ponsaelius Posted May 18, 2018 Share Posted May 18, 2018 https://twitter.com/bigchrisholt/status/997452651024519168 ? Link to post Share on other sites More sharing options...
Twinport53 Posted May 18, 2018 Share Posted May 18, 2018 I thought the whole point in loaning out Saviet, Thauvin etc was so other clubs paid their wages? To further this... Released - Colo, Saylor Sold - Moussa, Gini, Janmaat, Townsend, Tiote, Cabella, Papiss Loaned out - Saviet, Staka, Thauvin, Vukic, Toney, Krul, Riviere, De Jong, Woodman, Sammy, Arma. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 maybe they pay barnes £40m a year Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 18, 2018 Share Posted May 18, 2018 The loss is £44m btw, you get tax relief on losses. The massive difference (~£50m) will actually mostly be to do with player sales. That doesn't effect the operating profit in the accounts so they've purposely used that as their headline figure. Aye, it's sensationalism as per usual. Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 18, 2018 Share Posted May 18, 2018 maybe they pay barnes £40m a year Alan? Link to post Share on other sites More sharing options...
Dave Posted May 18, 2018 Share Posted May 18, 2018 The concept of insisting on paying in full up front for transfers yet allowing buying clubs to pay in installments seems to continually hinder the club massively. Surely the two should match, whichever option you're going with. Link to post Share on other sites More sharing options...
hoppaz Posted May 18, 2018 Share Posted May 18, 2018 The Board have only themselves to blame. They were the ones who hired McClaren then proceed to tell eveyone and the fans forum that we would not be relegated. Zero out of ten for corporate governance. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 maybe they pay barnes £40m a year Alan? is the lad not called barnes, justin or whatever? the cunt that ashley brought in to fuck everyone over Link to post Share on other sites More sharing options...
Guest firetotheworks Posted May 18, 2018 Share Posted May 18, 2018 The Board have only themselves to blame. They were the ones who hired McClaren then proceed to tell eveyone and the fans forum that we would not be relegated. Zero out of ten for corporate governance. There's no board. It's just Ashley. Link to post Share on other sites More sharing options...
thomas Posted May 18, 2018 Share Posted May 18, 2018 maybe they pay barnes £40m a year Alan? is the lad not called barnes, justin or whatever? the cunt that ashley brought in to fuck everyone over Aye. Supposedly the one fucking about with deals. His existence has severely blunted my dislike for Charnley. Link to post Share on other sites More sharing options...
Anderson Posted May 18, 2018 Share Posted May 18, 2018 The loss is £44m btw, you get tax relief on losses. The massive difference (~£50m) will actually mostly be to do with player sales. That doesn't effect the operating profit in the accounts so they've purposely used that as their headline figure. That figure includes £30m in onerous contract provisions, essentially for those players no longer considered part of first-team plans but who are still employed by the club, as well as promotion bonuses. And that's the main point to consider when looking at the salaries figure. They've essentially brought forward £30m of future salaries costs and dumped it into this financial year inflating the 'accounting loss'. Also worth noting that in cash flow terms we've lost £25m in the year, which is more of a 'real world' figure to look at. Link to post Share on other sites More sharing options...
Greg Posted May 18, 2018 Share Posted May 18, 2018 Wage bill in the Championship just £15m lower than Spurs who finished 2nd in the Premier League. Something dodgy going on here. Link to post Share on other sites More sharing options...
Mikky Posted May 18, 2018 Share Posted May 18, 2018 The more I think about the more I believe the whole "Takeover" was one big con job and Staverley is Ashley's mate Link to post Share on other sites More sharing options...
ianovthetoon Posted May 18, 2018 Share Posted May 18, 2018 Probably included the salaries of players on loan. We’ve paid them and built it in to the loan fee no doubt. It’ll probably take in to account the likes of Thauvin etc who were still strictly speaking on our books until permanent transfers were confirmed. Cooking the books definitely springs to mind! Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 That figure includes £30m in onerous contract provisions, essentially for those players no longer considered part of first-team plans but who are still employed by the club, as well as promotion bonuses. And that's the main point to consider when looking at the salaries figure. They've essentially brought forward £30m of future salaries costs and dumped it into this financial year inflating the 'accounting loss' Also worth noting that in cash flow terms we've lost £25m in the year, which is more of a 'real world' figure to look at. so what they've accounted for paying all of the salary costs for certain players up front in last years accounts, is that what you mean? Link to post Share on other sites More sharing options...
hoppaz Posted May 18, 2018 Share Posted May 18, 2018 The Board have only themselves to blame. They were the ones who hired McClaren then proceed to tell eveyone and the fans forum that we would not be relegated. Zero out of ten for corporate governance. There's no board. It's just Ashley. TBF McClaren was thumb heeds and Carr's pick so they are part of the Board so to speak. Link to post Share on other sites More sharing options...
