Toonpack Posted March 30, 2015 Share Posted March 30, 2015 FWIW Spurs Training Ground cost ~£30m Can't be that, that would be a capital expense (as was mentioned earlier in thread) and would only hit profit/loss via depreciation over it's lifetime. Just like player amortisation. There's something else......... Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 30, 2015 Share Posted March 30, 2015 Lee Charnley's profitability bonus? Link to post Share on other sites More sharing options...
Matt Posted March 30, 2015 Share Posted March 30, 2015 Seems nuts that isn't at least trying to bring that down each year. Surely it makes selling the club tough if it's got £129m he wants back in full when he leaves? - The only thing helping out with us still being sold with £129m of debt is the fact that TV money keeps going up and up. It doesn't make selling the club any harder or easier- this misconception one crops up with every set of results. Businesses are sold based on Enterprise Value- that is the value of the operations of the business, regardless of capital structure and there are various approaches on how EV is calculated which aren't important here. Equity value = Enterprise value - net debt So if the operations of NUFC are worth £200m and it has debt of £129m, then the equity in the business is worth £71m and Ashley would get £200m when he sells. If the club was only worth £100m then the equity value would be MINUS £29m. Ashley would get £100m for the club. It's all about the value of the operations- not shareholder loans. Link to post Share on other sites More sharing options...
Toonpack Posted March 30, 2015 Share Posted March 30, 2015 Lee Charnley's profitability bonus? His food costs maybe ?? Link to post Share on other sites More sharing options...
Disco Posted March 30, 2015 Share Posted March 30, 2015 FWIW Spurs Training Ground cost ~£30m Can't be that, that would be a capital expense (as was mentioned earlier in thread) and would only hit profit/loss via depreciation over it's lifetime. Just like player amortisation. There's something else......... Link to post Share on other sites More sharing options...
Belfast Boy Posted March 30, 2015 Share Posted March 30, 2015 Until someone sees the actual accounts this is just the club's chosen headlines. The costs thing is essential, how have they grown so much? It's not cheap putting up all these Sports Direct signs you know Link to post Share on other sites More sharing options...
Unbelievable Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. Link to post Share on other sites More sharing options...
Disco Posted March 30, 2015 Share Posted March 30, 2015 Until someone sees the actual accounts this is just the club's chosen headlines. The costs thing is essential, how have they grown so much? Security and gold plated bin bags for the Hull SP.com protests. Link to post Share on other sites More sharing options...
Toonpack Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. I'd take a "creatively" low profit, for tax reasons, coupled with £25 Mill cash at bank though (not holding my breath) Link to post Share on other sites More sharing options...
loki679 Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. I'd take a "creatively" low profit, for tax reasons, coupled with £25 Mill cash at bank though (not holding my breath) More likely to be a £25m chairman's salary Link to post Share on other sites More sharing options...
ikri Posted March 30, 2015 Share Posted March 30, 2015 Probably find out that we're paying sports direct for image rights Link to post Share on other sites More sharing options...
HawK Posted March 30, 2015 Share Posted March 30, 2015 http://www.themag.co.uk/2015/03/newcastle-united-finances-leave-28-5m-unexplained/? Really need to see what these extra millions in costs are made up of.... 2 guesses - they've decided to devalue the squad massively and put amortisation down as costs, or the training ground/complex. I think it'd be the first. Link to post Share on other sites More sharing options...
Happy Face Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. I'd take a "creatively" low profit, for tax reasons, coupled with £25 Mill cash at bank though (not holding my breath) Can you fiddle money you've just hoyed into the bank as a cost like? Link to post Share on other sites More sharing options...
The College Dropout Posted March 30, 2015 Share Posted March 30, 2015 Something's gone on here. Link to post Share on other sites More sharing options...
Minhosa Posted March 30, 2015 Share Posted March 30, 2015 Very surprised to see the final profit figure. Just hope somebody high up in HMRC is a staunch NUFC fans and decides to investigate them. Link to post Share on other sites More sharing options...
loki679 Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. I'd take a "creatively" low profit, for tax reasons, coupled with £25 Mill cash at bank though (not holding my breath) Can you fiddle money you've just hoyed into the bank as a cost like? Depends whose bank. Link to post Share on other sites More sharing options...
