Colos Short and Curlies

NUST are in a very similar situation to the Tories. It should be the easiest job in the world for Cameron to get people to vote for him rather than Brown, similarly the NUSt should find it piss easy to put together a credible alternative to Ashley. Neither seem to be doing a good job at it, so its a case of whoever wins, we all lose

I don't know where to start on that tbh - maybe a search on Mike Ashley Holdings Limited? I'll let you know what turns up. MASH Limited incorporated March 2008, cba to buy the information on it OK got the annual return for that - no accounts because it's a small company. Registered office in Goat Lane, Norwich Can't see that any of the directors or shareholders have anything whatsoever to do with Ashley or St James Holdings. Norwich Mafia Out! Too f*cking right - Boycoutt the bastards! Where are you???? Nowhere near Norwich but I've got a cousin who lives there - I'll put the word out. was a rubbish Delia Smith impression!

I don't know where to start on that tbh - maybe a search on Mike Ashley Holdings Limited? I'll let you know what turns up. MASH Limited incorporated March 2008, cba to buy the information on it OK got the annual return for that - no accounts because it's a small company. Registered office in Goat Lane, Norwich Can't see that any of the directors or shareholders have anything whatsoever to do with Ashley or St James Holdings. Norwich Mafia Out! Too f*cking right - Boycoutt the bastards! Where are you????

Football might be fucked in 2 years time though money wise I don't see how that's relevant when the companies that give us money aren't football clubs nor companies that have their business directly related to football. If (when) the football gravy train grinds to a halt (and the signs are there that it is happening already) then advertising deals/sponsorships will decrease in size

I don't know where to start on that tbh - maybe a search on Mike Ashley Holdings Limited? I'll let you know what turns up. MASH Limited incorporated March 2008, cba to buy the information on it OK got the annual return for that - no accounts because it's a small company. Registered office in Goat Lane, Norwich Can't see that any of the directors or shareholders have anything whatsoever to do with Ashley or St James Holdings. Norwich Mafia Out!

Football might be fucked in 2 years time though money wise

How many people use a product based on seeing it on a football shirt? I have never felt inclined to buy Chang Beer/Carlsberg etc after watching a Merseyside derby. I dont think Northern Rock get too much business on the back of seeing a fat geordie in a shirt tbh I hadn't heard of Chang before they sponsored Everton, and tried on on the back of now knowing that it existed.

So what's Nobby then?

MASH Limited does - set up in March 2008 edit, why Mike Ashley Holdings bescomes MASH I don't know - but thats what the NUST thing says

I think its all based on the land issue, he took it out the club at the start and is worth a fair bit. They seem oblivious to the fact transfers arent paid in full in cash immediately Like anyone has made £7m a month on land in the past couple of years

I don't know where to start on that tbh - maybe a search on Mike Ashley Holdings Limited? I'll let you know what turns up. MASH Limited incorporated March 2008, cba to buy the information on it

Nolan's legs have gone, how many goals has he got this season? As a bit part player Nobby can have an impact this season. 2 goals and 4 assists could be all it takes to make the difference between promotion or not. Would you rather Nobby or Pancrate knocking in a free kick or corner in the last 5 mins?

I haven't looked at the accounts for 2007/2008/2009 enough to say if this is the case or not, but it would have been/will be bloody obvious from the accounts if he has been doing this. I guess that if forensic accountants have been invovled then NUST have had access to the source data for the accounts? Bit of a waste of money if they are just paying people to decipher the published accounts

For all those worried about having Virgin on our shirts, its just as likely that Tesco will be the ones to buy out Northern Rock (the good bit)

It's always been a bit vague, but it seems that 'backers' have morphed into 'partners' and now into 'advisers'. Presumably 'mates' is the next step. Read the first email, it clearly says ADVISORS hence why i posted this to stop anyone talking bollocks, well done on managing to fail to understand it. It still wont stop some the NO anti-NUST brigade trying to make it into some form of conspiracy. To be honest I'm more concerned that they are using accountants from Leeds. Think of the petrol money being spent on the A1. I'm sure that there must have been at least one Geordie accountancy firm willing to do the work (tongue firmly in cheek)

If you're going to remove Given and N'Zogbia from the wage bill then you'd need to add Nolan and Taylor to it. Personally I guessed at our player wage bill as dropping about £26m. That sounds reasonable. 200 other staff were let go too though which would go some way to making up the other £6m to make £32m. Those 200 would have to be on an average salary of £30k each. Which is entirely feasible, given Dennis Wise was on £1.5m not to mention his scout friends who sorted out the 'commercial' deals that were nowt to do with football. Still paying Wise aren't we? Or at least had to pay him off. Not a saving this year

Apparently so. I've heard someone from Sage is involved but that's just through the grapevine and will probably be total horseshite. If its Wiley then its horespoo. He has said many times that he has no interest in owning a football club

FYP

There's a risk that people can lose a lot of their pensions just by leaving it with the pension people!

