from bwfc.co.uk

 

 

BURNDEN LEISURE plc - the parent company of Bolton Wanderers Football Club - has today reported a pre-tax profit of £3.9m over the last financial year.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>The profit, up by £1.3m from last year, reflects the continued progress across the business, which was driven strongly by the football club finishing in the Premier League's sixth position and a first-ever qualification for European competition.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Group turnover increased by 9% to £53.1m (2004: £48.8m) which shows significant growth in all areas. Football turnover increased by £3.5m to £44.5m courtesy of increased revenues from broadcasting, due mainly to higher merit payments relating to the Club's record sixth place in the Premier League and an increase in live television appearances.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Commercially, the Club went from strength to strength. Corporate Hospitality revenue grew by 14% year-on-year to £2.3m and revenues from other commercial activities grew by 44% to £700,000, due in large part to contributions from the new Reebok Stadium Events business. During the year the Club held many prestigious and successful events including the annual Chairman's Ball and Player of the Year Awards Dinner, an inaugural Legends Night as well as some memorable concerts headlining top artists such as Jools Holland, Elton John and Lulu.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Merchandising and licensing income was £1.7m, an increase of 5% on 2004 despite there being only one shirt launch in 2005 compared to two the previous year.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Operating costs remain under tight control and increased only 3% to £35.1m. This was achieved despite further upward pressure for players' wages which, nevertheless, was maintained at the same level as last year in relation to the turnover from the football club.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Other sections of the business performed well with the De Vere Whites Hotel achieving growth of 11% to £8.6m. The Hotel, which is located in the Reebok Stadium's Woodford Group (South) Stand, is now firmly established as a major conference and banqueting venue. </SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Ongoing but targeted investment remains a key element of the business model.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>The Club has continued to invest in its training, medical and sports science facilities at Euxton. A major building extension was completed at the training ground last year which added new and improved medical and changing areas. This major investment was among those supported by the Bolton Wanderers Development Association.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>Commenting on the progress made by Burnden Leisure plc, Chief Executive, Allan Duckworth said: </SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>"It is again pleasing to report continued progress across the business. During the past few years we have all enjoyed the success of the football team and, at the same time, have been able to develop our business in line with our strategic goals. The Directors and Management are continually reviewing and updating these corporate goals to reflect the changing world, but our basic business model remains valid.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>"It is essential that we are able to strike the correct balance between achievable income levels and current expenditure, whilst also maintaining adequate levels of investment for the future.</SPAN></P>

<P></P>

<P><SPAN lang=EN-GB>"Investment in people and infrastructure, however, will remain our priority, along with evolving our key strategic partnerships."</SPAN></P>

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its a fecking good job we finished 6th.

 

will we make a loss for this yr?

 

Diouf fee

bourgetti fee

got ??1m from that asia cup thing dint we?

 

and i reckon merchandising could be up significanlty due the the asia thing and mr nakata...

HOW MUCH DO WE MAKE A YEAR SELLING BOVRIL I WONDER

Plus those figures only include one shirt release and also major investiment in the training facilites, so we should expect to see a rise again next season I guess

HOW MUCH DO WE MAKE A YEAR SELLING BOVRIL I WONDER

 

20 serving stations x 4 attendants in each x 3 customers served per attendant x ??1.50 A CUP = ??360

When is the end of our financial year? Is it around june/july?

only had quick glance at the accounts but net debt is down to 25 million, pretty good because 18 months ago it was nearer 40 million, also we have large share in hotel, own conference and banqueting facilities, have players worth millions, i would say our assets outweigh our debts and the club is making a profit year on year, not many clubs are as well placed as we are.

but when davies wrote off the debt to him in exchange for shares, then wouldn't that reduce the debt massively?