Guest YonderStar Posted March 30, 2015 Share Posted March 30, 2015 I had worked it out to be around £50m profit, DOH!! Link to post Share on other sites More sharing options...
mrmojorisin75 Posted March 30, 2015 Share Posted March 30, 2015 Aw man, is the working theory they've hidden the money to avoid paying tax on the profit? Absolute dirtgrubs man Link to post Share on other sites More sharing options...
Sir Toon Posted March 30, 2015 Share Posted March 30, 2015 I wouldn't be surprised if we're paying for Ashley's 'interest' in Rangers or elsewhere and it's in the books as 'other business costs' Link to post Share on other sites More sharing options...
mrmojorisin75 Posted March 30, 2015 Share Posted March 30, 2015 I wouldn't be surprised if we're paying for Ashley's 'interest' in Rangers or elsewhere and it's in the books as 'other business costs' Howay man Link to post Share on other sites More sharing options...
The College Dropout Posted March 30, 2015 Share Posted March 30, 2015 Aw man, is the working theory they've hidden the money to avoid paying tax on the profit? Absolute dirtgrubs man Fairly standard practice for a business with a sole owner. Not "hiding money" but creative accounting. Maximising Profit in accounting terms is only something a business looking to appease Investors looking for dividends does. Ashley isn't looking to sell either. I've said this before in the thread but "Profit" is merely an opinion and is open to legal manipulation. Giving HMRC Cash however, is a fact and one MASH will be looking to avoid as much as possible. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted March 30, 2015 Share Posted March 30, 2015 Aw man, is the working theory they've hidden the money to avoid paying tax on the profit? Absolute dirtgrubs man Fairly standard practice for a business with a sole owner. Not "hiding money" but creative accounting. Maximising Profit in accounting terms is only something a business looking to appease Investors looking for dividends does. Ashley isn't looking to sell either. I've said this before in the thread but "Profit" is merely an opinion and is open to legal manipulation. Giving HMRC Cash however, is a fact and one MASH will be looking to avoid as much as possible. Again, like a lot of your posts when context-free it makes perfect sense, the context here is that Ashley is pissing all over his customer base in order to make the profit and then hiding it Utter cunt of a man. Link to post Share on other sites More sharing options...
Toonpack Posted March 30, 2015 Share Posted March 30, 2015 Weird. Expected a much higher profit. I'd take a "creatively" low profit, for tax reasons, coupled with £25 Mill cash at bank though (not holding my breath) Can you fiddle money you've just hoyed into the bank as a cost like? Oh aye, if you think about it that's basically what amortisation is, it's a book cost but it's not real cash leaving the bank. Link to post Share on other sites More sharing options...
Toonpack Posted March 30, 2015 Share Posted March 30, 2015 Aw man, is the working theory they've hidden the money to avoid paying tax on the profit? Absolute dirtgrubs man Fairly standard practice for a business with a sole owner. Not "hiding money" but creative accounting. Maximising Profit in accounting terms is only something a business looking to appease Investors looking for dividends does. Ashley isn't looking to sell either. I've said this before in the thread but "Profit" is merely an opinion and is open to legal manipulation. Giving HMRC Cash however, is a fact and one MASH will be looking to avoid as much as possible. Again, like a lot of your posts when context-free it makes perfect sense, the context here is that Ashley is pissing all over his customer base in order to make the profit and then hiding it Utter c*** of a man. He can only "hide it" as you say, within the club, if he takes it out that makes it visible and therefore unhidden. Link to post Share on other sites More sharing options...
The College Dropout Posted March 30, 2015 Share Posted March 30, 2015 Aw man, is the working theory they've hidden the money to avoid paying tax on the profit? Absolute dirtgrubs man Fairly standard practice for a business with a sole owner. Not "hiding money" but creative accounting. Maximising Profit in accounting terms is only something a business looking to appease Investors looking for dividends does. Ashley isn't looking to sell either. I've said this before in the thread but "Profit" is merely an opinion and is open to legal manipulation. Giving HMRC Cash however, is a fact and one MASH will be looking to avoid as much as possible. Again, like a lot of your posts when context-free it makes perfect sense, the context here is that Ashley is pissing all over his customer base in order to make the profit and then hiding it Utter c*** of a man. That's not the context at all though. He could have entirely different intentions and do the same thing. All he's doing here is avoiding paying money to HMRC. He could easily use the money to invest in the squad/club instead. But we know that isn't the case. And we aren't the customer base, the main one anyway. We are more akin to a secondary but vocal client. Sky is the main client. Link to post Share on other sites More sharing options...
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