Burnley Most profitable!

IanMcL · Post by **IanMcL** » Thu Jan 12, 2017 12:32 pm

10 most profitable club in Europe!
http://www.lancashiretelegraph.co.uk/sp ... s/?ref=mac

IAmAClaret · Post by **IAmAClaret** » Thu Jan 12, 2017 12:34 pm

In terms of operating profit that places Burnley fifth in England, behind Manchester United, Liverpool, Arsenal and Manchester City

That is some bloody achievement. Well done to the board, again!

KRBFC · Post by **KRBFC** » Thu Jan 12, 2017 12:35 pm

Are you surprised? we gained millions for promotion and followed it up with signing Sordell and Reid. We must be swimming innit

PremierLeagueClass · Post by **PremierLeagueClass** » Thu Jan 12, 2017 12:39 pm

Enjoy it, there has never been a better time to be a Burnley fan...

IAmAClaret · Post by **IAmAClaret** » Thu Jan 12, 2017 12:40 pm

KRBFC wrote:Are you surprised? we gained millions for promotion and followed it up with signing Sordell and Reid. We must be swimming innit

Proves how little you understand/know.

claretspice · Post by **claretspice** » Thu Jan 12, 2017 12:42 pm

I don't think it is in the least bit surprising. The commitment to being a club which is on a sustainable footing in the event of relegation to the Championship is always going to result in a huge profit whilst we are in the Premier League.

The challenge is making sure that the cash pile we are developing is properly invested. As it happens, as a football club we operate in one of the best markets for investments, giving the ever-spiralling transfer market. No time like the present.

KRBFC · Post by **KRBFC** » Thu Jan 12, 2017 12:45 pm

IAmAClaret wrote:Proves how little you understand/know.

How? A team who gains promotion to the PL and spends next to nothing on transfer fees (rightly or wrongly) will be making a huge profit. It's not really complicated stuff, in fact common sense.

Sidney1st · Post by **Sidney1st** » Thu Jan 12, 2017 12:47 pm

KRBFC wrote:How? A team who gains promotion to the PL and spends next to nothing on transfer fees (rightly or wrongly) will be making a huge profit. It's not really complicated stuff, in fact common sense.

I thought we only had £10 million cash reserves at one point in the last year or two?

ElectroClaret · Post by **ElectroClaret** » Thu Jan 12, 2017 12:50 pm

Aaaaare you watching Deadwood Park,...

Aaaaare you waaatching Dead..Wood Park.........

Royboyclaret · Post by **Royboyclaret** » Thu Jan 12, 2017 12:50 pm

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.

Winstonswhite · Post by **Winstonswhite** » Thu Jan 12, 2017 12:53 pm

Royboyclaret wrote: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.

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

ksrclaret · Post by **ksrclaret** » Thu Jan 12, 2017 12:54 pm

Royboyclaret wrote: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.

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

ElectroClaret · Post by **ElectroClaret** » Thu Jan 12, 2017 12:55 pm

Yeah, don't be such a wet blanket, Royboy....WE'RE MINTED !!!!

REJOICE!!!

Royboyclaret · Post by **Royboyclaret** » Thu Jan 12, 2017 12:56 pm

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

Correct Winston.

Royboyclaret · Post by **Royboyclaret** » Thu Jan 12, 2017 1:01 pm

"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.

KRBFC · Post by **KRBFC** » Thu Jan 12, 2017 1:02 pm

If we get relegated this season, hopefully we don't hear the same ''look at the profit we made'' garbage we heard last time from the board after suffering relegation. Bragging about profit made after relegation for signing League One standard players and not backing our manager didn't sit well with me.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 1:05 pm

Do you ever have a day off being a ****

Tall Paul · Post by **Tall Paul** » Thu Jan 12, 2017 1:09 pm

KRBFC wrote:How? A team who gains promotion to the PL and spends next to nothing on transfer fees (rightly or wrongly) will be making a huge profit. It's not really complicated stuff, in fact common sense.

Transfer fees are spread over the lifetime of a player's contract, so they don't have as big an effect on profit as you infer.

KRBFC · Post by **KRBFC** » Thu Jan 12, 2017 1:12 pm

claretdom wrote:Do you ever have a day off being a ****

Looking back I'm shocked at how fans on here were completely fine with us signing Sordell, Reid, Juke after promotion heading into a PL season. The board got away scot free, no questions asked. It's quite funny now, Marvin Sordell (who was loaned from Bolton to Charlton, both who were fighting relegation in the Championship) gets a PL move

NRC · Post by **NRC** » Thu Jan 12, 2017 1:16 pm

claretspice wrote:I don't think it is in the least bit surprising. The commitment to being a club which is on a sustainable footing in the event of relegation to the Championship is always going to result in a huge profit whilst we are in the Premier League.

