| Swansea financial sweepstake 09:57 - Jun 5 with 17570 views | Shaky |
for fun and education!
So I posted a chart in the long Potter thread that summarised the club's financial position, highlighting the relationship between the purchase of players and how they have been financed; overwhelmingly through the use of various forms of debt.
(Note: There's a typo on the 2017 total: should be £91.7m Not £97.1m)
What is interesting is to try to analyse where we stand today after the changes that have happened since the end of the last financial year 31 July 2017.
The asset side of that equation is relatively straight forward to forecast based on player ins and outs, and probably looks roughly as follows as of right now:
However, the player registrations component will obviously change before the end of the financial year due to transfers both in and out.
With that the financing needs also change. We are fairly certain that no new share capital will be provided by Kaplan & Co, but one way that the financing side will look better is by making profits such as on player sales that will boost shareholders' funds on the balance sheet. (the formula for that is last year's plus this year's profit after tax less any dividends paid).
As such the good news is that I estimate that as of right now profit on player sales is around £52 million for the current 2018 financial year to date.
The bad news is that despite this I still reckon the club will make a loss for the year:
However, the transfer season remains young, and estimates of the final 2018 tally for profit on player sales and any other metrics you want to take a stab at is now open until the close of business on 31st July.
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| Swansea financial sweepstake on 23:21 - Jun 7 with 3842 views | Drizzy |
| Swansea financial sweepstake on 23:00 - Jun 7 by TheResurrection |
Hi Dribbley,
Are you still up your own arse you smelly bitch? |
Playground level insult there, Res. Even by your admittedly low standards that's awful. However the irony of you deriding the things you need most, education and mental health support, would make me laugh if it wasn't so tragic. That remark about the Coed looks worse with each passing day, doesn't it? |  |
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| Swansea financial sweepstake on 09:45 - Jun 8 with 3753 views | TheResurrection |
| Swansea financial sweepstake on 23:21 - Jun 7 by Drizzy |
Playground level insult there, Res. Even by your admittedly low standards that's awful. However the irony of you deriding the things you need most, education and mental health support, would make me laugh if it wasn't so tragic. That remark about the Coed looks worse with each passing day, doesn't it? |
What remark was that then Dribbley? I tend not to take too much notice from flakey kunts looking to point score, as I don't generally from mixed up, pompous nobodies like you still trying to 'find' yourself in your near middling age. Surprised they found a desk big enough for you at your little school.
Carl Cox, like... Grow up FFS, there's an adult life to begin one day, that's when you're brave enough to come out of the shadows.
Poor little boy, I feel sorry for you. |  |
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| Swansea financial sweepstake on 21:25 - Jun 8 with 3683 views | leighton1318 |
| Swansea financial sweepstake on 11:54 - Jun 7 by Shaky |
And for those that like to see the numbers:
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Your forecast balance sheet shows net debt of £19.2m.
Do we have a credit facility of that size? |  | | |
| Swansea financial sweepstake on 08:43 - Jun 9 with 3629 views | Shaky |
| Swansea financial sweepstake on 21:25 - Jun 8 by leighton1318 |
Your forecast balance sheet shows net debt of £19.2m.
Do we have a credit facility of that size? |
Correction: net financial debt of £19.2m
Then there is other short term debt of £65.8m to be added on top, some of which is owed to banks in the form of player receipts that have been factored.
Then there is a £4.4m deferred tax liability which probably has to be paid someday.
As for the credit facility, I don't have any details. But my educated guess says the overdraft will have been at least £50 million at some point before the end of the financial year in July. At least. | |
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| Swansea financial sweepstake on 09:37 - Jun 9 with 3601 views | Kilkennyjack |
| Swansea financial sweepstake on 08:43 - Jun 9 by Shaky |
Correction: net financial debt of £19.2m
Then there is other short term debt of £65.8m to be added on top, some of which is owed to banks in the form of player receipts that have been factored.
Then there is a £4.4m deferred tax liability which probably has to be paid someday.
As for the credit facility, I don't have any details. But my educated guess says the overdraft will have been at least £50 million at some point before the end of the financial year in July. At least. |
Shaky,
If we dont clear the debts in the 3 parachute payent years, then there is no way we can sort the financial legacy.
Its fire sale time, or bust. |  |
| Beware of the Risen People
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| Swansea financial sweepstake on 10:54 - Jun 10 with 3511 views | TheResurrection |
| Swansea financial sweepstake on 09:37 - Jun 9 by Kilkennyjack |
Shaky,
If we dont clear the debts in the 3 parachute payent years, then there is no way we can sort the financial legacy.
Its fire sale time, or bust. |
A clueless and fitting end to a truly crap thread. | |
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| Swansea financial sweepstake on 11:04 - Jun 10 with 3506 views | omarjack |
| Swansea financial sweepstake on 10:54 - Jun 10 by TheResurrection |
A clueless and fitting end to a truly crap thread. |
Opposing to your great threads sucking up to those who put the club in this financial sh!tstorm? |  |
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| Swansea financial sweepstake on 11:54 - Jun 10 with 3474 views | Kilkennyjack |
| Swansea financial sweepstake on 10:54 - Jun 10 by TheResurrection |
A clueless and fitting end to a truly crap thread. |
Bitter that the Trust did not want you. Loser. ðŸ‘
what a fecking 🤡
Mind you compared to Lisa and ECB you are clearly not fit to wear tbe shirt. | |
| Beware of the Risen People
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| Swansea financial sweepstake on 16:07 - Jun 10 with 3423 views | TheResurrection |
| Swansea financial sweepstake on 11:04 - Jun 10 by omarjack |
Opposing to your great threads sucking up to those who put the club in this financial sh!tstorm? |
The same people that made everything possible, you thick, arse licking nomark kunt?
