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SPL Finances


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I'm sure someone has posted a link to this site before but it has been recently up dated.  The afc results aren't great but seem to be stabilizing, hearts on the other hand must be truly fucked

 

http://www.football-finances.org.uk/aberdeen/index.htm

 

http://www.football-finances.org.uk/hibs/index.htm

 

http://www.football-finances.org.uk/hearts/

 

http://www.football-finances.org.uk/rangers/index.htm

 

http://www.football-finances.org.uk/celtic/index.htm

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Skimming through it (as I'm useless with money matters) I see that our debt last year was £10.9m, this year it was £11.5m (the difference being - £0.6m) and the interest we paid on the debt this year was £0.676m.

 

If we hadn't had to pay so much interest then we'd actually have decreased the debt ever so slightly.

 

Hmmmmm......... I wonder if there would be anyone who would give us an interest free loan for a drop in the ocean of what he's worth........?

 

Probably Definitely not.

 

::)

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profit14.gif

 

This graph actually gives me some encouragement that something right is being done down Pittodrie way in a financial sense. Next years financial results will include last seasons European run and some key player transfers which I'd hope would show us having one of the best financial years for a long time.

 

Everything hinges on the new stadium and the financing structure to pay for it. Without crippling debts its clear that AFC can be run as a profitable business. If we start off again at 'new Pittodrie' with a similar amount of debt (or greater) then we're going to be struggling for years again.

 

This is where SM needs to make the choice to invest or GTF or we'll continue with the mediocrity.

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Jeesus - do we need to go thru this again?!?!?

 

The amount of interest payable on the loan will be the same regardless of whether the loan is repaid before the due date.

 

The fact that this deal was brokered was due to Milne underwriting the debt and he actually brockered a lower interest rate.

 

All of which is payable in a oner in 2011.

 

Luckily the combined sales of Ricky Foster and Andy Considine will wipe out that debt issue.

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Guest macbeth

I take it all the financial info is available to the public then?  Where exactly does the person who's set-up that site get their numbers from?   ???

 

Hi

 

It is from the club accounts which you can either get from the club site, or from Companies House. I'm only prepared to use the club figures as I don't want anyone accusing me of making things up to try and make a point :)

 

 

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Hi

 

It is from the club accounts which you can either get from the club site, or from Companies House. I'm only prepared to use the club figures as I don't want anyone accusing me of making things up to try and make a point :)

 

 

 

Ah, so I assume it's you that's doing all the work?  Keep it up  :thumbsup:

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