ramblur Posted March 26, 2012 Share Posted March 26, 2012 You're such a blind faither when it comes to GSE accounts 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/wink' class='bbc_emoticon' alt=';)' /> Just realised I did an involuntary Desmond 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/biggrin' class='bbc_emoticon' alt=':D' /> Link to comment Share on other sites More sharing options...
ramblur Posted March 27, 2012 Share Posted March 27, 2012 You're such a blind faither when it comes to GSE accounts 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/wink' class='bbc_emoticon' alt=';)' /> Not quite so blind-I predict £7.5m loss on ordinary business(end figure). Link to comment Share on other sites More sharing options...
sage Posted March 27, 2012 Share Posted March 27, 2012 Will this mean we have £7.5m more debt or will the owners have subsidised us for £7.5m? Link to comment Share on other sites More sharing options...
ramblur Posted March 27, 2012 Share Posted March 27, 2012 Will this mean we have £7.5m more debt or will the owners have subsidised us for £7.5m? Headline loss includes paper (non cash) transactions,Sage.I reckon the cash loss may be around £3m,and this will have been subsidised (we know they put in at least £5.6m that year).Don't take my prediction too seriously-there are far too many uncertainties and I made several assumptions just to come up with a guess.Bit like 'guess the score' really. Link to comment Share on other sites More sharing options...
G STAR RAM Posted March 28, 2012 Author Share Posted March 28, 2012 Is this a new signing? Or have we really converted from a football club to an economics club? The excitement a balance sheet is creating is actually frightening. Its nothing to do with balance sheet creating excitement. A lot of posters on here believe that DCFCs finishing position is directly linked to how much cash our owners have put in, so these accounts should help show us our finishing position a month before the end of the season. Link to comment Share on other sites More sharing options...
RamOfKansas Posted March 28, 2012 Share Posted March 28, 2012 Its nothing to do with balance sheet creating excitement. A lot of posters on here believe that DCFCs finishing position is directly linked to how much cash our owners have put in, so these accounts should help show us our finishing position a month before the end of the season. So we'll be near the bottom of the table then? 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/huh' class='bbc_emoticon' alt=':huh:' /> Link to comment Share on other sites More sharing options...
G STAR RAM Posted March 28, 2012 Author Share Posted March 28, 2012 Well £5.6million (if confirmed) would be a sizeable cash injection for a team in this division, however, if going on money spent on players then we are probably below where we should be. Link to comment Share on other sites More sharing options...
RamOfKansas Posted March 28, 2012 Share Posted March 28, 2012 Maybe I don't understand. I always thought we didn't pay as much as a lot of the teams? I really have no real way to follow these sort of financial things. Does anyone know where a good source for this kinda stuff could be found? Link to comment Share on other sites More sharing options...
Day Posted March 28, 2012 Share Posted March 28, 2012 Maybe I don't understand. I always thought we didn't pay as much as a lot of the teams? I really have no real way to follow these sort of financial things. Does anyone know where a good source for this kinda stuff could be found? Bookmark this thread and grab a calculator Link to comment Share on other sites More sharing options...
G STAR RAM Posted March 28, 2012 Author Share Posted March 28, 2012 Maybe I don't understand. I always thought we didn't pay as much as a lot of the teams? I really have no real way to follow these sort of financial things. Does anyone know where a good source for this kinda stuff could be found? I think most of it is based on speculation these days as a large number of signing are 'undisclosed' Link to comment Share on other sites More sharing options...