The challenge is making sure that the cash pile we are developing is properly invested. As it happens, as a football club we operate in one of the best markets for investments, giving the ever-spiralling transfer market. No time like the present.

can you explain that further Spice? While ever-spiraling fees for playing assets is the current standard, we fail to capitalize by selling assets we produce through the academy, so I'm a little lost

MACCA · Post by **MACCA** » Thu Jan 12, 2017 1:18 pm

We planned and budgeted for 1 season in PL. I think all fans know that, hence buying championship players.

If you win the lotto you don't blow it all in a year do you.

Sidney1st · Post by **Sidney1st** » Thu Jan 12, 2017 1:19 pm

I'm fairly certain some where questioning the signings of the 3 players you've mentioned, especially Reid.

The difference is some of us are prepared to give the manager some slack/time instead of attacking everything he tries to do.
Sordell had real potential when he first broke onto the scene, Juke had scored goals in the championship, but there were certainly questions asked.

Reid - old head etc, but again eyebrows were raised when he was signed.

We didn't get relegated due to those 3 signings, it was the squad overall not being good enough to keep us up.

summitclaret · Post by **summitclaret** » Thu Jan 12, 2017 1:19 pm

Post 16 is spot.

It still hurts that they bragged when we had no cover for Marney.

Tall Paul · Post by **Tall Paul** » Thu Jan 12, 2017 1:25 pm

summitclaret wrote:Post 16 is spot.

It still hurts that they bragged when we had no cover for Marney.

Those profits we made in the PL is how we could afford players like Gray, Barton, Lowton last season which have enabled us to come back up stronger this season.

It's called a long term strategy.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 1:29 pm

It is never hard to spot those who get paid monthly and by the end of week 2 the following month are counting down the days to payday.

summitclaret · Post by **summitclaret** » Thu Jan 12, 2017 1:37 pm

Give over Paul - A loan costing less than £1m in exhange for staying up, was all that it would probably have taken. Peanutss out of £30m plus.

Socrates · Post by **Socrates** » Thu Jan 12, 2017 1:37 pm

PremierLeagueClass wrote:Enjoy it, there has never been a better time to be a Burnley fan...

What about when we were Champions of England?

CnBtruntru · Post by **CnBtruntru** » Thu Jan 12, 2017 1:39 pm

KRBFC wrote:Are you surprised? we gained millions for promotion and followed it up with signing Sordell and Reid. We must be swimming innit

Aye and look where we are now, languishing in Division 1, Oh hang on!

Sidney1st · Post by **Sidney1st** » Thu Jan 12, 2017 1:40 pm

summitclaret wrote:Give over Paul - A loan costing less than £1m in exhange for staying up, was all that it would probably have taken. Peanutss out of £30m plus.

Didn't we have Lansbury ready to sign for Fawaz to change his mind?

That deal could've been the difference.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 1:40 pm

summitclaret wrote:Give over Paul - A loan costing less than £1m in exhange for staying up, was all that it would probably have taken. Peanutss out of £30m plus.

Who was this player for under 1m that we should have signed to keep us up ?

Royboyclaret · Post by **Royboyclaret** » Thu Jan 12, 2017 1:41 pm

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 a players' contract actually affects one years' figures, not the transfer fee itself.

So, for instance, if we buy three players in this financial year for a combined total of £20m and each one was on a four year contract, only £5m would be charged against the accounts in the current year.

ShabbaRanks · Post by **ShabbaRanks** » Thu Jan 12, 2017 1:46 pm

Can anyone shed any light on what cash reserves we actually have?

That article suggests we made 40m net profit in our last PL season. I imagine with the help of the parachute payments and player outgoings last year we broke even or made a small loss, and then again this year what was the quoted amount? 100m?

So if wages remain constant till the end of the season and we sign no one else, and we assume all of the money is given to us (i know its given in increments) roughly what do we have sitting in the bank?

I know it's not as simple as what i've just said as there's all sorts of factors to take into account, but a ball park figure?

dsr · Post by **dsr** » Thu Jan 12, 2017 1:49 pm

claretdom wrote:Who was this player for under 1m that we should have signed to keep us up ?

Anyone would have done, I reckon. For example, Chelsea must have had a few youngsters who could have instantly transformed the team - that Chalobah, for example - did we never consider trying to sign him?

Tall Paul · Post by **Tall Paul** » Thu Jan 12, 2017 1:54 pm

ShabbaRanks wrote:Can anyone shed any light on what cash reserves we actually have?

That article suggests we made 40m net profit in our last PL season. I imagine with the help of the parachute payments and player outgoings last year we broke even or made a small loss, and then again this year what was the quoted amount? 100m?

So if wages remain constant till the end of the season and we sign no one else, and we assume all of the money is given to us (i know its given in increments) roughly what do we have sitting in the bank?

I know it's not as simple as what i've just said as there's all sorts of factors to take into account, but a ball park figure?

Royboyclaret · Post by **Royboyclaret** » Thu Jan 12, 2017 2:03 pm

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 fathom.

