Sooks Posted November 14 Share Posted November 14 8 minutes ago, kingantti1874 said: problem is . The increased spend doesn’t necessarily mean better players. Becuase the football market is getting away from us. e.g Ginelly we couldn’t afford to keep, Souttar we couldn’t afford to keep and a well respected poster on here saying we can’t keep Beni either. bang for buck is reducing year on year I think we have much better players than in the Levein and Stendel eras tbh Quote Link to comment Share on other sites More sharing options...
jambo19 Posted November 14 Share Posted November 14 1 hour ago, Bender said: Lose that and we're cutting costs rather dramatically. By roughly 1/5th of the total turnover posted today. Donations are in lieu of a main sponsor though as part of his philanthropy to support MND Scotland (previously Save the Children). We could go out and find a sponsor of around 4m instead ? Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 1 minute ago, jambo19 said: Donations are in lieu of a main sponsor though as part of his philanthropy to support MND Scotland (previously Save the Children). We could go out and find a sponsor of around 4m instead ? Seriously doubt we could get close to a quarter of that for a shirt sponsor . Wonga was our biggest ever and it was somewhere between 50 and 100 thousand if I remember right Quote Link to comment Share on other sites More sharing options...
Spookie Posted November 14 Share Posted November 14 Any mention of Hickeys sell on fee? Quote Link to comment Share on other sites More sharing options...
stevie1874 Posted November 14 Share Posted November 14 So our benefactor still investing plenty money into club and some were calling him out last week. 😳 Quote Link to comment Share on other sites More sharing options...
Italian Lambretta Posted November 14 Share Posted November 14 2 minutes ago, Spookie said: Any mention of Hickeys sell on fee? Aye Levein spent it all in William Hills. Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 2 minutes ago, stevie1874 said: So our benefactor still investing plenty money into club and some were calling him out last week. 😳 Madness eh ? We have some interesting supporters out there Quote Link to comment Share on other sites More sharing options...
Bob Loblaw Posted November 14 Share Posted November 14 It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Quote Link to comment Share on other sites More sharing options...
jambotony Posted November 14 Share Posted November 14 10 minutes ago, Spookie said: Any mention of Hickeys sell on fee? there's no sell on fee.. we accepted a lump sum £423K Quote Link to comment Share on other sites More sharing options...
jamboinglasgow Posted November 14 Share Posted November 14 40 minutes ago, Spellczech said: We'll be in good shape when we start doing better in the transfer arena Think that can often be missed when considering how well we have done with revenue. I saw one twitter account say that our turnover is the largest ever for a non-Old Firm club and thats with no transfer sales (yes it is thanks to European revenue) but if we can get into selling a couple of players each season for decent money then it will make a big difference on top of the revenue. Quote Link to comment Share on other sites More sharing options...
ǝǝɥʇᴉɯS Posted November 14 Share Posted November 14 1 minute ago, jamboinglasgow said: Think that can often be missed when considering how well we have done with revenue. I saw one twitter account say that our turnover is the largest ever for a non-Old Firm club and thats with no transfer sales (yes it is thanks to European revenue) but if we can get into selling a couple of players each season for decent money then it will make a big difference on top of the revenue. Or, it'll mean Anderson has to put in less for us to break even Quote Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted November 14 Share Posted November 14 I just look at the bottom line and as long as we aren’t losing money that’s all I need to know. Everything else can be seen by following the going on at the club. Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted November 14 Share Posted November 14 31 minutes ago, Footballfirst said: IMO they are a bit meh, given the boost in income from our ECL participation plus slightly increased donations. I had hoped that more of the debt to AB would have been paid off, but the club appears to have focussed more on off field activities including the hotel and increased non football staff numbers (doing what?). On the football side, staff costs will have increased by bonuses for ECL involvement and the operation of the B Team. Thanks for that, can only think the non football staff are in the shop and restaurant/kitchen. Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 12 minutes ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Exactly how I see it Quote Link to comment Share on other sites More sharing options...
ramrod Posted November 14 Share Posted November 14 1 hour ago, Footballfirst said: Correct. £1m paid towards AB's loan. Still £2.1m outstanding. Seem to have made a fair bit of capital expenditure. £1.3m spent on plant and equipment and a further £1.1m on "assets under construction" (hotel?) How the **** can we still be owe AB £2 million ? Unbelievable really Quote Link to comment Share on other sites More sharing options...
kingantti1874 Posted November 14 Share Posted November 14 33 minutes ago, Sooks said: I think we have much better players than in the Levein and Stendel eras tbh yes but not as good if we were spending the same amount in that era. Wage bill is nearly double. Quote Link to comment Share on other sites More sharing options...
