Well as said above all,but to point out a couple,you said paying interest at 8% to GHF and Cellino,so can you point out the £5.6 million interest in the accounts.You also said we owe Cellino all the money they have put in,while the accounts show,millions converted to shares in this tax year. They also say net assets are £1 million,when last year they were - £13 million so the club owes 14 million less than last season. You made up a load of rubbish without any facts.
Well you can forget about the Qpr,Blackburn,Bolton,Fulhams ect as they are paying off players they no longer have on big wages,and are in a mess.So we are compeating with the likes of Burnley,Brighton and Wolves but as we run with a smaller squad our wages would be around the same to players ie competitive. But hey TC worry about your own accounts they are **** with no hope of turning it around
You consider the unaudited accounts of a convicted fraudster evidence... Ok.... We both understand each other's positions..... I will stick with my position.... What status do you think the £42 mill owed to elonora sports have? £13 mill in assets minus the £42 mill equals £29 mill of additional debt doesn't it?
So Sheff Weds, Boro, Derby, Ipswich have got much lower wages than most in the league, doesn't that kind of blow your needing to spend big theory in your previous post out of the water bearing in mind where they are in the league?
I can't see anyone who is any good wanting to sign for a League One club that, apparently, can't/won't pay it's bills or it's players. Come on, May, and get us out of this Div before the rot sets in.
don't get how it works do you,to pretend you diid better than you did makes no sense,you pay more tax,when you fiddle tax you tell them you made a bigger loss and get tax back.doh.
I was hoping someone who actually understands cellinos propaganda press release properly would respond instead of a Cellino fan boi.
Who have elonora sports bought £42mill (£13mill more in last 12 months) from? Stop making it up....I don't understand the figures but you bullshitting isn't the answer. Given GFH and cellinos stakes that would value the club at circa £75mill..... Lol
Yes, they did have lower wages than SOME last season - propbably why they are still in the same division this season - however, those clubs have all invested heavily in their squads this season - Leeds have not - as the table shows
WTF are you on about,the £42 million is the cost of buying the club last years losses etc,its all equity in the club and as you say the only way to get any back is to get promoted.
If it's equity that means it's in the valuation of the club. Cellino has 15%. GFH have 18% which according to youd elanoras 67% Cost the £42.96mill plus the origins £20 mill they pad GFH for the controlling interest? So club must be worth £91mill. Even if you say the£42.96mil is elanora a total spend that values the club at £60mill.. It's bollocks, club is worth £25mill tops, and negative equity isn't equity..... It's debt.
If I have a car that I have spent £3,000 keeping it running but is only worth £1,000 there is not a £2,000 debt.Its just that is the amount of equity I have tied up in the car.Boltons owner had £160 million tied up in the club but had to give the club away,it is not a debt it was equity,worthless equity as it turned out.
