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 Forbes Valuation, Ranking of Football Teams |
 Apr 9 2009, 01:53 PM
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Token Girl  Group: Moderators Posts: 12,435 Joined: 13-November 06 From: Washington, DC Member No.: 2,800  |
So, Forbes has done its annual valuation of football teams.
Milan is in 6th place overall and is the highest-ranked Italian club. Significantly, they're also the only Italian club without any debt. There's some interesting stuff in the valuation. link |
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Apr 9 2009, 03:04 PM
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Giovanissimi Nazionali  Group: Helpers Posts: 3,371 Joined: 30-October 05 Member No.: 782 |
There is indeed some interesting stuff there
Thanks Tennie |
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Apr 9 2009, 05:24 PM
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Primavera Group: Helpers Posts: 18,058 Joined: 9-February 06 Member No.: 1,265 |
Thanks Tennie
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Apr 9 2009, 07:13 PM
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Primavera Group: Moderators Posts: 23,206 Joined: 20-November 05 From: Athens, Hellas Member No.: 911 |
Thanks... Forbes! (IMG:style_emoticons/default/rolleyes.gif)
... (IMG:style_emoticons/default/tongue.gif) |
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Apr 11 2009, 09:24 AM
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Primavera Group: Moderators Posts: 18,833 Joined: 5-April 06 From: Croatia, Zagreb Member No.: 1,564 |
The debt/financial situation at Milan is encouraging, especially in these times.
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Apr 11 2009, 11:53 AM
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Smoking Bianco Group: Helpers Posts: 14,039 Joined: 15-August 05 From: KWT Member No.: 191 |
Another significant thing to notice is that revenue is higher than operating income, meaning clubs are generating profits from advertising, etc and that constitutes to the bulk of their bottom line.
But keep in mind, profit does NOT equal cash. |
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Apr 11 2009, 12:11 PM
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Allievi Nazionali Group: Helpers Posts: 8,627 Joined: 19-April 06 Member No.: 1,660 |
Clearly we have money to spend. Becks and ronnie was a clear stroke of genius on Galliani's behalf. Both on and off the pitch.
This post has been edited by Bluesummers: Apr 11 2009, 12:11 PM |
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Apr 11 2009, 12:23 PM
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#8
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Primavera Group: Moderators Posts: 18,833 Joined: 5-April 06 From: Croatia, Zagreb Member No.: 1,564 |
QUOTE (Rossoneri7 @ Apr 11 2009, 11:53 AM)  Another significant thing to notice is that revenue is higher than operating income, meaning clubs are generating profits from advertising, etc and that constitutes to the bulk of their bottom line. But keep in mind, profit does NOT equal cash. |
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Apr 11 2009, 12:25 PM
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Allievi Nazionali Group: Helpers Posts: 8,627 Joined: 19-April 06 Member No.: 1,660 |
We still have cash to spend. I'm not talking 100s. But we got enough for our summer targets.
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Apr 11 2009, 01:35 PM
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Allievi Regionali B Group: Helpers Posts: 5,148 Joined: 5-October 05 From: Bristol Member No.: 558 |
QUOTE (Bluesummers @ Apr 11 2009, 12:11 PM) Clearly we have money to spend. Becks and ronnie was a clear stroke of genius on Galliani's behalf. Both on and off the pitch. For the short term yes, but we need to start planning for the future as well. |
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Apr 13 2009, 01:56 PM
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Smoking Bianco Group: Helpers Posts: 14,039 Joined: 15-August 05 From: KWT Member No.: 191 |
Well Blue .. Milan does have cash .. But what I was pointing towards is that you would need to see a Cash Flow (Funds Flow) Statment for that year to know how much Milan generated in cash.
United, Chelsea, merda, and Liverpool (considering they are the big european sides) have high debt-to-net worth ratio, because, and although they all have high profits - they need to borrow that amount of funds to accommodate for their lack of cash. The way I see this valuation is that Milan and Munich are the most healthy sides in Europe at the moment. |
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Apr 14 2009, 06:40 AM
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Loves Greek Women esp Fay Group: Moderators Posts: 14,924 Joined: 19-May 06 From: Bangalore,India Member No.: 1,865 |
Some of the things don't make sense to me.
Chelsea's operating income is negative?? (IMG:style_emoticons/default/unsure.gif) What is operating income?? Lot of teams like that with negative operating incomes. And what is that 1 year value change. For Milan it's 24%. Not sure. Could someone clear this up for me. Football economics 101? |
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Apr 14 2009, 02:22 PM
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#13
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Smoking Bianco Group: Helpers Posts: 14,039 Joined: 15-August 05 From: KWT Member No.: 191 |
QUOTE (Jack Sparrow @ Apr 14 2009, 08:40 AM) Some of the things don't make sense to me. Chelsea's operating income is negative?? (IMG:style_emoticons/default/unsure.gif) What is operating income?? Lot of teams like that with negative operating incomes. And what is that 1 year value change. For Milan it's 24%. Not sure. Could someone clear this up for me. Football economics 101? Operating income is exactly that; income from normal course of business. In an income statement, you have three main headings each of which is a combination (addition/subtraction) of certain income/expenses. Operating profit: The first combines (simplified format) is sales (could be gate receipts in the case of football clubs) minus cost of sales (what it cost to produce the sales) minus depreciation (depreciation in value of buildings, vehicles, equipment) and minus fixed expenses (wages, rent, transport, bank charges, general office expenses, heating & lighting, etc). The outcome of that (let that be positive or negative) is called the operating profit. Profit before tax: You then take the operating profit and deduct interest charges from banks or other entities that you are borrowing from. That gives you your profit before tax. Net profit: Finally you deduct tax, dividends and get your net profit. That is basically what an income statement consists of. Operating profit is a loss for chelsea most likely because their wages are over the roof ? That could be an explanation. 1 yr value change .. Value in this case must be Net Worth, Equity or Total Assets (all the same) .. An increase is attributed to extra capital employed in the company. Good enough ? (IMG:style_emoticons/default/tongue.gif) This post has been edited by Rossoneri7: Apr 14 2009, 02:57 PM |
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Apr 14 2009, 04:24 PM
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Giovanissimi Regionali B Group: Helpers Posts: 1,313 Joined: 24-December 05 From: Tartu, Estonia Member No.: 1,063 |
No debts?? I can remember Galliani said in January that Kaka - the key to resplve our debts problems....
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Apr 14 2009, 07:12 PM
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#15
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Pulcini 97 Group: Helpers Posts: 122 Joined: 30-August 05 From: Next to Pato House Member No.: 333 |
too much money less players ..... we should spend them on young powerful players to win the league (IMG:style_emoticons/default/smile.gif)
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