Bull's-eye Posted November 14 Share Posted November 14 16 minutes ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Joined up thinking. Something of a novelty on here. Bravo. Quote Link to comment Share on other sites More sharing options...
SMJ_1874 Posted November 14 Share Posted November 14 17 minutes ago, jambotony said: there's no sell on fee.. we accepted a lump sum £423k In your dreams we did. You’re a quarter of a million over estimating! Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 (edited) 7 minutes ago, kingantti1874 said: yes but not as good if we were spending the same amount in that era. Wage bill is nearly double. Finishing much higher and more players by head count though too . Five sub rule and competing in more competitions against teams of a higher standard . I see it as growth and improvement . Turning over vastly more cash and that is allowing us to invest more in the squad to see us performing better . Just how Inview things like this . My philosophy is turnover more and more money each season and the sum of money that percentage translates to can spend on players will keep increasing . If we have the right man at the helm then that sort of resource could allow him to do better in each competition Edited November 14 by Sooks Quote Link to comment Share on other sites More sharing options...
GBJambo Posted November 14 Share Posted November 14 Great set of results . Only a Hibs fan would think otherwise 🤔 Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted November 14 Share Posted November 14 23 minutes ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. There will always be something to be upgraded though, whether thats new seats, training facilities etc. Quote Link to comment Share on other sites More sharing options...
ToadKiller Dog Posted November 14 Share Posted November 14 Growth is good ,money from FOH and James Anderson is a positive not a negative .more inferstructure improvements good . No real worries with the accounts . In the end results on the pitch are king for a football club ,we will get that right at some point . Quote Link to comment Share on other sites More sharing options...
Spookie Posted November 14 Share Posted November 14 30 minutes ago, jambotony said: there's no sell on fee.. we accepted a lump sum £423K FFS 🙄 Quote Link to comment Share on other sites More sharing options...
Bob Loblaw Posted November 14 Share Posted November 14 6 minutes ago, Pasquale for King said: There will always be something to be upgraded though, whether thats new seats, training facilities etc. Of course, but not on the scale we've seen in recent years. Operational costs were very large this year. We'd not invest in some of that without Anderson. Quote Link to comment Share on other sites More sharing options...
droid Posted November 14 Share Posted November 14 1 hour ago, kingantti1874 said: problem is . The increased spend doesn’t necessarily mean better players. Becuase the football market is getting away from us. e.g Ginelly we couldn’t afford to keep, Souttar we couldn’t afford to keep and a well respected poster on here saying we can’t keep Beni either. bang for buck is reducing year on year Who’s the well respected poster and what’s he said? Quote Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted November 14 Share Posted November 14 These results are an even bigger indictment on Neilson. Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 16 minutes ago, GBJambo said: Great set of results . Only a Hibs fan would think otherwise 🤔 They will be keeping that thread to their PM board for the time being . Expect a five pager to just miraculously appear all of a sudden Quote Link to comment Share on other sites More sharing options...
colinmorewasgash Posted November 14 Share Posted November 14 28 minutes ago, ramrod said: How the **** can we still be owe AB £2 million ? Unbelievable really Yeah considering she gave that to her brother for stadium to fix but hey ho and used FOH money to finish it when it was overbudget oh well. Quote Link to comment Share on other sites More sharing options...
