LaticsSideOfLife Posted November 19, 2012 Share Posted November 19, 2012 We may not be the in the best financial position but Sheffield united have just announced losses £14m with a turnover downfall of £4.1m ! At least we made a profit thanks to anfield and the JPT cup run! Quote Link to comment Share on other sites More sharing options...
Chaddyender2 Posted November 19, 2012 Share Posted November 19, 2012 We are in a better position than that as the revenue from liverpool game will be in next years accounts wont it? Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 We are in a better position than that as the revenue from liverpool game will be in next years accounts wont it? We turned a profit by around £40,000 last season. There is a thread on here below which goes into our profit a little more. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 19, 2012 Share Posted November 19, 2012 Do you have a link? Are they still paying Palace for the dodgy points deduction thing? Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 Do you have a link? Are they still paying Palace for the dodgy points deduction thing? I thought they was paying west ham? Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 19, 2012 Share Posted November 19, 2012 (edited) I thought they was paying west ham? Them too - and West Ham were paying Sheff Utd! (bad morning at work) Edited November 19, 2012 by opinions4u Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 Them too - and West Ham were paying Sheff Utd! (bad morning at work) http://www.sufc.co.uk/news/article/20121119-blades-transition-moves-forward-494383.aspx £13 losses. Argh yeah was west ham paying them but that's been cleared when gold took over at west ham Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 19, 2012 Share Posted November 19, 2012 For the year ended June 2012, turnover fell by £4.1m to £10.2m. The loss on continuing operations was £12m (2011: £12.3m). Player trading in the year contributed a profit of £1.6m offsetting some of the interest costs (£2.6m) taking Sheffield United plc to a retained loss of £13m (2011: £13.6m). So they turnover £10.2m. The first bill they pay is £2.6m in interest. Then they spend a further £20.6m? And they total losses of £13m? :censored: or bust for them this season then! Surely their opening paragraph means "we're screwed". Blades transition moves forward to cope with impact of League One Positive moves aimed at making Sheffield United a self-sustained business were outlined today in its annual report and accounts which saw the League One club announce a retained loss of £13m. Quote Link to comment Share on other sites More sharing options...
Tommy_Fent Posted November 19, 2012 Share Posted November 19, 2012 basically the money they made from selling off the corner of their ground to build the Corpthorne Hotel and Gym has dried up and the other corner contains an office block with only a small amount of office space actually taken up, this might explain the delay to build our new stand. Although I'm sure we'll be a bit more careful with our money, I've seen what some of the Sheff Utd players drive and I'm sure a lot of our players would be jealous Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 basically the money they made from selling off the corner of their ground to build the Corpthorne Hotel and Gym has dried up and the other corner contains an office block with only a small amount of office space actually taken up, this might explain the delay to build our new stand. Although I'm sure we'll be a bit more careful with our money, I've seen what some of the Sheff Utd players drive and I'm sure a lot of our players would be jealous If they don't go up their screwed! Simple as. Quote Link to comment Share on other sites More sharing options...
ZiggaZaggaAthletic Posted November 19, 2012 Share Posted November 19, 2012 confused, wouldnt we work through the financial year apr to apr... therefore the liverpool game would come under the April 2011 to April 2012 financial report? Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 confused, wouldnt we work through the financial year apr to apr... therefore the liverpool game would come under the April 2011 to April 2012 financial report? Which it did. That's why for the financial year we was £41,000 in profit. Quote Link to comment Share on other sites More sharing options...
ZiggaZaggaAthletic Posted November 19, 2012 Share Posted November 19, 2012 Which it did. That's why for the financial year we was £41,000 in profit. Club record? Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 Club record? Play off season was a little more I think also Everton season too. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 19, 2012 Share Posted November 19, 2012 I thought the other thread said £8k profit for us, with financial year mirroring the calendar year. Can't remember. Can't be arsed looking. Quote Link to comment Share on other sites More sharing options...
LaticsSideOfLife Posted November 19, 2012 Author Share Posted November 19, 2012 I thought the other thread said £8k profit for us, with financial year mirroring the calendar year. Can't remember. Can't be arsed looking. Yeah your right. http://www.owtb.co.uk/index.php?showtopic=40027#entry578282 But that was nothing to do with Liverpool. Quote Link to comment Share on other sites More sharing options...
rudemedic Posted November 19, 2012 Share Posted November 19, 2012 Club record? The year we went down from the Prem we apparently made £800k profit, that doesn't include the sale of players in the close season either. Given, amongst that sale, we sold Gerrard for £800k you can see that we won't come close to breaking that record any time soon. Unless City sell Richards for a fortune. Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted November 19, 2012 Share Posted November 19, 2012 Lies, damn, lies, statistics and accounting practices Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted November 20, 2012 Share Posted November 20, 2012 confused, wouldnt we work through the financial year apr to apr... therefore the liverpool game would come under the April 2011 to April 2012 financial report? That's the standard tax year and some businesses run the same way, but you have scope to choose your own. I believe OAFC use a calender year. If you think of all the PLC's for e.g. they announce their results at different times. Quote Link to comment Share on other sites More sharing options...
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