Finances

[ictchris]

Price Waterhouse Cooper have published their annual report into Scottish football finances, covering the last season full statistics were available for, 2004/05.  For the first time Caley thistle are included in the report.  I can't find a link to it anywhere but here are some of the important stats from the report, nicked from P&B

All figures are in £,000's.

NET ASSETS (Assets - liabilities)

Dundee………………. – 9,402

Dunfermline………… –9,026

Hearts………………... – 6,677

Livingston…………… - 5,490

Dundee Utd……….. – 3,730

ICT………………….. ... +419

Aberdeen……………… +740

Motherwell…………… +1,178

Kilmarnock…………… +2,467

Hibs…………………..... +2,368

Celtic…………………... +16,215

Rangers………………..+78,839

WAGES

Celtic………………… 37,394

Rangers….………….27,303

Aberdeen………………4,636

Hearts…………………..4,541

Livingston……………..3,689

Kilmarnock…….…….3,512

Dundee Utd………….3,492

Hibs……………………...3,326

Dunfermline………….2,569

Motherwell……………2,404

Dundee…………………1,943

ICT……………………....1,310

NET DEBT

Rangers…………………23,148

Hearts…………………..21,526

Celtic…………………...19,503

Kilmarnock…………..13,025

Dundee………………….11,800

Aberdeen……………….9,374

Hibs…………………….....9,295

Dunfermline……………7,933

Dundee Utd………….…7,354

Livingston……………...5,616

Motherwell………………635

ICT………………………..(134)

I think these figures show what an achievement we have made being so successful in the SPL considering the financial disparity between us and our rivals.  I can't believe Livingston paid nearly three times as much in wages than we did that season, anyone who saw us win 4-1 at Almondvale in 2005 must've thought the Livi players were paying to play rather than being paid!  Also, how have Dundee and Dunfermline stayed in business being insolvent to the tune of £10,000,000 each?  :010:

[Kingsmills]

I fear that there might be a slightly more rocky year ahead for us in tems of finances this year.

Last financal year we posted a modest profit but income included a one off payment of almost £250,000 compensation from Dundee United as well as £170,000 from being fortunate enough to feature in consecutive live SKY Scottish Cup ties. In addition the club earned prize money for acheiving our record highest league placing. On top of that we enjoyed record season ticket sales and record average home crowds.

This year, while television income has increased, season ticket sales are down on last year and it now looks likely that average attendances wil be two or three hundred less than last season. Given the very competitive nature of the league this season we may well finish several places below where we ended up last year thereby reducing income from prize money.

All this at a time when the club are rightly offering key players signifigantly enhanced contracts means that unless we reach the Scottish Cup final we are likely to post a six figure loss in the current financial year.

That in itself wouldn't represent a disaster but couldn't be sustained for very many seasons without becoming a problem.

At the risk of sounding like the honouable member for Dunfermline East, fiscal prudence remains an absolute priority.

[CaleyD]

The clubs contribution towards the new stands and payment for the USH would have already offset the additional income figures mentioned by Kingsmills so I don't believe we really have too much to fear in terms of keeping the books balanced.

[The Fly]

It would be interesting to know what exactly the 'Assets' are and how they're valued - for example, a football stadium like Ibrox would cost a lot to build, and theoretically be worth a lot, but does it really have a 'second-hand' value of £xx million?

A bit like some of the players Rangers have brought in - cost £x million to buy, but you wouldn't get two beans for them on e-bay  :001:

And the Livi wages...  :crazy06:

[Heilandee]

Here's a bit more info from the north tonight website.Cant speak for Dunfermline but Dundee after coming out of administration have "restructured" the debts.From what i understand once completed this will leave us debt free but also with no home to call our own, but we willl be tennants of Dens with a 40 year lease on the ground.On the plus side DEE4LIFE now own 26% shareholding and as such have power of veto over any future mismanagement of our club

north tonight link

[Scotty]

Dundee after coming out of administration have "restructured" the debts ... once completed this will leave us debt free but also with no home to call our own, but we willl be tennants of Dens with a 40 year lease on the ground.

sounds remarkably similar to what was done with ICT and the formation of the trust.