Seems to me from that analysis, that only way for us to progress without selling the Crown Jewels every season, will be to attract large outside investment as club is still spending more than its earning. Did I read that correctly
If this club isn't making serious money day to day bearing in mind the huge income from all sources compared to other just about every other clubs in this league then the person running it is eother fiddling the numbers or incompetent or more likely both. Yes we can cite parachute payments but day to day this club and its cheap foreign ****e playing staff should be awash with cash. I maintain that instead of being properly run our latest crook (sorry owner) is raping the club and treating it as a cash cow. Accounts can show just about anything. #smokeandmirrors
The best way to think about it is that since Radz came in the club haven't made a loss for 2 years and should be the same when the next accounts get posted. There are however bills due to go out around now each yea to do with wages, NI, VAT etc which can cause a cash flow problem which is then sorted as soon as due transfer fees come (Next month) Or using season ticket money. It does however seem that even that is now covered for this year. As Mike says we took in £32m of which £12m comes from ticket sales and £12.5m came from TV noney so Radz has actually grown turnover by another c£10m which is supposed to grow even further this year due to catering back in house, bar sales, hospitality etc and not forgetting we are rent free now. However it shows just how far we fall behind every year because parachute payments reward failure. Those 3 clubs coming down earn around £140m this year without looking at ticket sales etc. Next season they can expect around £12.5m from combined TV money and league position, plus ticket sales etc as well as £19.4m in parachute payments. We also know that clubs like WBA have good contracts for reducing wages from Prem wages to Championship wages. Means more players will leave WBA but they will have a huge war chest compared to us
get someone who can read to read it to you,tells you all you need to know,the club is running around break even. Nearly every club in the league is loseing money if they don't get parachute payments.It's explained quite simply but obviously not simple enough for you.
Did the words if and should escape your attention then? It is not a forensic overview of the accounts it is an opinion on what is already in the public domain. Other opinions are allowed and mine is: Our club if it is being properly run should be cash generative and asset rich. Not a problem to Rad as the "losses" are no doubt being more than made up for in his overall tax liability. This is in no way comparable to your household budget. Not sure why you are having a pop at me I am not one of those expecting serious money to be spent on player transfers. We are a selling club. You only yesterday were suggesting we can look forward ro between 9.5 and 101 million pounds being spent in the transfer window... I was the one laughing at you.
His view is based on facts and genuine knowledge,well thought out.Yours is based on a dream you had,no facts,and made up rumours,No one wants to hear about your dreams,being posted as facts.
Lets discuss the transfer budget for the upcoming window. Is it going to be in the order you suggested only yesterday in which case Rad is running the club back into the buffers after cellino put it on and even keel (according to you and the other happy clappies) or is he going to have us lie within the means the club can afford and spend **** all over all? Can't have it both ways.. Unless the interpretation put on the accounts above is too pessimistic.. You keep telling me he is a good businessman... If he is then its about to become apparent... Or not...
Mike Thornton suggests Radz could be gearing up to sell 10% of the club, his figures back this up and Phil Hay is reporting the sale is at advanced stage. Interesting that the shares would amount to 10% in US dollars, said before others on JA (don’t know their source) saying it is American investment. Guess it’s a wait and see.
Right it looks like Rad has put another 9 million into the club,5 million due on wood payment,and a very good chance Rose is being sold which will give us another 5 million.It's all there,which bit can you not see or understand ?
So we are cash rich then and trading at a surplus despite you saying we aren't only a few posts ago. Make up your mind and stop arguing with yourself against your own points. To be fair this is better than you normally manage. At least you are already accepting you are at least 50% wrong before being educated by glory...
He has put in the 9 million himself,how is that trading at a profit the Rose payment is from a deal 5-6 years ago
No idea what the currency is in Myanmar but I'm quite familiar with the region. For example 1 Billion Vietnamese Dong is worth about £32K. Thought it best to make the distinction as it seems whoever invests in our club is never deemed wealthy enough or benevolent enough for some on here.
Deferred income is still income. and still ends up on the P/L account. You know when you take off from the warehouse and leave some of the delivers stock behind and you have to go back to the shop you were supposed to deliver it to another day to drop it off it still goes off your company inventory and onto he one for the shop. Unless of course you and your mates manage to siphon it off and into your car boo unseen (Bates method). I cant dumb it down any more... sorry.
Yes well put it against the 32 million losses from last 4 years then,still not running a profit,but available to buy players.If you don't understand now,give up and just leave it to them a bit cleverer.
