NUFC annual accounts for the year up to June 30, 2017

User avatar
Tsi
Whiskey Club Member
Whiskey Club Member
Posts: 11515
Joined: Wed Feb 01, 2012 8:08 pm
Location: Up North

NUFC annual accounts for the year up to June 30, 2017

Postby Tsi » Fri May 18, 2018 1:21 pm

Tsi wrote:
Newcastle returned to the Premier League at the first attempt last season, but the club's year in English football's second tier, during which it had an average home attendance of 51,108, came at a cost.
United recorded an operation loss of £90.9million and turned over £85.7million, down from 125.8million the previous year. The club's loss after tax was £41.3million.
Newcastle's wage bill was a staggering £112.2million. This figure, according to the club, included "promotion bonuses and onerous contract provisions totalling just over £30million". The wage bill was the highest in the history of the Football League. United's wages to turnover ratio was 130.9%, up from 59.4% the previous season.
Owner Mike Ashley made a further interest-free loan of £15million to the club last year, taking the total debt to £144million. Managing director Lee Charnley revealed that the fees the club got from the sales of a number of players in summer of 2016 – Moussa Sissoko and Georginio Wijnaldum left the club after relegation – were payable over four years.


Full article here https://www.shieldsgazette.com/sport/football/newcastle-united/newcastle-reveal-huge-loss-for-year-in-championship-1-9170781

User avatar
Bodacious Benny
Whiskey Club Member
Whiskey Club Member
Posts: 23854
Joined: Sat Feb 04, 2012 11:18 am

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Bodacious Benny » Fri May 18, 2018 1:33 pm

That's why Ashley says that Rafa can have every penny that the club generates, as last year that was nothing (worse than nothing...). So technically he never lied <laugh>
I'm the scumbag outlaw. You're the pillar of justice. Neither of us like looking at ourselves in the mirror. Do we have a deal?

User avatar
ALF
Sleep is for Pussies
Sleep is for Pussies
Posts: 20142
Joined: Wed Feb 01, 2012 6:46 pm
Location: Down Sowf

Re: NUFC annual accounts for the year up to June 30, 2017

Postby ALF » Fri May 18, 2018 1:57 pm

The transfer fee for Sissoko was payable over 4 years. Reminds me of Spurs fans all saying they could sell him after a year and he'd only cost them £6m <laugh>

User avatar
Bodacious Benny
Whiskey Club Member
Whiskey Club Member
Posts: 23854
Joined: Sat Feb 04, 2012 11:18 am

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Bodacious Benny » Fri May 18, 2018 2:39 pm

ALF wrote:The transfer fee for Sissoko was payable over 4 years. Reminds me of Spurs fans all saying they could sell him after a year and he'd only cost them £6m <laugh>


Yeah, great logic wasn't it <laugh>
I'm the scumbag outlaw. You're the pillar of justice. Neither of us like looking at ourselves in the mirror. Do we have a deal?

User avatar
I'm over Colo
Forum Legend
Forum Legend
Posts: 8655
Joined: Fri Feb 03, 2012 12:57 am
Location: Toronto

Re: NUFC annual accounts for the year up to June 30, 2017

Postby I'm over Colo » Fri May 18, 2018 2:42 pm

Also, the 112m wage bill shows why a 120m transfer kitty after like 120m in revenue is maybe a bit unrealistic...

User avatar
Don Sholeone
Avoids Death. Until it Matters.
Avoids Death. Until it Matters.
Posts: 8486
Joined: Tue Feb 07, 2012 2:41 pm

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Don Sholeone » Fri May 18, 2018 3:01 pm

Apparently the wage bill contained wages that were yet to be paid, supposedly making up around £30m+

I do find it bizzare that we get rid of some of our biggest earners and the wage bill then increases by nearly 40m, something isn't right there, a few people who claim to work in accounting are claiming they are deliberately misleading with what they have made public.

Also, if our accounts are so horrific and we are so destitute then how come we have suddenly sprung from £300m club to a £400m one <laugh>
TINO'S ON FIRE BARCELONA'S TERRIFIED

Image

User avatar
R&B
Veteran Poster
Veteran Poster
Posts: 4142
Joined: Tue May 14, 2013 6:52 am
Location: Yes.
Contact:

Re: NUFC annual accounts for the year up to June 30, 2017

Postby R&B » Fri May 18, 2018 3:53 pm

Don Sholeone wrote:Apparently the wage bill contained wages that were yet to be paid, supposedly making up around £30m+

I do find it bizzare that we get rid of some of our biggest earners and the wage bill then increases by nearly 40m, something isn't right there, a few people who claim to work in accounting are claiming they are deliberately misleading with what they have made public.

Also, if our accounts are so horrific and we are so destitute then how come we have suddenly sprung from £300m club to a £400m one <laugh>

Actually it isn't that strange <ashley>
Image

User avatar
Heisen
Stallsenberg
Stallsenberg
Posts: 9003
Joined: Fri Feb 10, 2012 10:21 am

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Heisen » Fri May 18, 2018 4:11 pm

So we sold Sissoko, Wijnaldum, Janmaat, Townsend, Cabella, Cisse, Tiote and Coloccini, but the wage bill went up by £40m? Something seems off to me there.

