1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. You may have to login or register before you can post and view our exclusive members only forums.
    To start viewing messages, select the forum that you want to visit from the selection below.
    Dismiss Notice
Why Not Register?

It only takes a few minutes to register on SixCrazyMinutes

Click Here

Big Fat Loss

Discussion in 'The Football Forum' started by El Pistolero, May 3, 2012.

Thread Status:
Not open for further replies.
  1. El Pistolero

    El Pistolero Active Member

    Joined:
    Jul 18, 2007
    Messages:
    4,951
    Likes Received:
    99
    Trophy Points:
    195
  2. dmishra

    dmishra Well-Known Member

    Joined:
    Nov 9, 2009
    Messages:
    6,383
    Likes Received:
    1,480
    Trophy Points:
    555
    Link?
     
  3. El Pistolero

    El Pistolero Active Member

    Joined:
    Jul 18, 2007
    Messages:
    4,951
    Likes Received:
    99
    Trophy Points:
    195
  4. Rosco

    Rosco Cold Ass Honky Administrator

    Joined:
    Aug 13, 2006
    Messages:
    48,995
    Likes Received:
    6,984
    Trophy Points:
    1,430
    Location:
    Dublin
    These would be the accounts for the year ending July 2011
     
  5. spider-neil

    spider-neil Lurker Member

    Joined:
    Aug 17, 2006
    Messages:
    25,077
    Likes Received:
    141
    Trophy Points:
    0
    giving hodgson longer than a year is idiocy and the fa have made the exact same mistake. ten bucks says hodgson doesn't survive past the world cup meaning they have to pay him off for the remaining 2 years.
     
  6. dmishra

    dmishra Well-Known Member

    Joined:
    Nov 9, 2009
    Messages:
    6,383
    Likes Received:
    1,480
    Trophy Points:
    555
    Any link to the actual published statement of accounts?
     
  7. dmishra

    dmishra Well-Known Member

    Joined:
    Nov 9, 2009
    Messages:
    6,383
    Likes Received:
    1,480
    Trophy Points:
    555
    Ian Ayre interview from the offal:

     
  8. Rosco

    Rosco Cold Ass Honky Administrator

    Joined:
    Aug 13, 2006
    Messages:
    48,995
    Likes Received:
    6,984
    Trophy Points:
    1,430
    Location:
    Dublin
    you have to pay for them Dmishra. I'll be getting them later and can email them on if you like.
     
  9. dmishra

    dmishra Well-Known Member

    Joined:
    Nov 9, 2009
    Messages:
    6,383
    Likes Received:
    1,480
    Trophy Points:
    555
    That'd be great Ross.
     
  10. Rosco

    Rosco Cold Ass Honky Administrator

    Joined:
    Aug 13, 2006
    Messages:
    48,995
    Likes Received:
    6,984
    Trophy Points:
    1,430
    Location:
    Dublin
    The accounts aren't available just yet.

    There is a lot of positive spin though...... you've got to wonder
     
  11. El Pistolero

    El Pistolero Active Member

    Joined:
    Jul 18, 2007
    Messages:
    4,951
    Likes Received:
    99
    Trophy Points:
    195
    Ah right well that would cover there tenure. 37 million stadium costs i'm not having that.
     
  12. Tal

    Tal Very Active Member

    Joined:
    Sep 9, 2006
    Messages:
    2,713
    Likes Received:
    345
    Trophy Points:
    285
    If only we knew what the intentions were 'going forward'. I don't think Ian Ayre mentioned that enough.
     
  13. Rosco

    Rosco Cold Ass Honky Administrator

    Joined:
    Aug 13, 2006
    Messages:
    48,995
    Likes Received:
    6,984
    Trophy Points:
    1,430
    Location:
    Dublin
    Its not unlikely, the money spent on the stadium planning might have been counted as an asset and since we dont plan to go ahead with it that planning is now worthless so has to be written off. It's the rest of the loss that should be the concern. It shows nothing had really changed, we were still over spending and under performing.

    So much can be learned about the future possibilites from reading the accounts, and ignoring the media.
     
  14. Y1

    Y1 Splash Member

    Joined:
    Sep 8, 2006
    Messages:
    11,194
    Likes Received:
    159
    Trophy Points:
    385
    Gender:
    Male
    Location:
    North Borneo
    How can planning cost be that much when the design has been rejected? Ridiculous.
     