Disco Posted May 18, 2018 Share Posted May 18, 2018 At least it doesn't make the £400m price tag look absolutely ridiculous. Link to post Share on other sites More sharing options...
ED209 Posted May 18, 2018 Share Posted May 18, 2018 Is this ammo for a take over? Your club is looks ing a fortune , we bid £200m! Link to post Share on other sites More sharing options...
Elma Posted May 18, 2018 Share Posted May 18, 2018 I'm no accountant and I agree on the timing being very suspect, but a few things I think I can see in there: We made £125.8m in the relegation season. We will make more in the current year as we've got that coming in in prize money alone. Add in gate receipts and commercial revenue and it should be higher than that. Those losses in the last year don't include Gayle, Ritchie and Sels, which came out of the previous year. Therefore we signed £30 million worth of players for the relegation season which was included in the £80 million net from 2015/2016, when we still made a profit. If Ashley is happy sitting with his loan at £144 million, and isn't trying to claw back the £15 million he had to put in due to his incompetence at running the club and getting it relegated, then why shouldn't we be able to offer Rafa a comparable budget this year? They also alluded to payments for the sales of players being staggered (we knew about the Sissoko deal structure) so some more of that cash will be coming back in too. The wage bill is obviously high and I'm not sure when we get this year's prize money (?), but I can't see any reason why at least £40-£50 of that couldn't be released this summer, with the sales of Mitro, Mbemba, Sels etc topping up the pot. That would give Rafa nigh on £80 million without breaking the bank. Link to post Share on other sites More sharing options...
Broadsword Posted May 18, 2018 Share Posted May 18, 2018 £30m onerous wages provision, basically writing off future wages this year on players who will never play again. The total loss is really £15m not £45m. Sly accounting trick I think. Link to post Share on other sites More sharing options...
Anderson Posted May 18, 2018 Share Posted May 18, 2018 That figure includes £30m in onerous contract provisions, essentially for those players no longer considered part of first-team plans but who are still employed by the club, as well as promotion bonuses. And that's the main point to consider when looking at the salaries figure. They've essentially brought forward £30m of future salaries costs and dumped it into this financial year inflating the 'accounting loss' Also worth noting that in cash flow terms we've lost £25m in the year, which is more of a 'real world' figure to look at. so what they've accounted for paying all of the salary costs for certain players up front in last years accounts, is that what you mean? Basically. Essentially said Tom, Dick and Harry are no longer part of the first team squad, their contracts are therefore onerous and they've provided for all future costs of those contracts in this financial year. Means they're accounting for full cost of them, regardless of whether they manage to get them off the books in the future, in this accounting period. They'll not have not actually paid out any of that £30m in cash though. Link to post Share on other sites More sharing options...
Tooj Posted May 18, 2018 Share Posted May 18, 2018 Sounds like Ashley has been taking accounting tips from Happy Face. Link to post Share on other sites More sharing options...
Greg Posted May 18, 2018 Share Posted May 18, 2018 Sounds like Ashley has been taking accounting tips from Happy Face. Link to post Share on other sites More sharing options...
Guest The Little Waster Posted May 18, 2018 Share Posted May 18, 2018 The Board have only themselves to blame. They were the ones who hired McClaren then proceed to tell eveyone and the fans forum that we would not be relegated. Zero out of ten for corporate governance. There's no board. It's just Ashley. There is no Dana only Zool Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 They also alluded to payments for the sales of players being staggered (we knew about the Sissoko deal structure) so some more of that cash will be coming back in too. this is no surprise to anyone though, you can sell 2 players for £55m but you're only likely to get £11m per season back or whatever it will be...as dave said it's ashley's own insistence on this bullshit that's the problem Link to post Share on other sites More sharing options...
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