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Financial Results

Forbes most valuable club has us at #11 just behind Liverpool ( and how is Arsenal #4???)
http://www.forbes.com/soccer-valuations/list/

Values calculated April 2013
Rank Team Current Value ($mil) 1-Yr Value Change (%) Debt/Value
(%) Revenue ($mil) Operating Income ($mil)
1
Real Madrid
3,300 76 5 650 170
2
Manchester United
3,165 42 18 502 144
3
Barcelona
2,600 99 6 613 160
4
Arsenal
1,326 3 29 368 55
5
Bayern Munich
1,309 6 5 468 88
6
AC Milan
945 -4 5 326 19
7
Chelsea
901 18 0 409 82
8
Juventus
694 17 12 248 20
9
Emirates Marketing Project
689 56 7 362 -53
10
Liverpool
651 5 17 296 19
11
Tottenham Hotspur
520 -8 15 226 36
12
Schalke 04
498 -15 0 221 47
13
Borussia Dortmund
456 16 18 240 54
14
Inter Milan
401 -18 16 236 -89
15
Olympique Lyonnais
368 -4 8 167 -6
 
The big Eastlands sponsorship and lost of smaller ones by other family owned businesses I would assume.
 
All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House.

In the big spreadsheet it says: Accounts (of the holding company, Fordstam) for the year to June 30 2012
 
Is Chelsea as a club/business now worth £878mil + the value of the club before = £1 billion + ???

How does that work? (seriously I have no clue of this stuff)

I think the £878 million are the interest free loans they've had from Roman. Basically what he's spent on buying trophies, it's way higher than the actual value of the players and the club IMO.
 
How convient. PSG run along the same lines, further proof that all this FFP malarkey is utter tripe

FFP doesn't come in until next season and it's introduction is phased. UEFA say that sponsorship will have to be at market rates, so theoretically, getting friendly companies to over pay so that you can dope your books should not happen.
 
I think the £878 million are the interest free loans they've had from Roman. Basically what he's spent on buying trophies, it's way higher than the actual value of the players and the club IMO.

saddest indictment of football, makes a mockery of his club and its fans
 
Wait.. That says Chelsea have 800m+ debt. The Swiss Ramble guy says they have no debt.


:-k

Data from before Roman turned it all into equity?

Supposedly he converted it all into equity. He was reported to have converted half a few years ago and the rest a year or so ago. The Guadian spread sheet for the year before lists the Chelsea debt as £92m. That's a massive increase in one year.

I think I read something questioning whether the debt had been repaid or just shuffled elsewhere (like United's debt?). So it's possible that they've changed which company they do the accounts on, e.g. the club's debt was converted into equity owned by the holding company which borrowed the money from RA.
 
FFP doesn't come in until next season and it's introduction is phased. UEFA say that sponsorship will have to be at market rates, so theoretically, getting friendly companies to over pay so that you can dope your books should not happen.

That's not 100% true to my knowledge. The monitoring period started last season actually (2011/2012) but there were exemptions for some expenditure.
Monitoring%20Periods.jpg

I guess Chelsea were reading note number 2.


Shamelessly robbed from elsewhere...

1. Losses over €5m
UEFA are keen to ensure that clubs don't go deeper and deeper into debt so insist that any clubs losses over €5m during a single Monitoring Period are fully funded by their owner. In practice this means that clubs can only lose up to the maximum €45m during the first Monitoring Period if their owner is able and willing to put their hand in their pocket for any loss over €5m and, in UEFA's terminology, 'convert the loss to equity'. But what does this term mean and what are the implications? Let's use an example of a club losing €30m during the first Monitoring Period. We can see that the club passes the Break-Even test (as the loss is below the €45 threshold). However the €30m loss is above the €5m figure and the owner will need to take some action. In this example the club will create additional shares which the owner will have to buy for €25m (the difference between €30m and €5m). The Club will gain €25m in cash (ensuring the club's overdraft/debt doesn't increase) and the owner will be out of pocket by €25. However, the owner will now hold a potentially worthless paper share certificate. The problem for the owner is that they may never get their €25m back again they might possibly get it back if they sold the club, or if the club makes a profit in future years and he gets paid a dividend). This scenario might not trouble Abramovich or Sheikh Mansour but is the irksome prospect facing the owners of clubs such as Saudi Sportswashing Machine, Sunderland and Aston Villa.
 
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How convient. PSG run along the same lines, further proof that all this FFP malarkey is utter tripe

Financial 'Fair' play is not about stopping excessive spending, it's about preventing debt. The real reason for it is so that if a rich owner walks away from the club, or a chairman/board act foolishly, that is doesn't affect the clubs who are selling players to those teams or who are owed money. Because if those clubs don't get paid then they can't afford to pay other clubs, etc, etc.

