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Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan


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SD have just tweeted for the first time in a month.

 

Safe to say they are getting hammered. :lol:

 

Fantastic stuff by all on there  :lol:

 

This!! :lol: :lol:

 

Cant stop laughing looking at all those tweets :lol:

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Well that's just a bloody tease isn't it.

 

Fair play from Edwards, though.

Have I missed something, whats particularly teasing about that Edwards article? ???

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Well that's just a bloody tease isn't it.

 

Fair play from Edwards, though.

Have I missed something, whats particularly teasing about that Edwards article? ???

 

Cos it stops right before the facts and figures he says he's about to offer. :laugh: Presumably it's just a graphic which can't be pasted into the forum.

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Would like to imagine that he's not actually on the phone there, but just pressing his other ear closed as the photographer shouts "wanker" at him.

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Those stats for fwiw :

 

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The next bit is messed up for some reason and the 2nd part seems back to front, so I've broken it up so it's readable.

 

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YoRAqt6.png 7rnURGa.png

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I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

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I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

This is how I read it, we pay them for the merchandise, they sell it and keep the lions share of the profits, risk free for SD and just another of the 1000 ways Ashley pockets the club's cash.
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I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

This is how I read it, we pay them for the merchandise, they sell it and keep the lions share of the profits, risk free for SD and just another of the 1000 ways Ashley pockets the club's cash.

 

Matt will be along soon to deny this like, but I 100% believe the money is vanishing through clever accounting and payment for services that the club doesn’t need.

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I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

This is how I read it, we pay them for the merchandise, they sell it and keep the lions share of the profits, risk free for SD and just another of the 1000 ways Ashley pockets the club's cash.

 

Matt will be along soon to deny this like, but I 100% believe the money is vanishing through clever accounting and payment for services that the club doesn’t need.

 

Absolutely no doubt about it in my mind.

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Colos Short and Curlies

I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

This is how I read it, we pay them for the merchandise, they sell it and keep the lions share of the profits, risk free for SD and just another of the 1000 ways Ashley pockets the club's cash.

 

Matt will be along soon to deny this like, but I 100% believe the money is vanishing through clever accounting and payment for services that the club doesn’t need.

 

There's no clever accounting involved, it's all in shady retail/outsourcing agreements and the lack of sponsorship money.

 

The accounts are too simple for any hidden payments to be in there. That's not to say he isn't 100% using the club for his own gain and tax efficiencies, just that there is no hidden pilfered monies there

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Sold himself the Strawberry land off the club for £6m, sold it back to club for £50m despite saying the club will not use it.

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I might be wrong with my understanding of this, but sports direct get discount for bulk buying our merchandise, so they buy it and the club buy it off them. However, when it’s then sold on, the money goes to sports direct given that we outsource the club shop? So sports direct are selling gear without having to pay for it first?

This is how I read it, we pay them for the merchandise, they sell it and keep the lions share of the profits, risk free for SD and just another of the 1000 ways Ashley pockets the club's cash.

 

Matt will be along soon to deny this like, but I 100% believe the money is vanishing through clever accounting and payment for services that the club doesn’t need.

 

There's no clever accounting involved, it's all in shady retail/outsourcing agreements and the lack of sponsorship money.

 

The accounts are too simple for any hidden payments to be in there. That's not to say he isn't 100% using the club for his own gain and tax efficiencies, just that there is no hidden pilfered monies there

 

Is the sky money from last year shown in the current accounts?

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No. The last filed accounts cover the year ended 30th June 2017, which takes in the Championship season.

 

The next accounts to 30th June 2018 do not need to be filed until the end of March 2019.

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