Discussion in 'The Football Forum' started by King Binny, Feb 9, 2021.
@binomial Try TalkSport, you and Cundy would be a good double act
Never seen so many cuntdies on 1 show, other than Simon Jordan who's the only 1 that talks sense the rest of them just mutter a load of utter tripe, claim to know the first thing about football when they don't know jack, JACK.
Are we just making up names now?
We signed a guy called Augustine Della Montain and I heard Arsenal signed someone called Getdi Fookat.
Do you mean to say @binomial was wrong and Sky were right? Wow, that's surprising.
I have Bellingham there because we need more English players.
Gravenberch could well be top class but it depends on his temperament. Dutch ballers in the cities can get easily swayed by culture and do a Babel (shit rapper) or a Promes (stab someone)
Haha Binny owns Binomial in about 5 secs flat ... don't give up your day job mate
Or he could be massive superstar like Gullit, Rijkard, Davids, Parick Snr etc.
Don’t think there is any real correlation to draw based on culture.
One of two things would make me really happy before the transfer window shuts.
We buy a striker
We buy a defensive midfielder
Fabinho can't play in every game and I'm sorry, but I don't trust anyone else in the squad to play there except him.
How the fuck have Madrid for 160m to fork out on Mbappe? Weren't they in financial troubles themselves.
REAL MADRID C. F. CLOSES THE 2020/21 FINANCIAL YEAR WITH A POSITIVE RESULT OF 874,000 EUROS
NEWS | 14/07/2021
THE LOSS OF REVENUE RESULTING FROM COVID-19 FROM MARCH 2020 AMOUNTS TO -€300 MILLION.
THE CLUB GOES FROM HAVING A NET DEBT OF €240 MILLION IN THE 2019/20 SEASON TO €46 MILLION IN THE 2020/21 SEASON (DEBT/EBITDA RATIO 0.3X).
THE CLUB HAS EQUITY AMOUNTING TO €534 MILLION AND CASH OF €122 MILLION AS OF 30 JUNE 2021.
2020/21 ECONOMIC-FINANCIAL SUMMARY (excluding the stadium remodeling project)MILLION €2019/202020/21Operating Income (before disposal of non-current assets)714,9653,0EBITDA176,9179,6Profit after tax0,30,9Equity as of 30 June532,9533,7Cash and cash equivalents as of 30 June125,3122,1 Net debt as of 30 June240,646,4Net debt/EBITDA ratio1,4x0,3xNet debt/Equity ratio0,5x0,1x
The Board of Directors of Real Madrid C. F., gathered today 14 July, has approved the annual accounts for the 2020-2021 financial year.
The effects of the healthcare crisis caused by Covid-19, which started in March last year, have continued throughout the 2020/21 financial year, with all matches having to be played behind closed doors. This has led to a loss of revenue in all lines of business, primarily for the stadium, as there is no income from match attendances, but also for TV rights, both from LaLiga and UEFA, and commercial activities, both in the operation of facilities and in retail sales and sponsorship.
As compared to the situation prior to the pandemic, the loss of income that the Club has incurred in its different lines of business from March 2020 to 30 June 2021 is approximately €300 million, to which should be added the loss of new revenue that could have been obtained in the absence of the pandemic.
This loss of income has only been compensated by the Club through the application of intense cost-saving measures in all areas:
SAVINGS MEASURES UNDERTAKEN BY THE CLUB
Impact on profit before tax (millions €) 2019/202020/21Aggregate 20+21Salary reduction362258Operational cost savings243862Player transfers * 175175Total60235295*Overall impact including transfers, income from loan deals, savings on staff costs and amortization
-Player cost savings plan: in 2020/21 there were no acquisitions and player terminations have taken place, with a consequent impact on both transfer capital gains and cost savings.
-Reduction in salary costs: in both 2019/20 and 2020/21, members of the first squads in both football and basketball and leading executives in the various directorates have agreed to voluntarily reduce their annual remuneration by 10%.
-Operational cost savings plan: In addition to the reduction in spending due to lower costs associated with the loss of income, the Club has also implemented, over the fifteen months of the pandemic, a cost savings plan for the various activities and services contracted, which has resulted in an additional reduction in spending equivalent to almost 25% of the total annual expenditure previous to the pandemic.
In both 2019/20 (€177 million) and 2020/21 (€180 million), the Club reported higher EBITDA than in 2018/19 (€176 million) before the pandemic, notwithstanding the near €300 million revenue loss incurred in both years due to the Covid-19 impact. This is a testament to the Club's operational efficiency, and its ability to respond by adopting cost-saving measures to mitigate these losses.
As a result of the cost-saving measures taken to compensate for the loss of income due to the pandemic, the Club will close the 2020/21 financial year with a profit of €874,000 after tax, in the same way as it closed the 2019/20 financial year with a profit of €313,000. This makes the Club one of the few major clubs in Europe that will not have incurred losses in these two financial years, given that, according to a UEFA study, the accumulated operating losses of European clubs between 2019/20 and 2020/21 will be close to €6 billion.
