| Sports Republic - 87m in loss in 1st year 09:54 - Mar 4 with 4434 views | saints__fan__73 |
They're great aint they!
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| Sports Republic - 87m in loss in 1st year on 17:00 - Mar 4 with 1338 views | saints__fan__73 |
| Sports Republic - 87m in loss in 1st year on 16:54 - Mar 4 by grumpy |
Wasn't aware he was injured,no need for the sarcasm. |
Always the need for sarcasm Grumps old chap. | |
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| Sports Republic - 87m in loss in 1st year on 17:01 - Mar 4 with 1334 views | saintmark1976 |
According to the Southampton Echo £14.6 million was lost in changing our manager twice in the 22/23 season and we still managed to get relegated. Utterly unbelievable owners and board incompetence. |  |
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| Sports Republic - 87m in loss in 1st year on 17:04 - Mar 4 with 1322 views | grumpy |
| Sports Republic - 87m in loss in 1st year on 17:00 - Mar 4 by saints__fan__73 |
Always the need for sarcasm Grumps old chap. |
No there isn't. |  | | |
| Sports Republic - 87m in loss in 1st year on 18:15 - Mar 4 with 1283 views | GRIM |
The bottom line is :-
1) We can't afford to not get promoted.
2) We can't afford to play in the Premiership.
The plot thickens.
Like all clubs if you don't have an owner that's prepared to invest multi millions then you can't be too ambitious. | | | |
| Sports Republic - 87m in loss in 1st year on 21:09 - Mar 4 with 1194 views | cocklebreath |
| Sports Republic - 87m in loss in 1st year on 18:15 - Mar 4 by GRIM |
The bottom line is :-
1) We can't afford to not get promoted.
2) We can't afford to play in the Premiership.
The plot thickens.
Like all clubs if you don't have an owner that's prepared to invest multi millions then you can't be too ambitious. |
FFP means even with a rich owner you can’t over spend. I’m hoping all the sales and getting high earners of wsge bill will make a dent in the debt |  |
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| Sports Republic - 87m in loss in 1st year on 21:29 - Mar 4 with 1168 views | Bazza |
| Sports Republic - 87m in loss in 1st year on 13:07 - Mar 4 by PatfromPoole |
You won’t find anybody on here qualified to do that 😉 |
Why not? | | | |
| Sports Republic - 87m in loss in 1st year on 07:23 - Mar 5 with 1100 views | saint22 |
| Sports Republic - 87m in loss in 1st year on 13:51 - Mar 4 by 1885_SFC |
So the simple answer is - we'll have to win the play-off final at Wembley.
I sound like a stuck record, but we're not going to go up automatically - not with our defence and the amount of silly goals we concede (or RM's questionable team selections for that matter). It's sh1t or bust this season then - now or never.
No pressure then. |
This is why our failure to get decent defenders in plus another striker coupled with RM and his poor selection is fatal
Look at Kiefer moore, recall Perraud and I bet the picture would be different
Now its play offs | | | |
| Sports Republic - 87m in loss in 1st year on 07:47 - Mar 5 with 1086 views | City_boy |
| Sports Republic - 87m in loss in 1st year on 12:46 - Mar 4 by Manhattan_Lynx |
Are there any beancounters on here that can explain the double entry mechanics of transfers in and out? |
Players are considered an "intangible Asset". Which is slightly confusing as Intangible assets usually relate to assets like copy right, intellectual property etc. They appear in balance sheets at long term assets, calculated using the purchase price and any amortisation, where the contact is amortised over the period of the contract.
When a club buys a players (say £1m) , their Intangible assets will increase by £1m and cash decrease by £1m. | | | |
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| Sports Republic - 87m in loss in 1st year on 11:15 - Mar 5 with 1016 views | PatfromPoole |
| Sports Republic - 87m in loss in 1st year on 07:47 - Mar 5 by City_boy |
Players are considered an "intangible Asset". Which is slightly confusing as Intangible assets usually relate to assets like copy right, intellectual property etc. They appear in balance sheets at long term assets, calculated using the purchase price and any amortisation, where the contact is amortised over the period of the contract.
When a club buys a players (say £1m) , their Intangible assets will increase by £1m and cash decrease by £1m. |
A pedant writes.
It is unlikely that cash will decrease by £1 million, as the fee would be likely to be payable over the duration of the player's contract.
To quote Alfie House in the Echo yesterday....
"Saints were owed around just £4million in transfer fees with £2.5million to be paid within a year of June 2023 and a further £1.5million after more than one year.
However, Saints were obliged to pay £93million in transfer fees with £52.3million owed within a year and a further £40.6million due after more than one year. "
So we owe a sh1teload of cash for the dross which was bought last season.
This will be outweighed by monies due to come in from players sold since 1st July 2023, though quite a bit of that will again come in dribs and drabs over a few years (although if memory serves, I think the club were keen to sell to clubs who would pay a large proportion of the fee up front).
The fact that we were owed only £4 million at the end of June 2023 indicates that we tend to sell to clubs who will pay a large amount up front; obviously no bad thing. |  |
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| Sports Republic - 87m in loss in 1st year on 12:37 - Mar 5 with 989 views | City_boy |
| Sports Republic - 87m in loss in 1st year on 11:15 - Mar 5 by PatfromPoole |
A pedant writes.
