Players and staff secured £5 million in bonuses for promotion

9:09am Friday 8th March 2013 in News

Saints striker Rickie Lambert celebrates promotion with fans Saints striker Rickie Lambert celebrates promotion with fans

SAINTS’ elevation to the cash-rich Premier League is reflected in the latest financial figures released by the club.

The club made a net profit of just under £1m in their first six months back in the top flight, while revenue, excluding player trading, increased to £33.1m, up from £11.6m.

Saints' shareholder, late owner Markus Liebherr and subsequently his estate, invested £38m since taking over the club in 2009, with that money now having been converted into equity.

Player wages accounted for 59 per cent of turnover in the first six months of the Premier League, down from 102 per cent in the 2011/12 season.

Executive chairman Nicola Cortese paid out over £5m in player and staff bonuses on promotion to the Premier League.

For the full story and analysis click here

Related links

Comments(15)

MGRA says...
9:16am Fri 8 Mar 13

figures sound sound ( see what I did there ) , revenue sounds a tad poor though, with a decent drive to get in more corporate that figure should increase significantly, hopefully if we stay up NC may finally bring in someone to start exploring the brand potential..... very tough job so head hunting required but hopefully not beyond his ability....

Report this post »

Ozmosis says...
9:35am Fri 8 Mar 13

Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
Shouldn't you be in school?

Report this post »

aldermoorboy says...
9:45am Fri 8 Mar 13

Norwich game huge, we must get a result.

Report this post »

localnews says...
10:11am Fri 8 Mar 13

Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
How many pound coins are your lot investing for life in the conference you skate tw@t

Report this post »

localnews says...
10:14am Fri 8 Mar 13

The Poopy manager has been out collecting for the team,walking round with a bucket and a sign saying "penny for the guy"

Report this post »

hedge end bob says...
10:25am Fri 8 Mar 13

The more you reply too the fecking skunts the more they like it. Now what SAINTS supporter would want to do anything to please a FECKING SKATE BARSTEWARD. Ignore and they will climb back into their **** hole, gone for ever , just like their pathetic football club.

Report this post »

hedge end bob says...
10:26am Fri 8 Mar 13

The more you reply too the fecking skunts the more they like it. Now what SAINTS supporter would want to do anything to please a FECKING SKATE BARSTEWARD. Ignore and they will climb back into their **** hole, gone for ever , just like their pathetic football club.

Report this post »

Wide Boy Arry says...
11:14am Fri 8 Mar 13

hedge end bob wrote:
The more you reply too the fecking skunts the more they like it. Now what SAINTS supporter would want to do anything to please a FECKING SKATE BARSTEWARD. Ignore and they will climb back into their **** hole, gone for ever , just like their pathetic football club.
The stain is so proud he posted his fruity comments twice! #dozyhedgeendstain

Report this post »

mack chinnon says...
11:26am Fri 8 Mar 13

Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
Mind the gap.

Report this post »

Beer Monster says...
11:53am Fri 8 Mar 13

mack chinnon wrote:
Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
Mind the gap.
Gap? Continental ridge more like...

Report this post »

OSPREYSAINT says...
12:05pm Fri 8 Mar 13

Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
A very good question WB, ignor the others, how much would be sensible and not lead us on to the spiral road to destruction, you are the expert.

Report this post »

OSPREYSAINT says...
12:08pm Fri 8 Mar 13

MGRA wrote:
figures sound sound ( see what I did there ) , revenue sounds a tad poor though, with a decent drive to get in more corporate that figure should increase significantly, hopefully if we stay up NC may finally bring in someone to start exploring the brand potential..... very tough job so head hunting required but hopefully not beyond his ability....
Yes, but you want him out, so why offer him your advice?

Report this post »

SOULJACKER says...
4:58pm Fri 8 Mar 13

Ozmosis wrote:
Wide Boy Arry wrote:
I wonder how much they'll spend for life in the Championship. I bet ya Harry's chuckling away.
Shouldn't you be in school?
I really don't think it is a very good idea to let him around children.

Report this post »

Crossley Place Saint says...
7:26pm Fri 8 Mar 13

So, we bought promotion to the Premier League for £38 million, knowing that even if the worst happens and we get relegated we get £60 million of parachute payments. And our wage bill was 102% of turnover, grossly in excess of UEFA guidelines and the new "Fair Play" regulations. To me this seems the economics of the madhouse, the same ideas that caused the downfall of our neighbours along the M27. Am I the only lifelong supporter on here who is worried?

Report this post »

OSPREYSAINT says...
7:39pm Fri 8 Mar 13

Crossley Place Saint wrote:
So, we bought promotion to the Premier League for £38 million, knowing that even if the worst happens and we get relegated we get £60 million of parachute payments. And our wage bill was 102% of turnover, grossly in excess of UEFA guidelines and the new "Fair Play" regulations. To me this seems the economics of the madhouse, the same ideas that caused the downfall of our neighbours along the M27. Am I the only lifelong supporter on here who is worried?
WAS 102%, now 59% per cent, if you are going to succeed you have to invest and then consolidate, what exactly are you worried about.

Report this post »

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree