15/16 Annual Report - Record Turnover

[Guest RosemountRed]

http://www.afc.co.uk/news/8717.php#.WB2aEOCLTIU

 

AFC Reporting Operating Profit for the Third Year Running in Annual Report and Accounts for the Year Ended 30th June 2016.

Key Highlights:

• Record turnover of £13.414m
• Increased wages to £6.817m as the Club continues to invest in its playing staff.
• Wages to Turnover remains at 51 per cent.
• Planning Application for Kingsford to be submitted before the end of the Year.

[Tord31]

Good to see that considering I think the real effect of the downturn in the area will not be seen till this year and thankfully will be more than offset by the cup run - so they'll be confident of a fourth good year in a row

 

Shows the importance of qualifying for Europe and hopefully getting further next season as we know it would be that we are seeded for at least QR1 and QR2

[Saturday's Kid]

Gareth Bale's new deal gives him an annual salary of £19 Million (after tax)! 3 times more than our whole squad.

[Guest RosemountRed]

Gareth Bale's new deal gives him an annual salary of £19 Million (after tax)! 3 times more than our whole squad.

 

Thanks for that.

[minijc]

Gareth Bale's new deal gives him an annual salary of £19 Million (after tax)! 3 times more than our whole squad.

Just shows how great that win in Gothenburg was.

[Old Wing Stand]

Some Tim praising us not a bad read to be honest

 

http://thecelticblog.com/2016/11/blogs/aberdeen-send-a-coded-warning-to-the-sfa-sevco-over-uefa-financial-fair-play/

[Tord31]

qualifying for europe every year would have us on a very sound footing. Hopefully only a matter of time before we get a crack at European group stage football

[minijc]

qualifying for europe every year would have us on a very sound footing. Hopefully only a matter of time before we get a crack at European group stage football

We really should have got past Maribor this year, that's one game that will bug me for a while as they were there for the taking.

[Tord31]

fucked up in the home game but you have to think we'd have had a great chance if the keeper has correctly been sent off for violent conduct

[boboisared]

fucked up in the home game but you have to think we'd have had a great chance if the keeper has correctly been sent off for violent conduct

We were still on top even after the nonsensical red card too.

[cruzcampo3]

Gareth Bale's new deal gives him an annual salary of £19 Million (after tax)! 3 times more than our whole squad.

Take it he wont be joining us in January then?

[Mr John]

qualifying for europe every year would have us on a very sound footing. Hopefully only a matter of time before we get a crack at European group stage football

 

Hope so. Ridiculous that finishing 2nd still means going through diddy qualifying in July, against teams whose seasons may be underway.

[The Boofon]

 

Hope so. Ridiculous that finishing 2nd still means going through diddy qualifying in July, against teams whose seasons may be underway.

More ridiculous for the opposition having to start their season so early.

[fine-n-dandy]

As long as we avoid that stupid new early league cup set up by playing in Europe then it's all good.

Anyone that turns their nose up at Europa because it's basically a closed shop to the likes of us should remember what the alternatives are if we fail to get there.

[Mr John]

As long as we avoid that stupid new early league cup set up by playing in Europe then it's all good.

Anyone that turns their nose up at Europa because it's basically a closed shop to the likes of us should remember what the alternatives are if we fail to get there.

 

Less fixture congestion?

[super_al]

So Hearts had a turnover of 9.9 million despite them selling out swyniecastle most weeks.

 

Our turnover was alot higher. Stand free

[Tord31]

the report is online and available to download.

 

http://www.afc.co.uk/downloads/AnnualAccounts_2016_web.pdf

 

Reading through it a few comments:

 

- we need to harness the whole AFC family to fund the stadium project

 

Would this sound like a share issue, debentures? Whatever it is the comment would sound like we'll be asked to contribute

 

- we partly 'wrote down' the value of the Loirston project which had been held as a asset. £2M was written off and £900k kept.

 

This is all accounting speak and this was money already spent. The guts of £3M was spent progressing the Loirston plans and only a portion of that has been deemed relevant to the new site

 

- Aim to keep costs (wages) at a level we can afford....but common sense will need to prevail...look for opportunities to supplement our income with transfer fees

 

Interesting. I can't really remember them

writing anything like that in recent years

 

- Payments to acquire players £81k

 

Miles Storey?

 

- Broadcasting monies had a decent boost versus the previous season circa £400k up.

 

Was the reason for the record turnover with other areas like sponsorship and gate receipts broadly the same year on year

 

- Our highest earning executive director earns £300k per year

 

On the steep side?

 

- Pittodrie is valued at £18 million (2015) and due to not selling it right now they are happy with the value to remain

 

- The entire value gained from the sale must be invested in a new stadium or liabilities will arise from the debt deal struck with BoS in 2015

[Tord31]

agm was held tonight- any one go along?

[RAZOR]

agm was held tonight- any one go along?

Tyrone said it lasted 37 minutes and Derek McInnes got a standing ovation

[Tord31]

37 minutes? same as yesterday then

[RAZOR]

Not sure if that's normal or not but it seemed rather short.

 

For a cup final as well