The Accounts

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Re: The Accounts

Postby ballantine on Thu Mar 08, 2018 7:45 pm

Balhamite wrote:So basically WHUFC generated free cash of £43.7m.

Too bad they didn't know that before the transfer windo... oh...
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Re: The Accounts

Postby RM9 on Thu Mar 08, 2018 8:37 pm

I'm sure that someone with the required skills, knowledge and patience will unearth a web of lies and deceit regarding the sale of the Boleyn.
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Re: The Accounts

Postby HammerBen on Thu Mar 08, 2018 9:47 pm

The Sales Director at Galliard Homes is David Galman. He used to be season ticket holder in the Upper West. Would imagine he might have a story to tell?
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Re: The Accounts

Postby 3 Hopes on Thu Mar 08, 2018 10:19 pm

HammerBen wrote:The Sales Director at Galliard Homes is David Galman. He used to be season ticket holder in the Upper West. Would imagine he might have a story to tell?


There are a few links between Galliard and West Ham.

Jack Petchey sold a minority stake in West Ham to the two David's in the late 80's (They sold them back to T Brown).

Jack Petchey owned 50% of Galliards in the 00's (Has since sold his shareholding)

Not for a second suggesting anything just pointing out the links.
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Re: The Accounts

Postby Hamburger on Thu Mar 08, 2018 10:43 pm

.
I didn’t spot the £100k+ revenue from ‘mascot packages’. They charge from £300 to £600 depending on the match. I assume that only the shiny new middle class ‘customers’ can afford this and the less privileged, but possibly more deserving, are therefore excluded. This reflects the board’s obvious attempts to create a more upmarket and therefore more lucrative business, ****ing any history and loyal working class fan base. Don’t condone this by buying a season ticket. At the very least you can get a result by buying one next year when they are discounted as they can’t sell them.
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Re: The Accounts

Postby HammerMan2004 on Thu Mar 08, 2018 11:38 pm

So based on these accounts, if we’d have bumped up the match day prices at Upton Park by like a fiver each seat, we’d earn more than we’re doing now at London Stadium?
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Re: The Accounts

Postby Heysel76 on Fri Mar 09, 2018 12:00 am

HammerMan2004 wrote:So based on these accounts, if we’d have bumped up the match day prices at Upton Park by like a fiver each seat, we’d earn more than we’re doing now at London Stadium?

Hard to believe, eh :wink:
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Re: The Accounts

Postby crazyknight on Fri Mar 09, 2018 12:05 am

So... when's AFC West Ham starting?
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Re: The Accounts

Postby jamesb84 on Fri Mar 09, 2018 4:10 pm

the pink palermo wrote:The swiss ramble has done an excellent analysis on twitter.

The nugget that caught my eye was the fact Gold and Sullivan have only equity financed the club to the tune of £26m since buying it.

That's nowhere near what even the Icelandics put in.

£26m.


An excellent analysis which I've "unrolled" online...

Link here: https://threadreaderapp.com/thread/971666502947672064.html?refreshed=yes
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Re: The Accounts

Postby iLoveLasagne on Fri Mar 09, 2018 4:24 pm

So we are a bit better than Southampton. Hurrah.
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Re: The Accounts

Postby Knighter10WHU on Fri Mar 09, 2018 4:29 pm

Good thread that. Main point I took from it:

"Following the steep increase in #WHUFC 2016/17 revenue of £183m is the 8th highest in the Premier League, only surpassed by the “Big Six” and Leicester, who were boosted by Champions League money. They are effectively the “best of the rest”, just ahead of Southampton & Everton".

Shame we can't be at that level on the pitch, I wonder why?
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Re: The Accounts

Postby TheHandOfDog on Fri Mar 09, 2018 5:31 pm

Knighter10WHU wrote:Good thread that. Main point I took from it:

"Following the steep increase in #WHUFC 2016/17 revenue of £183m is the 8th highest in the Premier League, only surpassed by the “Big Six” and Leicester, who were boosted by Champions League money. They are effectively the “best of the rest”, just ahead of Southampton & Everton".

Shame we can't be at that level on the pitch, I wonder why?

Indeed, I just can't put my finger on why we are struggling, must be a reason or 2, or 3.
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Re: The Accounts

Postby ashbanki on Fri Mar 09, 2018 6:14 pm

In the accounts it says that on the 15th July 2016 £14,764,00 was made to GC Co 102 Ltd and CB Holdings ehf in settlement of loans.
David Sullivan is the sole director of GC Co 102 Ltd and it was "dissolved following liquidation" on the 23rd June 2016 - How's that possible?
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Re: The Accounts

Postby goa127 on Fri Mar 09, 2018 8:47 pm

Hamburger wrote:.
I didn’t spot the £100k+ revenue from ‘mascot packages’. They charge from £300 to £600 depending on the match. I assume that only the shiny new middle class ‘customers’ can afford this and the less privileged, but possibly more deserving, are therefore excluded. This reflects the board’s obvious attempts to create a more upmarket and therefore more lucrative business, ****ing any history and loyal working class fan base. Don’t condone this by buying a season ticket. At the very least you can get a result by buying one next year when they are discounted as they can’t sell them.

West Ham were one of the first clubs to exploit the mascot experience for money. Sometime about 30 years ago, due to high demand they stated charging £150 to be a mascot. At the time that was worth about £4-£500 in today's money. A loyal working class fanbase is pretty much history these days, long before G&S appeared.
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Re: The Accounts

Postby Wembley1966 on Sat Mar 10, 2018 1:09 am

Kieran Maquire has done a write-up on the accounts, which includes his analysis of Boleyn Phoenix involvement in the sale of the Boleyn Ground including the Spurs connection!:

http://priceoffootball.com/west-ham-united-2017-financial-results-fools-gold/
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Re: The Accounts

Postby Samba on Sat Mar 10, 2018 3:19 am

Dilly-Dee, Dilly-Do! :lol:
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Re: The Accounts

Postby GreenStHammer on Mon Mar 12, 2018 8:07 am

So Karen keeps mentioning how the move only generated an extra 8m of revenue. Is this an extra 8m in ticket sales only?

Spin and lies again like everything that seems to come out of their mouthes now. Don't forget it's not just about the increased revenue, there are also bound to be lower running costs.

With the deal of the century they negotiated, we are paying nothing towards stewarding, policing, corner flags, power bills etc. I suspect the true impact on profits is more like +12-15m.

And that's not forgetting the prices that have been lowered or frozen. When they start increasing ticket prices again, and possibly get a
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Re: The Accounts

Postby simonirons on Mon Mar 12, 2018 8:50 am

jamesb84 wrote:
An excellent analysis which I've "unrolled" online...

Link here: https://threadreaderapp.com/thread/971666502947672064.html?refreshed=yes


Thanks for sharing, interesting read
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Re: The Accounts

Postby Wembley1966 on Mon Mar 12, 2018 8:19 pm

I hadn't really picked up on this but Kieran Maquire did.

The £25m payday loan that we took out in August 2017 - well £10m of that was actually used to pay interest to G&S. So that means that we have borrowed £10m that we are currently paying interest on (probably more than 6%) so that we could pay out interest to G&S!

The £10m interest was actually paid on the same day we took out a loan for £19m. So now the interest on their loans are costing us even more!

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Re: The Accounts

Postby MB on Mon Mar 12, 2018 8:28 pm

And will no doubt be paid back with the Ayew money now we are dropping down the league and losing prize money.
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