As all deals are spread over five years it'll be the 49ers one way or the other picking up the tab. Makes sense that having spent a fortune buying their 40+ % share, they'll do everything they can to make sure it doesn't get washed away with relegation
Indeed, but as the accounts are posted 9 months after the current financial year ends (not sure when the clubs financial year ends?) we could, conceivably not know where the funds are coming from for over 18 months. For example, our business has year end at the end of November and accounts don’t have to be filed until the end of the following August latest. Therefore, if I have transactions in December 2022, our financial year end would be November 2023 you wouldn’t see those figures publicly for 20 months if I chose to file at the end of August 2024.
So are people assuming rads is borrowing money from the 49ers?. Is this allowed and even if it is he is still the majority shareholder.
Champagne and caviar works better for me. You can throw a pie in as well if you wish, as long as it's artisan of course
Companies can borrow from anywhere as long as it is accounted for. Directors loans to the business are totally legitimate and can be paid back within the same financial year without interest or tax. Changes of Directorships or ownership would be reported to Companies House at the transaction date rather than year end. If Gombawn is around he can probably tidy up anything I am not correct on?
I am sure you do. I was merely pointing out that speculation about where the money is coming from, changes of ownership etc are just that, speculation, until accounts are published or the club chooses to issue a statement
Prefer a bit of pate de foie gras on buttered toast if I'm being honest, also enjoy a nice terrine or maybe some pork rillets if I'm roughing it. Was just trying to be a man of the people like Wakey
Makes no difference who stumped up the money as the whole board would need to sanction it simply because if 49ers take over they are going to be liable for all future contracted payment terms which will be over 5 years. Radz would be long gone so 49ers have to agree. If Radz is paying it would mean that the agreed price of the club would need to change as asset register would increase. This is more likely a joint thing with Radz spending 52% and 49ers paying 48% unless the 49ers pay it all and just pay Radz the agreed price for his shares
I’m enjoying your accounting tips Marcos. Perhaps they could become a regular not606 Feature? Perhaps next week, we could look at filtering funds into offshore accounts. A special feature on, for example, private jet rental and using club money to purchase goods and services from other business you may have an interest in. Allegedly. And then an overview on laundering cash for Mexican drug cartels.
Can't argue with anything there I would say though all recent signings are probably being paid by instalment so not much initial outlay required so maybe no need yet for a cash injection. And money coming in for Harrison
You never know Radz may do a deal with Juve and say we bought McKennie for £80m so it helps their books, oh but they’ve been doing that anyway
Makes sense to me as we are in the 3rd prem season so are due the money. Harrison may well be on his way out.
Unfortunately, offshore accounts and private jets are not my specialist subjects but I am sure Jammy can fill in for me there? Mexico however, I'm your man!
I’m assuming the 49ers are quietly in control nothing to be announced until all transfer targets are through the door stopping the price skyrocketing
Wasn't there also rumours that either rapha or Philips or both monies were being paid in a Lump sum. That would generate additional cash if all our signings are spread
