>>What are the three different sets of figures? in the absence of any AOTL piping up, here is my understanding; Turnover is money through the door, I am guessing operating profit is from the business of the club (wages, tickets, chips, shirts etc) and overall profit includes sales of players and various other non business related income. <<
I'd agree with that. Turnover went up largely through greater payments from the championship compared to League 1, with gate receipts contributing too. Gate receipts more or less pay for players' wages. The Holding company (Leeds City Ltd) must also operate other subsidiaries that turn over around £1.8m, yet lose around £430,000. Is this Yorkshire Radio? The figures also confirm what I'd previously speculated - that the East Stand development is being done with borrowed money, not from club turnover - so it has no effect on transfer budgets. >What's the thing about undervaluing players? The Net Assets of the Club does not include all the Managements staff's valuation of the playing staff, so they do not use Snoddy's £8m price tag as a net asset.<< Correct. The player valuations are done on the value of their contracts. It's the post-Bosman way! _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