Don't hang off Shaky's côck dribbling to his every word, get a grip FFS. Try to get a few things through to your thick skull and appreciate the journey you've been on the last 15 years.
Fúcking Dick, you and the mixed up paddy whacking potato prïck. | |
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| Swansea financial sweepstake on 16:50 - Jun 10 with 3413 views | Kilkennyjack |
| Swansea financial sweepstake on 16:07 - Jun 10 by TheResurrection |
The same people that made everything possible, you thick, arse licking nomark kunt?
Don't hang off Shaky's côck dribbling to his every word, get a grip FFS. Try to get a few things through to your thick skull and appreciate the journey you've been on the last 15 years.
Fúcking Dick, you and the mixed up paddy whacking potato prïck. |
🎣 | |
| Beware of the Risen People
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| Swansea financial sweepstake on 19:14 - Jun 10 with 3371 views | omarjack |
| Swansea financial sweepstake on 16:07 - Jun 10 by TheResurrection |
The same people that made everything possible, you thick, arse licking nomark kunt?
Don't hang off Shaky's côck dribbling to his every word, get a grip FFS. Try to get a few things through to your thick skull and appreciate the journey you've been on the last 15 years.
Fúcking Dick, you and the mixed up paddy whacking potato prïck. |
lol..The butt-hurt must be severe. | |
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| Swansea financial sweepstake on 18:09 - Jun 11 with 3293 views | thornabyswan |
| Swansea financial sweepstake on 11:04 - Jun 10 by omarjack |
Opposing to your great threads sucking up to those who put the club in this financial sh!tstorm? |
So without going through all the graphs name calling and abuse.
What do we need to do to break even by the end of the season. | |
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| Swansea financial sweepstake on 18:33 - Jun 11 with 3270 views | Kilkennyjack |
| Swansea financial sweepstake on 18:09 - Jun 11 by thornabyswan |
So without going through all the graphs name calling and abuse.
What do we need to do to break even by the end of the season. |
Thats what i was asking.
Latest Current Debt (2017?) is £19m according to above. (So its More now ?)
After 3 years, our ability to repay debt after parachute payments end is basically zero.
And need to immediately stop increasing debt by selling the existing high earners.
Our boy Huw is going have to earn his dosh ... | |
| Beware of the Risen People
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| Swansea financial sweepstake on 18:56 - Jun 11 with 3251 views | Shaky |
| Swansea financial sweepstake on 18:09 - Jun 11 by thornabyswan |
So without going through all the graphs name calling and abuse.
What do we need to do to break even by the end of the season. |
The lack of 2018 results makes the forecasting of 2019 harder, but I reckon wages will need to be cut by around 45-50% year-on-year, to break even on cash-flow.
However, that would leave debts at around £85 million at the end of the 2019 financial year, and in my view that is exceptionally risky and quite frankly unacceptable. | |
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| Swansea financial sweepstake on 11:39 - Jun 20 with 3143 views | Shaky |
Updated with Fab gone for £7 million
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| Swansea financial sweepstake on 11:39 - Jun 27 with 3031 views | Shaky |
Update with Mesa gone for an estimated £9m:
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| Swansea financial sweepstake on 13:37 - Jun 27 with 2987 views | hobo |
Thanks for your work Shaky. Very interesting |  | | |
| Swansea financial sweepstake on 19:36 - Jul 14 with 2827 views | Shaky |
Updated with:
1) Joel Asoro bought for a reported £2.07m
2) Adjustment of Mesa sale price reduced to £5.4m
(Source: Transfermarket)
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| Swansea financial sweepstake on 10:55 - Jul 16 with 2737 views | Shaky |
Updated with:
1) Bartley out for an estimated £4m
2) McBurnie contract renewal costs of £1.5m
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| Swansea financial sweepstake on 09:18 - Aug 1 with 2527 views | Shaky |
So the financial year ends with two final deals before the deadline:
1) Barrie McKay in for £0.5m + 10% estimated agents' fees
2) Bersant Celina in for £3m upfront + 10% estimated agents' fees
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| Swansea financial sweepstake on 22:29 - Aug 2 with 2431 views | Shaky |
Balance sheet updated with Mawson sold for £13.6m net (of Barnsley's cut)
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| Swansea financial sweepstake on 12:50 - Aug 10 with 2318 views | Shaky |
Estimated balance sheet at the end of the domestic transfer window, excluding only Declan John for whom I could't find a fee and probably cost less than a million (impact: player registrations: +1m, debt: +1m)
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| Swansea financial sweepstake on 12:59 - Aug 10 with 2296 views | londonlisa2001 |
| Swansea financial sweepstake on 12:50 - Aug 10 by Shaky |
Estimated balance sheet at the end of the domestic transfer window, excluding only Declan John for whom I could't find a fee and probably cost less than a million (impact: player registrations: +1m, debt: +1m)
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Do you know. The saddest part about yesterday, is if that was correct, no one would have been critical.
Read what the Trust have said. And draw conclusions from that. | | | |
| Swansea financial sweepstake on 13:28 - Aug 10 with 2257 views | Shaky |
| Swansea financial sweepstake on 12:59 - Aug 10 by londonlisa2001 |
Do you know. The saddest part about yesterday, is if that was correct, no one would have been critical.
Read what the Trust have said. And draw conclusions from that. |
I would say it is a fairly safe bet that you have not received any balance sheet updated by the club as of yesterday's close, so i am a little unsure how you arrive at that opinion. | |
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