quayside Posted January 30, 2019 Share Posted January 30, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Dividends can only be paid if there are profits available for distribution in the balance sheet ("distributable reserves"). As at 30 June 2017 the club had accumulated losses of £85 million in its balance sheet and was technically insolvent. So I think "if" Ashley has taken any money out it would be to reduce the loan. The other point is that he can reduce his loan without any tax implications whereas dividends, bonuses and salary payments are all taxable. Link to post Share on other sites More sharing options...
r0cafella Posted January 30, 2019 Share Posted January 30, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Dividends can only be paid if there are profits available for distribution in the balance sheet ("distributable reserves"). As at 30 June 2017 the club had accumulated losses of £85 million in its balance sheet and was technically insolvent. So I think "if" Ashley has taken any money out it would be to reduce the loan. The other point is that he can reduce his loan without any tax implications whereas dividends, bonuses and salary payments are all taxable. Thanks! Insane how we can accumulate such a loss when we spend fuck all. Link to post Share on other sites More sharing options...
quayside Posted January 30, 2019 Share Posted January 30, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Dividends can only be paid if there are profits available for distribution in the balance sheet ("distributable reserves"). As at 30 June 2017 the club had accumulated losses of £85 million in its balance sheet and was technically insolvent. So I think "if" Ashley has taken any money out it would be to reduce the loan. The other point is that he can reduce his loan without any tax implications whereas dividends, bonuses and salary payments are all taxable. Thanks! Insane how we can accumulate such a loss when we spend fuck all. For a start two relegations played a part, for example the last one resulted in a loss of over £40 million for the year ended June 2016. Sorry edit - year ended 2017 Link to post Share on other sites More sharing options...
marki Posted January 31, 2019 Share Posted January 31, 2019 i hope to god he sells before next season and this almiron deal has been negotiated between the two parties,no was ashley spends 20 million on an unproven player Link to post Share on other sites More sharing options...
geordie_b Posted January 31, 2019 Share Posted January 31, 2019 Thanks Mike Link to post Share on other sites More sharing options...
Tiresias Posted January 31, 2019 Share Posted January 31, 2019 Nah it's been a staring contest between him and rafa and ashley has blinked first Link to post Share on other sites More sharing options...
marki Posted January 31, 2019 Share Posted January 31, 2019 Nah it's been a staring contest between him and rafa and ashley has blinked first so rafa still off then ..back to square 1 ,probly see almiron being pardewed next season eh Link to post Share on other sites More sharing options...
Tiresias Posted January 31, 2019 Share Posted January 31, 2019 This will (rightly) be seen as a political victory for Rafa (even though basically club as ever have done bare minimum), and Ashley will despise him for it privately while publicaly saying told you so i do support the manager blah blah blah. If Rafa is, tbh, foolish enough to sign a new contract the money tap will be turned right back off again straight away. Link to post Share on other sites More sharing options...
TRon Posted January 31, 2019 Share Posted January 31, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Dividends can only be paid if there are profits available for distribution in the balance sheet ("distributable reserves"). As at 30 June 2017 the club had accumulated losses of £85 million in its balance sheet and was technically insolvent. So I think "if" Ashley has taken any money out it would be to reduce the loan. The other point is that he can reduce his loan without any tax implications whereas dividends, bonuses and salary payments are all taxable. Thanks! Insane how we can accumulate such a loss when we spend fuck all. For a start two relegations played a part, for example the last one resulted in a loss of over £40 million for the year ended June 2016. Sorry edit - year ended 2017 Wasn't that the result of him handing £80m to an incompetent manager? Link to post Share on other sites More sharing options...
Sho Time Posted January 31, 2019 Share Posted January 31, 2019 Fuck off Mike you fat cunt. Link to post Share on other sites More sharing options...
Sean Posted January 31, 2019 Share Posted January 31, 2019 Ian Holloway on Sky Sports News saying you can hear the creaking of ashley's wallet as he's that tight Link to post Share on other sites More sharing options...
