Villa accounts

[SW4Baggie]

Fugg me. I'm not an accoutant but have I read this right? 32m loss (up 25m!)?!?!?

https://document-api-images-prod.s3.eu-w...713851561b

Far worse than that. That's without the Recon accounts.

I didn't understand the significance of that but over on H&V, someone has said "Once Recon accounts are released which contain our wage bill, this is going to get a whole lot worse. Wage bill could be anywhere between £40-50m by my estimates, so when you add that on to the £32m loss, 2017/18 is looking a disaster. I fear an embargo" 

The thing is, they've been chucking money at it this season too. There must be a cunning plan.

It is a £32.5M loss.

These are only published accounts, not the real deal, but you will notice "Administrative Expenses" of £96.8M, which is basically the wage bill, and runs at 150% of turnover.

Just wow. What a complete crock of shit. Even if you strip back to EBITDA, they have lost almost as much in a year as the FFP 3 year rolling loss allows. They have also spunked more money this year, on top of the wage bill.

If this isn't a total abuse of the P&S rules, then I don't know what is.

Another post on H&V: "Purslow and NSWE agreed a 3 year plan with the EFL due to these inherited losses. Coming in at £39m level would make it nigh on impossible to fix quickly. New 3 year rolling cycle a system far as I’m aware and plan in place "

Implication is they've re-set the clock due to getting new owners.

Important to remember they haven’t got “new owners”

Sawaris has bought 55% of the club, he’s come in as a majority shareholder, the mad doctor still owns 45% of the club

[Sliced]

They have absolutely no chance of making a profit in the next two seasons

[Stig of the Dump]

https://twitter.com/KieranMaguire/status...17088?s=19

Enjoy....

Aston Villa Football Club Limited publishes losses of £32 million for 2017/18. Take these figures with extreme caution as exclude player wages and player transfer amortisation, which are in the accounts of parent Recon Group UK whose accounts are overdue #AVFC #SmokeAndMirrors

[Stig of the Dump]

http://priceoffootball.com/aston-villa-and-ffp/

[richbaggie]

So if I read that right, ok for this year but will have to trim heavily in the summer unless they go up?

[sickParrot]

That was written last year, did they trim in the summer or go for broke?

[chasetownbaggie]

Surprised this hasn't been widely reported in the press. Maybe there's nothing to see here?

[baggiebloke]

The overdue Recon accounts are key.

They're the toxic ones.

[WorcBaggie]

Surprised this hasn't been widely reported in the press. Maybe there's nothing to see here?

There isn't, or more to the point no-one posting on here really knows what is going on despite the pretence that they do.

[baggiebloke]

Surprised this hasn't been widely reported in the press. Maybe there's nothing to see here?

There isn't, or more to the point no-one posting on here really knows what is going on despite the pretence that they do.

Does Dr Tony post on here then?