Lone Striker Posted November 14 Share Posted November 14 37 minutes ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Correct. Hopefully the hotel will turn from being a drain on expenditure to a net income stream in the next couple of years. I guess the idea of building our own training facilities somewhere will have raised its head by then though. 1 hour ago, Spellczech said: We'll be in good shape when we start doing better in the transfer arena Yep, selling a player for a few million is the most likely way of getting a substantial increase in our income. A lot of things have to come together for that to happen though - including persuading our most saleable player(s) to sign a 3 year contract on the basis of trust that we'd listen to offers after 2. Quote Link to comment Share on other sites More sharing options...
colinmorewasgash Posted November 14 Share Posted November 14 16m foh money and we still haven't paid her off seems a bit suss to me wheres it been going. That should have been paid off by now. Looks to me like she has used club funds and foh for stadium overbudget covid etc using funds also for hotel leaving her initial loan accruing interest over 10 years and Foh were happy with this. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted November 14 Share Posted November 14 59 minutes ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Think that’s been the plan all along together with our philanthropic activities ie Big Hearts, Save the Children, MND Scotland etc. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 14 Share Posted November 14 1 minute ago, colinmorewasgash said: 16m foh money and we still haven't paid her off seems a bit suss to me wheres it been going. That should have been paid off by now. Looks to me like she has used club funds and foh for stadium overbudget covid etc using funds also for hotel leaving her initial loan accruing interest over 10 years and Foh were happy with this. The original loan was paid off almost 3 years ago. AB then provided new funds to cover cash flow during covid and the overspend on the stand. Quote Link to comment Share on other sites More sharing options...
kingantti1874 Posted November 14 Share Posted November 14 3 minutes ago, colinmorewasgash said: 16m foh money and we still haven't paid her off seems a bit suss to me wheres it been going. That should have been paid off by now. Looks to me like she has used club funds and foh for stadium overbudget covid etc using funds also for hotel leaving her initial loan accruing interest over 10 years and Foh were happy with this. She’d have accrued more interest in a low risk savings account. Dont look for conspiracies where there are none. The main stand, the facilities it provides are the main reason our turnover has exploded. And we haven’t even seen the full benefit yet. You can thank Ann budge for what’s she’s done to put us in this position, whilst simultaneously demanding more on the pitch. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted November 14 Share Posted November 14 24 minutes ago, Geoff Kilpatrick said: These results are an even bigger indictment on Neilson. His success on the pitch generated most of the year on year growth in turnover. Hard for you to accept or acknowledge I know but thems the facts in black and white. Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 17 minutes ago, colinmorewasgash said: Yeah considering she gave that to her brother for stadium to fix but hey ho and used FOH money to finish it when it was overbudget oh well. Has this version of events not been proven to be hyperbolic pish by someone on here who was involved in the stand build and stadium improvements ? May be wrong but I am sure I read this getting slapped down a bit the last time it was posted Quote Link to comment Share on other sites More sharing options...
Malinga the Swinga Posted November 14 Share Posted November 14 Given the expected comments from vermin interlopers, quite happy with the accounts. When they resort to the default anti Budge comments you know that there are no real problems. Quote Link to comment Share on other sites More sharing options...
August Landmesser Posted November 14 Share Posted November 14 2 hours ago, Ivan Drago said: Still relying on benefactor donations It's this time of year again I see... Without the benefactor donations, we would've spent less and our profit/loss would've been the same, but our turnover would be lower. We don't spend money that we don't have, donations are budgeted for, and James Anderson is not the only thing keeping the lights on Quote Link to comment Share on other sites More sharing options...
Sooks Posted November 14 Share Posted November 14 1 minute ago, kingantti1874 said: She’d have accrued more interest in a low risk savings account. Dont look for conspiracies where there are none. The main stand, the facilities it provides are the main reason our turnover has exploded. And we haven’t even seen the full benefit yet. You can thank Ann budge for what’s she’s done to put us in this position, whilst simultaneously demanding more on the pitch. She also never took a wage in the ten years she has been here . The interest she will have accrued would be a fraction of the going rate for those sort of salaries Quote Link to comment Share on other sites More sharing options...
