Financial results out

[roger_ramjet]

So in 'another strong year' we saw a loss of almost £15m, much of it caused by wages going up by over £10m...Roger!!!...where are you when we need you?

I will take a look later but Im sure the chuckle brothers will have done their in depth analysis aka started quoting press coverage by now soI may be Roger Irrelevant by then.

[KingCharlieGeorge]

I will take a look later but Im sure the chuckle brothers will have done their in depth analysis aka started quoting press coverage by now so I may be Roger Irrelevant by then.

Yes, the chuckle brothers have!

I look forward to a more sensible contribution from you.

[Rams4Justice]

Gary Rowett willing to cut the wage bill down, and make a more sensible approach, when it comes to buying player's and narrowing the squad.

http://m.derbytelegraph.co.uk/manage...ail/story.html

[ramAnag]

Yes, the chuckle brothers have!

I look forward to a more sensible contribution from you.

Seconded!
C'mon Rog...ever since you got a bit of flattery from Rats you've been playing hard to get. Okay...I admit it, we need your input to make some sense of this. God...anyone would think your real, actual fee paying, clients came first.

[Rattea]

Remember this set of accounts is this time last year which doesn't account for the additions since which means we must be close or over FFP!!!

So the "speed things up" gamble three years ago seems to have backfired on the field and financially for us. Shouldn't those that are responsible be answerable?

[roger_ramjet]

Seconded!
C'mon Rog...ever since you got a bit of flattery from Rats you've been playing hard to get. Okay...I admit it, we need your input to make some sense of this. God...anyone would think your real, actual fee paying, clients came first.

Since you ask so nicely!! Sadly the accounts are not currently available at Companies House and I havent managed to find them on the official site, thus you will need a little patience if you want something more useful than the chuckle brothers parroting of the official site or the DET. That said, whats done is done and these figures are already 9 months old - more important is to consider how they may have developed since then.

A few thoughts that do spring to mind though, particularly regarding the current year to June 2017:

1) commercial revenue evidently only rose 5% in 2016 but in 2017 we will lose the naming rights income stream (in part at least) and so this isnt likely to go up very much in the current year;

2) best ever attendance in 2016 is perhaps not good news projecting into the future as crowds may well be down in 2017, but also if we are still making a loss on highest crowd ever then there isnt much scope for increasing this other than by increasing ticket prices;

The suggestion therefore is that scope for increasing revenue is somewhat limited, other than by developing and selling on players.

if revenue is therefore largely capped off (other than by transfer sales) then either we accept the continuing losses (so long as they remain withing FFP allowances) if Melvyn is prepared to finance them, or reduce costs. Wage bill increase presumably does include former managers CFLOO, but in 2017 the cost of losing Mac2 and Pearson (plus underlings) will be greater than losing Mac1 and Clement. New enhanced contracts will possibly mean this figure will rise again to maybe £ 40m in 2017. This is reaching unsustainable I would have thought and the wage bill will need attention, and maybe if we cont keep replacing managers every few weeks that might help!

Problem is that we run into FFP problems if we dump a big heap of players or sell them off cheap as this crystallises the FFP loss all in one year. 2017 should be OK as the sale of Hendrick and the purchase of Vydra and Nugent would be broadly favourable in FFP loss terms - ie revenue £ 11m, outlay under £ 3m if they are on 4 year contracts, However the impact of those transactions will run beyond just 2017.

The result isnt far off what I would have expected, and nothing to panic about if the owner remains supportive, but we have built up FFP issues for the next few years and may well need to sell before we can invest or simply not invest at all if we havent got any assets to raise any significant money. it wont be easy to stabilise the ship: past spending coupled with on the field failure will break us given time. Brighton have just about reached Nirvana in time after their big investment - sadly our performances on the field have not allowed us that luxury and time is running out.

[Rams4Justice]

Derby fans are loyal thick and through, even if we are having bad results, our attendance will still top everyone's in the league.

[Rams4Justice]

Clubs don't release annual financial recordings, they release recordings that are 3yrs old, to look at progression rather then current figures, that have not changed at all from the previous years. No point throwing out new recordings, if they have not drastically altered.

I think we all would know straight away, if we have hit the FFP barriers and gone under transfer embargo, as it will be all over the media just like Forest was.

[roger_ramjet]

Clubs don't release annual financial recordings, they release recordings that are 3yrs old, to look at progression rather then current figures, that have not changed at all from the previous years. No point throwing out new recordings, if they have not drastically altered.

I think we all would know straight away, if we have hit the FFP barriers and gone under transfer embargo, as it will be all over the media just like Forest was.

"Clubs dont release annual financial recordings....." Someone please take me out and shoot me.

[roger_ramjet]

As Mark Twain is alleged to have said: "Better to remain silent and be thought a fool than to speak and to remove all doubt."