- Feb 27, 2005
- 6,258
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Cup competitions – Gate receipts and prize money.
July-Dec 2009: £1.9m
July-Dec 2010: £20.3m
July-Dec 2009: £1.9m
July-Dec 2010: £20.3m
What's with £86m for trade payables? Anyone know?
Yeah, a substantial amount of that would be deferred income, from a variety of sources.
Basically, where the club have received all the money but the revenue relates to future periods. This could be in the form of season tickets, corporate/executive boxes, sponsorship and the like.
There'll be a fair chunk in relation to payables on the acquisition of players - Levy rarely forks out it all up front, preferring instead to pay in installments.
What's with £86m for trade payables? Anyone know?
Current Liabilities - trade payables is money we owe in the next 12 months. 86m is owed by the club, which is alot!!
Recievables is income. We only have 30m in recievables.
That was the one thing that made me wonder when looking at the accounts. I would say that we must owe money from instalments on previous transfers. Either way cash flow doesnt look too hot. But its hard to say what the position will be like until we get our CL TV money. That could be 35-40m.
The other thing that is a little worrying is the year on year increase in bank loans and overdrafts. Some is from the training ground and some from the NDP.
£23m of legal fees to hit P&L if Northumberland Project doesn't go ahead - that's a big ouch! and some will say why waste/pour so much money into it if not viable.
Could be a big issue going forward because could also imagine that lot of property purchased is now not of same value
if built 56k will be to small - should be looking at 65k size stadium especially if we progress as we are currently doing - we are going to attract the rich fairweather fans from other london clubs