  15. tony

    tony Very Active Member

    Joined:
    Jun 15, 2011
    Messages:
    2,606
    Likes Received:
    578
    Trophy Points:
    390
    8.4 million payoff for six months crap for Hodgson - puts Rafas payoff into perspective eh Ross
     
    Spionkop69 likes this.
  16. FMSPWR

    FMSPWR SCM Follower Member

    Joined:
    Feb 7, 2012
    Messages:
    144
    Likes Received:
    25
    Trophy Points:
    75
    Duedil.com provides online Companies House data and is completely free, has financial info for LFC going back to 2002, so you can track exactly how the clubs accounts have progressed.  I imagine it will be updated asap
     
    Rosco likes this.
  17. Sunny

    Sunny Guest

    Indeed. How can it be ? I drink with another fan who's a top architect and there's no way such design work should amount to that. Further question would be is how did Hicks and Gillett end up spending so much of the clubs money on such an activity?
     
  18. King Binny

    King Binny Well-Known Honorary Member

    Joined:
    Sep 2, 2006
    Messages:
    13,664
    Likes Received:
    2,212
    Trophy Points:
    575
    Gender:
    Male
    Location:
    Singapore
     
  19. John McGovern

    John McGovern Guest

    Well its pretty obvious were the £50million loss came from. Carroll and Henderson.
     
  20. Y1

    Y1 Splash Member

    Joined:
    Sep 8, 2006
    Messages:
    11,194
    Likes Received:
    159
    Trophy Points:
    385
    Gender:
    Male
    Location:
    North Borneo
    My experience with developers and construction firms and consultant engineers and architects run counter to such a cost being spent without a single spade work onto the ground.
     
  21. Jack D Rips

    Jack D Rips Well-Known Member

    Joined:
    Aug 23, 2006
    Messages:
    8,679
    Likes Received:
    1,621
    Trophy Points:
    475
    Gender:
    Male
    Location:
    Dromin
    You can blame Henderson for a lot, but not anything that happened at LFC pre 31st July 2011
     
  22. Sunny

    Sunny Guest

    Ha, so not in the slightest bit obvious to some. To quote this architect "if they'd have said that work had cost £10m I'd say they've been ripped off. So essentially we either overpay for players AND architects or £25m has disappeared down a rather dubious black hole....
     
  23. RedStar

    RedStar Very Active Member

    Joined:
    Aug 22, 2006
    Messages:
    3,523
    Likes Received:
    407
    Trophy Points:
    270
    Gender:
    Male
    Location:
    Sydney, Australia
    Given that this doesnt cover the huge transfer outlay of last summer we are probably looking at similar numbers for next year arent we, there is no way on earth FSG will continue to subsidize the club to the tune of 50 million a year
     
  24. King Binny

    King Binny Well-Known Honorary Member

    Joined:
    Sep 2, 2006
    Messages:
    13,664
    Likes Received:
    2,212
    Trophy Points:
    575
    Gender:
    Male
    Location:
    Singapore
     
  25. Irish_Red

    Irish_Red Very Active Member

    Joined:
    Aug 21, 2006
    Messages:
    1,423
    Likes Received:
    341
    Trophy Points:
    320
  26. tony

    tony Very Active Member

    Joined:
    Jun 15, 2011
    Messages:
    2,606
    Likes Received:
    578
    Trophy Points:
    390
    Thanks Irish Red

    that is the most informative read and in depth analysis on LFC finances I have read - mods this deserves a thread on its own. Looks like we are not doing too bad finacially although the wage bill is truly shocking - and Rafa although much maligned on here overperformed on the resources provided to him.
     
  27. Sunny

    Sunny Guest

    Partly by overpaying average players.....
     
  28. the count

    the count SCM's least favourite muppet Forum Moderator

    Joined:
    Feb 21, 2007
    Messages:
    16,009
    Likes Received:
    4,491
    Trophy Points:
    820
    Gender:
    Male
    Location:
    in the other S.S.
    £120k per week for Joe Cole. That is £6.5m out of last years wage bill alone.

    Interesting article.
    Almost £200m wasted by the club thanks to the two cowboys.
    That is more than half a team of Andy Carrolls. ;)
     
  29. Hansern

    Hansern Very Well-Known Member

    Joined:
    Aug 22, 2006
    Messages:
    28,814
    Likes Received:
    3,621
    Trophy Points:
    815
    Read the other day that Purslow did some cleverishthings with the sign on fees when he was here.
    The sign on fees was apperantly added to the weekly wages, which means that in Cole's first year he had a staggering wage.

    God we've been stupid...
     
  30. Judge Jules

    Judge Jules Part of the Furniture Member

    Joined:
    Aug 21, 2006
    Messages:
    36,794
    Likes Received:
    5,086
    Trophy Points:
    1,180
    Location:
    Near Brum
    "The Times" on Saturday has a Statto-type column where they regularly measure such things, and Rafa always came out near the top.
     
Thread Status:
Not open for further replies.