GoldWithFalmer
Seaweed! Seaweed!
This-My understanding was paid by 2023 or something....help anybody?
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Will we ever break even at the amex without getting into the prem?
- Thread starter Return of the Rev
- Start date
This-My understanding was paid by 2023 or something....help anybody?
Postman Pat
Well-known member
Employing an army of stewards comparable in numbers with the Chinese PLA doesn't come cheap you know!!
Prince Monolulu
Everything in Moderation
Looking forward to Saturday, hope it's a tad chilly, a few drinks and back home for tea. 'Andsome.
Regarding the stadium and the Lancing complex, and the financing of them (an interest-free loan from TB to club), you can in essense leave them out of this conversation. Other than a relatively small depreciation charge each year to the Profit & Loss Account for the buildings element of the builds, they have no impact on our costs or profit/loss. And no, TB hasn't been repaid a penny; in fact the TB loan to the company keeps increasing by many £m each year as he also picks up the tab for the losses.
Probably obvious, but the club's losses (like most football clubs), is simply its income from all sources (less 1/6 of that in VAT to HMRC), less running costs starting with a huge payroll the vast majority of which goes to the players. Costs also include transfer fees paid (along with associated agents fees paid by the club in gaining transfers in) but written off equally each year over the term of the contract.
Essentially, we had a squad payroll far greater than we could afford. The following would have been acquired on fantastic (to them) wages - Orlandi, Bruno, Lopez, CMS, Bridge (our share), Hammond (our share), Buckley, Bridcutt, Upson, Kuzschek, Vicente, LuaLua. And the rest of the large squad then on decent wages to say the least. I've deliberately chosen the 2012-13 season as that appeared to be our lowpoint of vast losses and its our last published accounts.
Alex Alex Dawson oo! oo!
Primary data is fact
I don't believe there's been any depreciation charged as yet for the land/buildings associated with either the stadium or the Lancing training ground. I assume this will kick in, certainly for the stadium, in the 2013/14 accounts when the stadium rent will also be for an entire year (ie £1m) instead of the £250k that was charged for the final quarter of the 2012/13 season.
If 23,000 season tickets at say an average of £550 = £13m, 20,000 shirts average £45 = 1m, totalling 14m (roughly) that's £270,000 income per week. Then we have to run a stadium, pay wages etc (all year round) Face it, were skint! And then some fans are wondering why we can't pay players 20k per week to come here
7% of out total income per player? Madness! Baffled how other teams do it but you only have to ask Pompey fans for that answer. Not a rant as I love my / our club
7% of out total income per player? Madness! Baffled how other teams do it but you only have to ask Pompey fans for that answer. Not a rant as I love my / our club
AZ Gull
@SeagullsAcademy Threads: @bhafcacademy
If 23,000 season tickets at say an average of £550 = £13m, 20,000 shirts average £45 = 1m, totalling 14m (roughly) that's £270,000 income per week. Then we have to run a stadium, pay wages etc (all year round) Face it, were skint! And then some fans are wondering why we can't pay players 20k per week to come here
Ticketing revenue in 2012-13 was "only" £8.7m.
Horses Arse
Well-known member
It doesn't help. Far too many and a complete waste in lots of instances. They had two stewards stopping people going to the bridge car park to ask if you were looking for match day parking. What on earth was the point of this?
I'm sure we could manage it - we certainly wouldn't get promoted - but we could manage it. Once the academy is on-stream, we play a few cheaper youngsters, sell a couple every year and the wage costs come down. We could kill the transport subsidy, that would reduce it by even more. And get the hotel built and turning a profit, it will all help.
Can't see TB getting his money back or getting to the PL like that though
Can't see TB getting his money back or getting to the PL like that though
Oleg_McNoleg
New member
- Jul 19, 2005
- 11
Not sure whether this story was discussed at the time but it makes horrific reading.
http://www.theguardian.com/football/2014/may/22/club-by-club-guide-championship-finances-2012-2013
http://www.theguardian.com/football/2014/may/22/club-by-club-guide-championship-finances-2012-2013
Certainly does !!
Brighton and Hove Albion
Ownership
Owned by Tony Bloom, a professional gambler based in Brighton.
Turnover £23.4m
6th highest in the league
Wage bill £21m
8th highest in the league
Wage as a proportion of turnover 90%
Directors’ pay £801,038 for 10 directors, highest got £480,002
Loss before tax £14.8m
Net debt Not stated: £51m loans
Interest payable £0.006m
Accounts for the year to 30 June 2013
State they’re in
Epitomise the crushing economics of the Championship, losing £14.8m even with the huge boost gained by the move to the new American Express community stadium in 2011. Reliant on investment from Tony Bloom, a professional gambler whose family have long involvement in the club, Brighton support FFP, and are pledging to move towards breaking even
Cracking article.
But at 90% turnover on wages, we're doing quite well compared to other championship clubs. Doesn't make for encouraging reading, but we're in a healthier state than most!
Are these figures 100% accurate/official? Or just guess work?
There is a minimum number of stewards the club will need to be able to run the match. I don't know what it is at the Amex but at Withdean it was 85 stewards - any less and the match could not be played. So while it may look like there are too many stewards, it could be that the club only employ the number they absolutely need to be allowed to play the match.
The directors pay is still insignificant compared to what they've/bloom has put in, especially when you compare it to the 2mill from Huddersfield's chairman or even the 41mill from Derby's owners.
What is REALLY scary is how f*****d clubs are from being relegated. Even with parachute payments, Cardiff, Bolton, Blackburn, Hull, Birmingham and Middlesborough all looked screwed, with only Burnley managing to weather the storm. Goes to show how irrelevant peoples complaints are about parachute payments making the championship unfair!
The Premier League may be the promise land, but only if you manage to stay there! And you'll have to pay arse over tit just trying to get there in the first place judging from Forest and Leicester's accounts. As someone said (in what was probably the best post I've ever read on this forum), "they've created a monster, now they have to feed it".
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Or we are already paying TB back on the quiet? Could explain where the money is going..
Fair enough if so but the board should be a little more transparent as the flow of cash into the club at present is huge and the spend on players doesn't quite add up.
kemptown kid
Well-known member
- Apr 17, 2011
- 362
I'd love us to charge or even sneak into the Premiership we all pay for with our bloated Sky subscriptions, if only for a year or two of battling relegation (the most likely scenario), but am much more keen on our club being solvent into the future than risking everything 'chasing the dream'. Hopefully, English football more generally will get a bit more realistic at some point in the future and stop the absurd wage levels which make it virtually impossible for any club to break even and to be more than a bad season or two away from receivership. Half a million a year for no more than decent Championship players is ridiculous and unsustainable.
Glawstergull
Well-known member
Who says any Championship or Premiership Team make profit/brealk even anyway?
Mattywerewolf
Well-known member
Will be very interested to see the profit / loss this year. Convinced in the year before FFP rules kick in we have used legitimate creative accounting to write off 'costs' from academy setup into accounts. Positions you much better for subsequent years when being closely monitored....