The only thing we can say with real certainty is that Income will be down by £40m (£79m to £39m), wages will be down by say £7m ( £29m to £22m) but promotion bonuses of say £10m will be offset by the profit on player sales of Ings, Tripps and Shackell. Overheads and depreciation will show a slight increase so taking all of that into account we're likely to report a near breakeven situation to Jun'16.

Since then we've received three stage payments of the £105m for potentially finishing 17th but are now of course back paying PL salaries. Cash flow is always a problem for us but there ought to be sufficient funds for Dyche to spend upwards of £20m in the January window, if he so pleases.

summitclaret · Post by **summitclaret** » Thu Jan 12, 2017 2:16 pm

"Who was this player for under 1m that we should have signed to keep us up "

Anybody that was an experienced centre midfielder as a loan signing would have been better than Arfield ( we had no other back up whatsoever even as a sub).

The good news is that lessons hve been learnt this window as JB has already signed.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 2:18 pm

My mistake summit, I thought you were implying there was a player out there who would have cost peanuts, in fact less than 1m that would have kept us up. Just reading that back I accept you would never make such a daft comment.

Imploding Turtle · Post by **Imploding Turtle** » Thu Jan 12, 2017 2:30 pm

It helps that we have a wage bill lower than Chapecoense.

randomclaret2 · Post by **randomclaret2** » Thu Jan 12, 2017 2:42 pm

Another unpleasant and unnecessary comment.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 2:49 pm

randomclaret2 wrote:Another unpleasant and unnecessary comment.

Its about his level

fidelcastro · Post by **fidelcastro** » Thu Jan 12, 2017 2:52 pm

That's bang out of order, Turtle.

Clarets4me · Post by **Clarets4me** » Thu Jan 12, 2017 3:08 pm

Imploding Turtle wrote:It helps that we have a wage bill lower than Chapecoense.

To paraphrase an old saying.. " Sometimes it is better to remain silent and people may think you stupid, than to open your mouth and remove any element of doubt "

FactualFrank · Post by **FactualFrank** » Thu Jan 12, 2017 3:10 pm

Imploding Turtle wrote:It helps that we have a wage bill lower than Chapecoense.

Good grief.

Lord Beamish · Post by **Lord Beamish** » Thu Jan 12, 2017 3:29 pm

I have a pretty dark sense of humour, Imploding Turtle, but I genuinely feel that that is a bit of a faux pas for you right there.

claretdom · Post by **claretdom** » Thu Jan 12, 2017 3:30 pm

Gives him the attention he craves if nothing else.

Imploding Turtle · Post by **Imploding Turtle** » Thu Jan 12, 2017 3:36 pm

Pfft. PC culture.

ontario claret · Post by **ontario claret** » Thu Jan 12, 2017 5:28 pm

People talk about our money, but we can't just sit on it. Look at North American automakers. They kept putting out the same kind of product year after year. and made oodles of money, until they got run over by the Japanese. Let's not pat ourselves on the back too much.

Clareting · Post by **Clareting** » Thu Jan 12, 2017 5:46 pm

He made a similar joke on Reddit a couple of weeks ago, didn't go down well on there either..

https://www.reddit.com/r/soccer/comment ... the_offer/" onclick="window.open(this.href);return false;

Paul Waine · Post by **Paul Waine** » Thu Jan 12, 2017 5:46 pm

KRBFC wrote:Looking back I'm shocked at how fans on here were completely fine with us signing Sordell, Reid, Juke after promotion heading into a PL season. The board got away scot free, no questions asked. It's quite funny now, Marvin Sordell (who was loaned from Bolton to Charlton, both who were fighting relegation in the Championship) gets a PL move

Hi KRBFC, I read your first post on this thread as congratulating the board on having the good sense to spend modestly on the first time Sean Dyche gained promotion to the Prem. I guess you know that Sean achieved promotion ahead of schedule - it just shows how good he is. I'm sure the board knew that the club needed to "husband" resources - digressing, is there also an expression to "wife" resources? - and to prepare for our second Prem season and ensure we have a great chance, with the team/squad/group led by SEan Dyche, to build a period of several seasons in the Prem.

Well done Burnley Football Club Board, Sean Dyche and all the players.

UTC

Paul Waine · Post by **Paul Waine** » Thu Jan 12, 2017 5:54 pm

ShabbaRanks wrote:Can anyone shed any light on what cash reserves we actually have?

That article suggests we made 40m net profit in our last PL season. I imagine with the help of the parachute payments and player outgoings last year we broke even or made a small loss, and then again this year what was the quoted amount? 100m?

So if wages remain constant till the end of the season and we sign no one else, and we assume all of the money is given to us (i know its given in increments) roughly what do we have sitting in the bank?

I know it's not as simple as what i've just said as there's all sorts of factors to take into account, but a ball park figure?

Didn't we sign Defour, Hendrick and JBG last summer? How can wages "remain constant?" Do all the 2015/16 squad stay on the same money after promotion? Haven't some already signed new contracts?

I think we are also spending money on Gawthorpe.

Difficult to predict p&l for 2016/17. I'm sure the board and SD have got things under control.

UTC