This for me is just the club getting their hand in early to justify the fiscal belt-tightening this summer. Doesn't bode well at all, this year's money will just be used to wipe out the loss from last year. Therefore Rafa's summer and January budgets will come from the change - and there'll be very little left. Depressing stuff.
Image

User avatar
Tsi
Whiskey Club Member
Whiskey Club Member
Posts: 11515
Joined: Wed Feb 01, 2012 8:08 pm
Location: Up North

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Tsi » Fri May 18, 2018 5:02 pm

Would you guys prefer to go the route of the majority of clubs and go back to paying for players in instalments or stick to our pay up front policy?
Asking because it was discussed earlier today and there is pros/cons to both.Just wondered what you guys thought.

User avatar
PTAO
Avoids Death. Until it Matters.
Avoids Death. Until it Matters.
Posts: 8355
Joined: Fri Feb 03, 2012 9:42 pm
Location: Manchester

Re: NUFC annual accounts for the year up to June 30, 2017

Postby PTAO » Fri May 18, 2018 5:59 pm

Tsi wrote:Would you guys prefer to go the route of the majority of clubs and go back to paying for players in instalments or stick to our pay up front policy?
Asking because it was discussed earlier today and there is pros/cons to both.Just wondered what you guys thought.


If it costs the same, it makes sense to delay payments.

Rob lee from the half way line
Mitro's Madness
Posts: 60
Joined: Wed Feb 08, 2012 5:17 pm

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Rob lee from the half way line » Fri May 18, 2018 6:27 pm

Tsi wrote:Would you guys prefer to go the route of the majority of clubs and go back to paying for players in instalments or stick to our pay up front policy?
Asking because it was discussed earlier today and there is pros/cons to both.Just wondered what you guys thought.


Not sure why it would have to be an either or approach. Why not all small to medium priced players paid up front and larger fees (ie players you expect/hope to be at the club for 3-5 years) paid over 2-3 seasons.

Colly
Veteran Poster
Veteran Poster
Posts: 4569
Joined: Fri Feb 03, 2012 6:44 pm
Location: Billingham

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Colly » Fri May 18, 2018 6:40 pm

I couldn't give a toss.
Geordie Gashead wrote:Can't be bothered looking through 26 pages. Has anyone PM'ed Warm Pouch, Colly NUFC or Clarence Acuna? Three of the best posters imo.


Got tired of C&Ping my thoughts on Danny Simpson every two months, so:
http://toonforum.co.uk/viewtopic.php?f=3&t=798&p=48448#p48448

Tl:dr? He's a bellend

User avatar
Tsi
Whiskey Club Member
Whiskey Club Member
Posts: 11515
Joined: Wed Feb 01, 2012 8:08 pm
Location: Up North

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Tsi » Fri May 18, 2018 6:49 pm

Rob lee from the half way line wrote:
Tsi wrote:Would you guys prefer to go the route of the majority of clubs and go back to paying for players in instalments or stick to our pay up front policy?
Asking because it was discussed earlier today and there is pros/cons to both.Just wondered what you guys thought.


Not sure why it would have to be an either or approach. Why not all small to medium priced players paid up front and larger fees (ie players you expect/hope to be at the club for 3-5 years) paid over 2-3 seasons.


I just heard a discussion for either or so i guess they were talking about big transfers or lack of if you have tight budgets and pay up front. Personally i'm not that bothered just wondered what people thought.
The argument for staggered payments was for the 12m we payed for Murphy we could have got him plus a big signing or him and 2 or 3 others. The argument against of course is you'll be paying 12m for the next 4 years with nothing coming in for it.
Last edited by Tsi on Fri May 18, 2018 8:01 pm, edited 2 times in total.

User avatar
I'm over Colo
Forum Legend
Forum Legend
Posts: 8655
Joined: Fri Feb 03, 2012 12:57 am
Location: Toronto

Re: NUFC annual accounts for the year up to June 30, 2017

Postby I'm over Colo » Fri May 18, 2018 7:12 pm

PTAO wrote:
Tsi wrote:Would you guys prefer to go the route of the majority of clubs and go back to paying for players in instalments or stick to our pay up front policy?
Asking because it was discussed earlier today and there is pros/cons to both.Just wondered what you guys thought.


If it costs the same, it makes sense to delay payments.

I have to think though most clubs would ask for a higher price if being paid over a longer time, even though we rarely hear that level of detail about negotiations.

User avatar
Tsi
Whiskey Club Member
Whiskey Club Member
Posts: 11515
Joined: Wed Feb 01, 2012 8:08 pm
Location: Up North

Re: NUFC annual accounts for the year up to June 30, 2017

Postby Tsi » Fri May 18, 2018 8:04 pm

I'm over Colo wrote:
PTAO wrote:
If it costs the same, it makes sense to delay payments.

I have to think though most clubs would ask for a higher price if being paid over a longer time, even though we rarely hear that level of detail about negotiations.


Probably why the market is inflated in the first place.

User avatar
PTAO
Avoids Death. Until it Matters.
Avoids Death. Until it Matters.
Posts: 8355
Joined: Fri Feb 03, 2012 9:42 pm
Location: Manchester

Re: NUFC annual accounts for the year up to June 30, 2017

Postby PTAO » Fri May 18, 2018 8:31 pm

I'm over Colo wrote:
PTAO wrote:
If it costs the same, it makes sense to delay payments.

I have to think though most clubs would ask for a higher price if being paid over a longer time, even though we rarely hear that level of detail about negotiations.


Yeah in that case you need to weigh out the increase in cost vs the benefits of liquid cash.


Return to “Football Discussion”

Who is online

Users browsing this forum: The Deluded Pablo Diego Jose Francisco and 3 guests