HOW MUCH DO WE MAKE A YEAR SELLING BOVRIL I WONDER

 

20 serving stations x 4 attendants in each x 3 customers served per attendant x ??1.50 A CUP = ??360

 

 

What stand are you in? Its ??1.20 a cup int north lower!

i would say our assets outweigh our debts

 

No doubt about it. Stadium must be worth ??60m in the days of ??200m sheds. Were only a Ferdinand transfer fee from being in Black ( he wishes he was).

but when davies wrote off the debt to him in exchange for shares, then wouldn't that reduce the debt massively?

 

davies did not write off the debt he paid off a short term loan that was due for about 3 million, he had already invested approx 11 million into the club to keep it going, in return for that he became the major shareholder in the club.

aye, but the 11 or 14 million would stop being a debt

i would say our assets outweigh our debts

 

No doubt about it. Stadium must be worth ??60m in the days of ??200m sheds. Were only a Ferdinand transfer fee from being in Black ( he wishes he was).

 

the stadium is worth shit all

 

an asset is only work market value, and the stadium is useless to anyone else, and the land it's built on is hardly exclusive, and the cost of dismanteling it to make the land fit for anything else would far exceed it's actual value

i would say our assets outweigh our debts

 

No doubt about it. Stadium must be worth ??60m in the days of ??200m sheds. Were only a Ferdinand transfer fee from being in Black ( he wishes he was).

 

the stadium is worth shit all

 

an asset is only work market value, and the stadium is useless to anyone else, and the land it's built on is hardly exclusive, and the cost of dismanteling it to make the land fit for anything else would far exceed it's actual value

 

youre joking arent you!

 

the lands its on is worth much more than ??60m!

 

but whether it would ever be sold is obviously highly unlikely

i would say our assets outweigh our debts

 

No doubt about it. Stadium must be worth ??60m in the days of ??200m sheds. Were only a Ferdinand transfer fee from being in Black ( he wishes he was).

 

the stadium is worth shit all

 

an asset is only work market value, and the stadium is useless to anyone else, and the land it's built on is hardly exclusive, and the cost of dismanteling it to make the land fit for anything else would far exceed it's actual value

 

youre joking arent you!

 

the lands its on is worth much more than ??60m!

 

but whether it would ever be sold is obviously highly unlikely

 

 

??60m???? Maybe for the whole middlebrook site.

The site is merely an out of town shopping centre with no real reason to exist or attract customers other than the stadium itself.

 

It has no intrinsic value above general farmland, and the building of the stadium was a sunk cost for the club

 

 

stop with the wishful thinking, please

The site is merely an out of town shopping centre with no real reason to exist or attract customers other than the stadium itself.

 

It has no intrinsic value above general farmland, and the building of the stadium was a sunk cost for the club

 

 

stop with the wishful thinking, please

 

No intrinsic value? You're kidding yourself! Both factions, the shoppers and the football supporters could co-exist. Each could be a single entity. Neither needs the other.

The value of the area has increased because of the stadium and the out of town shopping area. A lot of London based major companies are looking to relocate to the North or north West. Motorway links make this area highly sought after.

I think maaarsh must know very little about shopping. As Micky says, prime site handy for the motorway - shopping heaven. Knock down that stadium & build something even bigger than the Trafford Centre there - bingo, quids in.

 

And leave the hotel, shoppers need somewhere to rest.

believe it or not the retail units near the reebok are the most profitable out of town development in the u.k.

Let us hope the board are given an offer they cant refuse to sell the ground to property developers.

 

And we move back into town like nearly every other club.

Let us hope the board are given an offer they cant refuse to sell the ground to property developers.

 

And we move back into town like nearly every other club.

 

 

excellent words

I thought that the land was contaminated & unsuitable for housing? Or am I thinking of something else?

you can build houses on more or less anything; its the protective measures you take to make them fit for purpose. the key is cost efficiency and planning constraints.

 

its all immaterial anyway, they arn't going to flatten the reebok, it would be nigh on imposible to get a mortgage on it of any sensible value so there's no point harping on about it.

 

we're stuck with it, it cost a fortune, despite the fact that it was supposedly 'self financing' and a good few folk on the old board did very well out of it.