Aiston Posted January 31, 2019 Share Posted January 31, 2019 Ian Holloway on Sky Sports News saying you can hear the creaking of ashley's wallet as he's that tight That's Holloway off the next manager shortlist. Great news coming from everywhere today Link to post Share on other sites More sharing options...
quayside Posted January 31, 2019 Share Posted January 31, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Dividends can only be paid if there are profits available for distribution in the balance sheet ("distributable reserves"). As at 30 June 2017 the club had accumulated losses of £85 million in its balance sheet and was technically insolvent. So I think "if" Ashley has taken any money out it would be to reduce the loan. The other point is that he can reduce his loan without any tax implications whereas dividends, bonuses and salary payments are all taxable. Thanks! Insane how we can accumulate such a loss when we spend fuck all. For a start two relegations played a part, for example the last one resulted in a loss of over £40 million for the year ended June 2016. Sorry edit - year ended 2017 Wasn't that the result of him handing £80m to an incompetent manager? Well I don't think anyone could argue that the appointment of the incompetent manager definitely resulted in the relegation In simple terms the financial results looked like this: 2016 2017 Income. £126m. £86m Wages (£76m) (£112m) Other costs. (£22m) (£29m) Amortisation. (£28m) (£36m) Profit on selling players. £3m £42m Overall. Profit £3m. Loss (£49m) It probably isn't worth getting in to deep into this stuff but any money spent on buying players affects the cash flow but not immediately the profit or loss. When you come to sell a player the resulting profit or loss gets taken into account (as seen above). We had a much higher wage bill in the Championship than we did in the Premiership despite the much lower income. And all this was partially offset by selling Sissoko and Wijnaldum. Link to post Share on other sites More sharing options...
ToonArmy1892 Posted January 31, 2019 Share Posted January 31, 2019 Could he be waiting for Jan to finish, and (hopefully) safety to be in the bag before selling? Link to post Share on other sites More sharing options...
James Posted January 31, 2019 Share Posted January 31, 2019 Our transfer record remains untouched... Link to post Share on other sites More sharing options...
Robster Posted January 31, 2019 Share Posted January 31, 2019 Could he be waiting for Jan to finish, and (hopefully) safety to be in the bag before selling? Nope. Link to post Share on other sites More sharing options...
Shearergol Posted January 31, 2019 Share Posted January 31, 2019 Our transfer record remains untouched... What? Link to post Share on other sites More sharing options...
Manxst Posted January 31, 2019 Share Posted January 31, 2019 Our transfer record remains untouched... What? It’s reported that the fee is an initial 16m, paid now, with a further 4.7m dependent on performance related targets. Link to post Share on other sites More sharing options...
BottledDog Posted January 31, 2019 Share Posted January 31, 2019 And that bastion of truth, transfermarkt.co.uk, has Micky Owen to us as - 5/06 Aug 31, 2005 Real Madrid Newcastle United £22.50m So either way, who the fuck knows. Just happy some cunt is willing to join us. Link to post Share on other sites More sharing options...
Optimistic Nut Posted January 31, 2019 Share Posted January 31, 2019 And that bastion of truth, transfermarkt.co.uk, has Micky Owen to us as - 5/06 Aug 31, 2005 Real Madrid Newcastle United £22.50m So either way, who the fuck knows. Just happy some cunt is willing to join us. It’ll be something to do with conversion rate at the time compared to now. Link to post Share on other sites More sharing options...
BottledDog Posted January 31, 2019 Share Posted January 31, 2019 And that bastion of truth, transfermarkt.co.uk, has Micky Owen to us as - 5/06 Aug 31, 2005 Real Madrid Newcastle United £22.50m So either way, who the fuck knows. Just happy some cunt is willing to join us. It’ll be something to do with conversion rate at the time compared to now. Fair enough. Still think the only good thing to come from that transfer was that vid of Shepherd offering to carry the shitehawk back to Anfield. Link to post Share on other sites More sharing options...
Guest Hog Posted January 31, 2019 Share Posted January 31, 2019 So far I've heard at least four pundits or ex-players being questioned about this transfer and them referring to it as being funded by Mike Ashley, implying that it's coming out of his pocket. Thanks Mike. Link to post Share on other sites More sharing options...
GeordieDazzler Posted January 31, 2019 Share Posted January 31, 2019 Positive few days but they've waited until the last possible day of the last possible transfer window to back Rafa. It's a transfer record but given how little we've spent the past few years it's hardly like we've pushed the boat out, we've just got used to lowered expectations. Link to post Share on other sites More sharing options...
Kanji Posted February 1, 2019 Share Posted February 1, 2019 So far I've heard at least four pundits or ex-players being questioned about this transfer and them referring to it as being funded by Mike Ashley, implying that it's coming out of his pocket. Thanks Mike. It’s funded via a Barclays overdraft facility that will then be paid off with PL money. Chronicle wrote an article about it. Link to post Share on other sites More sharing options...
Bimpy474 Posted February 1, 2019 Share Posted February 1, 2019 We shouldn't need a fucking overdraft when the cunt has spent fuck all, and reeled in transfer and TV money. And sorry i'm not buying the bollocks about 'oh we went down twice' so that's why we have nothing to spend now, get to fuck with that shite. Link to post Share on other sites More sharing options...
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