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Royboyclaret

Again, I agree entirely, with one small caveat and that's the lack of communication from the men at the top. We went from no AGM, to no informal shareholder's meeting to delays in releasing the accounts. On the basis that the accounts were completed, audited and signed off by the directors many week...

Royboyclaret

Absolutely........and in all my years following Burnley I really believe that, if we survive the dreaded drop this season, we can lose the tag of 'selling club' even if it might only be temporary.

Even that will be a massive achievement.

Royboyclaret

No worries random........I might be erring slightly on the high side but the £38million will certainly be no more than £1million overestimated. As I said a key figure is the 190 employees currently on the payroll.

Royboyclaret

Cheers rejected.........As Sidney1st points out the biggest flaw in your business plan is paying almost £80million in wages with an Income that is virtually the same. With other costs it's simply unsustainable and little wonder you needed a further loan of £70million last year. And some posters on h...

Royboyclaret

random.......the fag packet calculation is basically as follows :- ........ ........We know for a fact that the last accounts included a Wage bill of £29.4milion, which was to Jun'15 and was based on a wage cap that season of £22k per week. Last season would see that figure reduced as a result of re...

Royboyclaret

"Even if our wage bill went above 40m+ then, if we stay up, we could afford it." jurek.........Sadly there's a flaw in that argument. When the accounts are available for this current financial year the total Wage bill will be around £38million and that's with a wage ceiling in place of £28k per week...

Royboyclaret

I'd be interested to know from rejected as to how the Sunderland fans view their financial mess.

As an onlooker your club is in serious danger after relegation unless you cut costs dramatically.

What's the view on Wearside?

Royboyclaret

Vegas........There's no way the club would jump from a ceiling of £28k to £50k in one season. We will eventually pay wages of £50k per week IF we maintain our PL status but not immediately. I know that puts us at a disadvantage with every other club in the Prem but Burnley are a unique club and we d...

Royboyclaret

Swiss Ramble has been a brilliant source of information for a number of years.

They do some great work.

Royboyclaret

Going back to the accounts, I'd suggest that the £210million is slightly exaggerated but not by much. If they are relegated they will need to reduce their Wage bill massively but not necessarily straight away. They will have first year parachute payments of £48million to boost their Income and so wi...

Royboyclaret

"If any of us were Sland fans and someone said that we were selling Defoe and Brady was the replacement what would we think?" We'd probably think that although taking a player off the wage bill that earns £80k per week is sensible, it probably confirms the relegation that was likely anyway. Oh, but ...

Royboyclaret

If we beat Sunderland tomorrow the same prices will no doubt apply against Fleetwood or Bristol City no matter what the gate is tomorrow.

Royboyclaret

"Sunderland bid for him" If there's any truth in the Sunderland bid it's probably worth looking at the deal they may be offering Brady. in their last set of accounts, to Jun'15, their wage bill was a whopping £77milion compared to our £29.4million. Not difficult to assume therefore that their offer ...

Royboyclaret

"The stats would say exactly that!!! Obviously, the crazy backlog of fixtures didn't help either !" After we'd beaten Fulham in the semi-final replay and knew we were at Wembley there was a massive buzz about the whole place which if anything we took into the remaining league games. Injuries to key ...

Royboyclaret

"Depends on our defence remaining resilient and free from injury,"

That was the main issue in '61/'62. After we'd beaten Fulham in the semi-final replay key injuries to the likes of Brian Miller and Gordon Harris disrupted a settled side at a vital time.

Royboyclaret

Point taken Ashy, but a slightly different level of opposition this time I think you'll agree.

Royboyclaret

"Be careful what you wish for.

Look at what happened to us in 1961-62 !"

Surely you're not suggesting that our faltering form in the league was a result of reaching the Cup Final?

Royboyclaret

It's a good question and who knows, but these are heady times for sure. Four home wins on the bounce and is it six out of the last seven at home, truly remarkable stuff which I'm not even sure we equalled last season in the Championship. I well remember walking away from the Turf after Scotty's late...

Royboyclaret

Nice one Dark Cloud.....I always thought your username was based on an Indian chief or something, but young Caleb told me the other day that you are the eternal pessimist. I should have known that anyway!

Royboyclaret

When we were Champions in '59/'60 the final day was the first time we'd been top all season!

Edit......beat me to it Dazzler.

Royboyclaret

Be interesting to know how many posters on here were at the '62 Final. Just found my ticket, H 55 standing section, tucked away in a drawer.
There was a recent thread on the 1947 Cup Final and one poster was actually there on the day.

Royboyclaret

The signing-on fee is one way round the problem but, as I say, there are exceptions to the rule this year and at least three are earning more than the others with an unsigned contract on the table for a player at £35k per week. But a leap then to £50k per week for a new player may do more damage to ...

Royboyclaret

First of all it's not unlikely that Brady, based on a potential fee of £13million, will anticipate a wage of £50k per week. Like it or not there's a direct correlation between transfer fee and wage (particularly in the head of an agent) and this is where our problem lies. Since our first promotion t...

Royboyclaret

"The sky deal will be fine. There's not going to be a massive draw to start screen Chinese Premier League games." Bordeaux.......My point was more about the deal Sky/BT might have to consider in order to finance PL clubs in a way that allows them to pay the sort of salaries that compete with the Chi...

Royboyclaret

It's the impact these moves have on our domestic game that we should be concerned about. When it was Pelle, Tevez and Oscar it was all a bit meh, players that were looking for a last big pay day. But this is different, Costa the first potential marquee signing with Sanchez and Ozil now refusing to s...

