Happy Face Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. Link to post Share on other sites More sharing options...
afar Posted October 23, 2014 Share Posted October 23, 2014 It's to payback the money he lent the club for when we were in the championship from the mistakes he did. Which is a completely ridiculous situation, and the fact that they are implying we should be thankful for him for bailing us out is utter craziness. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? Link to post Share on other sites More sharing options...
afar Posted October 23, 2014 Share Posted October 23, 2014 It was part of an additional £29m to cover costs incurred by relegation, as opposed to the £100m+ that not doing due diligence cost him originally. He's already taken out the other £11m. Why did he even need to inject 29m because we went down, yeah we lost TV money, but the parachute payments offset that a little and the TV money back then was nowhere near the level it is today, we also sold a bunch of players and a made a tidy wedge that summer and got rid of a bunch of high earners like Owen, Duff, Beye and Viduka. Crowds were very healthy during our year out of the PL (wasn't it 48k average) and of course we were back at the first opportunity. I don't believe every club that is relegated needed 29 million to survive one year in the fizzy pop league back then, we didn't even invest in the squad, the players that were brought in were loanees and bargain basement players, like Lovenkrands, Best, Willo and routledge. How the hell do the smaller teams cope, FFS Fulham spent 12 million on one player this summer ! These numbers we get from these guys don't seem to add up sometimes. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 23, 2014 Share Posted October 23, 2014 It was part of an additional £29m to cover costs incurred by relegation, as opposed to the £100m+ that not doing due diligence cost him originally. He's already taken out the other £11m. Why did he even need to inject 29m because we went down, yeah we lost TV money, but the parachute payments offset that a little and the TV money back then was nowhere near the level it is today, we also sold a bunch of players and a made a tidy wedge that summer and got rid of a bunch of high earners like Owen, Duff, Beye and Viduka. Crowds were very healthy during our year out of the PL (wasn't it 48k average) and of course we were back at the first opportunity. I don't believe every club that is relegated needed 29 million to survive one year in the fizzy pop league back then, we didn't even invest in the squad, the players that were brought in were loanees and bargain basement players, like Lovenkrands, Best, Willo and routledge. How the hell do the smaller teams cope, FFS Fulham spent 12 million on one player this summer ! These numbers we get from these guys don't seem to add up sometimes. We lost 35m while in the Championship. Link to post Share on other sites More sharing options...
Happy Face Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? http://i58.tinypic.com/9puhix.png We know the exact TV money next year, and we know wages have come down, but not by how much, so assuming commercial and match day unchanged, it would be around a £45m profit. Then add £20m to that for Cabaye. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? http://i58.tinypic.com/9puhix.png We know the exact TV money next year, and we know wages have come down, but not by how much, so assuming commercial and match day unchanged, it would be around a £45m profit. Then add £20m to that for Cabaye. Jesus christ. Link to post Share on other sites More sharing options...
afar Posted October 23, 2014 Share Posted October 23, 2014 It was part of an additional £29m to cover costs incurred by relegation, as opposed to the £100m+ that not doing due diligence cost him originally. He's already taken out the other £11m. Why did he even need to inject 29m because we went down, yeah we lost TV money, but the parachute payments offset that a little and the TV money back then was nowhere near the level it is today, we also sold a bunch of players and a made a tidy wedge that summer and got rid of a bunch of high earners like Owen, Duff, Beye and Viduka. Crowds were very healthy during our year out of the PL (wasn't it 48k average) and of course we were back at the first opportunity. I don't believe every club that is relegated needed 29 million to survive one year in the fizzy pop league back then, we didn't even invest in the squad, the players that were brought in were loanees and bargain basement players, like Lovenkrands, Best, Willo and routledge. How the hell do the smaller teams cope, FFS Fulham spent 12 million on one player this summer ! These numbers we get from these guys don't seem to add up sometimes. We lost 35m while in the Championship. If we lost that much how come there are not more Portsmouths and Leeds's, how do the smaller clubs that don't have the match day income, TV money (for a championship team we were on the TV a lot that year), the income from transfers we received cope with relegation from the PL. Not saying you are wrong, I'm sure it's reported somewhere that's what we lost but it just doesn't all add up to me. Take Norwich, they spent a lot of money last season when the new PL TV deal came out, bought players like Fer and Van Wolfswinkle for a lot more money than they are used to spending, and it all falls apart for them and they are relegated. Surely financially the are in the shit right now, and if they fail to come straight back up could be staring administration in the face. Link to post Share on other sites More sharing options...
