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Author Topic: Latest accounts  (Read 2688 times)
Simon Pieman
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« Reply #15 on: Thursday, March 1, 2018, 11:48:45 »

It is probably worth pointing out the debt has increased because Power had to put more money in
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Thingie


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« Reply #16 on: Thursday, March 1, 2018, 12:16:24 »

It is probably worth pointing out the debt has increased because Power had to put more money in

Which isn't good really is it.
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Don Rogers Sock

« Reply #17 on: Thursday, March 1, 2018, 12:24:36 »

Which isn't good really is it.
Pretty standard Batch really. Shows he is funding the club when needed despite what most would have us believe 
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Thingie


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« Reply #18 on: Thursday, March 1, 2018, 12:36:36 »

no, I mean it shows we aren't self sustaining despite the budget cuts, and we aren't necessarily in a good position when that money becomes due to Power/don't know what the terms are.

It's better than him not funding it. He's done it as an investment and if he makes cash when flipping the club then fair enough.
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4D


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« Reply #19 on: Thursday, March 1, 2018, 13:30:33 »

Well we've improved to the tune of 1.5m, debt has decreased overall, it may have increased slightly on long term debts but reduced the current liability. Overall positive.
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« Reply #20 on: Thursday, March 1, 2018, 13:56:48 »

no, I mean it shows we aren't self sustaining despite the budget cuts, and we aren't necessarily in a good position when that money becomes due to Power/don't know what the terms are.

It's better than him not funding it. He's done it as an investment and if he makes cash when flipping the club then fair enough.

The level of powers funding returned to what it was two years prior.
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RobertT


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« Reply #21 on: Thursday, March 1, 2018, 14:10:14 »

It's like the scene in Godfather Part III when Pacino growls out "Just when I thought I was out, they drag me back in"
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Thingie


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« Reply #22 on: Thursday, March 1, 2018, 14:16:56 »

The level of powers funding returned to what it was two years prior.

So have revenues dropped requiring a bigger financial plug, or did we really get relegated under the same funding as the promotion playoff year...

Clearly I'm not getting this Smiley
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Simon Pieman
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« Reply #23 on: Thursday, March 1, 2018, 17:21:03 »

We don't know the reason for the increase in Power having to put in more money. It may be to fund player acquisitions or it may be, by 31st May 2017, the cash flow is difficult but is less so when the season starts.

Abbreviated accounts don't show enough to draw any proper conclusions. We can't determine if it's positive or negative either in my opinion.
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« Reply #24 on: Thursday, March 1, 2018, 17:34:06 »

Thanks Si
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Peter Venkman


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« Reply #25 on: Wednesday, March 14, 2018, 14:01:57 »

I see that Luton are "breaking the bank" in their attempts to get promotion this season, their accounts have been released for last season and they lost 31,000 a week.



Luton Town made a loss of 1,644,958 for 2016-2017

2015-2016: 739,710 Loss
2014-2015: 1,480,814 Loss
2013-2014: 2,961,035 Loss

Over the same period Lincoln City made a pre tax profit of 1.3m

Pre Tax Profit of 1.3m
FA Cup Commercial Revenue after Costs 2m
Historic debts Cleared
96% rise in expenditure
Turnover increased by over 3m

Turnover: 4,681,977 (1,341,222)
Staff Costs: 2,562,406 (1,160,855)
Profit: 1,279,598 (418,849 Loss)
The figures in brackets are for the previous season.

FGR made a loss of 2016 loss: 2,483,624
Their total wage bill, including players, football and non-football staff, was 2.4 million.
Thats a loss of 46k per week.

Chesterfield made a loss of 506,735 for the 2016/17 financial period.

I don't really understand profit/loss accounts but that sounds like a lot for Luton to be losing and it shows what a good cup run can do to a club in Lincolns case (along with winning the division).

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Audrey's Bellend


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« Reply #26 on: Wednesday, March 14, 2018, 15:03:20 »

As with everything, extra income, whether derived from a cup run or player sales, needs to be reinvested wisely if it is to benefit the club.

All too often it disappears into some black hole with very little explanation.
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Bob's Orange


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« Reply #27 on: Wednesday, March 14, 2018, 15:09:52 »

Think Luton have sold a shed load of players for big money recently which should help to balance the books.
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Peter Venkman


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« Reply #28 on: Wednesday, March 14, 2018, 15:16:06 »

Think Luton have sold a shed load of players for big money recently which should help to balance the books.
They would have to! I know Marriott went to Posh for around 500k and Vassell went to Birmingham for around 1.25m have they sold any others for big money?

Lloyd Jones joined them from Liverpool for 150k, Collins from Crawley for 300k, Jake Jervis 150k also.
« Last Edit: Wednesday, March 14, 2018, 15:20:35 by Peter Venkman » Logged

30 years now and I've moved on and still we got the torys back in the chair
The current generation are out on the streets
With a whole new set of reasons to be fighting police
No justice and Stephen we know where to start
Gangs are busy tearing inner cities apart

30 years still living in a ghost town
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Guns of Navarone....
Bob's Orange


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« Reply #29 on: Wednesday, March 14, 2018, 15:22:33 »

I think they sold Cameron Mcgeehan to Barnsley for about a million quid.
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the gorgie boys, for Hearts in Europe.
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