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Discussion in 'Swansea City' started by Taffvalerowdy, Apr 3, 2019.

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  1. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    My heart bleeds for the poor fecker.....
     
    #21
    Taffvalerowdy, Apr 6, 2019
    DragonPhilljack, neveroffsidereff, daimungeezer and 1 other person like this.
  2. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Still not filed at Companies House - they’ve got until the 30th of this month <cheers>
     
    #22
    Taffvalerowdy, Apr 22, 2019
    DragonPhilljack and 55282 like this.
  3. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    I believe they're on the 4th revision as I type this <laugh>
     
    #23
    Matthew Bound Still Lurks, Apr 22, 2019
    Taffvalerowdy likes this.
  4. PGFWhite

    PGFWhite Well-Known Member

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    They've appointed Diane Abbott to sort them out <ok>
     
    #24
    PGFWhite, Apr 22, 2019
    When Swans are flying, swanseaandproud, Taffvalerowdy and 3 others like this.
  5. swanseaandproud

    swanseaandproud Well-Known Member

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    They are doing well in fixing the dreadful expensive mess that Jenkins & pearlman got the club into and money is rolling in to pay off our debts and put the club on a stable footing....There will be money made available for potter for next season......
     
    #25
    swanseaandproud, Apr 22, 2019
  6. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    #26
    Matthew Bound Still Lurks, Apr 23, 2019
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  7. swanseaandproud

    swanseaandproud Well-Known Member

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    Yes what a mess Jenkins got us into...Thank god for the Americans i say..<ok>
     
    #27
    swanseaandproud, Apr 23, 2019
  8. ValleyGraduate12

    ValleyGraduate12 Aberdude's Puppet
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    The same Yanks who said they'd be unrivalled in the boardroom and have the cash to take us to the next level? Or are you talking about the lying ****ers that still to this day haven't invested a penny into the playing squad? <whistle>
     
    #28
    ValleyGraduate12, Apr 23, 2019
    Matthew Bound Still Lurks, Stereo, daimungeezer and 2 others like this.
  9. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    #29
    Last edited: Apr 27, 2019
    Matthew Bound Still Lurks, Apr 27, 2019
  10. neveroffsidereff

    neveroffsidereff Well-Known Member

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    #30
    neveroffsidereff, Apr 27, 2019

  11. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    I’m on the way home from the match - will look tonight/tomorrow <cheers>

    I did quickly scan in the car on the way down - I’m not driving - could not see any Dividend payments, but did see that our beloved former Chairman ‘earned’ c£650k....
     
    #31
    Taffvalerowdy, Apr 27, 2019
  12. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Had another quick review.

    One observation, the U.K. Holding Company is Swansea City Football 2002 Limited. The consolidated/group accounts have not yet been filed. They too are due by 30 April.

    We need them for the ‘full’ UK picture of the Swans.

    There is a comment that there is a ‘material uncertainty about the going concern of the business. Given the huge drop in income following relegation, the cash flow forecasts provided to the auditors to cover the next 12 months from the date when the Accounts were signed ( ie March 2019) indicate that cash from player trading is essential to maintain the business, within it the shareholders would have to stump up new equity or loans......

    On that basis, expect further player sales..... we know that’s on the cards.

    The Operating Loss for the year before transfer profits was £48m - up from a loss of £23m the previous year.

    Transfer profits amounted to £46m, up from £37m in the previous year.

    The P&L account has a £1.7m charge for ‘onerous player contracts’ and an eye-watering charge of £14.8m in respect of impairment of player registration values <yikes>

    No cash flow statement has been included.
     
    #32
    Taffvalerowdy, Apr 27, 2019
  13. neveroffsidereff

    neveroffsidereff Well-Known Member

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    You recon the 14m is stateside?
     
    #33
    neveroffsidereff, Apr 27, 2019
  14. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    No - just the cost of Overpaying for transfer registrations
     
    #34
    Taffvalerowdy, Apr 27, 2019
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  15. DragonPhilljack

    DragonPhilljack Well-Known Member

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    Jenkins & Co really messed up this club over the last 3 seasons of their tenure.......................<ok>
     
    #35
    DragonPhilljack, Apr 28, 2019
  16. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    This is worth a read:

     
    #36
    Taffvalerowdy, Apr 28, 2019
  17. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    #37
    Matthew Bound Still Lurks, Apr 28, 2019
    DragonPhilljack, daimungeezer and neveroffsidereff like this.
  18. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    #38
    Taffvalerowdy, Apr 28, 2019
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  19. neveroffsidereff

    neveroffsidereff Well-Known Member

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    #39
    neveroffsidereff, Apr 28, 2019
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  20. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Never, starting from the bottom. HMR&C are looking at certain activities (possibly tax ‘planning’ schemes. The Club is confident that nothing adverse will come of it. Probably explains the c£307k paid to the Auditors for Tax advice.....

    Secondly, it seems that the club, dependent on certain events, may have to pay up to £21m extra in transfer fees and player signing-on payments.

    Is the top item the purchase of land to accommodate future Stadium expansion?
     
    #40
    Taffvalerowdy, Apr 28, 2019
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