Latest club accounts

[Wycombe Royal]

Don't know whether this has already been discussed but the £5.3m loss is for the y/e June 2010, yes?

Sigurdsson was sold in August 2010, yes?

Surely these accounts are to the y/e June 2011? They will include Sigurdsson, but won't include Mills or Long.

[Wycombe Royal]

I reckon I've got a better grip on it than SJM has!

Maybe if you had your years right.......

[Royal Rother]

HA!!!

Ok, don't think I can squirm out of that one so I'll have to take that one right up the jacksie!!

[Wycombe Royal]

:oops: HA!!!

Ok, don't think I can squirm out of that one so I'll have to take that one right up the jacksie!!

I'm just amazed I was the first to spot the blatant error....

[Royal Rother]

That was going through my mind as well!!

I guess people have become accustomed to me being right.

Maybe....

[Terminal Boardom]

I'm off home

[Ian Royal]

That was going through my mind as well!!

I guess people have become accustomed to me being right.

Maybe....

I'm just used to the accounting info we get being a year out of date tbh.

[Mid Sussex Royal]

Interesting article in Evening Standard tonight - headline:

" FREEDMAN: HEROES WILL STAY AFTER SHOCK WIN"

It starts: "Having beaten United, boss says cash from Carling Cup run means Palace can fend off Premier League interest in their top stars"


hmmm very interesting - one cup run from a micky mouse competition which no one watches - no daft accounting entries to create artificial losses there.

[Ian Royal]

Interesting article in Evening Standard tonight - headline:

" FREEDMAN: HEROES WILL STAY AFTER SHOCK WIN"

It starts: "Having beaten United, boss says cash from Carling Cup run means Palace can fend off Premier League interest in their top stars"


hmmm very interesting - one cup run from a micky mouse competition which no one watches - no daft accounting entries to create artificial losses there.

Haven't they just had most of their debt written off by going into administration? And it's not exactly like they've only just been relegated or lost their parachute payments either. Can't imagine their wage bill is huge.

Besides, all it actually means is they can hold out for a higher payout. If someone decent wants to spend a few million on Ambrose they'll struggle to keep him no matter how much they've got.

[Wycombe Royal]

no daft accounting entries to create artificial losses there.

Another clueless individual with regards to accounting. There are accounting standards that need to be followed you know...........

[Svlad Cjelli]

Interesting article in Evening Standard tonight - headline:

" FREEDMAN: HEROES WILL STAY AFTER SHOCK WIN"

It starts: "Having beaten United, boss says cash from Carling Cup run means Palace can fend off Premier League interest in their top stars"


hmmm very interesting - one cup run from a micky mouse competition which no one watches - no daft accounting entries to create artificial losses there.

Since when has what managers say to local papers about club finances reflected the real world and what actually happens?

[Royals and Racers]

The accounts for Reading FC for year end 30th June 2011 are now logged with companies house.
I am very much a novice at reading and understanding financial statements however it appears the club made a 5 million loss for the year-with turnover down from 27mill the previous yr to 17 mill(parachute payment ceasing i assume).
The accounts also state that since the year end players have been bought for £1.189 mill and sold for £9.075 mill
hopefully someone with an accounts background can disect the figures more throughly.

[melonhead]

The accounts for Reading FC for year end 30th June 2011 are now logged with companies house.
I am very much a novice at reading and understanding financial statements however it appears the club made a 5 million loss for the year-with turnover down from 27mill the previous yr to 17 mill(parachute payment ceasing i assume).
The accounts also state that since the year end players have been bought for £1.189 mill and sold for £9.075 mill
hopefully someone with an accounts background can disect the figures more throughly.

5 million loss

payed for by 9.075 million sales(minus 1.189 m bought)

=2.886 million WAR CHEST!

[Jackson Corner]

If it's up to the 30th June it does not include the sale of Shane Long and Matt Mills?

[Royals and Racers]

If it's up to the 30th June it does not include the sale of Shane Long and Matt Mills?

Thats the 9 mill received and the 1 mill spent is legs,J mills and Adam le f

[Terminal Boardom]

If it's up to the 30th June it does not include the sale of Shane Long and Matt Mills?

Thats the 9 mill received and the 1 mill spent is legs,J mills and Adam le f

Remind us all when J Mills and ALF signed for Reading. And feck off newbie

[Royals and Racers]

If it's up to the 30th June it does not include the sale of Shane Long and Matt Mills?

Thats the 9 mill received and the 1 mill spent is legs,J mills and Adam le f

Remind us all when J Mills and ALF signed for Reading. And feck off newbie

I don`t know what your point is but i will answer the question
J mills 22nd August 2011
Adam Le Fondre 27th August
which is after the 30th june 2011

[Harpers So Solid Crew]

you wont last long here with bollox figures like these.

[Royals and Racers]

you wont last long here with bollox figures like these.

What figures are bollox ??

[Harpers So Solid Crew]

Since you cant see it I will answer the obvious, the accounts end June 2011 , so any ins and outs after that will be in the next set of figures.