McRamFan Posted March 28, 2012 Share Posted March 28, 2012 I think most of it is based on speculation these days as a large number of signing are 'undisclosed' aka pittance Link to comment Share on other sites More sharing options...
chesapeake Posted March 30, 2012 Share Posted March 30, 2012 Posted now at Companies House. Let war begin in the next few days, when access is gained. Should be interesting on here. Link to comment Share on other sites More sharing options...
uttoxram75 Posted March 31, 2012 Share Posted March 31, 2012 Its always interesting but the truth is that most people don't have a clue about accounts. And its always a year behind. I'm off on account that I'm pissed.................. 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/laugh' class='bbc_emoticon' alt=':lol:' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/laugh' class='bbc_emoticon' alt=':lol:' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/tongue' class='bbc_emoticon' alt=':P' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/biggrin' class='bbc_emoticon' alt=':D' /> Link to comment Share on other sites More sharing options...
observer Posted March 31, 2012 Share Posted March 31, 2012 on thisisderbyshire DERBY County made a loss of £7.7m in the last financial year. And the club's accounts, published today, reveal that the debt has risen from £19.1m to £25.5m – although the difference is in the form of an interest-free loan from the owners. Pride Park The loss was up from £2.2m on the previous 12 months, while turnover was down more than £11m from £29.8m to £18.1m in what was the Rams' third season back in the Championship and their first without Premier League parachute money. The latest accounts cover the period ending June 2011. Derby's wage bill for all members of the club's staff was reduced from £14.5m to £11.6m. Players' wages made up a large chunk of that figure. The current wage bill for players is between £9m and £10m now and will be lower next season. The club will not reveal what the figure will be as they believe such information does not help when dealing with other clubs and agents. The package of the club's highest-paid director amounted to £277,802, although the identity of the director is not revealed in the accounts. Match receipts fell almost £800,000 from £6.3m to around £5.5m. Sponsorship and advertising was down slightly to around £2.1m as was merchandising to around £1.5m. Commercial activities were up from £2.9m to just over £3m. The figure for TV receipts, which includes the parachute payment offset by the solidarity payment received by clubs in the Football League, was down from almost £16m to around £5.2m. The club's "third-party" debt remains around £19m, the same as it was 12 months ago, and there is no repayment schedule for the interest-free loan. Chief executive Tom Glick said: "We are in the same place in terms of third-party debt, which is a loan on the stadium and the property of £15m, and we have a season-ticket facility that has been in place for a number of years now. So between the two that puts us at £19m. "The owners have continued to fund the club. They put in another £7m in the year ending June 2011. "Since then, there has been another £6m put in and much of that funding has come in loan capital from the owners but it is not third-party debt. "There is not an expectation of repayment. "That money is in and it is funding the ongoing operations of the club and I think it is to their credit that they have continued to do that." Glick said the owners had invested nearly £30m to meet the working capital needs of the club since they arrived in January 2008. Commenting on the accounts, vice president of finance Mal Brannigan said the figures should not come as a surprise. He added: "2010-11 was always going to be a tough year as we moved away from the safety net of parachute payments. "The owners, working with the executive team and football management, remain focused on building a club which, in the long run, will be both successful, stable and play a leading role in the community. "Success does not come overnight but the past year has seen real progress both on and off the field." Derby expect to make another loss this year and Glick said the owners were prepared to keep backing the club over the coming years. "That said, we are moving towards a balanced budget model," said Glick. "We are not there yet. This year again we will lose on operations about what we did in the year we are talking about but going forward, we are committed to getting to a balanced budget model. "The era of financial fair play is coming and so all clubs will be changing their spending behaviour on players' wages to put themselves into a near-balancing position. "We feel we are very well prepared, so we expect going forward that owner-funding would not be required but they will always have the back of Derby County and we are committed to balancing and winning going forward. "The Championship has very clearly said ongoing losses and high-level losses just cannot continue otherwise more football clubs will go out of business and more owners will decide that they just cannot carry on. "We feel we are uniquely well positioned because we have already shaped ourselves up to thrive in that environment. "We are committed to running a balanced budget but I also want to make it clear we want to win and we think it is doable. "It doesn't mean it is easy but we want to be spending smarter and getting results and not just