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? 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. that is fucking diabolical like, absolutely ridiculous Link to post Share on other sites More sharing options...
hoppaz Posted May 18, 2018 Share Posted May 18, 2018 They basically knew they would take the gamble as in the future I believe they will benefit from tax free profits to the tune of the 50m loss which is apparently what Rafas budget would be this summer. Its nothing too bad as they are using the accounting rules to the benefit of the club. Link to post Share on other sites More sharing options...
Guest neesy111 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. that is fucking diabolical like, absolutely ridiculous It's standard accounting practice in football tbh. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 on that wages thing though that reduces the wage bill going forward by £30m though right, you can't account for such things twice? Link to post Share on other sites More sharing options...
Guest The Little Waster Posted May 18, 2018 Share Posted May 18, 2018 Can’t see Rafa staying on the back of this and as for potential takeovers , no one would touch us with a ten metre caliprod 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? 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. that is fucking diabolical like, absolutely ridiculous It's standard accounting practice in football tbh. i'll bow to your superior knowledge but it's the first i've heard if it Link to post Share on other sites More sharing options...
Nobody Posted May 18, 2018 Share Posted May 18, 2018 As if we raised our total wages by almost £40m for a season in the Championship Link to post Share on other sites More sharing options...
Guest The Little Waster Posted May 18, 2018 Share Posted May 18, 2018 They basically knew they would take the gamble as in the future I believe they will benefit from tax free profits to the tune of the 50m loss which is apparently what Rafas budget would be this summer. Its nothing too bad as they are using the accounting rules to the benefit of Ashley There fixed that for you Link to post Share on other sites More sharing options...
Robster 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. that is fucking diabolical like, absolutely ridiculous It's standard accounting practice in football tbh. i'll bow to your superior knowledge but it's the first i've heard if it How many use it as an excuse not to spend though ? Link to post Share on other sites More sharing options...
xLiaaamx Posted May 18, 2018 Share Posted May 18, 2018 Be fine if the dodgy accounting was actually used to bend rules in our favour, rather than for that money to just sit and not do anything. Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 18, 2018 Share Posted May 18, 2018 Take out that £30m and promotion bonuses our wages still increased after a season in the championship, that is shambolic management of the finances. Link to post Share on other sites More sharing options...
ponsaelius Posted May 18, 2018 Share Posted May 18, 2018 Most clubs use dodgy accounting to sign more players. We're the only club that's doing it to artificially engineer PR excuses not to spend. Link to post Share on other sites More sharing options...
Anderson Posted May 18, 2018 Share Posted May 18, 2018 Take out that £30m and promotion bonuses our wages still increased after a season in the championship, that is shambolic management of the finances. Not particularly surprising. Had a higher volume of players coming in, even if we shifted a few big earners. Plus Rafa and his team will be on substantially more than the jokers before him. Link to post Share on other sites More sharing options...
thomas Posted May 18, 2018 Share Posted May 18, 2018 so do i need to give up now or wait until after the world cup Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 18, 2018 Share Posted May 18, 2018 Take out that £30m and promotion bonuses our wages still increased after a season in the championship, that is shambolic management of the finances. Not particularly surprising. Had a higher volume of players coming in, even if we shifted a few big earners. Plus Rafa and his team will be on substantially more than the jokers before him. Relegation clauses for those that stayed though? Although wouldn't surprise me if they forgot to add them in again. Link to post Share on other sites More sharing options...
Anderson Posted May 18, 2018 Share Posted May 18, 2018 Take out that £30m and promotion bonuses our wages still increased after a season in the championship, that is shambolic management of the finances. Not particularly surprising. Had a higher volume of players coming in, even if we shifted a few big earners. Plus Rafa and his team will be on substantially more than the jokers before him. Relegation clauses for those that stayed though? Although wouldn't surprise me if they forgot to add them in again. Wasn't it pretty well publicised at the time that Shelvey, our highest earner, didn't? Link to post Share on other sites More sharing options...
Twinport53 Posted May 18, 2018 Share Posted May 18, 2018 If anybody wonders what RTG make off all this, here's a glimpse... Mackem 1 - Ashley is a very successful businessman and whilst he pisses them off, I can't say he's ever made a bad business decision in relation to NUFC. Mackem 2 - I would kill to have him running our club. Link to post Share on other sites More sharing options...
Guest firetotheworks Posted May 18, 2018 Share Posted May 18, 2018 so do i need to give up now or wait until after the world cup 938 years ago. Link to post Share on other sites More sharing options...
Anderson Posted May 18, 2018 Share Posted May 18, 2018 on that wages thing though that reduces the wage bill going forward by £30m though right, you can't account for such things twice? Aye. Plus they'll have to release it back as a credit if they manage to shift anyone they've previously provided for. Link to post Share on other sites More sharing options...
thomas Posted May 18, 2018 Share Posted May 18, 2018 so do i need to give up now or wait until after the world cup 938 years ago. rude Link to post Share on other sites More sharing options...
Shelveys Hair Posted May 18, 2018 Share Posted May 18, 2018 Someone needs to look at wage bills and bonus' for the last 10 years.. see what bonus was offered last time we were relegated. Link to post Share on other sites More sharing options...
Eddy Chibas 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 This cashflow shortfall, by not receiving a large lump sum (in a single season), and insisting on paying for all incoming players in full conveniently relegates us to the bargain bin (in comparison to what other clubs are spending on a single player) by default. It's disgusting. Link to post Share on other sites More sharing options...
xLiaaamx Posted May 18, 2018 Share Posted May 18, 2018 Also the biggest bullshit is all this does is explain last years situation. Fair enough, if you're being very lenient you can now see why we only were able to spend 30 odd million. (Still bullshit.) But there's been a year of PL money since then. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 18, 2018 Share Posted May 18, 2018 after all this time he's still actively pushing back against making the club a success, going out of his way to make things difficult at every conceivable level, it's incredible it really is Link to post Share on other sites More sharing options...
Guest neesy111 Posted May 18, 2018 Share Posted May 18, 2018 Our club is comically ran, how on earth Charnley is in such a position shows what a clown Ashley is. Link to post Share on other sites More sharing options...
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