Dear Guest
Thank you for visiting! est189 will soon be closing its doors (do forums have doors?) please visit the following thread - (to wail & cry perhaps?)
https://www.est1892.co.uk/forums/showthread.php?p=4002484#post4002484
Thanjk you.
Paul.S
As they look in real danger of going down the accounts have come out and they are grim reading for the Villa massive.
Swiss Ramble @SwissRamble
Detailed #AVFC 2012 results have been published: a loss after tax of £17.7m, which is a £36.2m improvement on 2011 loss of £53.9m.
Swiss Ramble @SwissRamble
Main reasons for reduced #AVFC loss: interest waived on Lerner loan £20.3m and lower player costs £20.5m (wages £13.8m, amortisation £6.7m).
Swiss Ramble @SwissRamble
Other reasons for smaller #AVFC loss: higher profit on player sales £8.1m, lower termination payments for management changes £6.1m.
Swiss Ramble @SwissRamble
On the other hand, #AVFC 2012 revenue fell £11.7m and other expenses rose £6.3m.
Swiss Ramble @SwissRamble
#AVFC 2012 revenue £80.4m (2011 £92.0m): match day £19.9m (2011 £21.4m), media £46.8m (2011 £53.9m), commercial £13.7m (2011 £16.9m).
Swiss Ramble @SwissRamble
#AVFC wage bill cut from £83.4m to £69.6m, reducing the wages to turnover ratio from 91% to 87%.
Swiss Ramble @SwissRamble
Termination payments to managers have once again hit #AVFC 2012 accounts with a £5.9m exceptional charge (£12.0m in 2011).
Swiss Ramble @SwissRamble
#AVFC 2012 profit on player sales £26.9m (2011 £18.8m), largely due to Stewart Downing to Liverpool and Ashley Young to Manchester United.
Swiss Ramble @SwissRamble
Excluding profit on player sales of £26.9m and interest waiver of £20.3m, the #AVFC 2012 loss would have been a hefty £64.9m.
Swiss Ramble @SwissRamble In any case, #AVFC aggregate losses for last four seasons amount to a massive £155m.
Swiss Ramble @SwissRamble
#AVFC 2012 net debt up from £113.7m to £121.5m: £107.1m to Lerner and £15.1m to bank less £0.7m cash.
Swiss Ramble @SwissRamble
Randy Lerner put £10m into #AVFC in 2012, so has now provided around £240m of funding, split between loans and capital injections.
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