BFC Accounts up to 31 May 2019 submitted today

Discussion in 'Bulletin Board' started by BarnsleyReds, Mar 3, 2020.

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  1. Arc

    Archerfield Well-Known Member

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    If the sum had been paid I’d expect to see this in the cash flow. The accounts really show how the EFL payments are so critical to the club.
     
    Archerfield, Mar 4, 2020
    #21
  2. Andy Mac

    Andy Mac Well-Known Member

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    I'm not financially savvy, but I found that bit interesting, having just read about Aston Villa's statement, also released today:

    The statement also showed wages had risen 16% to £7m, with turnover dropping 20% to £51.4m because of a reduction in parachute payments.
    https://www.bbc.co.uk/sport/football/51738406
     
    Andy Mac, Mar 4, 2020
    #22
  3. She

    Sheriff Well-Known Member

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    I suspect it was an error in the original post, as the sentence now reads "The statement also showed turnover dropping 20% to £51.4m because of a reduction in parachute payments." Not a chance that Villa only paid £7m in wages.
     
    Sheriff, Mar 4, 2020
    #23
  4. She

    Sheriff Well-Known Member

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    Just the small matter of a £95m wage bill, in fact.

     
    Sheriff, Mar 4, 2020
    #24
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  5. dreamboy3000

    dreamboy3000 Well-Known Member

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    I doubt by the 68.5% increase in director wages that our board care about the handful of staff they got shut of.
     
    dreamboy3000, Mar 4, 2020
    #25
  6. BarnsleyReds

    BarnsleyReds Well-Known Member

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    I suspect it meant risen BY 7m, not to 7m
     
    BarnsleyReds, Mar 4, 2020
    #26
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  7. BarnsleyReds

    BarnsleyReds Well-Known Member

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    I imagine the director salaries will be Robert Zuk and Dane Murphy. Wasn’t there something about Dane’s wife also being employed for visa reasons? Perhaps that is also included if true
     
    BarnsleyReds, Mar 4, 2020
    #27
  8. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Dont we have more board members though - a consortium of 5 taking over from Patrick so I think we lost PC and Barry Taylor but gained 3 new board members to be paid
     
    Farnham_Red, Mar 4, 2020
    #28
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  9. dreamboy3000

    dreamboy3000 Well-Known Member

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    But the owners have said many times they don't take a money out of the club which makes such a vast increase in just one year look odd.
     
    dreamboy3000, Mar 4, 2020
    #29
  10. MexboroughTyke

    MexboroughTyke Well-Known Member

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    Dane wasn’t appointed until after this period, I don’t think? Would assume Conway was the largest earner during his interim role of CEO, after Ganaye departed.
     
    MexboroughTyke, Mar 4, 2020
    #30
  11. MexboroughTyke

    MexboroughTyke Well-Known Member

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    Directors doesn’t necessarily mean owners. I’m not sure if Robert Zuk has any shareholding, but he’s a director of the company and also has a role of Finance Director. He’s hardly going to do that for free.

    Just an assumption, but I’d say the increase is due to Conway undertaking the temporary role of CEO.
     
    MexboroughTyke, Mar 4, 2020
    #31
  12. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    They havent said they wont take a salary - thats not really the same as most think taking money out of the club means
     
    Farnham_Red, Mar 4, 2020
    #32
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  13. Bre

    BreweryStander Well-Known Member

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    I, for one, don't have an issue with Paul Conway being remunerated for the time he spent as a CEO after Ganaye departed or indeed compensated for the time he wasn't able to attend to his other interests.
     
    BreweryStander, Mar 4, 2020
    #33
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  14. SuperTyke

    SuperTyke Well-Known Member

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    Losing millions with owners who have stated they will not invest their own money.

    Remind me again why so many people are convinced that our future is as safe as they think it is
     
    SuperTyke, Mar 4, 2020
    #34
  15. SuperTyke

    SuperTyke Well-Known Member

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    Considering how badly he performed. I do.
     
    SuperTyke, Mar 4, 2020
    #35
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  16. MexboroughTyke

    MexboroughTyke Well-Known Member

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    What would you have done differently?

    Sold Bradshaw, and not replaced him with anybody in order to balance the books? Sell off a few other assets and replace them with cheaper options? I’m sure you’d have moaned if we’d have done either of those.
     
    MexboroughTyke, Mar 4, 2020
    #36
  17. Gordon Owen

    Gordon Owen Well-Known Member

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    Lost millions due to a relegation didn't we, we lose £6 million straight away.

    You do know that though don't you ;)
     
    Gordon Owen, Mar 4, 2020
    #37
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