomings)
• Revenues were 19% higher at £255.6m, the club added.
Liverpool said media revenues increased 46% to £100.9m.
So lets get this straight. Revenue went up by a FIFTH. Yet they still made a loss?
What are they doing? Burning the money?
• Debt decreased since 2010 when Fenway took over To £237 million. Yet Liverpool hasn't made a profit in 7 years.
In other words the debt has been moved elsewhere.
• Ian Ayre claims "We continue to make good financial progress. Although these results are nearly 12 months old, they demonstrate that the transitional period we've been through over the past four years has stabilised the club and provided a platform for growth... Revenue has been consistently increasing from around £170m in 2009 to over £250m today and our commercial revenues continue to add strength to our overall results."
The stupid beaut says they've made progress. Yet it clearly says earlier in the article; revenue due to tv money increased 46% thanks to the tv money. This rise from 2009 is 47%. That means tv money accounts for it all on average. 1% is due to commercial management i.e. Ian Ayre.
Conclusion:
Absolute mickey mouse reporting of this story.
Total clouding of the underlying figures. Entirely reliant on tv money.
They're worried about FFP. Trying to show trends from what are abysmal finances and wastage. With cash disappearing.
If this was any other business they would be in serious trouble.
The key metric between EFC and LFC is the stadia and implementation by 2017/2018 season. If either has the 55k + capacity in place and the other doesn't it could prove catastrophic to the have nots.
On the other hand for EFC it could bridge the 'commercial revenue' gap that currently exists. If we maintain wastage/efficiency levels at present levels. £ for £ EFC will be able to financially out compete them.
Whereas LFC is still at risk of a league level / international revenue downturn due to increased league competition.