I cant see any way we're making profit this year reduced income wages while lower still are a huge percentage of our current income etc. Transfers are a red herring yes, personally I would never include them in determining the Profit or Loss (I would also exclude the ammortisation of the transfer fee, but thats just me). As an accountant I would say that it is possible that we will scrape a profit either last year or this, however as a fan I would say that we have made a Loss on the Martins transfer etc and therefore would say that the club has been losing money.

If buying players only affects the P&L over time (ie spend over the period of the contract), surely the same is the case for selling players? Profits/losses on player sales are shown in the year the player is sold. Example: Player is bought for £8 million on a 4 year contract. The P&L is charged (amortisation) £2 million every year of the contract. If however the player is sold after 2 years for £6 million then the P&L will show a profit that year of £2 million - being £6 million less the written down value of the player of £4 million(8-4). Edit: Just for clarification - once the player has been sold no further charges are made to the P&L and the player disappears from the club accounts. So given what we paid for the players sold in the last 5 months, shouldn't the profit on players in the last 5 months be hefty? Genuine question.... Bassong is bought for £0 on a 4 year contract. The P&L is charged (amortisation) £0 million every year of the contract. However the player is sold after 1 year for £8 million then the P&L will show a profit that year of £8 million - being £8 million more the marked up value of the player of £8 million(8-0). and the other players were Martins Beye and Duff who's combined profit/loss is dwarfed by the size of the bassong deal. Similarly large profits would have been realised on Given, Nzogbia and Milner recently too if I understand you right. No? I've got a feeling that you're thinking along the lines of highlighting this "profit" as reasons against Ashley when the accounts are released, non? Not particularly. The only thing I slag Ashley off for is lying. I'm only posting in here because people are saying it's ridiculous to think for a moment that the club could currently be making money and I still can't see how it isn't (at least before profit is used to satisfy the debt to Ashley). That's not to say Ashley has taken out more than he's put in or that if he were to sell at the moment he would walk off with a profit. You have got to remember that its only an accounting profit anyway. I'm sure we have in reality lost money on Martins in terms of fees paid and received, but the accounts will show a profit

Simples, thats the rules. And I don't agree that fair value accounting would be appropriate here, players values are so subjective that it would be very difficult to get a fair comparison between clubs and would create too many opportunities to boost profitability

If buying players only affects the P&L over time (ie spend over the period of the contract), surely the same is the case for selling players? Profits/losses on player sales are shown in the year the player is sold. Example: Player is bought for £8 million on a 4 year contract. The P&L is charged (amortisation) £2 million every year of the contract. If however the player is sold after 2 years for £6 million then the P&L will show a profit that year of £2 million - being £6 million less the written down value of the player of £4 million(8-4). Edit: Just for clarification - once the player has been sold no further charges are made to the P&L and the player disappears from the club accounts. So given what we paid for the players sold in the last 5 months, shouldn't the profit on players in the last 5 months be hefty? Genuine question.... Bassong is bought for £0 on a 4 year contract. The P&L is charged (amortisation) £0 million every year of the contract. However the player is sold after 1 year for £8 million then the P&L will show a profit that year of £8 million - being £8 million more the marked up value of the player of £8 million(8-0). and the other players were Martins Beye and Duff who's combined profit/loss is dwarfed by the size of the bassong deal. Similarly large profits would have been realised on Given, Nzogbia and Milner recently too if I understand you right. No? Yes - Martins will have a decent profit on him btw as we had owned him for a while so his value will have been relatively small. We should see the proft for Given, N Zog and Milner in these accounts, Bassong et al next year. You will see two numbers in the accounts. Profit/Loss before player trading (which will exclude these sales) Profit/Loss (which includes them) You want the profit in the first one to be a high proportion of the second one, otherwise it shows that on a day to day basis we are in the shit!

If buying players only affects the P&L over time (ie spend over the period of the contract), surely the same is the case for selling players? Shouldnt you be posting something in there? The quote button always f***s up when I'm on my work laptop?!?!! No probs mate, wasnt sure if you were being arsey til i saw your edit I'm never Arsey! :colo:

Correct