Finances

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TempleofBlue said:
https://www.bbc.com/sport/football/47344382

Found this interesting:
"Directors' wages jumped up from £283,000 for the 2016-17 season to £1.429m."
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Read that. Who's taken the big pay rise? Other than tan, Choo and dalman, who else is on the board?

Also read the losses went up but overall debt went down. Assme that is tan doing his debt to equity swap.
Hopefully this year's income will mitigate last year's losses.
 
Accounts look better due to the huge equity conversion (with now 7% interest due however) and the stadium revaluation.

Cost of promotion was high but presumably standard in modern day contracts.

Couldn’t help but notice £7m is due from debtors.

Good it’s all in compliance with the fair play regulations and Tan is propping it up.
 
ninian opinion said:
Accounts look better due to the huge equity conversion (with now 7% interest due however) and the stadium revaluation.

Cost of promotion was high but presumably standard in modern day contracts.

Couldn’t help but notice £7m is due from debtors.

Good it’s all in compliance with the fair play regulations and Tan is propping it up.
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Nin! 3.3 million of that is a tax credit and , presumably, the other is TV rights or similar.....I can't think who else might owe us money....maybe some transfer monies.
I note the short-term loan....presumably to cover future TV rights, which I read somewhere are paid in arrears?
 
FrankfurterBlue said:
Nin! 3.3 million of that is a tax credit and , presumably, the other is TV rights or similar.....I can't think who else might owe us money....maybe some transfer monies.
I note the short-term loan....presumably to cover future TV rights, which I read somewhere are paid in arrears?
Click to expand...

Yep Furter, I expect the short term loans mentioned are advances to cover summer transfers etc in anticipation of the Premier League monies which are received in traunches through the season. The Jacks did the same sort of thing during their time in the Prem from Barclays Bank I think.

No problem with that - you don't get handed £100M to spend by the Prem League in July. You just pay off the loan when you do get the dosh.
 
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