Finances 2015/2016 released (Profit made)

[DatfoxesKid23]

http://www.lcfc.com/news/article/2016-17/leicester-city-football-club-financial-results-201516-3602114.aspx

The club made 16m pre-tax profit

The finances were actually released on the 2nd of may 

[Ashley]

Brilliant to see how far the club has come! 

[Wymsey]

Just now, Ashley said:

Brilliant to see how far the club has come! 

For sure, lucky to have very supportive and co-operative owners.

 

However, the recruitment side has been the biggest letdown in general that needs focusing on improving especially after Steve Walsh has gone.

[DatfoxesKid23]

1 minute ago, Wymeswold fox said:

For sure, lucky to have very supportive and co-operative owners.

 

However, the recruitment side has been the biggest letdown in general that needs focusing on improving especially after Steve Walsh has gone.

Good news is that we have money left over from last season and champions league money from this season 

[davieG]

32 minutes ago, Wymeswold fox said:

For sure, lucky to have very supportive and co-operative owners.

 

However, the recruitment side has been the biggest letdown in general that needs focusing on improving especially after Steve Walsh has gone.

Steve Walsh would have been involved in these let down recruits.

[st albans fox]

Are these new ?  Just want to check before I look at something I already looked at ! 

[glenny_fox]

the net book value of the squad is £40m but a market value of £236m . That's not bad going at all (although I'd love to see what that £236m is made up of)

 

Also, I wonder what 'employees' we owe £20m to at the end of the financial year.

[gw_leics772]

These will be bonuses i would imagine. Players and coaching staff. Not checked but i imagine there is a big amount owes.to them at the end of each season.

 

Could also be signing on fees which would go into the accounts immediately but i believe they are paid out alongside wages over the length of the contract.

 

[m4DD0gg]

1 hour ago, Wymeswold fox said:

For sure, lucky to have very supportive and co-operative owners.

 

However, the recruitment side has been the biggest letdown in general that needs focusing on improving especially after Steve Walsh has gone.

He is responsible for half the dross this season.

[Guest ttfn]

58 minutes ago, glenny_fox said:

the net book value of the squad is £40m but a market value of £236m . That's not bad going at all (although I'd love to see what that £236m is made up of)

 

Also, I wonder what 'employees' we owe £20m to at the end of the financial year.

The market value is always going to be higher unless you've recently signed a bunch of truly hopeless players.

 

The book value is amortised (the book value starts at the full cost and then reduces in even increments over the length of the contract).

 

Also worth bearing in mind this is before we signed Slimani, Mendy and Musa...

[VLC86]

Just think of the class of player we could buy for £16m 

[Thracian]

Seriously reassuring - it has been an amazing journey.    

[ealingfox]

This came out a while ago didn't it? I thought most of the dolla from winning the title would be reflected in next year's books.

[st albans fox]

16 minutes ago, ealingfox said:

This came out a while ago didn't it? I thought most of the dolla from winning the title would be reflected in next year's books.

 Being the champions league income in addition to the increased extra prem league dosh.

[The Doctor]

3 hours ago, Wymeswold fox said:

For sure, lucky to have very supportive and co-operative owners.

 

However, the recruitment side has been the biggest letdown in general that needs focusing on improving especially after Steve Walsh has gone.

The recruitment post Walsh boils down to ndidi, wague and probably Kapustka. We'd been linked with slimani since we came up, and musa (linked Jan 16), mendy, Hernandez and Zieler arrived before Walsh left. It's convenient to blame walshs departure for last summer but overly simplistic to say the least.

[DatfoxesKid23]

5 hours ago, st albans fox said:

Are these new ?  Just want to check before I look at something I already looked at ! 

They release the profit made for the current season once the next season finishes