afar Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? http://i58.tinypic.com/9puhix.png We know the exact TV money next year, and we know wages have come down, but not by how much, so assuming commercial and match day unchanged, it would be around a £45m profit. Then add £20m to that for Cabaye. Jesus christ. I'm sure they will tell us all that money was reinvested in the summer transfer splurge and the new TV There's none left and Mike has loaned us another 20 million to pay the bills, because he cares so much. Maybe we are just some tax haven for the big man, that's the only thing I can think of. Link to post Share on other sites More sharing options...
Disco Posted October 23, 2014 Share Posted October 23, 2014 The TV money will dwarf the £25m net spend they did last season. TV deals now and then are miles apart in terms of value. IIRC Norwich are pretty well run plus parachute payments are massive now which will help them as well as not being a club afflicted by crowd changes much and they would have likely had wage clauses in players deals as well as moving on higher foreign earners like RvW and Fer. Saying that they haven't even had a fire sale, spent and taken in roughly £17m over the summer. Link to post Share on other sites More sharing options...
Wallace Posted October 23, 2014 Share Posted October 23, 2014 He must have a plan because we must be a cash-rich club now and he can't leave all that money showing in the end of year accounts and then plead poverty saying we have to sell before we buy and finding new ways to cut costs. Maybe he is planning to repay some of the loan, maybe it is going to be pay for the redevelopment of the training ground. Although if we go down, it should cover the losses incurred by relegation. Link to post Share on other sites More sharing options...
Interpolic Posted October 23, 2014 Share Posted October 23, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? http://i58.tinypic.com/9puhix.png We know the exact TV money next year, and we know wages have come down, but not by how much, so assuming commercial and match day unchanged, it would be around a £45m profit. Then add £20m to that for Cabaye. It sounds sad as fuck but I've been dying to see these accounts for ages, when are they due out? Link to post Share on other sites More sharing options...
afar Posted October 23, 2014 Share Posted October 23, 2014 yep highlight of our season Link to post Share on other sites More sharing options...
Interpolic Posted October 23, 2014 Share Posted October 23, 2014 We spent no money for 18 months, I'm fucking desperate to see them. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted October 24, 2014 Share Posted October 24, 2014 Profits stay within the club. Loan repayments are accounted for prior to profit/loss. How much profit are NUFC roughly expected to make from last season, Happy Face if you have a rough figure? http://i58.tinypic.com/9puhix.png We know the exact TV money next year, and we know wages have come down, but not by how much, so assuming commercial and match day unchanged, it would be around a £45m profit. Then add £20m to that for Cabaye. It sounds sad as fuck but I've been dying to see these accounts for ages, when are they due out? Have to be filed before 1 April 2015, the accounts are generally completed in Jan though and released around ST renewal time iirc Link to post Share on other sites More sharing options...
