Annual Accounts

[RUL]

https://www.afc.co.uk/2018/11/24/latest-accounts-show-strong-results-for-aberdeen-football-club/

 

Club happy, guessing we will go through £16m turnover this year with cup final.

[Tommy]

Can’t complain about that.

Now go and win the cup.

[Sonoftherock]

AGM on 17th Dec... hopefully someone asks about Tansey, Forrester and Gleeson! 200k for forrester and probably the guts of 10k p/w on wages for the three of them!

 

Also what about Shinnie and GMS? GMS quoted a couple of weeks ago that he hadn’t spoken to the club about a new deal!!

[RUL]

Big increase in playing budget.

[Betty Swallicks]

Big increase in playing budget.

 

I'd imagine a fair chunk of that will be the new deal that the management are on.

[Betty Swallicks]

These figures don't take in the dud summer signings.

[TheRock]

Considering 2nd place and 3 rounds in Euro qualifying is 85k profit not tight ?

Football clubs shouldn't be making profits, should they? I don't know, maybe I'm being naive but would prefer every spare penny to be put back into the playing budget (which has risen considerably according to this) and get close to breaking even rather than making a big profit. Although maybe a big profit makes us more attractive to investors or something. I dunno. I'm not a business person.

[Poodler]

Football clubs shouldn't be making profits, should they? I don't know, maybe I'm being naive but would prefer every spare penny to be put back into the playing budget (which has risen considerably according to this) and get close to breaking even rather than making a big profit. Although maybe a big profit makes us more attractive to investors or something. I dunno. I'm not a business person.

Fortunately for you, you've asked the right person about money

[mcdougall(4)]

Football clubs shouldn't be making profits, should they? I don't know, maybe I'm being naive but would prefer every spare penny to be put back into the playing budget (which has risen considerably according to this) and get close to breaking even rather than making a big profit. Although maybe a big profit makes us more attractive to investors or something. I dunno. I'm not a business person.

 

 

Businesses in general are tasked (directors etc) with providing/returning shareholder value, so on the basis that the shareholders of the club are not looking for a ROI or dividend payouts then any profit is essentially redundant, what the 85k says to me is that the club is operating at a pretty efficient level, just the right side of the ledger.

 

Of course I don't serve tea in a call centre so how would I know.

[RAZOR]

Also what about Shinnie and GMS? GMS quoted a couple of weeks ago that he hadn’t spoken to the club about a new deal!!

Was even stranger than that. Did he not say that he wasn't sure what McInnes thoughts were on his new contract? I can understand the number geeks in the club not speaking to him but surely to fuck McInnes has indictied if he wanted him to stay or not.

[slippers]

Considering 2nd place and 3 rounds in Euro qualifying is 85k profit not tight ?

the kinda profit we are talking it would be pretty easy to disguise a loss as a small profit by just adjusting the assets of the club slightly. Equally in reverse if you make a bigger profit you can devalue your assets to reduce tax. I’d be interested in if pittodrie is re valued for every account or if it’s still valued the same as it was in last books. I’m sure when people get there copy’s of the accounts through they will be able to tell us how well the club have done.

 

I’d say signs look relatively good. Considering Hayes 700k was in last seasons figures and we have still broken turnover record with no players sales has to be a good sign.

[Red Ram]

Without seeing actual accounts it looks to me as if club is putting a positive slant on poorer overall results compared to to June 2017 but still decent enough results for 2018.

 

Increased turnover is solid achievement but operating profit to 2017 was £533k after amortisation of player registrations and compensation fees of £170k so £703k ignoring amortisation and this year operating profit is only £85k before writing off amortisation of contracts so will be an operating loss after 2018 amortisation.On face of it operating profit is £618k down excluding any intangible asset amortisation.

 

Turnover up is good but 2017 turnover and operating profit did not include Hayes sale as transfers aren't classed as turnover with players registrations classed as disposal of intangible assets so his sale proceeds were offset against any registration value not previously amortised and shown as Gain on disposal of Intangible assets in 2017 which is shown after operating profit figure as £667k. Pittodrie was written down by over £2m last year following over £2m write off of Loirston costs in 2016 accounts but won't know if any Exceptional write offs this year until report published

[fine-n-dandy]

Considering 2nd place and 3 rounds in Euro qualifying is 85k profit not tight ?

Basically McInnes is given loads of cash to spend on shite like Gleeson, Tansey, Forrester & McGinn

[Guest milne_afc]

Businesses in general are tasked (directors etc) with providing/returning shareholder value, so on the basis that the shareholders of the club are not looking for a ROI or dividend payouts then any profit is essentially redundant, what the 85k says to me is that the club is operating at a pretty efficient level, just the right side of the ledger.

 

Of course I don't serve tea in a call centre so how would I know.

Shite for brains absolutely served up, here.

