The sums dont add up Dick

[The Auditor]

132k depn seems quite low then in that case.

The larger item must be being written off over about 20 years then

Depreciation rate
Withdean Over the life of the agreement (?)..NBV £350K @30/06/04
Training ground 20%
F & F 20-33%
Vehicles 25%

 

[rool]

One question is, if Dick is hoarding all this revenue what exactly is he using it for? Is he stashing it in an account on the Cayman Islands? Or perhaps he is building a giant money swimming pool like Scrooge McDuck?

That's two questions

 

[Les Biehn]

That's two questions

I'm playing mind games.

 

[The Auditor]

At 30 June 2005, the group had approximately £15,850,000 of trading losses to carry forward.

 

[rool]

Depreciation rate
Withdean Over the life of the agreement (?)..NBV £350K @30/06/04
Training ground 20%
F & F 20-33%
Vehicles 25%

I'm tired, not fully sure I see how that goes from 2.4 cost to 350k NBV in 6 years since being at withdean and then only a total of 132k depn in year 7 (?)

 

[The Auditor]

I'm tired, not fully sure I see how that goes from 2.4 cost to 350k NBV in 6 years since being at withdean and then only a total of 132k depn in year 7 (?)

I believe its linked to the fact that the orginal agreement ran out and a new one was granted

 

[rool]

I'm tired, not fully sure I see how that goes from 2.4 cost to 350k NBV in 6 years since being at withdean and then only a total of 132k depn in year 7 (?)

Doh, unless some of the additions in the first year or two are fully depreciated leaving just the lower valued latter day additions.

 

[The Auditor]

Financial Summary 30.06.05
The turnover of the Club was £5,533,896 an increase of £9l5k over the previous year. Gate receipts were up by £300k thanks mainly to the Spurs cup match. Sponsorship and advertising rose by £207k as a result of a number of new initiatives. Shop sales rose by £132k mainly due to record online sales and good sales through the Christmas period. Broadcast royalties rose by £40k as a result of increased facility fees in the Championship. Most importantly the Football League’s basic central distribution derived specifically from the Sky TV deal increased by £385k as a result of Championship status.
There is now a significant difference in TV money between the Championship and League 1 and this is a
cause for concern should the Club be relegated. Included in the turnover for 2004)05 is a sum of £262k
raised from supporters via the ‘Alive & Kicking’ campaign which was launched in October 2004 a
magnificent response to the appeal.
Total staff costs rose by £365k over the previous year a reflection of increased player costs in the Championship and the direct employment for a full season of approximately 200 part-time stewards and event staff following the improved arrangements governing our use of Withdean Stadium.
Broadly, overall running costs remained fairly static during 2004/05 aside from stadium running costs which fell by £246k as a direct result of the revised arrangements at Withdean.
Overall the operating loss (before player disposals, interest and exceptional items are applied) decreased by £566k to £976k over the previous year. After applying the above items including further costs of the Falmer development of £5 17k the pre tax loss was £1 ,074k (previous year £92 1k). The total costs of the Falmer project now total £3,018,644 incurred over the last seven financial periods.

 

[Tom Bombadil]

Now, 23 games with a 8850 capacity at £15 average ticket price is a turnover of £3,053,250.

Say we have a squad of 36 on average of £40,000 per year the players wage bill comes to £1,440,000. Add 20 other staff at £30,000 per year we get £600,000.

It costs £20k to stage a game at Withdean. 23 games comes in at £460,000.

This still leaves £553,000 left over per year and totally ignores any other revenue streams. Some, like transfer fees, are very significant sums.

Further more, I feel I have probably greatly over estimated the average player salary. Given the vast majority of our squad are young and inexperienced I would have grave concerns if the average was anywhere near 50k per player.

I appreciate the simplistic nature of my maths, but I really do struggle to see how the club claim that theu would still be losing money hand over fist even if the ground was sold out week after week.

Dick Knight, please explain where the money is going. This is not a criticism, it is a request for clarification.

I would put this on the 'Ask the club' board but fear it will be deleted.

Right,

Why is average ticket price £15?
How much VAT comes out of that? (is it all at standard rate)
We have a squad of 36
Average salary of 40k - is this realistic?
Do we employ 20 non playing staff?
Do they average 30k per year?
Have you allowed for employers ni and pension?
How much did we pay in agents fees?
What does it actually cost to stage a game.
Does that include park and ride, police stewarding, or is it just stadium rental
What about the costs of offices, training ground, marketing, the youth set up, work in the community,
How much does it cost the club to travel to away games and stay in a hotel if necessary, what are the costs of the reserves..
How much were the legal costs in 2005? What other costs were associated with the stadium application.

If you answer these we'll move onto more detail.