spending more than other clubs." Derby signed six new players in May and June of last year just before the end of the period covered by the latest accounts. In came Frank Fielding, Jamie Ward, Theo Robinson, Craig Bryson, Nathan Tyson and Jason Shackell. The Rams have shown an improvement in terms of points and places in the table. They are on course for their best season since 2006-7 and they are eyeing only their third top-half finish in nine seasons at Championship level. Derby say the influx of players last summer was an essential part of the long-term approach of injecting quality and depth to the team but the signings, along with contract renewals, contributed to the loss reported in the accounts. Glick has hinted that this summer will be more about moving the squad around rather than just adding new players. "We were in a completely different position a year ago than we are today, both in terms of where we sit in the table and the attributes and quality in the team," said Glick. "We are also committed to running not only a balanced budget but, as a part of that, running a tight squad. "Nigel Clough and the coaching staff would like to run a tight squad with circa 20 players plus the kids. We have some great kids coming through. "So it is probably a matter of tinkering and changing things to get the pieces that are missing rather than just adding players and adding costs. "We are focused on having the best quality squad that we can balance on and I think that will mean certain players may go in order to make room for something different that will improve us. "So those are the types of things and options that Nigel and his team are looking at right now." Player who have barely featured this season and could be surplus to requirements next season are Lee Croft, Miles Addison and Chris Maguire. All are currently out on loan. The three clubs relegated from the Premier League this season will be armed with £48m of parachute money spread over four years. Asked how much of an advantage this will be to those clubs, Glick said: "We are all nervous about that but parachute payments have been around for a number of years. "The reality is that many clubs do come down with big problems. They have financial issues to sort out. "Will the parachute clubs be a threat? Of course, but I don't think as big a threat as people think they might be." Higher than what some people had thought Link to comment Share on other sites More sharing options...
Gary Teale Posted March 31, 2012 Share Posted March 31, 2012 on thisisderbyshire DERBY County made a loss of £7.7m in the last financial year. And the club's accounts, published today, reveal that the debt has risen from £19.1m to £25.5m – although the difference is in the form of an interest-free loan from the owners. Pride Park The loss was up from £2.2m on the previous 12 months, while turnover was down more than £11m from £29.8m to £18.1m in what was the Rams' third season back in the Championship and their first without Premier League parachute money. The latest accounts cover the period ending June 2011. Derby's wage bill for all members of the club's staff was reduced from £14.5m to £11.6m. Players' wages made up a large chunk of that figure. The current wage bill for players is between £9m and £10m now and will be lower next season. The club will not reveal what the figure will be as they believe such information does not help when dealing with other clubs and agents. The package of the club's highest-paid director amounted to £277,802, although the identity of the director is not revealed in the accounts. Match receipts fell almost £800,000 from £6.3m to around £5.5m. Sponsorship and advertising was down slightly to around £2.1m as was merchandising to around £1.5m. Commercial activities were up from £2.9m to just over £3m. The figure for TV receipts, which includes the parachute payment offset by the solidarity payment received by clubs in the Football League, was down from almost £16m to around £5.2m. The club's "third-party" debt remains around £19m, the same as it was 12 months ago, and there is no repayment schedule for the interest-free loan. Chief executive Tom Glick said: "We are in the same place in terms of third-party debt, which is a loan on the stadium and the property of £15m, and we have a season-ticket facility that has been in place for a number of years now. So between the two that puts us at £19m. "The owners have continued to fund the club. They put in another £7m in the year ending June 2011. "Since then, there has been another £6m put in and much of that funding has come in loan capital from the owners but it is not third-party debt. "There is not an expectation of repayment. "That money is in and it is funding the ongoing operations of the club and I think it is to their credit that they have continued to do that." Glick said the owners had invested nearly £30m to meet the working capital needs of the club since they arrived in January 2008. Commenting on the accounts, vice president of finance Mal Brannigan said the figures should not come as a surprise. He added: "2010-11 was always going to be a tough year as we moved away from the safety net of parachute payments. "The owners, working with the executive team and football management, remain focused on building a club which, in the long run, will be both successful, stable and play a leading role in the community. "Success does not come overnight but the past year has seen real progress both on and off