The Club would like to commend the contribution made by sporting and non-sporting staff in implementing the cost-saving and improvement measures that have made it possible to achieve these results.
As the Club has made a profit in both 2019/20 and 2020/21, despite the effects of the pandemic, the Club has managed to marginally increase the value of Equity compared to the situation as of June 2019 before the pandemic, resulting in a Equity value of €534 million as of 30 June 2021.
In order to offset the financial impact of the loss of income caused by Covid-19, in April 2020 the Club secured new bank financing in the amount of €205 million, of which €155 million correspond to four loans with a 1-year grace period and a 5-year maturity and €50 million to a credit facility with a 3-year maturity. The operations were independently formalised with the five national banks with which the Club operates and 70% of the amount is covered by the Official Credit Institute (ICO), as part of the government approved line of credit to facilitate the liquidity of companies. During the 2020/21 financial year, and in accordance with RDL 34/2020 of 17 November, the Club has prolonged the grace period and maturity of the loans by 1 year.
The Club closes the 2020/21 financial year with a cash balance, as at 30 June 2021, of €122 million, excluding the stadium redemodeling project.
This balance has been achieved after repaying a €50m bank loan during the 2020/21 financial year and without the need to have a credit facility balance.
The loss of income resulting from Covid-19, with the consequent impact on cash flow, has been compensated by the Club through the savings measures and the formalisation of the above mentioned €155 million long-term bank loans in April 2020.
As of 30 June 2021, the Club has unused credit facilities amounting to €361 million, which, together with its cash balance, enables it to comfortably meet its expected payment commitments.
The Net Debt as of 30 June 2021, excluding the stadium redemodeling project, amounts to €46 million, compared to €241 million the previous year, which means that, during the 2020/21 financial year, the Club reduced its net debt by €195 million.
In comparison to the pre-pandemic situation (30 June 2019: net cash position of €27 million), the net debt as of 30 June 2021 is €73 million higher. This shows that the Club has managed to compensate, through the implemented savings measures, the majority of the near €300 million loss of income resulting from the pandemic and its consequent impact on lower cash flow and consequently higher net debt.
The Debt/EBITDA ratio stands at 0.3.All these figures demonstrate the solid financial situation and high level of solvency that the Club maintains despite the pandemic.
FISCAL BALANCE: REAL MADRID'S CONTRIBUTION TO TAX INCOME AND SOCIAL SECURITY REVENUESAMOUNTS PAID IN THE 2020/2021 FINANCIAL YEAR€ THOUSANDSPersonnel income tax withholding and non-resident income tax (deductions from staff remuneration and image rights)178.930INCOME TAX-12.885Property and other local taxes5.126SOCIAL SECURITY CONTRIBUTIONS (company)8.564SOCIAL SECURITY CONTRIBUTIONS (employee)1.862TOTAL COST OF TAXES AND SOCIAL SECURITY181.598% of revenue28%NET VAT PAID61.311TOTAL CONTRIBUTION BY REAL MADRID TO TAX REVENUE AND SOCIAL SECURITY242.909
Real Madrid's contribution towards Tax and Social Security revenues in the 2020/21 financial year amounted to €242.9 million.
In relation to the Santiago Bernabéu stadium remodelling project, in the 2020/21 financial year the building work has not been compatible with the hosting of matches at the Santiago Bernabéu stadium. This is because, as the attendance of the fans was not permitted due to the Covid-19 pandemic, after obtaining the relevant authorisations, the Club has been holding the first team football matches behind closed doors at the Alfredo Di Stéfano stadium.
The amount of the investment recorded in the 2020/21 financial year was €166 million, including the financial costs incurred during the construction period. This brings the cumulative investment up to 30 June 2021 to €279 million.
During this financial year, in July 2020, the second drawdown of the loan amounting to €275 million was made; bringing the total loan drawn down to €375 million by 30 June 2021 (the first drawdown of €100 million took place in July 2019).
Regarding the upcoming financial year, stadium attendance is expected to return, although it is not yet known what percentage of the capacity will be allowed to be used over the course of the season.
Regarding the financial situation, current forecasts suggest that recovery to the pre-pandemic situation will not be immediate. Therefore, the Club will continue with the cost containment efforts it has made so far.
STADIUM REDEVELOPMENT PROJECT: TOTAL 30-YEAR LOAN OF €575 MILLION. 2019/202020/21Cumulative investment113,7279,2
[Neil Jones] Belgian and Greek Clubs interested in Ojo. Liverpool ask for £5 million.
Lol 5 million? Pesos?
English premium init.
Ronaldo to City then?
Lol @ Kane
He got no balls to stand up to Levy does he?
Summer ends in a week
The wages he will dictate.. nah.. can't see it..
If they didn't get Messi they won't be in for Ronaldo.
Dominic Calvert Lewin is an absolute shoe in for city imho..
Be a decent signing for them..
We don't need another DM..
Henderson can do a job there... As can Thiago
You are not going to get another DM who is happy to sit on the bench with the quality of Fabs..
Never going to happen