 

[seven stands]

agents fees ? 7.5milion











first number that came into my head, but thought I wolud join in this think of a number game

 

[The Auditor]

Falmer
The season commenced with the Club still awaiting a decision by the First Secretary of State, John Prescott following the first Public Inquiry into the planning applications submitted for the development of a new Community Stadium at Falmer.
The Local Plan Inspector at the Inquiry had delivered his report to Brighton & Hove City Council in January 2004 but this report had not been helpful recommending other sites on which no detailed evidence had been provided.
In July 2004 just as the season started the FSS wrote to the Club asking that the Inquiry be re-opened to examine the alternative sites. The second Inquiry opened in February 2005 and closed in May 2005. Nine sites were examined and once again the Club found that none of the alternative sites were suitable and confirmed that Fahuer was the only site for the development.
In October 2005 the FSS granted planning permission for all four of the planning applications permitting the development to proceed. The planning permission was acceptable to the Club, the University of Brighton and the City Council. However Lewes District Council have lodged a challenge to the decision and this will now have to be heard in the High Court during 2006. However this is a fruitless exercise by Lewes because even if the Court decides to quash the decision the only power it has is to refer it back to the FSS for him to make the decision again. It is the Club’s view that it is extremely unlikely that the Deputy Prime Minister will change his mind.
The directors are therefore confident that the planning consent will be confirmed and the oniy effect of the challenge is to delay the start of construction. The Club very much regrets Lewes District Council’s hostile action.

 

[The Large One]

I think it's fair to say that Chops twat was on a wind-up, and it worked.

I'd still like to know who he is - can DtG clarify who he is within FPC, if indeed it's true?

 

[vulture]

William Chops is a falmer parish councilor...why bother answering the prick?

Dave are you sure

 

[El Presidente]

Say we have a squad of 36 on average of £40,000 per year the players wage bill comes to £1,440,000. Add 20 other staff at £30,000 per year we get £600,000.

So you have a wage bill of £2,040,000, compared to The Auditor's inspection at Companies House (cost £1, time spent downloading....about 5 minutes) which reveals an actual wage bill of about £3.3million.

If you cannot be bothered to read the information that is freely available and in the public domain, then please don't waste time in the 'Ask the Club' forum.

The Insider does have better things to do with his time.

 

[ditchy]

Now, 23 games with a 8850 capacity at £15 average ticket price is a turnover of £3,053,250.

Say we have a squad of 36 on average of £40,000 per year the players wage bill comes to £1,440,000. Add 20 other staff at £30,000 per year we get £600,000.

It costs £20k to stage a game at Withdean. 23 games comes in at £460,000.

This still leaves £553,000 left over per year and totally ignores any other revenue streams. Some, like transfer fees, are very significant sums.

Further more, I feel I have probably greatly over estimated the average player salary. Given the vast majority of our squad are young and inexperienced I would have grave concerns if the average was anywhere near 50k per playe

I appreciate the simplistic nature of my maths, but I really do struggle to see how the club claim that theu would still be losing money hand over fist even if the ground was sold out week after week.

Dick Knight, please explain where the money is going. This is not a criticism, it is a request for clarification.

I would put this on the 'Ask the club' board but fear it will be deleted.

I think your player salaries are too low .. plus you are forgetting ground staff coaches club admin all has to be paid !

 

[Lord Bracknell]

standard Companies Act disclosure includes the following

8 STAFF COSTS
2005
£
Wages and salaries 3,134,893
Social security costs 363,581
Other pension costs 52,316
£3,550,790

The Football League guideline is for the paybill to be no more than 60 per cent of turnover.

Albion's turnover was £5,533,896. The paybill was 64 per cent of turnover.

These figures also show how wildly inaccurate are the guesses made by William Chops. And since he uses his figures as the basis for arguing that DK is somehow deceiving people, I think we can draw a conclusion ...

You're talking bollocks, Mr Chops.

 

[Biscuit]

Can we stop the attacks on Chops please? He has every right to raise these questions, and he should be put in his place by pure fact, not laughing at his argument by calling it 'hilarious' or even calling him a 'twat'.

 

[Bry Nylon]

Can we stop the attacks on Chops please? He has every right to raise these questions, and he should be put in his place by pure fact, not laughing at his argument by calling it 'hilarious' or even calling him a 'twat'.

I get sad when I see your avatar. Is he all melted now?

 

[Lord Bracknell]

Can we stop the attacks on Chops please? He has every right to raise these questions, and he should be put in his place by pure fact, not laughing at his argument by calling it 'hilarious' or even calling him a 'twat'.

I'm attacking him on the basis of pure fact.

 

[beardy gull]

Can we stop the attacks on Chops please? He has every right to raise these questions, and he should be put in his place by pure fact, not laughing at his argument by calling it 'hilarious' or even calling him a 'twat'.

No. He is a twat.