2016 is half a season of Championship and half a season of Premier League. 2017 is half a season of Premier League and half a season of Championship (and some parachute payments?)
It suits them to run different accountancy periods for the club and Allamhouse, it makes it almost impossible for us to figure out exactly what's going on.
Looks like Marco (didn't he only buy Grosicki and Evandro? Maybe Henriksen became permanent) and Leonid were given a fair bit of money to spend. Who were the big buys? Grosicki? Stewart? Toral?
Presumably, the cost of additions will also include the hefty loan fees we paid for the likes of Ranocchia, Markovic, N'Diaye etc?
Looking back at post 31, Allamhouse was owed £60m at 30 June 2017. So they've not paid back any of the loan in the 6 months to 31 Dec 2017 as it still stands at £60m.
I suppose that they could be in both additions and disposals as they are amortised over the length of their contracts (Jan to May 2017)
Okay .. forgive me .. most of this accountancy speak is well above my pay grade .. can anyone answer a simple question .. or as close to it in best guesses as to what our likely debt to these theiving barstewards currently stands at. I've read £60m .. then £30m .. then £60m again ... help !
At the time of the last City accounts, the club had net liabilities of £38m and owed Allamhouse £60m As @Chilton's Hundreds stated, in the group accounts, the figures presented for the individual companies are shown. The amounts owed to Allamhouse are £60m but the net liabilities of City is £18.6m, suggesting that the club has made a 6 month profit of about £20m between June and December 2017.
That's how I see it as well. People are giving too much importance to the debt to Allamhouse - OK it's £60m but you have to look at the creditors figure at the football club. There'll be tens of millions due in over the next 2 years from sales of Livermore, Snodgrass, Robertson, Maguire, Clucas etc The asking price for the club (and SMC) should be reducing every month.
To help our less clever posters out, people like Chazz and Kemp’s, can someone do a quick summary of what all this means? I would, obvz, but I’m busy at work. Thanks on they’re behalf.
Exactly, it's why Ehab's bollcoks about paying for Ryan Mason's transfer over two three years is pointless because we will be getting a lot of money in over two or three years from the significant amount of players they sold!
