Quote ="newton warrior"This has been posted on Red Vee:
Saints have released their accounts for the last season at Knowsley Road (financial year to October, 2010). The key points are:
- Losses are up by £500,000 to £1.38m, and total more than £3m in the last four years
- Turnover basically flat (£4.83m v £4.88m in 2009), which is £1m below its 2006 peak
- Sale price of Knowsley Road to Taylor Wimpey was renegotiated down by £1.625m
- Wage bill was 79% of turnover
- Eamonn McManus criticises the club’s management for its commercial failings, writing “it was particularly disappointing that full advantage was not taken of the commercial opportunities availed to the club from its last year at its historic Knowsley Road home.”
- The board plans another debt-for-equity conversion
It all makes for very sobering reading.
Here's the last dozen years, other people can judge whether this year's loss is worse than previous, and whether the trend in recent years is one we should be concerned about:
1999 -£569,205
2000 -£1,557,767
2001 -£940,745
2002 -£871,672
2003 -£376,699
2004 +£137,627
2005 -£31,161
2006 -£259,238
2007 -£400,348
2008 -£449,288
2009 -£861,810
2010 -£1,384,706
An interesting discussion is now taking place, a worry for the game ?'"
Its worrying when you consider that fans wanted to stay at KR until new ground was ready
these figures show that had they not sold knowsley road then saints would be showing a £3.1 million loss
But very astute buisness men never tell you the true picture i.e the percentage loss to turn over was it a 1% loss or a 50% loss the figures they give are are excuse figures, like we had a big loss last year so we cant spend on players.
you wont be getting a pay rise we have no money, they wont have acounted into these figures the money tesco have paid to build a supermarket on the carpark of the new ground.
