Financial Results Season 2013/14?

[Tord31]

must be out soon as normally agm is end nov/start dec

 

surely to fuck we made a profit last season?

[Guest RosemountRed]

Be interesting to compare the results between 12/13 and 13/14, revenue should have been up by about 50%.

 

AGM is normally December.

[Tord31]

Had a look back

 

last season the results were out on 1st Nov and the agm was 25th Nov. Maybe expect the results next Saturday?

[Tord31]

Lets hope the hold up is finally getting some progress on reducing the debt

[Robbie Winters]

http://www.afc.co.uk/news/5358.php#.VGLeA1YkGuc

[Robbie Winters]

Aberdeen Football Club plc today announces its annual results for the year ended 30th June 2014.
After the year end the Club reached agreement with the key debt holders and the bank to restructure its debt and share capital. Some of the necessary steps have already been completed and, subject to shareholder approval, the remainder will be completed this year. It is expected that net debt will be reduced by £14.49m.

[ChutneyLove]

Good old Willie Donald. Fit dis he dee then?

[Robbie Winters]

Dis he not own all the big yellow lorries ?

[zebradentist]

A rich oil dude finally bails us out

 

I for one welcome our new Stonehavian overlords

[The Boofon]

Wowsers.

 

I'm sure someone will find fault in this but I cannot really see any negatives from wiping out 14.5 million pounds worth of debt and seeing turnover increase by £7.85 million to £11.158 million.

 

Got to say it sounds like things have got better.

 

Stoney?

[King Street Loon]

Fits I catch?

[ChutneyLove]

I might celebrate and buy a pair of red paki sliders.

[King Street Loon]

In no financial guru, but this is good news though.

Yes?

[brownie]

I'm genuinely blown away by this.

[Dom Sullivan]

In no financial guru, but this is good news though.

Yes?

Simply put, yes.

[Robbie Winters]

Excellent news.

Think we have to thank Dod Yule for pulling the club out of its malaise

[buchanskii]

I don't believe it, there MUST be a catch.

[tup]

Good news, COYR.

[RUL]

So what was the actual trading profit for the year...I assume we must have made one?

[starryfish]

This has got to be the most significant moment in the clubs recent history - of at least equal consequence if not more important than the cup win - great news!

[CrazyBullSheep]

I love Willie

[Tommy]

That's brilliant news, next will be the Training facility announcement then a left back.

Looking good AFC.

[Dynamo]

I might celebrate and buy a pair of red paki sliders.

That sort of frivolous spending got us in the mess in the first place [emoji33]

[Dynamo]

That's brilliant news, next will be the Training facility announcement then a left back.

Looking good AFC.

Hopefully the left back isn't a product of a new training facility!

[Foster14]

Great news. I'd heard this was meant to happen over summer, so had began to doubt. Better late than never!

[RTYD]

Well done to all involved. If everyone from Board to the support remember that we can only spend what we earn (less some for a rainy day) then maybe the club can get back to the way it operated in the 1980's.

[paddy]

Yay!

[Sonoftherock]

That's brilliant news, next will be the Training facility announcement then a left back.

Looking good AFC.

 

Don't push your luck!

[Tord31]

The wiping of the debt is clearly a combination of

 

A decent profit last season (yet to be announced)

AAM converting all their loans to shares

SMG converting all their loans to shares

The trust paying a little bit for a shareholding

The Donalds picking up the balance

 

What a day for the Dons especially us younger fans that have known nothing but the debt burden years

[The Boofon]

Quite funny that us sheepshaggers are bailed out by a butcher.

 

Lambs definitely not to the slaughter.