- Apr 1, 2005
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Premier league gate receipts were down but European results are up as a result of wembley
Fair enough. I didn't see sky news.
Premier league gate receipts were down but European results are up as a result of wembley
Premier league gate receipts were down but European results are up as a result of wembley
A long time ago there was a lot of discussion about how we might find ourselves in a much better position than the Arse did in terms of stadium related debt. Part of this was due to the amount of time it took to assemble all the land we needed - by the time the stadium project itself started we'd already spent in excess of £100m on property and the construction of Sainsbury's/Lilywhite House, plus all the administrative costs that go with such a project - the cost of which is included in the headline £800m. There has also been talk that Levy is looking for a £300m (£15m x 20 years) naming rights deal and is willing to wait a while to get it - ties in nicely with your £300m.Looking at that very superficially (and hoping that someone more knowledgeable will be able to confirm or deny) What, to me at first look, seems interesting is that (with a net cash balance,) we had already paid £315m towards the stadium cost... With a projected cost of £800m (including surrounding development,) presuming we have been able to pay off an equivalent £200m (ish) over this year, this would leave only about £300m to finance... Could the whole development be paid off a lot quicker than anyone appears to realise?
That may be true. But the club is sitting on a net cash amount. If all debt was paid off and all credit called in the club would have a positive cash balance. So whilst the club may have spent borrowed money they have the money available to pay that debt off.But I’d imagine that £315m includes loans and isn’t all our money. But I might be wrong.
Imagine where we'll be if we start winning trophies regularly.
The usual dim level of SSN analysis then.On SSN they are saying the increased revenue is due to playing our league games at Wembley!!
This report is the period to June 2017?
This is promising, especially as others have said this year will also improve considerably. Clear scope for another raft of contract updates and making the wages more on par with the big boys, and better than anyone in Europe aside from Madrid, Barca, PSG and Bayern. Time to dust off the Poch cardboard cut out!
Ties in nicely with the Telegraph article saying new deals for Poch (very competitive £8.5m a year!), Kane, Eriksen, Lloris, Vertonghen, Dele and Son. Fingers crossed it happens!
Something is odd here - so without the new stadium expenditure, we'd be sitting on a £300m+ profit? We could give the first 11 each a £500,000 p/w pay increase, and still be in profit.That may be true. But the club is sitting on a net cash amount. If all debt was paid off and all credit called in the club would have a positive cash balance. So whilst the club may have spent borrowed money they have the money available to pay that debt off.
It's kind of like spending month to month on your credit card even if you have money in the bank... (Very broad-strokes analogy)
Don't really know... Was hoping that someone that had looked at them more closely might have been able to confirm my gut feeling/ballpark number juggling!Something is odd here - so without the new stadium expenditure, we'd be sitting on a £300m+ profit? We could give the first 11 each a £500,000 p/w pay increase, and still be in profit.
Something is odd here - so without the new stadium expenditure, we'd be sitting on a £300m+ profit? We could give the first 11 each a £500,000 p/w pay increase, and still be in profit.
Not quite, no. All costs associated with the stadium will be spread across the useful life of the stadium (in accounting terms that may be set as 99 years or something similar). So the £800m cost (let's go with that figure as an example) will be spread over 99 accounting periods, meaning only £8.1m or so hits the accounts each year as a cost.Something is odd here - so without the new stadium expenditure, we'd be sitting on a £300m+ profit? We could give the first 11 each a £500,000 p/w pay increase, and still be in profit.
Looking at that very superficially (and hoping that someone more knowledgeable will be able to confirm or deny) What, to me at first look, seems interesting is that (with a net cash balance,) we had already paid £315m towards the stadium cost... With a projected cost of £800m (including surrounding development,) presuming we have been able to pay off an equivalent £200m (ish) over this year, this would leave only about £300m to finance... Could the whole development be paid off a lot quicker than anyone appears to realise?
The expenditure on the stadium would not be involved in the profit calculation, it is capital expenditure. Cash turned into an asset (Stadium), although in reality a large amount of that expenditure is probably from funds raised from loans.
Thanks you - that makes sense - we were meant to have a construction loan of about that amount, although I doubt we'd spent it all in the last financial period.Not quite, no. All costs associated with the stadium will be spread across the useful life of the stadium (in accounting terms that may be set as 99 years or something similar). So the £800m cost (let's go with that figure as an example) will be spread over 99 accounting periods, meaning only £8.1m or so hits the accounts each year as a cost.
That's a very simplistic way of looking at it, but hopefully explains your confusion.
Was there a definite figure on the amount we paid to rent Wembley . I saw 17m before the season started but recent reports said 11m. Anyone know for definite.
Wow 300m before Wembley. So easily past 400 in new stadium, and meaning our wage bill can go up to 200m and still run at 50-55% of turnover. Making us genuinely competitive.
It's hard to argue against him being handsomely paid.@SwissRamble #THFC highest paid director, almost certainly Daniel Levy, received total remuneration of £6.0m in 2016/17 (up from £2.8m the previous season)