Royboyclaret

The implications of this are almost unthinkable, it will blow the PL deal out of the water.

Costa will be the first of many if the reputed £600k per week is true.

Certain to be disruption at the Bridge and daft as it sounds Tottenham might be favourites for the title in a couple of weeks.

Royboyclaret

"The thing which people often get confused with is profits (shown on the P&L and is just a snapshot at a given moment in time for a set period - 12 months), and the overall health of the business. Your best bet is looking at the balance sheet." You're right Claretforever, normally looking at the bal...

Royboyclaret

Shabba.......the difficulty is that the last figures we have available are too far out of date to make a real judgement. The accounts to Jun'16 were completed last August, audited by December and signed off by the directors at that time so their strange reluctance to release the figures is hard to f...

Royboyclaret

Was there really any bragging anyway?......I recall a statement from Mike Garlick that the £35million profit to Jun'15 was a record for Burnley but that was about it. Tall Paul makes the important point (one that KRBFC and others should note) that only the annual depreciation based on the length of ...

Royboyclaret

"Even more important then that we invest now to achieve a second successive PL season."

Absolutely ksrclaret.

Retaining our PL status is crucial this season.

Royboyclaret

"And then to June '17 a 50/60 million profit?"

Correct Winston.

Royboyclaret

Just to bring everyone back down to earth, these figures are 18 months out of date, so a bit of a pointless exercise really.

When we eventually release our accounts to Jun'16 a break-even situation or even a small loss is likely.

Royboyclaret

That's the problem, the fact that the Board have a 94% shareholding plus the fact that they discontinued the AGM some four years ago, it's not possible now for the remainder to have a voice. Even the informal shareholder's meeting in 2013 only lasted for one year.

Royboyclaret

"Thanks, Royboy. So what I'm talking about already exists, just in a less formal way. I still think that if all of you minority shareholders got together in a more organized way that you would have more influence in the club."

There's no answer to that, you'll be telling us next to force an AGM.

Royboyclaret

The problem was that, because they were promoted, they were at that point outside the jurisdiction of the FL who were unable to recover the fine being outmuscled by the PL. In truth after relegation, and still no payment, their registration back into the FL should have been refused but was put on ho...

Royboyclaret

"The owners 'wiped' most of it out, in an effort to beat FFP I think I read somewhere, but it didn't quite work. It got a bit messy then suddenly went all quiet." Sidney.......they wrote off £64million of the overall debt and incredibly thought they could get away with a double-entry to the P/L acco...

Royboyclaret

"I'm talking about a total supporter investment of 30%. It's a kind of a blind trust. You put your money where your mouth is. And then you sit back and hope for the best." I know exactly what you're talking about. Let me clarify, the seven Board members own between them slightly over 94% shareholdin...

Royboyclaret

"I think that the average supporter should be allowed to buy shares in the club, as long as it doesn't surpass a certain percentage. Put it in a Supporters Trust, and don't let the total exceed 30% of gross investment." Why would you think that's not possible?.........Just wander into the Bob Lord e...

Royboyclaret

Have a sing-a-long MrTopTier........ ........Scotty Arfield, Scotty, Scotty Arfield, Scotty Arfield found the b@sturds net, b@sturds net alouette, b@sturds net alouette........ .......Joey Barton, Joey, Joey Barton, Joey Barton loves to have a bet, have a bet alouette, have a bet alouette......... ....

Royboyclaret

"The simple solution, for all clubs, is that owners should be allowed to pump in as much money as they like, but only if it is a gift, NOT as a loan."

That's exactly how Manchester City are operating right now, as a result of the amended UEFA rules.

Royboyclaret

Bang on the money C&J.

This is where due diligence by our Board would be crucially important.

Royboyclaret

AshvilleNC........The answer to that lies basically within the thread title. In just the last four seasons their Wage bill has totalled £120million plus a further £80million in other operating costs. Any incoming fees therefore, plus further Venky's cash injection, has gone to covering those costs. ...

Royboyclaret

"can you see any evidence of "Asset stripping" that their fans bleat on about ? " Absolutely none..........as yet, of course. This is the intriguing part of the story and one which Sidney1st has struggled with his Blackburn 'mates' on f@cebook. They're convinced that Venky's are fleecing the club wh...

Royboyclaret

" An interesting footnote to the accounts ( No.28 ) state that since 1st April 2016, they've entered into transfer dealings with a net profit of £10,785,148..."

Clarets4me........See post#30.......that will be the Profit on sale of Hanley and Duffy.

Royboyclaret

There's no doubt they are on a very slippery slope. Hanley and Duffy (at £10m profit on sale) replace Rhodes and Gestede from last year and as stated previously their parachute payments have now ended. Next year probably only Marshall remains as a saleable asset so little or nothing to improve their...

Royboyclaret

Archer.......The £17.3m is Profit on sale of the likes of Rhodes and Gestede and reduces the operating loss from £20.1m to £2.8m. Turnover is unaffected. ElectroClaret.......Championship clubs are now measured for FFP over a 3 year period during which they can lose £39 million (or £13million per yea...

Royboyclaret

As Goody1975 alludes to they are basically stuffed this season. Last year they even had £17m in profit on player sales which reduced the overall loss. This season that virtually disappears as does parachute payments and with a wage bill that remains frighteningly high they have nothing to look forwa...

Royboyclaret

"Were they still receiving Parachute payments as well last season ?"

Their Matchday and commercial Income was £8.7m with £13.1m parachute payments making up the total Turnover of £21.8m.

Royboyclaret

That wage bill of £28.2m will be higher than ours to Jun'16.

Royboyclaret

If profit is the long-term aim then singles only.

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