[ericblack4boss]

Was even stranger than that. Did he not say that he wasn't sure what McInnes thoughts were on his new contract? I can understand the number geeks in the club not speaking to him but surely to fuck McInnes has indictied if he wanted him to stay or not.

Is his blonde tidy?

[mcdougall(4)]

Shite for brains absolutely served up, here.

Am I shite for brains here ?

[Guest milne_afc]

Am I shite for brains here ?

Not on this occasion McDoogz

[mcdougall(4)]

Not on this occasion McDoogz

I did wonder

 

For the record I might chat shit occasionally but the brain is fine always.

[dj_bollocks]

https://www.afc.co.uk/2018/11/24/latest-accounts-show-strong-results-for-aberdeen-football-club/

 

Club happy, guessing we will go through £16m turnover this year with cup final.

 

Doubtful we'll go through £16m with a shorter run in Europe this season... Unless we sell McKenna of course at which point - record turnover...

[Tord31]

GMS....

 

almost certain he's on loan from Celtic. A new deal is less than straight forward

[aberdeen1970]

GMS....

 

almost certain he's on loan from Celtic. A new deal is less than straight forward

I don't think he's on loan.

 

There is a possibility though that they are/were still paying him after the move as some sort of settlement package.

[maryhilldon]

Without seeing actual accounts it looks to me as if club is putting a positive slant on poorer overall results compared to to June 2017 but still decent enough results for 2018.

 

Increased turnover is solid achievement but operating profit to 2017 was £533k after amortisation of player registrations and compensation fees of £170k so £703k ignoring amortisation and this year operating profit is only £85k before writing off amortisation of contracts so will be an operating loss after 2018 amortisation.On face of it operating profit is £618k down excluding any intangible asset amortisation.

 

Turnover up is good but 2017 turnover and operating profit did not include Hayes sale as transfers aren't classed as turnover with players registrations classed as disposal of intangible assets so his sale proceeds were offset against any registration value not previously amortised and shown as Gain on disposal of Intangible assets in 2017 which is shown after operating profit figure as £667k. Pittodrie was written down by over £2m last year following over £2m write off of Loirston costs in 2016 accounts but won't know if any Exceptional write offs this year until report published

I was about to say that.

[shut up meg]

GMS....

 

almost certain he's on loan from Celtic. A new deal is less than straight forward

 

If he's on loan, he wouldn't be able to play against Celtic, it's in the SPFL rules.

[Mr John]

GMS is an Aberdeen player, only Hoban, Ball and Wilson are loan deals (in).

I think we could live without Shinnie, he hasn't exactly been brilliant this season.  He makes stupid fouls in midfield, runs around like a terrier and refuses to play left back, hence sticking Consi there or loaning in Lowe.  If he's on a large wage, we may be better off getting rid and bringing in different CM options in 2019.

 

Hopefully better ones than the summer buys.

[Tord31]

Of course he's not on loan in a normal way.

 

Are Celtic subsidising his wages or did Aberdeen/Celtic pay him a lump sum to make good his Celtic earnings is the question.

 

If either of those things happened then it's a difficult negotiating position to offer him a huge pay cut to sign on.

[Zander1903]

Of course he's not on loan in a normal way.

 

Are Celtic subsidising his wages or did Aberdeen/Celtic pay him a lump sum to make good his Celtic earnings is the question.

 

If either of those things happened then it's a difficult negotiating position to offer him a huge pay cut to sign on.

 

he's a Aberdeen Player Fact, he cant be on loan in any form normal or not as has been said he wouldn't be allowed to play against the Tim's

 

but maybe the Tim's did a deal to compensate him for the loss of his earnings for the remainder of his celtic contract or possible he was happy to take a pay cut to play regular games 

[Mr John]

People on here just inventing their own interpretations of reality now.  Fucking flat earthers.

[aberdeen1970]

People on here just inventing their own interpretations of reality now. Fucking flat earthers.

Did you not just say that Shinnie refuses to play left back as if it was fact rather than speculation?

[fine-n-dandy]

GMS is an Aberdeen player, only Hoban, Ball and Wilson are loan deals (in).

I think we could live without Shinnie, he hasn't exactly been brilliant this season.  He makes stupid fouls in midfield, runs around like a terrier and refuses to play left back, hence sticking Consi there or loaning in Lowe.  If he's on a large wage, we may be better off getting rid and bringing in different CM options in 2019.

 

Hopefully better ones than the summer buys.

I hate the fact McInnes relies on loans so much & cannot make decent full time signings very often at all

 

But

 

I wish Gleeson, Forrester, Tansey, May,McGinn & Cosgrove were all also loan signings

[Betty Swallicks]

I hate the fact McInnes relies on loans so much & cannot make decent full time signings very often at all

 

But

 

I wish Gleeson, Forrester, Tansey, May,McGinn & Cosgrove were all also loan signings

 

Ones in bold would be in our our top 10 earners too I'd imagine.

 

Ohhhhh Derek McInnes.