Colos Short and Curlies

30 minutes ago, BGRM said:

Aye he's shite like. 62 goals in 89 internationals. 263 goals in 405 for his clubs. We need a better goal scorer like 

You’re not looking at the bigger picture here.

Kane is destined never to win a trophy. Drop him/he gets injured and we are destined to win the Euros 

17 minutes ago, Chicken Dancer said:

Sorry?

Just look at his career man

Does anyone actually want to win the Euros with those line ups?

not only should Kane not be starting we need him out of the squad full stop.

It’s impossible for us to win it with Kane there

This season really was 94/95 revisited wasn’t it ?

16 minutes ago, NSG said:

Maybe we should set up a thread for us chartered accountants to discuss this?
 

Would be the least viewed thread on the forum but would keep us three happy  

It would no doubt have the highest ratio of lurkers to posters guaranteed

18 minutes ago, Toon1892 said:

Football clubs do not amortise transfer fees monthly. It is daily. Sorry.

 

Sorry but you’re just wrong here. Even if you were correct and it was monthly you round to the nearest month. Therefore if a player was signed on 30 June 2024, the months charge would be recognised in July 2024 given the majority of the first contractual month falls in July 2024. But in practice this isn’t how it works. It is done daily.

 

 

 

I try to avoid getting geeky on here but if you go technical then FRS102 is silent on the period (day/week/month) other than it being over the UEL (or contract length here) so you defer to management judgement and estimates.

I've been doing this a long time both as an auditor and then trough to CFO, you would apply a daily calculation to financial assets but for the vast majority of PPE or intangibles it is monthly, your depreciation or amortisation charge would be equal across the 12 months and not higher in May than February.

And I will go all Billy Big Bollocks here, but I did audit Wayne Rooney's amortisation schedule in 2005 and that was a monthly calculation.

15 minutes ago, NSG said:

Sure we could just drop an accrual or change an accounting policy if we absolutely had to like. 
 

IIRC we’ve got a provision in for onerous contracts so if we shifted an unwanted player or two early then we might get some payback from that.

Yes if we had written off future wages and then sold the player so didn’t have to pay those wages you would release the residual.

we are pretty much down to Hayden with that now though.

we don’t have much in our accounts that would make a difference to faff about with 

1 hour ago, Toon1892 said:

No, I’m telling you as a chartered accountant. The standard dictates it needs to be calculated daily. It’s not a faff.

And the reality is that there are always management discretions on applying the  standards. Where someone is paid weekly or monthly then you would be well within your rights to base calculations on that basis.

And I can tell you 100% that football clubs amortise transfer fees monthly.

32 minutes ago, Toon1892 said:

No it’s calculated daily

It would be monthly in reality, daily would be far too much of a faff.

The accounting policy says the full value is capitalised on the date of the transaction and then amortised straight line (i.e. the same amount every month) over the length of the contract.

So it is true that we'd only have 1 months cost this year for a June signing, that would be £583,333.33 in the year for a £35m player with a 5 year contract.

Forest would get the full benefit of the sale this year

It's not even that definite that Pope would get an offer elsewhere that would be attractive to him.

Make him the default cup keeper - there's 5 games in winning the League cup, 6 in winning the FA cup and 14 in the Conf League. With there always being a chance of injury or suspension to get some league games it may well be his best option

17 minutes ago, NSG said:

If he’s on a 5 year deal and it’s £35m then it’s £7m a year, but only a few weeks would hit this year so you’re maybe looking £100k or so by the time the deal is done.

Looking at our accounting policies I think that is right, but unless it is beneficial to either club to conclude on June (don’t see it here) then it would be a July transfer 

1 hour ago, Chris_R said:

 

We can take Mainoo for free, since they think contracts don't mean anything.

I still think that Mainoo has changed his name as a marketing tool for playing for ManU

Got to feel for Jay Turner-Cooke today

7 minutes ago, KaKa said:

 

I believe it is the typical formality, yes, but seems very far fetched claiming that means he was sacked. 

It depends on the wording in the contract, most will say it needs to be in writing but not all do by any means and if the contract is silent on it then verbal would be binding

I’ll stick my neck out on Arsenal here.

after the last 2 seasons they will either win the league or finish battling for 4th/5th. Lego head has done a great job but it’s going to take one hell of an effort to get them going again after coming close 2 years on the spin. 

I'd love an Inter Toto competition this summer.

Competitive pre-season but not overly taxing in terms of teams we'd face. I put a lot of the league position in 2001/2002 to being match sharp from game 1 after the Inter Toto run

This was our 94/95 season.

we’ve just signed with Adidas, you know what happens next

12 hours ago, SUPERTOON said:

 

Is there something going on at Bayern? Seems very odd that so many people - and some of them with a slightly bruised reputation - are turning them down

If he does leave for Liverpool now at least we can get him banned for tipping people off about which club he’s going to 

2 minutes ago, simonsays said:

It's only worth something if you can build on it now or in the future though. Interesting concept though.  Could we potentially build loads of club infrastructure which isn't included in FFP and then sell it to boost ouR FFP?

The time it would take to do that would make it defunct - either FFP disappears or the rules change to prevent it.

If we had plans to move training ground and/or stadium we could see any land that we own around it to the owners (they are developers after all) and then rent the current facilities whilst the new one is being built, that should pass the requirements.

Shame we don't own the land under SJP, that would be worth a decent wedge, certainly when put next to our income requirements for the next couple of years

25 minutes ago, Coffee_Johnny said:

Foolishly got rid of streaming kit (as but the bullet paid for Sky & TNT). Can’t seem to pick-up Radio Newcastle here (Warrington). Left with frustration of intermittent score updates on national radio and grubby-gardening-handed checking in here ?‍♂️ 

Just register with nufc.co.uk

If we have accelerated recognising his wages then its very likely (I'd say pretty much 100%) that any residual transfer fee on the books would have been written off at the same time so releasing him will have nil impact on FFP

Was hoping we'd have the Adidas kit on for this

He probably needs a trophy next season. Conference or league cup will do.

36 minutes ago, Jackie Broon said:

 

Leicester might be the most likely to bring a challenge.

maybe but they may have to wait until they are relegated again. You can bring many examples where big spending clubs go down (us in 2015/16 springs to mind) and where clubs who don’t spend stay up.

so the points deduction and spend restriction wouldn’t be enough on their own to win a case - I think anyway ?