by 3points » 31 Dec 2014 15:21
by 3points » 31 Dec 2014 15:24
3points These are summaries from the accounts. The highlights are as follows (this is all from the Football Club accounts and not the RFC Holdings accounts):
Turnover fell from £59 to £38 million
Operating expenses fell from £62.5m to £49.3m. Of this wages fell from £46m in 2013 to £34.5m in 2014, though player numbers remained the same at 53, though management and coaching staff number increased from 81 to 102 in 2014.
The club made a £5m profit on selling players up to 30 June 2014 (presumably Mariappa, Kebe and Le Fondre). It also sold players for £5.5m after this date (Morrison, McCarty)
Interest payable increased to £1.4m from £0.6m
net loss for the year was £7.3m, compared to £2.3m the previous year.
As at 30 June, RFC Holdings held all the shares and any debt that had previously been provided by TSI had also been transferred to RFC Holdings. As at 30 June all the debt had been assigned to a third party lender, though the accounts do not state who this was (Vibrac perhaps at that date, or maybe the Thais had already started to step up). Other loans in the accounts are now nearly £47m. However, this is largely a reallocation of previous debts from long term to short term liabilities as total creditors only increased from £55.8m to £59.6m. SJM put in another £1.6m in new loans.
The land at Bearwood has been acquired for £4.5m subject to planning permission being granted and the club potentially owes £2.5m on player transfer fees which are dependent upon certain performance criteria being reached.
2014 2013
£m £m
Turnover 38.1 59.2
Operating expenses* 49.3 62.5
Other operating income 0.3 0.3
Operating loss -10.8 -2.9
Profit on disposal of players 5.0 1.1
Loss before interest & tax -5.9 -1.8
Interest payable -1.4 -0.6
Loss for year -7.3 -2.3
*Operating expenses 34.6 46.2
(inc staff costs)
by bobby1413 » 31 Dec 2014 15:56
by Royal Ginger » 31 Dec 2014 16:12
by Sutekh » 31 Dec 2014 16:46
by multisync1830 » 31 Dec 2014 18:01
by Royal Ginger » 31 Dec 2014 18:34
Sutekh Losing Guthrie and Drenthe's wages in the summer will hopefully make a small dent in that then.
by harry » 31 Dec 2014 20:52
Royal GingerSutekh Losing Guthrie and Drenthe's wages in the summer will hopefully make a small dent in that then.
A very small one. Unless something comes out of the blue I can't see much of an option other than selling McCleary and Obita.
by largetrousers » 31 Dec 2014 21:36
by 3points » 31 Dec 2014 22:24
multisync1830 STAR suggest the deficit is not as much as 53m. from these figures what would be your best guess.
harryRoyal GingerSutekh Losing Guthrie and Drenthe's wages in the summer will hopefully make a small dent in that then.
A very small one. Unless something comes out of the blue I can't see much of an option other than selling McCleary and Obita.
As well as Guthrie & Drenthe the following have contracts until the summer according to Tilehurst End's list
http://thetilehurstend.sbnation.com/201 ... ract-dates
Senior squad:
Adam Federici
Mikkel Andersen
Chris Gunter
Stephen Kelly
Alex Pearce
Shaun Cummings
Danny Guthrie
Jem Karacan
Royston Drenthe
Under 21s
Stuart Moore
Jonathan Henly
Pierce Sweeney
Ryan Edwards
Craig Tanner
Dominic Samuel
Aleksandar Gogić
Samúel Friðjónsson
Under 18s
Daniel Williams
Suspect we'll see quite a few not being renewed again as FFP bites.
by Dick Habbin's hairdo » 01 Jan 2015 00:14
harryRoyal GingerSutekh Losing Guthrie and Drenthe's wages in the summer will hopefully make a small dent in that then.
A very small one. Unless something comes out of the blue I can't see much of an option other than selling McCleary and Obita.
As well as Guthrie & Drenthe the following have contracts until the summer according to Tilehurst End's list
http://thetilehurstend.sbnation.com/201 ... ract-dates
Senior squad:
Adam Federici
Mikkel Andersen
Chris Gunter
Stephen Kelly
Alex Pearce
Shaun Cummings
Danny Guthrie
Jem Karacan
Royston Drenthe
Under 21s
Stuart Moore
Jonathan Henly
Pierce Sweeney
Ryan Edwards
Craig Tanner
Dominic Samuel
Aleksandar Gogić
Samúel Friðjónsson
Under 18s
Daniel Williams
Suspect we'll see quite a few not being renewed again as FFP bites.
by mambo3 » 01 Jan 2015 01:29
by Ian Royal » 01 Jan 2015 02:22
by PieEater » 01 Jan 2015 12:05
by 3points » 01 Jan 2015 12:22
Ian Royal Wow, i knew the wages would be big, but for them to still be higher than our first two PL years is obscene. Anton really was a total shithouse.
by Forbury Lion » 02 Jan 2015 13:40
mambo3 Senior squad:
Adam Federici
Mikkel Andersen
Chris Gunter
Stephen Kelly
Alex Pearce
Shaun Cummings
Danny Guthrie
Jem Karacan
Royston Drenthe
by Royal Ginger » 02 Jan 2015 13:44
by ZacNaloen » 02 Jan 2015 13:48
by Nameless » 02 Jan 2015 15:36
by Royals and Racers » 02 Jan 2015 20:11
Nameless There is a guy who each year does a very good analysis of the accounts for STAR, I can't recall his name and there is every chance he posts on here.
Any way, what he produces always seems very credible and usually corrects all the misconceptions, misrepresentations and misunderstandings that get posted on here as being 'facts'. I hope he is doing the same with this years's accounts and look forward to reading something on the subject which casts genuine light.
I recommend others do the same !
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