the field." Derby expect to make another loss this year and Glick said the owners were prepared to keep backing the club over the coming years. "That said, we are moving towards a balanced budget model," said Glick. "We are not there yet. This year again we will lose on operations about what we did in the year we are talking about but going forward, we are committed to getting to a balanced budget model. "The era of financial fair play is coming and so all clubs will be changing their spending behaviour on players' wages to put themselves into a near-balancing position. "We feel we are very well prepared, so we expect going forward that owner-funding would not be required but they will always have the back of Derby County and we are committed to balancing and winning going forward. "The Championship has very clearly said ongoing losses and high-level losses just cannot continue otherwise more football clubs will go out of business and more owners will decide that they just cannot carry on. "We feel we are uniquely well positioned because we have already shaped ourselves up to thrive in that environment. "We are committed to running a balanced budget but I also want to make it clear we want to win and we think it is doable. "It doesn't mean it is easy but we want to be spending smarter and getting results and not just spending more than other clubs." Derby signed six new players in May and June of last year just before the end of the period covered by the latest accounts. In came Frank Fielding, Jamie Ward, Theo Robinson, Craig Bryson, Nathan Tyson and Jason Shackell. The Rams have shown an improvement in terms of points and places in the table. They are on course for their best season since 2006-7 and they are eyeing only their third top-half finish in nine seasons at Championship level. Derby say the influx of players last summer was an essential part of the long-term approach of injecting quality and depth to the team but the signings, along with contract renewals, contributed to the loss reported in the accounts. Glick has hinted that this summer will be more about moving the squad around rather than just adding new players. "We were in a completely different position a year ago than we are today, both in terms of where we sit in the table and the attributes and quality in the team," said Glick. "We are also committed to running not only a balanced budget but, as a part of that, running a tight squad. "Nigel Clough and the coaching staff would like to run a tight squad with circa 20 players plus the kids. We have some great kids coming through. "So it is probably a matter of tinkering and changing things to get the pieces that are missing rather than just adding players and adding costs. "We are focused on having the best quality squad that we can balance on and I think that will mean certain players may go in order to make room for something different that will improve us. "So those are the types of things and options that Nigel and his team are looking at right now." Player who have barely featured this season and could be surplus to requirements next season are Lee Croft, Miles Addison and Chris Maguire. All are currently out on loan. The three clubs relegated from the Premier League this season will be armed with £48m of parachute money spread over four years. Asked how much of an advantage this will be to those clubs, Glick said: "We are all nervous about that but parachute payments have been around for a number of years. "The reality is that many clubs do come down with big problems. They have financial issues to sort out. "Will the parachute clubs be a threat? Of course, but I don't think as big a threat as people think they might be." Higher than what some people had thought So we are basically more in debt and running at a loss? Link to comment Share on other sites More sharing options...
davenportram Posted March 31, 2012 Share Posted March 31, 2012 7.6m loss plus the £6m loan means we were short of £13m. But turnover was down 11m so we made no strides forward on last season then . Link to comment Share on other sites More sharing options...
G STAR RAM Posted March 31, 2012 Author Share Posted March 31, 2012 7.6m loss, up 5 million on last season but with 11m drop in revenue. Difference made up by an interest free loan with no expectation of repayment. so that's really a £13m loss. . No the loss is £7.6million, the owners inject cash to cover that loss. Interesting to see that there cash injections are now in the form of interest free loans rather than capital. Not sure on the reasons behind this. My guess would be that not all of the investors are continuing to put money in. Link to comment Share on other sites More sharing options...
Gary Teale Posted March 31, 2012 Share Posted March 31, 2012 Sack the board, sack the board, sack the board. 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/biggrin' class='bbc_emoticon' alt=':D' /> Link to comment Share on other sites More sharing options...
davenportram Posted March 31, 2012 Share Posted March 31, 2012 http://www.dcfc.co.uk/page/NewsDetail/0,,10270~2693205,00.html From this Total wages down to £11m from £14m - that's total staff wages. Highest paid direct just under 300k . Link to comment Share on other sites More sharing options...
davenportram Posted March 31, 2012 Share Posted March 31, 2012 Thanks GStar - are we looking healthy then? . Link to comment Share on other sites More sharing options...
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