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A Quick Look at SWFC's Finances


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If we let the players go who are out of contract (Bannan, Abdi, Matias, Fox, Palmer, Westwood and Pudil) their wages will go off the balance sheet (along with the transfer fees associated with them) so that's nearly £10m saved right there. It's not totally unrecoverable, if we receive fees for someone like Westwood and (God help us) Bannan and Forestieri, then we could actually then a profit...

 

 

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6 minutes ago, Minton said:

If we let the players go who are out of contract (Bannan, Abdi, Matias, Fox, Palmer, Westwood and Pudil) their wages will go off the balance sheet (along with the transfer fees associated with them) so that's nearly £10m saved right there. It's not totally unrecoverable, if we receive fees for someone like Westwood and (God help us) Bannan and Forestieri, then we could actually then a profit...

 

 

Wages aren’t on a balance sheet...the unamortised fees paid are an asset on the balance sheet but the only way they can come off the balance sheet is by being charged through the Income Statement as an expense...not exactly what you want if you are trying to reduce losses.

Edited by kobayashi
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We need to sell someone for really daft money like Lees or Reach who go on to bigger and better things so we don't feel too bad about it and at the same time sort us out with some proper dough to go again when we're allowed to.

 

Both these two still have that "could potentially be much better" quality still that Premier clubs chuck relatively silly money at without even blinking.

 

To get noticed they'll have to play consistently well again which will only be good for us in the short-term.

 

Our team and squad is worth a lot more than some think and cost considerably less too than some go on about.

 

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8 minutes ago, kobayashi said:

Wages aren’t on a balance sheet...the unamortised fees paid are an asset on the balance sheet but the only way they can come off the balance sheet is by being charged through the Income Statement as an expense...not exactly what you want if you are trying to reduce losses.

The £21m loss per season includes wages, surely? It's not just player purchases/sales alone 

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11 minutes ago, sonofbert2 said:

We need to sell someone for really daft money like Lees or Reach who go on to bigger and better things so we don't feel too bad about it and at the same time sort us out with some proper dough to go again when we're allowed to.

 

Both these two still have that "could potentially be much better" quality still that Premier clubs chuck relatively silly money at without even blinking.

 

To get noticed they'll have to play consistently well again which will only be good for us in the short-term.

 

Our team and squad is worth a lot more than some think and cost considerably less too than some go on about.

 

 

Only worth what people are willing to pay and we’re not in a position to dictate and demand such fees. 

 

As always we buy too high and sell too low. 

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4 minutes ago, hawksmore said:

 

Only worth what people are willing to pay and we’re not in a position to dictate and demand such fees. 

 

As always we buy too high and sell too low. 

 

Do clubs have to disclose individual transfer fees in their accounts?  I'm guessing  no because there would be nothing gained in everyone going down the "undisclosed" route for a while now.

 

I am struggling to work out who we have paid out big money for?

 

There's obviously Rhodes but the Van Aken and Reach fees are known to be overstated, Abdi has been an expensive flop but shithappens and I can't think of anyone else who we've paid out really daft money for??

 

We were obviously paying proportions of wages for our past loan deals, Urby again was on big money but supposedly not as much as he stated and came with some pedigree and unfortunately some issues but again it could have come off.

 

We have undoubtedly wasted money but again I think it is overplayed a bit.

 

This is sll set against the backdrop of price increases but there is no doubting the huge increase in revenues.

 

One or two daft transfer deals in January could get close to pressing the reset button re. FFP so the question really is who do we have longer term with good potential?

 

Lees, Reach plus maybe one of the young uns who comes in and does well?

 

FF is the obvious one so take it as a given we'd both a) profit and b) save his wages. (This depends of course on what happens re. Mansfield).  You then have Hooper (if fit and firing again) Bannan, Adthe, Joao, Winall, Fletcher who all at the very least could command a loan fee + wages with a view to a permanent deal from clubs in the pack after Christmas.

 

None of this will matter because we're going up anyway.

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10 hours ago, Box_Man said:

One thing I would say is the increase in revenue from ticket sales despite only a 3% rise in attendances over the last couple of seasons kind of vindicate DCs strategy, i’m amazed it’s that high...clearly he thinks this is the way to get us out of this mess.

Your accounts publish it as match receipts and associated turnover, so the £16m match day figure quoted includes around £7m from TV money, PL solidarity payments and EFL central distributions. In the 14/15 accounts the associated turnover was around £3.5m, so your ticket price increase has probably added £3m. Still enough to vindicate his strategy I'd guess.

 

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The sad truth that we've spent more on paying players not to play thsn we have spent on them playing. 

So many players have been signed on massive wages and never played. Or there's been an inexplicably long delay in playing them by wihich time said players have become understanding disillusioned. 

I dont know of another club in the entire history of the game who has done this. 

Please feel free to name another such incompetent club such as ours. 

We have locked ourselves into massive contracts with a multitude of players who have rarely played. 

Why? 

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2 minutes ago, @owlstalk said:



FA Cup winners get £3,600,000 for winning it this season - nowhere near enough what we need (but it helps)

Don't forget we'll be offloading a few in Jan depending on league position.

 

So Play-offs, win FA Cup, sell Westwood for Quid2m and we're sorted, right?

Edited by DuttyTeabags
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Just now, DuttyTeabags said:

Don't forget we'll be offloading a few in Jan depending on league position.

 

So Play-offs, win FA Cup, sell Westwood for $2m and we're sorted, right?

 

That'll help yeah

Be about ten million so still not enough


Estimates have it at 12 million this season to find to just get free of embargo

Next season we have an even worse profit and loss situation if the other finance thread has it accurately. That means even more woes


And I'm not sure on whether we've spent all the five year season ticket money or not - if we have then we're really in the sh*t as all those with extended season tickets won't be contributing 

 


Owlstalk Shop

 

 

 

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9 minutes ago, @owlstalk said:

 

That'll help yeah

Be about ten million so still not enough


Estimates have it at 12 million this season to find to just get free of embargo

Next season we have an even worse profit and loss situation if the other finance thread has it accurately. That means even more woes


And I'm not sure on whether we've spent all the five year season ticket money or not - if we have then we're really in the sh*t as all those with extended season tickets won't be contributing 

 

And they didnt see this coming 12 months ago ?????.......................appalling mismanagement .

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