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OwlsonlineAdmin

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  1. Do you understand how depreciation works Mr P, often it is a paper number used to revalue assets yearly, it isn't allowed to be used to work out PCTCT as it becomes an add back. An example would be cars, you get a brand new 30k car, the second it leaves the forecourt the value reduces massive, would you say that the 30k car you bought at 11am is suddenly worth 25k at 11.01 cos it shifted a couple of feet? You wouldn't but financially it has. As I've said previously, if we are guilty of breaking the rules we deserve all we get but I suspect we sought both legal advice and financial advice before making any, ultimately, paper transaction. Derby's ground, as was ours, was valued by professional, "independent" valuers so they should have a report to explain their uplift from NBV.
  2. Course you have you're two sides of the same coin, let's be reyt two team cities are brilliant, there's about 70 clubs that don't get it, you've more in common with a Gas fan. Ive loads of Blades mates and friendships going back 30 odd year, hating em on a Saturday and Derby day is fair game but they're still the lads you banter with, there's plenty of other clubs to truly despise, the Gas lads get what Bristol is about, verbally defend it like you lot would. Embrace the rivalry.
  3. The issue the EFL have is should they go at us, Derby etc they are opening a can of worms by questioning the professionalism of the accountants, who are under stringent review by their governing body and same with the valuers. I've 20 years of accountancy experience and know that signing accounts off is something not done lightly, so if they have then it's cos they trust their judgements. The delays and new companies did concern me but I'm absolutely certain that they took advice from people that do this time and again. That said if we've done wrong then we deserve any EFL sanction.
  4. In 86, he let the club go as it was easier and cheaper to takeover the new entity than be saddled with the debts. "On 21 May 1986, the club called in the Provisional Liquidator and shortly afterwards, the club was wound up. In August, Rioch and 29 other non-playing staff were sacked by the Official Receiver and the gates to Ayresome Park were padlocked. Some players left, while others stayed under Rioch and coach Colin Todd. Without the £350,000 capital required for Football League registration, the death of the club was announced on Tyne Tees Television, and it seemed inevitable that the club would fold permanently. However, Steve Gibson, a member of the board at the time, brought together a consortium involving Bulkhaul Limited, ICI, Scottish and Newcastle Breweries and London businessman Henry Moszkowicz. With ten minutes to spare, Middlesbrough F.C. avoided missing the deadline and completed their registration with the Football League for the 1986–87 season with both a change of crest to a circular crest with the lion in the middle and the words "Middlesbrough Football Club 1986" around the circle, and a change of name to Middlesbrough Football and Athletic Club (1986) Ltd. With the gates to Ayresome Park having been closed by the bailiffs, Middlesbrough were forced to play their opening game of the season at Hartlepool United's home ground, Victoria Park"
  5. The ironic thing is that Gibson has previously allowed the club to be liquidated so he could take over so his morals aren't all that. Also weren't there some dodgy intercompany transactions in their accounts that bent the rules a little while ago?
  6. You won't find me defending the route we went, to enforce FFP clubs should be penalised for failure to comply However given that the EFL is very unique in how clubs that hit its top division via relegation are rewarded the current system isn't fit for purpose. Barely 4 years ago, with the odd exception, clubs could buy players of a decent ability for low to mid 7 figure fees but when Newcastle and Villa dropped their reliance on a quick return saw them decimate the market and blow fees sky high, the choice was either try and compete or just let them go up, come down, go up etc unchallenged. Owners want the PL riches, fans want the PL status so you make decisions, right or wrong. To make FFP fair then parachute payments aren't counted or owners can match it with equity providing there is proof of funds not payday loans. 24 clubs, realistically 18, chase that pay day, and most of us are reliant on the whim of an owner.
  7. Genuine question Mr P, have you seen Bristol City FCs accounts to Oct 18? A P&L £120m overdrawn isn't very FFP friendly is it? The club has a 60m negative Balance Sheet, by rights you're a massive GC issue. You can't sell the ground as it is outside the football club assets.... How can you be so pious?
  8. I'm not fussed about what we got in to be honest, more home fans than first home fixture last season. Hopefully winning games will get folk in, that said we charged 10 quid for Reading game last season, only 29k in.
  9. We'd all love cheaper tickets mate but our new owner is aiming to try and get more season ticket holders by selling them much cheaper than match day (it was 42 quid for my seat but my ST works out at 20.86).
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