Wfc Finances

Proper business that!

 

No problem with Success coming here when he did, he got a decent amount of chances initially but flubbed them, but Penaranda couldn't even get a work permit yet we fobbed him off to Udinese when we could at the very least have sent him back out to Spain

 

Totally forgot Penaranda existed. Pretty sure I just assumed him and Cucho were the same person.

 

Don't worry, still got another year on his contract after this, he'll be back in the summer and... just like a new signing!

 

Just think how much money we will be making from all these loans !

 

Bournemouth's accounts out. They obviously did very well out of player sales but also cut their wage bill almost in half due to relegation clauses. Ended up with a £17m profit despite relegation.

Be interesting to see how we stack up against that, should be any day now...

 

This includes 'forward funding' of £9.2 million.
£7.8million is still healthy.
I imagine our figures will be grim, very grim.
Even now, l think we are very close to the edge of a very steep cliff.

 

Thanks to their billionaire owner surely?

 

Breakdown here. Does look like they have a mountain of debt too but not sure how much of that are loans from the Russian billionaire owner and how much is external.

Price Of Football (@KieranMaguire) Tweeted:
Russian owned Bournemouth publish their 2020/21 accounts. figures
Revenue £77m ⬇️ 25%
Wages £57m ⬇️47%
Operating loss £33m ⬇️56%
Player sale profits £56m ⬆️143%
Player purchases £7m
Player sales £68m
Loans £165m ⬆️30% #AFCB https://twitter.com/KieranMaguire/status/1508812408554414084?s=20&t=CP9t2L1S4cRjWhWP9Gcgtg

 

Also (and I don’t know if we did this too - we’ll find out soon) they included all the Project Restart revenue (rather than sticking with a June 30 year end) in their accounts this year which is an option some club availed themselves of.

 

The reason their results look fine is due to the £68m player sales shown in the detail above. £68m! Presume largely profit on sale of Ake to city for c£60m wasn’t it ? If we had sold Sarr and Pedro our results might have looked great and we might have missed promotion too?
If they are Russian owned why haven’t they been given “the Chelsea treatment”?

 

Looking forward to the meltdown when our figures are released. The COG army on Twitter will be insisting all is well despite everything telling them otherwise.

 

We should be in a better place than last relegation hopefully. That time was completely out of the blue and we had just spent £30-£40m on Sarr. Covid caused lost match day revenues and destroyed the market price of our assets that we could have otherwise cashed in on to reduce debt. This time it will have been seen as a realistic possibility, we spent less during the summer, added relegation clauses where we could, and don't have covid destroying asset values and matchday revenues. Relegation is never going to be easy though, esp if we don't bounce back during parachute period.

 

“Don’t you use debt to run your business?”

 

We’ve only really got two saleable assets this time round, and one their values will be destroyed by having only two years on his deal and an active agreement that he will be leaving the club.

 

"COG army"

 

2 years is fine. Sarr will be worth more than he would have been in the covid market. We didn't have many marketable assets last time - Doucoure, crocked Deulofeu, Capoue & Pereyra off form and disinterested, and all in a covid impacetd market place. Plus the long term issues of Deeney, Gray, etc. I think we will be better placed than last time, partly due to covid and partly due to refusal to spend big last summer. It will be key to get good prices for Sarr & Dennis though, I'm surprised there's no ongoing debate over what we might realise for those 2.

 

We made £25m on Estupinan and Suarez alone, more than we’ll likely get for Sarr.

 

Was it that much ? Wow, Gino & Scott do great business .
I'd be disappointed if we didn't get £25m for Sarr.

 

However, they do have over 130 million pounds worth of debt owed to Max Demin. I believe Bournemouth still have outstanding payments for signings which need to be paid within the next two years also.

 

Just £130m? Must be way more than that. What’s our debt to the owner?

 

Rumour has it there is at least three clubs interested in Sarr, Newcastle, Liverpool and Inter Milan, therefore we should at least be looking to get out money back on him!

 

Liverpool are skinflints who rely on unsettling the player and getting them on the cheap, especially when it’s a small club like us, so them being interested doesn’t correlate to a higher fee. They paid £41m for Jota who is about three times the player Sarr is.

 

The notes to the BMuff accounts state that Max has lent them a further £24m since. He doesn’t charge interest on that £150m +

We await the publication of our clubs accounts but Gino was owed £8.4m out of the £90m of external debt (interest paid on all)

 

If Gino was a good owner and really cared, he'd lend us £150m interest free.
Why oh why are we always so unlucky with our owners :-( ????

 

£17 million profit looks good, so fair play to them.
They owe Max Demim (Chairman/Owner)£132 million, though l doubt he will see very of this money again. This figure includes the €40million invested to cover covid shortfall of revenue.

 

The accounts are due today per Companies House...

 

Bear in mind even if they are filed today it may take a couple of weeks for them to be viewable on the Co Hse website.

 

You’d hope (probably in vain) that like many other clubs they’d make them available to fans by sharing something with the fans directly

 

I doubt fans of Champ clubs think the latter, tbf.

 

Premier League clubs paid over a quarter of a billion pounds to agents between February 2 2021 and January 31 2022.

Man City £35m
Man Utd £29m
Chelsea £28.2m
Liverpool £22.1m
Arsenal £18.7m
Spurs £13.9m

Watford next of the rest on £12.6m

What the f**k are we up to? How is that even possible?