NG32 Posted October 24, 2014 Share Posted October 24, 2014 It was part of an additional £29m to cover costs incurred by relegation, as opposed to the £100m+ that not doing due diligence cost him originally. He's already taken out the other £11m. Why did he even need to inject 29m because we went down, yeah we lost TV money, but the parachute payments offset that a little and the TV money back then was nowhere near the level it is today, we also sold a bunch of players and a made a tidy wedge that summer and got rid of a bunch of high earners like Owen, Duff, Beye and Viduka. Crowds were very healthy during our year out of the PL (wasn't it 48k average) and of course we were back at the first opportunity. I don't believe every club that is relegated needed 29 million to survive one year in the fizzy pop league back then, we didn't even invest in the squad, the players that were brought in were loanees and bargain basement players, like Lovenkrands, Best, Willo and routledge. How the hell do the smaller teams cope, FFS Fulham spent 12 million on one player this summer ! These numbers we get from these guys don't seem to add up sometimes. We lost 35m while in the Championship. But sold about 42 million punds worth of players and lifted god knows how much off the wage bill. Arrgrgghhh its pissing me off! Link to post Share on other sites More sharing options...
Guest Roger Kint Posted October 24, 2014 Share Posted October 24, 2014 It was part of an additional £29m to cover costs incurred by relegation, as opposed to the £100m+ that not doing due diligence cost him originally. He's already taken out the other £11m. Why did he even need to inject 29m because we went down, yeah we lost TV money, but the parachute payments offset that a little and the TV money back then was nowhere near the level it is today, we also sold a bunch of players and a made a tidy wedge that summer and got rid of a bunch of high earners like Owen, Duff, Beye and Viduka. Crowds were very healthy during our year out of the PL (wasn't it 48k average) and of course we were back at the first opportunity. I don't believe every club that is relegated needed 29 million to survive one year in the fizzy pop league back then, we didn't even invest in the squad, the players that were brought in were loanees and bargain basement players, like Lovenkrands, Best, Willo and routledge. How the hell do the smaller teams cope, FFS Fulham spent 12 million on one player this summer ! These numbers we get from these guys don't seem to add up sometimes. We lost 35m while in the Championship. But sold about 42 million punds worth of players and lifted god knows how much off the wage bill. Arrgrgghhh its pissing me off! Operating profit was about £17m iirc due to turnover going down £30m in TV money and expenses were still £70m+ Its on that swiss ramble page Link to post Share on other sites More sharing options...
Big Geordie Posted October 24, 2014 Share Posted October 24, 2014 The club will still plead poverty even when we report a £40milion profit, next years. They are all liars. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted October 24, 2014 Share Posted October 24, 2014 The club will still plead poverty even when we report a £40milion profit, next years. They are all liars. They'll need a better PR team if they're going to try that. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted October 24, 2014 Share Posted October 24, 2014 The club will still plead poverty even when we report a £40milion profit, next years. They are all liars. They'll need a better PR team if they're going to try that. 40k fans will still believe it even if Ashley sat counting it in the centre circle during the games Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 24, 2014 Share Posted October 24, 2014 what are we expecting to see in the next set of accounts then, the club sitting with cash in the bank or ashley's 18m paid back, or both? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted October 24, 2014 Share Posted October 24, 2014 A sizeable profit, then depends how big he wants the loan repayments to be I suppose. Link to post Share on other sites More sharing options...
Disco Posted October 24, 2014 Share Posted October 24, 2014 The club will still plead poverty even when we report a £40milion profit, next years. They are all liars. They'll need a better PR team if they're going to try that. @leeryder EXCLUSIVE: Franck Dumas tells NUFC fans not to get carried away after record profits announced Link to post Share on other sites More sharing options...
Ndegwa Posted October 24, 2014 Share Posted October 24, 2014 The club will still plead poverty even when we report a £40milion profit, next years. They are all liars. They'll need a better PR team if they're going to try that. @leeryder EXCLUSIVE: Franck Dumas tells NUFC fans not to get carried away after record profits announced :lol: Cheers for that Frank. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted October 24, 2014 Share Posted October 24, 2014 what are we expecting to see in the next set of accounts then, the club sitting with cash in the bank or ashley's 18m paid back, or both? I would imagine both, the FF said it hadnt been paid mind so if true then it would be another year for that. Either way i would question any profits under £50m given the rise in TV/Cabaye cash(not that his loan would affect profits) Link to post Share on other sites More sharing options...
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