Nicola Cortese's statement on Saints' financial results (From Daily Echo)
When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
Nicola Cortese's statement on Saints' financial results
9:50am Friday 8th March 2013 in Sport
Nicola Cortese
Saints exective chairman Nicola Cortese's full statement on the club's interim Premier League financial results, and accounts for the 2011/12 season:
“From where we started, it is a great achievement to have reached the Premier League in just three seasons. We have done this during a period when we have invested in all of our business areas, radically reformed how we operate the Club to conform to best practice and, at the same time, produced sound financial results.
“Effective financial management is about making the right investments at the right price, at the right time. When combined with sound business decisions, commitment, a strong company structure and great ambition across the whole organisation, we have proved that only a modest outlay - when compared with most Premier League Clubs – is needed in order to achieve success. We fully intend to maintain our culture and a diligent approach to our financial affairs.
“Our people at the Club have worked hard to achieve this result and I am proud of them and their contribution to our success. They all know that we can still improve further and that is our constant aim. We have a plan to compete at the top and all of our decision-making and investment spending is geared to achieve that. The creation of a state-of-the-art training facility at Staplewood - which is planned to be operational towards the end of 2013 - will be a shining and proud example of that.
“Our results also demonstrate we are already operating within the spirit of likely new Premier League financial regulations in respect of average profits and losses over three years. We believe very strongly that each club should continue to be permitted to run their business – including their pay rolls - as they see fit. This is fundamental to the future integrity of football.”
Comments(15)
Young Greybeard
says...
10:36am Fri 8 Mar 13
Seedhouse the Unrepentant wrote:I doubt it, there are some long words there, and some phrases beyond their comprehension.
Are you reading this Pompey?
ie:
"..sound business decisions.."
"...investment spending ..."
....integrity of football.”
St Retford
says...
11:37am Fri 8 Mar 13
BracknellSaint
says...
12:06pm Fri 8 Mar 13
Young Greybeard wrote:THAT!!
Seedhouse the Unrepentant wrote: Are you reading this Pompey?I doubt it, there are some long words there, and some phrases beyond their comprehension. ie: "..sound business decisions.." "...investment spending ..." ....integrity of football.”
batesieboy
says...
12:31pm Fri 8 Mar 13
St Retford wrote:Because the only way we could win the League would be by "doing a Pompey" and have no Club left, like the Skates. I would rather have a Saints in the Prem as an also-ran, but competitive and giving the Big Boys the odd frightener. (It's only their 'istory that the Skates care about, not not having a Club NOW, apparently.)
I agree with the last bit, especially. The financial restrictions being imposed on football clubs seem to me to be a way of guaranteeing Man United win the league every year. I can't for the life of me see why other clubs would vote for it.
st1halo
says...
2:54pm Fri 8 Mar 13
hedge end bob wrote:I hope MGRA is reading it!! He stated the other day that our rise to the PL was a formality because we threw loads of money at it! I explained that it had been done on very little outlay and was a great success.
Seedhouse the Unrepentant wrote:Dont suppose they are Seed, they got their fecking heads so far up their own arseholes that it's to dark too see it !!.
Are you reading this Pompey?
Perhaps he'll base his posts on evidence rather than conjecture now although I suspect he'll say it's all a smokescreen!
STID
CB FRY LIVES
says...
3:26pm Fri 8 Mar 13
UPWARDS AND ONWARDS.
COYR
SO50 Saint
says...
3:32pm Fri 8 Mar 13
poults
says...
4:07pm Fri 8 Mar 13
lowemustgo
says...
6:05pm Fri 8 Mar 13
OSPREYSAINT
says...
7:12pm Fri 8 Mar 13
lowemustgo wrote:silly
' and now pleeese, if anyone would like to buy zee club from me, I would very much like to get back to Switzerland and away from these pesky footballers.'
ottostrasser
says...
8:11am Sat 9 Mar 13
Its is also particularly enjoyable when you compare it to the skates situation.
Mind you we sould do with those three points this afternoon. I suspect relegation could throw a spanner in the works.
TheSaintsMan
says...
8:51am Sat 9 Mar 13
st1halo wrote:Ah yes, I remember that.
hedge end bob wrote:I hope MGRA is reading it!! He stated the other day that our rise to the PL was a formality because we threw loads of money at it! I explained that it had been done on very little outlay and was a great success.
Seedhouse the Unrepentant wrote:Dont suppose they are Seed, they got their fecking heads so far up their own arseholes that it's to dark too see it !!.
Are you reading this Pompey?
Perhaps he'll base his posts on evidence rather than conjecture now although I suspect he'll say it's all a smokescreen!
STID
He will probably turn round and say its a huge cover-up and one day we will end up like Pompey... and all that rubbish.
All that is important is that the Saints finances are healthy and we are going to beat Norwich 2-0 today.
COYS
Bermondsey boy
says...
10:06am Sat 9 Mar 13
ottostrasser wrote:So you felt proud. Proud that the man who got us here, and to quote Ms Cortese"at very little cost" was thrown out of the club. I personally feel angered and somewhat ashamed.
I felt proud reading that it reminds me what an impressive feat we have acheived while still remaining financially honest. Why some fans persist in attacking NC is completely beyond me.
Its is also particularly enjoyable when you compare it to the skates situation.
Mind you we sould do with those three points this afternoon. I suspect relegation could throw a spanner in the works.
saintysaintsaint
says...
11:12am Sat 9 Mar 13
Bermondsey boy wrote:Get over it. NC proved with Pardew he knows what he's doing. You don't even know the facts of what happened, all you've heard is rumour.
ottostrasser wrote:So you felt proud. Proud that the man who got us here, and to quote Ms Cortese"at very little cost" was thrown out of the club. I personally feel angered and somewhat ashamed.
I felt proud reading that it reminds me what an impressive feat we have acheived while still remaining financially honest. Why some fans persist in attacking NC is completely beyond me.
Its is also particularly enjoyable when you compare it to the skates situation.
Mind you we sould do with those three points this afternoon. I suspect relegation could throw a spanner in the works.
Seedhouse the Unrepentant says...
10:13am Fri 8 Mar 13