The financial health of the Premier League

[MJG]

Good database from Matt Scott in the Telegraph based on 2010-11 season

http://www.telegraph.co.uk/sport/football/competitions/premier-league/9255617/Revealed-the-financial-health-of-the-Premier-League-laid-bare.html

[White Noise]

http://www.telegraph.co.uk/sport/football/competitions/premier-league/9255869/Exclusive-Why-our-solvency-index-is-the-best-indicator-of-the-current-health-of-the-Premier-League.html

[elgreenio]

speaking of which, anybody got any idea when we'll be getting the next set of financial results?

[MJG]

speaking of which, anybody got any idea when we'll be getting the next set of financial results?

Last Accounts Made Up To: 30/06/2011  (DORMANT)
Next Accounts Due: 31/03/2013
Last Return Made Up To: 30/11/2011
Next Return Due: 28/12/2012

[MJG]

The post below was incorrect and I realised that the accounts for Fulham had been produced for 2010-11 and were available from Feb 2012 to see.

I have had a quick scan and one  interesting fact from it is that we are from July 2012 paying back the loans to MAF at £10M per year.
Previoulsy the debt was payable back on demand or within the following 12 months but its been rescheduled as above.

[elgreenio]

yeh I know that's supposed to be the case but I can't really see that schedule sticking, especially if a new Riverside is granted and we have to bankroll that as well.

[MJG]

yeh I know that's supposed to be the case but I can't really see that schedule sticking, especially if a new Riverside is granted and we have to bankroll that as well.

Its the first time I have seen it in the accounts as almost a standing order every July.
Needs to be done really because we can't continue with a figure of £170-200M debt all the time.
We make a little profit here or there and it makes no dent at all.
Also our wages in 10-11 went up 17%, granted thats mostly on Hughes and his coach load of hangers on but we cannot continue with that.

[TonyGilroy]

The post below was incorrect and I realised that the accounts for Fulham had been produced for 2010-11 and were available from Feb 2012 to see.

I have had a quick scan and one  interesting fact from it is that we are from July 2012 paying back the loans to MAF at £10M per year.
Previoulsy the debt was payable back on demand or within the following 12 months but its been rescheduled as above.

As a way, perhaps, of turning a profit into a loss and not therefore paying tax?

[SG]

The post below was incorrect and I realised that the accounts for Fulham had been produced for 2010-11 and were available from Feb 2012 to see.

I have had a quick scan and one  interesting fact from it is that we are from July 2012 paying back the loans to MAF at £10M per year.
Previoulsy the debt was payable back on demand or within the following 12 months but its been rescheduled as above.

As a way, perhaps, of turning a profit into a loss and not therefore paying tax?

TG - repaying the loans is a Balance Sheet transaction and should not impact on the P&L other than possibly reducing the interest cost (and thus increasing the profit) if that is these loans are interest bearing. Having said that the accounts are labyrynthine (spelling?) in their construction so its anyone's guess.