In light of the new stadium development
Southampton have progresses form a club who would like to stay in the
Premiership to a club which simply has to be in the Premiership to service
their debt effectively. In such a competitive league and considering
Southampton's recent performances, this is a substantial risk.
However, it is one which must be made if the club are to progress in
any meaningful manner and compete in the top division.
This page will give you a break down of the current financial status
of the club and the effect that the new stadium will have.
Check the
Current
Share Price
from a flotation price of 150p
Shareholders
of Southampton FC |
Southampton
Leisure Holdings plc. |
Mercury
Asset Management 8.47%(9)
Waterhead Ltd 4.78%
John L C Corbett 3.94%(5)
Roger Hans Everett 3.09%
Rupert J G Lowe 3.71%
F Guy L Askham 3.46%
M R Richards 2.69%
B H D Hunt 2.62%
K S Wiseman 2.06%
D J Windsor Clive 1.44%
Other Directors 0.75% |
Operating
Sector
Leisure, entertainment & hotels
Activities
Operation of a professional football club, property
development and investment, and the provision of personalised
care in the community for individuals with special care requirements
Number of employees
209 (161).
Previous
Name
(13 Jan 97) Secure Retirement PLC
|
A new share issue was launched in September 1999 and was
underwritten by Rupert
Lowe, Investment firm Waterhead Ltd, Jonathan Marland, Michael Withers
and brokers Collins Stewart. The five parties purchased 7 626
426 shares of the club at 40p a share.
Financial
Breakdown
Total Value of Southampton :
£ 13 400 000
Five
Year Summary P&L with Balance Sheet
year
ended 31 May |
|
1995 |
1996 |
1997(14) |
1998 |
1999 |
turnover |
£m |
2.56 |
1.80 |
6.28 |
14.8 |
15.9 |
pre
tax profit |
£m |
0.59 |
0.27 |
(0.91) |
1.36 |
2.02 |
norm
earn per share |
p |
5.08 |
1.84 |
(6.58) |
200 |
(4.72) |
FRS3
earn per share |
p |
5.08 |
1.84 |
(5.58) |
2.59 |
5.42 |
div
per share |
p |
0.96 |
0.96 |
0.96 |
0.96 |
0.96 |
|
|
|
|
|
|
|
intangibles |
£m |
- |
- |
- |
7.13 |
7.24 |
fixed
assets |
£m |
0.55 |
0.79 |
9.78 |
9.52 |
9.78 |
fixed
investments |
£m |
- |
- |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
stocks |
£m |
1.44 |
1.31 |
0.64 |
0.11 |
0.14 |
debtors |
£m |
0.94 |
1.06 |
2.78 |
2.71 |
2.74 |
cash,
securities |
£m |
3.74 |
3.38 |
0.86 |
0.45 |
0.45 |
|
|
|
|
|
|
|
creditors
short |
£m |
0.56 |
0.46 |
5.03 |
5.22 |
5.36 |
creditors
long |
£m |
- |
- |
2.46 |
2.83 |
2.71 |
prefs,
minorities |
£m |
- |
- |
- |
- |
- |
ord
cap, reserves |
£m |
6.10 |
6.07 |
6.58 |
11.9 |
12.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
mkt
capitalisation |
£m |
4.66 |
5.40 |
24.2 |
20.4 |
10.0 |
Financial reports
SOUTHAMPTON football club crashed to a £3.65 million loss in the first
half of the season, more than double that of 1999 - showing that even
the smaller clubs in the Premiership are not immune to spiralling wage
costs.
The Saints' quoted parent, Southampton Leisure (LSE: SOO.L - news),
reported today that player costs and those of the coaching staff including
new manager Glenn Hoddle rose by 18% in the six months to
30 November.
Costs included those of settling with ex-manager David Jones, whose
contract was terminated prior to his successful fight against criminal
charges. Wages and running costs wiped out Southampton's
turnover of £10.8 million, up 21%, in the period. Operating losses were
widened by a £204,000 deficit on player trading and a £2 million accounting
loss on the write-down in value of previously-acquired
players.
Income from TV rights rose by more than a third to £4.3 million, while
match receipts were up 15% and commercial income rose 20%.
The club predicts a change in income streams when it moves to an out-of-town
stadium next season."