It is unlikely that cash will decrease by £1 million, as the fee would be likely to be payable over the duration of the player's contract.
To quote Alfie House in the Echo yesterday....
"Saints were owed around just £4million in transfer fees with £2.5million to be paid within a year of June 2023 and a further £1.5million after more than one year.
However, Saints were obliged to pay £93million in transfer fees with £52.3million owed within a year and a further £40.6million due after more than one year. "
So we owe a sh1teload of cash for the dross which was bought last season.
This will be outweighed by monies due to come in from players sold since 1st July 2023, though quite a bit of that will again come in dribs and drabs over a few years (although if memory serves, I think the club were keen to sell to clubs who would pay a large proportion of the fee up front).
The fact that we were owed only £4 million at the end of June 2023 indicates that we tend to sell to clubs who will pay a large amount up front; obviously no bad thing. |
I agree, It is unlikely that cash will decrease by £1 million in my example, as the fee would likely be spread over a number of years.
I was simply answering the question asked about accounting. We obviously will only get what is agreed in the contract terms. | | | |
| Sports Republic - 87m in loss in 1st year on 13:37 - Mar 5 with 941 views | PaleRider |
| Sports Republic - 87m in loss in 1st year on 07:47 - Mar 5 by City_boy |
Players are considered an "intangible Asset". Which is slightly confusing as Intangible assets usually relate to assets like copy right, intellectual property etc. They appear in balance sheets at long term assets, calculated using the purchase price and any amortisation, where the contact is amortised over the period of the contract.
When a club buys a players (say £1m) , their Intangible assets will increase by £1m and cash decrease by £1m. |
Players are intangible assets because the asset is actually a license (or a contract to use that player for a defined period of time) - not the player themselves.
In Cityboy's example: the intangible asset increases by £1 million and cash goes down by a million if all paid immediately. If only half is paid immediately then cash goes down by £0.5million and creditors go up by £0.5m. The cash and creditors go down further as and when the money is actually paid.
Furthermore the intangible asset is amortised (depreciated) over the life of the contract. So if the contract is five years the intangible asset goes down by £200,000 per year - after say 1 year the intangible asset is now only £800,000 and there has been a £200,000 cost in the Profit & Loss Account.
Hope this helps but it probably just confuses further! | | | |
| Sports Republic - 87m in loss in 1st year on 21:15 - Mar 5 with 839 views | Ifonly |
| Sports Republic - 87m in loss in 1st year on 13:37 - Mar 5 by PaleRider |
Players are intangible assets because the asset is actually a license (or a contract to use that player for a defined period of time) - not the player themselves.
In Cityboy's example: the intangible asset increases by £1 million and cash goes down by a million if all paid immediately. If only half is paid immediately then cash goes down by £0.5million and creditors go up by £0.5m. The cash and creditors go down further as and when the money is actually paid.
Furthermore the intangible asset is amortised (depreciated) over the life of the contract. So if the contract is five years the intangible asset goes down by £200,000 per year - after say 1 year the intangible asset is now only £800,000 and there has been a £200,000 cost in the Profit & Loss Account.
Hope this helps but it probably just confuses further! |
In Saints case, some of the players are classed as intangible assets because there was no tangible value in signing them in the first place.
Unfortunately the category "Total Feckin Waste of Money" isn't recognised in IFRS accounting standards. | | | |
| Sports Republic - 87m in loss in 1st year on 21:18 - Mar 5 with 837 views | PatfromPoole |
Just seen that Aston Villa lost £120 million in the same period.
Not just us, then….
I imagine sacking Gerrard cost them a fair few quid. [Post edited 5 Mar 21:20]
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| Sports Republic - 87m in loss in 1st year on 15:09 - Mar 6 with 724 views | TripleNiemi |
| Sports Republic - 87m in loss in 1st year on 11:54 - Mar 4 by saints__fan__73 |
I can remember the days when your financial sensibilities were set off by a £4m over run on a building project.
Now we are losing hundreds of millions.
Oh how times have changed... |
To be fair, those gold taps were worth every penny and Cortese deserved nothing but the best. He sure got a return for his dear pal Markus and family |  |
| Ready and waiting to mop up those European places...... |
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| Sports Republic - 87m in loss in 1st year on 15:12 - Mar 6 with 719 views | saints__fan__73 |
| Sports Republic - 87m in loss in 1st year on 15:09 - Mar 6 by TripleNiemi |
To be fair, those gold taps were worth every penny and Cortese deserved nothing but the best. He sure got a return for his dear pal Markus and family |
Didn't he just.
A L1 club bought (stadium, training ground et al) for £13m and eventually sold as a PL club for near quarter of a billion!
Best investment the Liebherrs ever made! | |
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| Sports Republic - 87m in loss in 1st year on 15:14 - Mar 6 with 713 views | TripleNiemi |
| Sports Republic - 87m in loss in 1st year on 18:15 - Mar 4 by GRIM |
The bottom line is :-
1) We can't afford to not get promoted.
2) We can't afford to play in the Premiership.
The plot thickens.
Like all clubs if you don't have an owner that's prepared to invest multi millions then you can't be too ambitious. |
The Gao debacle certainly did not help…… | |
| Ready and waiting to mop up those European places...... |
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