Pack - a - cards - like - fold - of - Please re-arrange as required.If we can win this title and qualify for the champions league they are in a whole world of trouble with a huge pool of players on big money.
I can't wait to watch the meltdown.
And I know which club’s youth system I would rather have and it isn’t theirs. I know we have still to actually start getting some of the youngsters through ours and into the first team but it does feel as though we are not far away from that.The levelling of the playing field continues. Their fans are in for a very rude awakening.
That's just Kolo Toure with a mop on his headThis is Soro, another midfielder brought in out of nowhere to rot in the bench, they bought him and Klimala for over 5 million !
Our Accounts will be published in advance of our General Meeting - as they always are. Daft twats.They are wanting our accounts shown now lol they are proper at it on twitter. Not that they have a clue were ireland is let alone about accounts
Our Accounts will be published in advance of our General Meeting - as they always are. Daft twats.
Will we include the mygers membership income too?We also signed new shirt sponsorship deals with Seko, Tomket Tyres and The Energy Check. That’s money we’ve never had previously.
The profit before tax of £0.1m is a misnomer.
INCLUDED within that number is the gain on sale of players of £24.2m.
So without player sales, they ran a £24m LOSS.
No champs league money this year again, they need to shift some players.
With the players they have signed in the summer and no big sale then without a massive sale in January they are heading for a £20m+ loss for the period ending June 2021
Long blonde hair and his eyes are blue, apparently.Don’t think anyone has seen Soro, period.
That’s the only thing they ever got from him...Long blonde hair and his eyes are blue, apparently.
This makes great reading, they basically had to sell Tierney to balance the books. They have spent 20 million this season and not made any big sale, so net ~40 million down next season.
They need champions league so much next season, if out of touch by xmas could be a fire sale
Exactly how I was reading it and if they get a few Bobo’s who want to hang around and wait for their contracts to run down then they might be shopping in a different market.The profit before tax of £0.1m is a misnomer.
INCLUDED within that number is the gain on sale of players of £24.2m.
So without player sales, they ran a £24m LOSS.
No champs league money this year again, they need to shift some players.
All of the stuff from June onward won't be covered in the accounts so it will look bleak before you factor in the new revenue sources like kit retail and sponsorshipWill we include the mygers membership income too?
And I know which club’s youth system I would rather have and it isn’t theirs. I know we have still to actually start getting some of the youngsters through ours and into the first team but it does feel as though we are not far away from that.
I suspect that they - and ourselves - will not have received all monies from UEFA. Remember, the competitions didn’t end until late August. Indeed we were still playing in the tournament in August.
No idea mate.Ok, but what is the accounting convention here, the value would be known so will this be allowed for within debtors or accrued in some other fashion?
not if the agreement was made after the 30 June. They're disclosed in the notes as they are important post BS eventsAm I reading that right.
those figures don’t even include the substantial fees they’ve spunked on mediocrity in the latest transfer window?
Never mind the potential for a civil suit payout in 2021 re the CBC stuff...A profit before tax of £100k, £18 mil in the bank and they've since spent at least £20 mil on players.
Bye Bye cash reserves, Hello fire sale.
Ok, but what is the accounting convention here, the value would be known so will this be allowed for within debtors or accrued in some other fashion?
Indeed. Just like our own Club in recent years, if they need guys to invest they will get them. Nice to see a little turmoil though.Included in their loss will be the dividend payable to their preferrence shareholders who get paid even if they lose money.
They have many wealthy fans who will bail them out if required.
So that’s why they were desperate to get that tainted title.The profit before tax of £0.1m is a misnomer.
INCLUDED within that number is the gain on sale of players of £24.2m.
So without player sales, they ran a £24m LOSS.
No champs league money this year again, they need to shift some players.
A point that never gets raised, the fat Japanese £3m bonusBut any pending legal litigation needs to be mentioned in the notes.
It's not quite as simple as that.If I’m reading that right they had £18m spent £20m and lose about £20m without covid The £13m overdraft doesn’t cover that. It’s a January fire sale ahead
Our supporters are hard working businessmen and protestants who have worked hard and saved and invested prudently.Whats stopping them doing a share issue to raise funds like we do?
Genuine question, im no financial expert.
They're owed 48 million quid from old player sales?It's not quite as simple as that.
Yes, £18m was their cash in the bank figure at the end of June.
If you look at their accounts they have total trade receivables (mostly transfer fees owed to them by other clubs) of £48m.
They have trade payables (money owed to other clubs and other creditors) of £21m. So if you add in the summer spending of, say, £20m, total owed is probably around £40m. So in terms of cash going in and out on transfers, they will likely be about even.
They still have a large wage bill though and the cash in the bank figure plus financing facility are going to be squeezed out by the end of the season.
Haven't heard anymore about the infamous 34m. Low low interest Coop bank
Loan.
I'm presuming it's still live.
If they hadn't sold Tierney it would have been a £25m loss last season Grigo.The transfers are amortised over the players contracts, so I think you’re slightly OTT AL.
My thoughts, using last year & this year as the base, is circa 25m loss including COVID impact unless They sell big at Xmas.