Uefa don't give a brick about teams "cheating" their way around financial fair play as long as they are spending their own (owner's) money to do so. That's why teams like City, PSG, etc are signing enormous sponsorship deals for way above their market worth. If people think that FFP will or is meant to stop teams like City and Chelsea in their tracks they are seriously deluded. You should ask yourself why on earth UEFA would want less money in football.
 
Financial 'Fair' play is not about stopping excessive spending, it's about preventing debt. The real reason for it is so that if a rich owner walks away from the club, or a chairman/board act foolishly, that is doesn't affect the clubs who are selling players to those teams or who are owed money. Because if those clubs don't get paid then they can't afford to pay other clubs, etc, etc.

Uefa don't give a brick about teams "cheating" their way around financial fair play as long as they are spending their own (owner's) money to do so. That's why teams like City, PSG, etc are signing enormous sponsorship deals for way above their market worth. If people think that FFP will or is meant to stop teams like City and Chelsea in their tracks they are seriously deluded. You should ask yourself why on earth UEFA would want less money in football.

Very good summary overall - although a point was made about sponsorship deals having to be 'market-related', although the very next question here would be - how do you determine that?
 
http://www.tottenhamhotspur.com/news/financial-results-270315/

Financial Highlights

Revenue for the year ended 30 June 2014 was at a record level of £180.5m, an increase of 22% on the prior year (2013: £147.4m).

Profit from operations excluding football trading and before restructuring and depreciation was £36.0m (2013: £23.4m). Profit for the year after interest and tax was £65.3m (2013: £1.5m).

The Club had net funds of £3.2m at the year end (2013: net debt £54.8m) and net assets had risen to £183.7 million (2013: £78.4m).

Northumberland Development Project (NDP) Update

The Club has been actively engaged with developments that contribute to the uplift of the local area. To date we have delivered Brook House, in partnership with Newlon Housing Trust, which has 23 floors of shared ownership housing along with a new primary school. We have also completed Phase 1 of the NDP, Lilywhite House, which comprises a major new Sainsbury’s, a University Technical College and our new Club offices.

Visitors to the stadium will have seen the extensive site clearance work underway in preparation for the new stadium.

In respect of the last remaining property needed to complete the stadium site assembly, the lengthy challenge by Archway Sheet Metal Works Limited to the Secretary of State’s decision to grant a Compulsory Purchase Order (CPO) was comprehensively rejected on all grounds after a High Court hearing in February 2015.

Haringey Council has now started the legal CPO process that will culminate with the land price being determined by the Lands Chamber of the Upper Tribunal. On 6 March 2015 the Council published and served a Notice of Intention to execute a General Vesting Declaration in respect of the CPO land (which includes the Archway land). Service of this notice allows Haringey Council to execute a General Vesting Declaration from 7 May 2015. This will allow the Council to take possession of all remaining parcels of land under the CPO from 5 June 2015.

We shall continue to provide updates as matters progress.

Player Accommodation Lodge at the Training Centre

We were delighted that our application to build a Private Lodge for player accommodation, on a site adjacent to the Training Centre, was approved by Enfield Council in February.

The scheme will deliver high quality private accommodation for the First Team and Academy in an architecturally designed facility, and will allow the Club to create a controlled, consistent and familiar environment for our players to optimise rest, rehabilitation, recovery and diet alongside our world-class Training Centre.

Spurs Lodge, Chigwell

The Club has been working on several options for our previous Training facility in Chigwell and an application, led by the Anderson Foundation to deliver a state of the art school for young people with autism, aged 4 to 25, and a world-leading diagnostic centre, in partnership with the Club and the National Autistic Society, has been approved by Epping Forest District Council.

The Autistic Spectrum Disorder (ASD) School, designed to provide specialist education for up to 128 pupils, includes a mixed-use games area, playing fields and a kitchen garden and will cater for young people with ASD from across the Essex region.

It will be the first purpose built facility specifically designed to provide the best possible learning environment for people diagnosed with autism in the world. The new school is due to open in September 2016 and will be managed and operated by the National Autistic Society, the leading charity in this specialist area of education.

As part of the approved application, 60 new homes will be built as enabling development, with the proceeds being used to pay for the delivery of the school and its facilities.

The Club is delighted that a suitable use has been found for Spurs Lodge given its considerable planning constraints. This scheme will ensure that the long term interests of the community are served through the delivery of a high quality school for young people with autism while enabling us to maintain an interest in a site that has played such an important and momentous role in the recent history of our Club.

Outlook

Chairman, Daniel Levy, said: "This financial period saw major changes to the squad. The appointment of Mauricio and his coaching staff in June 2014 has resulted in a coherent determination from top to bottom of the footballing side of the Club to ensure our sporting philosophy is adhered to - that is to have a balance of experienced and home grown players, playing attacking, entertaining football our fans love to watch. This strategy will continue as we embark on the summer transfer window.

“We continue to devote our energies to delivering a new home for the Club in Tottenham. It has been rewarding to see the progress and growth now being made both on and off the pitch and we look ahead with realistic optimism."
 
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