Thanks JGF - you've really opened mind up to seeds. You are comparing something (knowledge of seeds?) that's built up over the years through experience of the same thing with a fairly instant decision over a variable.
Talking about seeds, it doesn't help paying £3.5 mil for a magic bean that the manager/head coach obviously didn't want in the first place, that sounds like a plot for a pantomime and shows how dysfunctional our transfer policy actually is.
I need to agree with you 1for … he lacks the basic understanding, and loves to dress mutton up as lamb in some of his "presentations" to make it look like he ……!
stop trying to be a Clifton ville!!!! .. of the same thing with a fairly instant decision over a variable … neither seed selection or players are instant
I fully understand. Mr Lansdown football club runs very differently to his other businesses. Bristol City does not make money. Even with the topical Lee infatuated posters season of profit the club still obviously lost money over a three, five, ten year period. That profit was nowhere near enough to make the club break even, it moderated the clubs debt. After these sales the club still loses hundreds of millions a week. The club cannot at present get anywhere near to breaking even and it’s is kept solvent by Mr Lansdowns wealth - 19/20 accounts will be grim reading again. Mr Lansdown does not run his other businesses in this manner. BCFC is obviously different.
You with respect answered a post that made a point about that wildly successful and profitable business. Has your business constantly lost money since you ran it? Does it frequently operate 100 - 240% past its income? Have you had to inject tens of millions of pounds to the keep the business an on going concern? That is how BCFC ‘works’, it would not be a wild assumption to think your business operates ‘differently’.
There is a balancing point Cliftonville, hence the reason for accountants....it's pretty long winded. You don't have to show large profits to be successful. Deducting your outgoings in what ever way possible from your nett profits reduces the tax payable.....All businesses look at ways to achieve this and could well incorporate other businesses within a group. With your comments above, I rest my case!! With this comment below "After these sales the club still loses hundreds of millions a week" But I bet Red Alert will back you up!! This is just so funny Merry Christmas Cliftonville, be careful with those finances of yours,,
….. As you say long winded .............. in my working life I spent 30+ years having to do accounts.. 3 years had an accountant, [ first 3 ] after meetings and being shown how they worked things out took a 2 week course [ wanted to be an accountant.. lol! ] .. so did 27+ years, stopped work in 2018/ 19 Tax year need to do my accounts now before Jan31 2021 …….
I blame it totally on LJ......His haircut alone must have cost a million or so....and had it done at least once a month
Him and Ashton buying/loaning magic beans and now Holden is bringing in past sell by date magic beans.
The clubs finances would have been in a terrible place without player sales. The rolling period of 16/17/18 would have breached financial fair regs but post sales showed a loss over that three year period of eleven million pounds instead. The next rolling period is 17/18 with a loss of around eight million pounds minus 2019-20 accounts. The clubs income and sales will not cover its operating costs but it’s next financial loss will not lead to a breach of the financial fair play threshold over three seasons. If you are interested google Steve Lansdown writes off debts .. This is ongoing and has to be. Football clubs nationwide operate like this. Bristol City’s owner clearly has an emotional attachment to the club that leads him to run BCFC quite unlike his other businesses.
That's not fact and only your opinion which in so many ways is flawed. Clever Accountants Dream!!! Don't worry Clifton, it wouldn't have affected his tax free money box hidden away in Guernsey Shuffling the pack!! And City has a decent stadium out of it which is a growing asset! Below taken from from Bristol Live October 2019 Bristol City owner Steve Lansdown has written off £71m of debt owed by the club. The debt was owed to the Robins' parent company but has now been converted into 71,352,347 shares to the nominal value of £1. Companies House have posted a statement of capital following an allotment of shares from the Robins today. The statement reports that the shares were allotted on September 27 this year and were "capitalisation of loan by Bristol City Football Club to its parent company". Football finance expert Kieran Maguire labelled the move an example of "the best football ownership model, that of a benevolent dictator". This means that the club's debt has been turned from money owed into shares issued. While some Robins fans may worry what this means for the club's FFP status, in reality this will not be impacted. That is due to the fact that FFP is based on losses, rather than debt, and, as revealed recently, City actually turned a profit in their most recent accounts. A large part of this debt is thought to have been incurred when the club refurbished Ashton Gate, which, as the accounts revealed, now has a healthy turnover each month. The stadium's accounts showed that, for the year ending May 31 2019, it had a total turnover of £15,793,462 - up over £3m from the previous year. Player sales key as Bristol City announce £11m pre-tax profit in latest accounts Robins confirm £38.2m raked in from Bryan, Flint, Reid and Kelly departures and - extra payments from - Kodjia deal Bristol City have announced that the club has made a profit in their 2018-19 accounts. The latest documents were published on Tuesday evening on the club website. The Robins say they 'made a pre-tax profit of £10.954m for the 2018/19 financial year', almost 11m, after a £25.347m loss previously in 2017/18. (See the documents yourself via the club website here.) Key to the amount is that it includes a 'profit on player disposals of £38.2m' from the sales of Joe Bryan, Aden Flint, Lloyd Kelly and Bobby Reid as well as further payments related to the previous sale of Jonathan Kodjia back in the summer of 2016. The accounts cover the period up to May 31, 2019, with Adam Webster's sale set to feature in the next year's report.
I've dug out the article where LJ states his criteria ~ Johnson had the final on every transfer in and identifying transfer targets, Ashton is in charge of recruitment across the club and also the chief negotiator in terms of assessing appropriate transfer fees for players, both buying and selling, and how those payments will be structured. Key decision makers Head coach Lee Johnson The head coach has the final say on transfer targets and nobody arrives without the say of Johnson. The 37-year-old explained last summer that ultimately 'Talent ID' comes down to him: ie, he gets to identify transfer targets. https://www.bristolpost.co.uk/sport...ws/bristol-city-transfers-scouts-team-1503989
Yes it is a fact that players had to be sold. Selling players was/is a necessity of how BCFC is ran. Mr Lansdown uses the allowances within financial fair play to inject cash and increase the clubs loss threshold. Mr Lansdown had used the allowance and thus had to sell assets. The share issues which the link refers to and already mentioned in this thread include within them the regular cash allowances which are turned into that equity.
interesting read again … it is not exactly specific's more an almanac of GMG's interpretations … throughout the reign of LEE there were "between the lines comments " of some things that were not of LEE'S LIKING! But never the less Lee as we all know has had some say on who comes in but none on who goes out!
