Basic question about accounting and Chelsea

peter · Joined: 22 Feb 2008 Posts: 1

All the news is about how Chelsea now have a £200million turnover
which approaches Man Utd, Arsenal, Real etc..But then later on (in
smaller print) we see that they've lost £70million. Surely anybody
with money to lose can have a huge turnover? It doesn't make them a
world brand. Turnover is only a measure of what passes through a
company's books and is a poor reflection of the true worth of a
company.

Archived from group: alt>sports>soccer>arsenal

Doublegooner · Joined: 17 Aug 2007 Posts: 557

"peter" wrote in message@u10g2000prn.googlegroups.com...
All the news is about how Chelsea now have a £200million turnover
which approaches Man Utd, Arsenal, Real etc..But then later on (in
smaller print) we see that they've lost £70million. Surely anybody
with money to lose can have a huge turnover? It doesn't make them a
world brand. Turnover is only a measure of what passes through a
company's books and is a poor reflection of the true worth of a
company.

Call me a cynic , but I wonder how that 'turnover' is made up.

Massimo · Joined: 22 Feb 2008 Posts: 4

"peter" wrote in message @u10g2000prn.googlegroups.com...
All the news is about how Chelsea now have a £200million turnover
which approaches Man Utd, Arsenal, Real etc..

I don't belive they have a turnover like that..
the stadium is almost empty also they have half of capacity of Arsenal or
ManUtd...
naaa... how they make £200 milion pounds?!?!?
How??!?

Le Dieu · Joined: 17 Aug 2007 Posts: 3454

"Massimo" wrote in message @bt.com...
>
> "peter" wrote in message
> @u10g2000prn.googlegroups.com...
> All the news is about how Chelsea now have a £200million turnover
> which approaches Man Utd, Arsenal, Real etc..
>
> I don't belive they have a turnover like that..
> the stadium is almost empty also they have half of capacity of Arsenal or
> ManUtd...
> naaa... how they make £200 milion pounds?!?!?
> How??!?

I think Naff has been buying a lot of shirts.

A. Dieu.

lifes2complicated · Joined: 17 Aug 2007 Posts: 192

"Doublegooner" wrote in message @bt.com...
>
> "peter" wrote in message
> @u10g2000prn.googlegroups.com...
> All the news is about how Chelsea now have a £200million turnover
> which approaches Man Utd, Arsenal, Real etc..But then later on (in
> smaller print) we see that they've lost £70million. Surely anybody
> with money to lose can have a huge turnover? It doesn't make them a
> world brand. Turnover is only a measure of what passes through a
> company's books and is a poor reflection of the true worth of a
> company.
>
> Call me a cynic , but I wonder how that 'turnover' is made up.

CHELSEA REDUCE LOSSES AGAIN AND HIT RECORD TURNOVER

Chelsea FC plc today (Thursday) announced record group turnover and reduced
losses for a second successive season.

Chelsea FC also revealed a gross turnover of £223.3 million and independent
research that indicated 90 million 'core fans' globally.

Group results for the year end June 30, 2007, followed another year of
success on the field with football, media, and sponsorship revenues all
showing large rises on the previous financial year.

The main figures were:
- group turnover up 25% to £190.5m from £152.8m (2005/6)
- sponsorship revenues up 89% to £32m from £16.9m (2005/6) due mainly to
first year of adidas contract
- football activities up 27% to £165.3m from £130.4m (2005/6) due to success
on the field, FA Cup and Carling Cup winners, second in FAPL and
semi-finalists UCL
- cash spend reduced by 46% to £70.5m from £129.6m (2005/6)
- matchday revenue up 29% to £74.5m from £57.7m (2005/6) due to increased
box office/corporate sales and cup runs
- media revenues up 13% to £59.6m from £52.6m (2005/6)
- losses reduced by 7% to £74.8m from £80.2m (2005/6)
- wages and salaries as percentage of turnover reduced by 5% to 71% from 76%
(2005/6)
- EBITDA down to £2.3 million negative from £8 million negative (2005/6)
- gross turnover of £223.3 million (includes adidas and other merchandise
and Chelsea Digital Media not consolidated in group results)

Baldoni · Joined: 27 Jan 2008 Posts: 454

Massimo formulated on Friday :
> "peter" wrote in message
> @u10g2000prn.googlegroups.com...
> All the news is about how Chelsea now have a £200million turnover
> which approaches Man Utd, Arsenal, Real etc..
>
> I don't belive they have a turnover like that..
> the stadium is almost empty also they have half of capacity of Arsenal or
> ManUtd...
> naaa... how they make £200 milion pounds?!?!?
> How??!?

Check the previous thread Massimo.

--
"If you take the example of Manchester United, they would be in
mid-table now if officials had the benefit of video replays."

Arsene Wenger 2004-05 season.

JAB · Joined: 17 Aug 2007 Posts: 1733

Massimo wrote:
> "peter" wrote in message
> @u10g2000prn.googlegroups.com...
> All the news is about how Chelsea now have a £200million turnover
> which approaches Man Utd, Arsenal, Real etc..
>
> I don't belive they have a turnover like that..
> the stadium is almost empty also they have half of capacity of Arsenal or
> ManUtd...
> naaa... how they make £200 milion pounds?!?!?
> How??!?
>

Did you do maths at school? Just asking because you don't seem to
understand the concept of empty or half.

I'll tell you what you lend me two pounds for every person that can get
in Stamford Bridge and I'll give you back one pound for every one that
can get into the Emirates ... deal or not?

Robert Moir · Joined: 17 Aug 2007 Posts: 147

More of a "statement" than a "question", but yes.

"peter" wrote in message @u10g2000prn.googlegroups.com...
All the news is about how Chelsea now have a £200million turnover
which approaches Man Utd, Arsenal, Real etc..But then later on (in
smaller print) we see that they've lost £70million. Surely anybody
with money to lose can have a huge turnover? It doesn't make them a
world brand. Turnover is only a measure of what passes through a
company's books and is a poor reflection of the true worth of a
company.

History question ... .... The strongest teams in English football history have all had periods of domination after which they fall away to greater or lesser extents. Is United's (1992 - present) the longest period of domination so far? Will it ever end? When? TIA. A. Dieu.

Question for the Man U. fans... What would you like to see Ferguson do/say with regard to Anderson? In a match of tight margins, getting a yellow card for something as foolish and immature as waving an imaginary card at Mr. Webb could have a real impact on the game. Had one of ours done

And another old quiz question Sunderland did it in 1979. Villa did it in 1981. Who did it in 1980?

Champions League question Does the winner of the tournament qualify for next year's

Hey Ian (re: Chelsea) I've called you several times for your unapologetic defeatist attitude in regards to Chelsea. In light of how they're playing this season, and seeing as how the Mancs are matching them*, are you willing to reconsider? *Not to mention how close we & the Ma