Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 Maybe Ellis will buy us back for £1 Link to comment Share on other sites More sharing options...
Avfc96 Posted February 28, 2014 Share Posted February 28, 2014 Had to skim through it all... so we made a loss of £42m last year?! Yep. Link to comment Share on other sites More sharing options...
theboyangel Posted February 28, 2014 Share Posted February 28, 2014 Randy waiving £90m of loans is huge.... does make me wonder if it is anything to do with getting the club prepped for a viable sale? Link to comment Share on other sites More sharing options...
villarule123 Posted February 28, 2014 VT Supporter Share Posted February 28, 2014 That worries more than anything then... We must have one of the lowest wage bills in the PL now surely, yet we still lose £42m Bent + Ireland + Hutton + Given add up to about £12.5m a year combined, how the **** are we losing £42m??? Without those players we have a Championship wage budget. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 Looking forward to Risso breaking all the info down for us. Link to comment Share on other sites More sharing options...
Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 I don't think anyone can question Lerners commitment anymore Link to comment Share on other sites More sharing options...
samjp26 Posted February 28, 2014 Share Posted February 28, 2014 Does anybody have access to the actual financial docs? Link to comment Share on other sites More sharing options...
slovenian Posted February 28, 2014 Share Posted February 28, 2014 Aston Villa FC - Proud History, Stable Finances 2 Link to comment Share on other sites More sharing options...
briny_ear Posted February 28, 2014 Share Posted February 28, 2014 I think we already knew the info about the £90m, didn't we? (Been the subject of a separate thread, I'm sure.) These figures look to me very much like we would have expected, but I await those more expert at reading accounts to comment. Link to comment Share on other sites More sharing options...
maqroll Posted February 28, 2014 Share Posted February 28, 2014 (edited) Randy waiving £90m of loans is huge.... does make me wonder if it is anything to do with getting the club prepped for a viable sale? Seems that way, doesn't it? Edited February 28, 2014 by maqroll Link to comment Share on other sites More sharing options...
MessiWillSignForVilla Posted February 28, 2014 Share Posted February 28, 2014 I think we already knew the info about the £90m, didn't we? (Been the subject of a separate thread, I'm sure.) These figures look to me very much like we would have expected, but I await those more expert at reading accounts to comment. Well, we knew that £90m had been put in the club, or the trust, or something like that. I don't think it was actually clear what had been done and why. Link to comment Share on other sites More sharing options...
Risso Posted February 28, 2014 Share Posted February 28, 2014 Does anybody have access to the actual financial docs? No, not yet. The club are doing what they did last year. Talking about the accounts before they're available to download on Companies House. That way they can put their spin on a set of numbers, which on the basis of the limited headlines so far, sound very, very bad indeed. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 Does anybody have access to the actual financial docs? No, not yet. The club are doing what they did last year. Talking about the accounts before they're available to download on Companies House. That way they can put their spin on a set of numbers, which on the basis of the limited headlines so far, sound very, very bad indeed. I know you explained it before with blandy but would you mind explaining again? What does this £90 million thing mean to us? Link to comment Share on other sites More sharing options...
villarule123 Posted February 28, 2014 VT Supporter Share Posted February 28, 2014 Does anybody have access to the actual financial docs? No, not yet. The club are doing what they did last year. Talking about the accounts before they're available to download on Companies House. That way they can put their spin on a set of numbers, which on the basis of the limited headlines so far, sound very, very bad indeed. I know you explained it before with blandy but would you mind explaining again? What does this £90 million thing mean to us? Surely it means either he; 1. Loves the club dearly and has wiped out £90m of debt out of the goodness of his heart or 2. Wants the club to be debt free to make the club more attractive to buyers. Probably/certainly number 2. Link to comment Share on other sites More sharing options...
snowychap Posted February 28, 2014 Share Posted February 28, 2014 Losses of £43m gulp. Losses of £51.8m. Link to comment Share on other sites More sharing options...
Big_John_10 Posted February 28, 2014 Share Posted February 28, 2014 So did Faulkner lie to the trust back in October then? Link to comment Share on other sites More sharing options...
Electric Avenue Posted February 28, 2014 Share Posted February 28, 2014 Losses of £43m gulp. Losses of £51.8m. Worse than last set of accounts then Link to comment Share on other sites More sharing options...
sharkyvilla Posted February 28, 2014 Share Posted February 28, 2014 This is the season before the increase in TV money. With the increased cost cutting this year and the extra £60m? TV money, plus Randy writing off £90m in the money he's put in, does that mean we are actually currently quite well off? Hence why it says the club is self-sustainable. I may be completely wrong. 1 Link to comment Share on other sites More sharing options...
MessiWillSignForVilla Posted February 28, 2014 Share Posted February 28, 2014 So did Faulkner lie to the trust back in October then? Surely he meant for October time or the end of this season? These are the accounts for last season, with players like Ireland, Bent(partially) and Makoun leaving, the wage bill should have been reduced even more so. Plus as sharky said, the new TV money should be getting paid out this year. Saying that, I find it hard to believe we would have increased our revenue by £40-50m. Link to comment Share on other sites More sharing options...
P3te Posted February 28, 2014 Share Posted February 28, 2014 Interesting that the statement says the club is now self sufficient, albeit not at the time the figures cover. what I want to know is what the feck we spent £130m+ on... Link to comment Share on other sites More sharing options...
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