Thunder and Lightning Posted November 14 Share Posted November 14 3 minutes ago, kingantti1874 said: She’d have accrued more interest in a low risk savings account. Dont look for conspiracies where there are none. The main stand, the facilities it provides are the main reason our turnover has exploded. And we haven’t even seen the full benefit yet. You can thank Ann budge for what’s she’s done to put us in this position, whilst simultaneously demanding more on the pitch. I believe I read on here (so accuracy is not guaranteed) that her loans are at market rate. So she would make much more from loans to us than the money sitting in a savings account. As noted above, I don't know if the rate thing is true. Quote Link to comment Share on other sites More sharing options...
colinmorewasgash Posted November 14 Share Posted November 14 I know how finance works what is always said is she used her funds to cover covid and overbudget of stand yet she stated that it was thanks to foh and benefactors for completing stand even though one floor wasnt completed. Anyway good results but if its fan owned it isnt really as we havent paid back the initial loan to me doesn't read like new loan we still owe her but I ll leave the finance gurus to .net Quote Link to comment Share on other sites More sharing options...
johnking123 Posted November 14 Share Posted November 14 Keeping the spending high will allow to take advantage of our benefactors more over the seasons. Sure it does have some effect when comes to financial fair play. But could be wrong. Quote Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 14 Share Posted November 14 Let’s not beat around the bush. A large part of that increase was because we qualified for Europe Quote Link to comment Share on other sites More sharing options...
Shanks Posted November 14 Share Posted November 14 So the benefactors cash allows us the extra money needed to challenge aberdeen/hibs. Take away that extra cash and I’d imagine we will toil. just shows how incompetent the folk are running the club. Quote Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 14 Share Posted November 14 (edited) 17 minutes ago, Thunder and Lightning said: I believe I read on here (so accuracy is not guaranteed) that her loans are at market rate. So she would make much more from loans to us than the money sitting in a savings account. As noted above, I don't know if the rate thing is true. it says very clearly in the accounts that she earns interest at market rate. Almost 150k in the financial year covered by them. Edited November 14 by Dusk_Till_Dawn Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 14 Share Posted November 14 1 hour ago, Bob Loblaw said: It looks like we've had a good idea of income and spent accordingly. We won't have stadium upgrades and hotel construction every year. Plus we've invested a fair bit into player wages and looks like a relatively significant spend on player transfers as well. Looks pretty obvious that we are happy to get these larger infrastructure projects done when Anderson is still happy to pay in so that long term we see the benefits. Yip. No idea why folk see it differently. Quote Link to comment Share on other sites More sharing options...
Luckies1874 Posted November 14 Share Posted November 14 (edited) I continue to believe that there are lots of positive projects (despite some overspend and budgeting issues for infrastructure projects) going on off the park. Clearly we have some very experienced, qualified and successful people in the mix when it comes to building a far stronger base for our clubs future. My biggest questions would still surround who is spending the money on the football side of the club and whether they are anywhere near good neigh to be given that role. Frankly we are still getting nowhere near value for money when it comes to on field performance. Not only that we fell short last season of their stated aim which will be reflected in next years accounts and obviously the knock on impact of poor recruitment has seen us fail to make any money of note from the sale of players. The idea that Anderson will pull the rug from under us seems highly improbable and I expect him to continue to drip feed money into the club for many years to come. The way this is done, I understand there may be tax incentives for him to do so as well. Edited November 14 by Luckies1874 Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 14 Share Posted November 14 (edited) 52 minutes ago, Geoff Kilpatrick said: These results are an even bigger indictment on Neilson. Depends on Aberdeens finances really. The European money was also paid at the end of the season, it's not paid upfront. Edited November 14 by Bazzas right boot Quote Link to comment Share on other sites More sharing options...
Bull's-eye Posted November 14 Share Posted November 14 1 minute ago, Bazzas right boot said: Yip. No idea why folk see it differently. Accounts are fine. Club thinks their fine, media think their fine. Opposition supporters think their fine. The JKB goon squad want everyone sacked and clarificashun why there's not £50m sat in the bank account. Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 14 Share Posted November 14 2 minutes ago, Bull's-eye said: Accounts are fine. Club thinks their fine, media think their fine. Opposition supporters think their fine. The JKB goon squad want everyone sacked and clarificashun why there's not £50m sat in the bank account. Goons will be goons. Quote Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 14 Share Posted November 14 Another nice year for Budge’s brother Quote Link to comment Share on other sites More sharing options...
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