Greg Bobkin
Silver Seagull
- May 22, 2012
- 14,836
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Palace make £7m loss in 2016
- Thread starter El Presidente
- Start date
m20gull
Well-known member
I thought so but they have four squads (first, development, academy and ladies) plus a 20 strong management, coaching, and fitness team. In the same year Chelsea INCREASED their staff by over 100.
- Thread starter
- #23
Amortisation (£18m) and impairment (£2m) of player registrations. If they sign a player for (say) £10m on a four year contract then each year 1/4 of the transfer fee is charged as an expense to the profit and loss account.
Garry Nelson's Left Foot
Well-known member
Am I reading that right...they spent 80 million quid on wages last year?
- Thread starter
- #25
I'm surprised that someone of el presidente's expertise in theses matters thinks that palace lost £7m when the figures he attached clearly show the loss to actually be £5.6m.
Rounding the loss up by £1.4m is a tad cheeky.
As any expert knows, it is common practice to discuss pre-tax profits and losses, which is where the difference of £1.4 million arises. The vagaries of the tax system create inconsistencies in the reported figures.
- Thread starter
- #26
And this was only up until June last year, so will be very interested to see next year's figures what with Benteke etc salaries and Pardew pay-off etc.
- Jun 27, 2012
- 13,867
So over nearly 4 seasons the investment in Selhurst from nearly £3-400m quid of income is £105K in cladding, improved floodlights, some bits and bobs for media gantrys etc.
Anything else ?
Anything else ?
Mr Putdown
Well-known member
Like I said, you are an acknowledged expert in this field.
Interesting that our losses were lower after tax.
- Thread starter
- #30
You are effectively getting a tax break which can be carried forward against future profits.
In the 2016/17 accounts you will also have the benefit of about £2.5m from a Mr T Pulis, and, setting aside rivalries, I'm delighted that you won that case. I do have a very interesting tale about the said gentleman from his time at Gillingham, but I'm not willing to go to court over it...
Garry Nelson's Left Foot
Well-known member
Yes and in the summer when Big Sam spends a shitload on mercenaries.
When they get relegated in a season or two they're going to be ****ed!
Moshe Gariani
Well-known member
- Mar 10, 2005
- 12,070
The web of football managers and their finances is tangled. I was shocked by an allegation made about Mark McGhee when at Brighton but, as you say, best not make public here or elsewhere.
Tom Bombadil
Well-known member
Thanks. So in the case of players sold is the profit the gross amount receivable or the transfer net of the unamortised player value?
- Thread starter
- #34
It's true, he did drink pints of whisky, Mark McGhee, Mark McGhee.
- Thread starter
- #35
It's proceeds less book value of the registration.
Example: Sign a player for £20m on a four year contract, and sell him at end of year two for £14 million.
Gain in accounts is £14m less (20 x 2/4) = £4 million profit, even though it seems to be a loss of £6 million to fans.
D
Deleted member 2719
Guest
Pompey Neanderthals please.
£692,000 buys a lot of hairspray
- Thread starter
- #38
They seem to run a reasonably tight ship and broke even in the last year for which I can find records. There's no one to lend them money at present, as they are a community club, so cannot spend beyond their means any more...unless the ex head of Disney, Michael Eisner, decides to pursue his interest.
Cantona's Flying Dropkick
vidi vici veni
Is Jack the French equivalent to Mike?
D
