by Hoop Blah »
09 Jan 2012 13:39
starliaison This time the analysis is helped by some questions being answered by the club to clear certain points so it should be even more helpful in understanding them for those bemused by a set of accounts.
Good work by the author/STAR/the club to come together on this one. In this day and age it's an important aspect of running the club and managing the stakeholders. It's good for the fans (or at least some) to have an appreciation of what's happening behind the scenes so that a) they can understand the restraints on the club and b) make sure that their club doesn't go the way of Pompey, Darlington etc etc.
Having had a quick and uneducatied review of the accounts myself a few things jumped out at me.
Wage bill was higher than I perhaps thought it would be considering the tightening of belts and 'blackholes' etc etc. £18.25m for the football club alone is still quite high for us, and is higher than 2010 (I'm assuming the increase being performance related pay/bonuses for the FA Cup run and making the Play Off final).
Those wages are 105% of turnover! Last few years that ratio has been 66, 99, 60, 62, 101%
Assuming that 90% of those wages are on players, that works out at an average of about £7.5k per player (and that's including the yongsters and the Brett Williams and Cedirc Baseya).
I think this is the first operating loss (-£5m?) we've made since the year we got promoted.
Revenue was split Matchday 42%, Media 35%, Commercial 17%, Rugby 4%, Other 1%
Trade Debtors dropped from £4.9m to £1.9m which I presume is the staggard payments for the sales of people like Kitson and Doyle etc.
The Chairmans loan increased by c. £500k to £9.2m. That's right, it went UP not down.