I kind of covered this yesterday PaulPaul Waine wrote: ↑Wed Jan 13, 2021 10:52 pmHi CP, you and I, I believe, have both taken a look at Southampton's latest financial report. You are also knowledgeable about the timing of distribution of tv money to the clubs. Are there any clues in the Soton figures that can help us prepare decent estimates for BFC, not just of the club's p&l for the 13 months to 31-July-2020, but also the cash balances at the end of December. If the largest part of the Premier League tv money is paid to the clubs at the start of the season (?) and further payments are rec'd sometime in 2021 (are there one or two more payments due? when are the final position payments paid? etc)? What do we estimate are the monthly cash wages to the players and other staff - remembering that PAYE and NIC are deducted and paid to HMRC later (do we know if this is monthly or quarterly? or is a deferral scheme running, as it is with VAT)?
What I'm getting at. is there may have been a large amount of cash in the club's bank account. But, a large amount of the cash could have been spoken for over the next several months....
Soton made big losses in 2019-20. Some of that is down to covid-19 and the suspension of football. Are there estimates of BFC's position at 31-Jul-2020? How much of Mike Garlick's "we could lose £50m" looks like a reasonable estimate - taking into account what we can learn from Soton?
Exciting times.
UTC
The £55m figure was entirely reasonable to my mind - even post December wages, 2nd Premier League central payment is due in Feb (the first 2 are based on the equal shares and add up to around £80 - £85m) - I would also work on rebates being taken out of the 3rd and final "Merit/appearance" payment due at the end of the season
unknowns are:
- when bonuses are paid (is it just Dyche and his team due in Feb?
- what is our commercial income and when do we receive it
- do we have transfer instalments to pay (Brownhill?)
- what level of cost cutting has been made in both wages and operations
- whether the Pace and chums are going to be extracting salaries/consultancy fees and at what rate (and for how many individuals)