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Swansea financial sweepstake 09:57 - Jun 5 with 8415 viewsShaky

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 23:03 - Jun 7 with 1796 viewsTheResurrection

Swansea financial sweepstake on 17:32 - Jun 7 by Drizzy

Nurse!

Give it a rest, Dim. There's s welfare system in this country so you don't have to plunder on with this achingly tedious attempt to scam people on the internet.

"Wasted student loan and I will give you a peak."

No matter how much debt I've accumulated I'll never be a massive f*cking imbecile like you.
[Post edited 7 Jun 17:32]


Nope, you'll be a massive facking imbecile with a huge debt.

* BOX OFFICE POST ABOVE* TM I am the resurrection and i am the light. I couldn’t ever bring myself to hate you as i’d like
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Swansea financial sweepstake on 23:21 - Jun 7 with 1778 viewsDrizzy

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 1689 viewsTheResurrection

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.

* BOX OFFICE POST ABOVE* TM I am the resurrection and i am the light. I couldn’t ever bring myself to hate you as i’d like
Poll: Is it time for the Trust to make change happen?

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Swansea financial sweepstake on 21:25 - Jun 8 with 1619 viewsleighton1318

Swansea financial sweepstake on 11:54 - Jun 7 by Shaky

And for those that like to see the numbers:



Your forecast balance sheet shows net debt of £19.2m.

Do we have a credit facility of that size?
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Swansea financial sweepstake on 08:43 - Jun 9 with 1565 viewsShaky

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 1537 viewsKilkennyjack

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’ ........🍀🇮🇪 💚 YesCymru 🏴󠁧󠁢󠁷󠁬󠁳󠁿

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Swansea financial sweepstake on 10:54 - Jun 10 with 1447 viewsTheResurrection

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.

* BOX OFFICE POST ABOVE* TM I am the resurrection and i am the light. I couldn’t ever bring myself to hate you as i’d like
Poll: Is it time for the Trust to make change happen?

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Swansea financial sweepstake on 11:04 - Jun 10 with 1442 viewsomarjack

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?

Poll: England vs Croatia (who's going to win)

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Swansea financial sweepstake on 11:54 - Jun 10 with 1410 viewsKilkennyjack

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. 👍
what a fecking 🤡

Mind you compared to Lisa and ECB you are clearly not fit to wear tbe shirt.

‘Beware of the risen people’ ........🍀🇮🇪 💚 YesCymru 🏴󠁧󠁢󠁷󠁬󠁳󠁿

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Swansea financial sweepstake on 16:07 - Jun 10 with 1359 viewsTheResurrection

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.

* BOX OFFICE POST ABOVE* TM I am the resurrection and i am the light. I couldn’t ever bring myself to hate you as i’d like
Poll: Is it time for the Trust to make change happen?

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Swansea financial sweepstake on 16:50 - Jun 10 with 1349 viewsKilkennyjack

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’ ........🍀🇮🇪 💚 YesCymru 🏴󠁧󠁢󠁷󠁬󠁳󠁿

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Swansea financial sweepstake on 19:14 - Jun 10 with 1307 viewsomarjack

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.

Poll: England vs Croatia (who's going to win)

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Swansea financial sweepstake on 18:09 - Jun 11 with 1229 viewsthornabyswan

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.

Poll: How will we get on next season.

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Swansea financial sweepstake on 18:33 - Jun 11 with 1206 viewsKilkennyjack

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’ ........🍀🇮🇪 💚 YesCymru 🏴󠁧󠁢󠁷󠁬󠁳󠁿

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Swansea financial sweepstake on 18:56 - Jun 11 with 1187 viewsShaky

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.

Misology -- It's a bitch
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Swansea financial sweepstake on 11:39 - Jun 20 with 1079 viewsShaky

Updated with Fab gone for £7 million




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Swansea financial sweepstake on 11:39 - Jun 27 with 967 viewsShaky

Update with Mesa gone for an estimated £9m:




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Swansea financial sweepstake on 13:37 - Jun 27 with 923 viewshobo

Thanks for your work Shaky. Very interesting

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Swansea financial sweepstake on 19:36 - Jul 14 with 763 viewsShaky

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 673 viewsShaky

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 463 viewsShaky

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 367 viewsShaky

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 254 viewsShaky

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 232 viewslondonlisa2001

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)



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.
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Swansea financial sweepstake on 13:28 - Aug 10 with 193 viewsShaky

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.

Misology -- It's a bitch
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