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Showing content with the highest reputation on 06/04/21 in all areas

  1. 2 points
  2. I've seen more people queuing outside Primark than that - massive club
    2 points
  3. Good to see Marcus Trescothick get a “not bad for a gas head” remark in his speech as he presented Bracey with his cap. As well as saying he’ll take him down next time they play football
    1 point
  4. Under the old rules Hav, it's hard to explain how it all fits together under the 3 year rolling, amended for Covid with the complex calculations involved. £43m is right,, but because of this new formula it's halved and that plus the 2021 figure are added and halved. Selling and leasing back the Stadium in the Accounts ending 2020/21 would or might bring it into line, but an alternative strategy might be if this Adjustment and lopping down of future Costs puts them in line to 2021, ie 2017/18, 2018/19 then the combined average, you then sell Ground in 2021/22 in order to help to attempt clear that hurdle- rather handily they have loads of players out of contract in Summer 2022 so it could be a case of buying time, albeit Parachute Payments would be long gone by then. I've done some calculations but of course they contain some estimates. A double three-card trick I called it a while back. I got up to the point where I'd estimated a Loss of £43,232,000 halved which became £21,616,000. Going into 2020/21, I estimate the following: £88,455,000. MINUS. Reduced Amortisation by dint of the Impairment down by say £15-20m. The Impairment cost itself I assume was a one off cost that won't be repeated. £42,516,000. Let's use the £8,092,000 of Savings irrespective of the Impairment, as a basis/starting point for 2020/21. Minus the £7m in Allowables of course. Also suggests that by dint of Accounting timings- Revenue that was due to be accounted for in 2019/20 was in fact in the following season. However I cannot find it in the Accounts, maybe I conflated that with lost Revenues or read a piece that did so I'll discount it for now. However I'd also suggest that Parachute Payments down by £10-15m in final season. I assume wage bill is still fairly similar along with Profit on Player disposal. They sacked Nathan Jones last season and hired O'Neill- £2m net cost that won't be repeated maybe? Just a guess... I'm using the higher savings and lower reductions and I make a possible loss this season as being £20,847,000. That's an FFP loss not an Accounting one so includes FFP and Covid stuff. One early estimate might be: £43,232,000 + £18,847,000=£62,097,000/2=£31,093,500. Add that to the Swiss Ramble estimates of £31m aggregate for the first 2 years ie 2017/18 and 2018/19 and I make it an estimated overspend of £6,593,000. Even with a Stadium sale falling into 2020/21 they might be on a knife edge provided the price and Profit are in line with recent valuations and then there's a whole new problem going into 2021/22- that's where Future Financial Info kicks in. A stadium sold for say a £13m Profit might just have them under £39m to 2021 but as I mentioned going into 2021/22... Aggregate Upper Loss limit falls to £39m from £55.5m going into that season as the last PL season will have disappeared off the ra Parachute Payments gone for good- yes cost base down in a sense- Stadium already sold. Average Parachute Payments over those 2 seasons might be £20-25m. That's a £41.5m swing basically, in the wrong direction. Also bear in mind that the players they have taken a hit on but claimed as Covid costs, they cannot potentially make a Profit on Disposal on...double-edged sword. I'll certainly periodically revise and rework these figures and estimates. All that said, even though I'd trust Stoke more than some clubs say to struggle on under that Agreement, if allowed to stand unchallenged I'm unsure I'd trust Mel Morris to! Or possibly Reading though they're quite far gone, or possibly Cardiff now Parachute Payments are up- Derby especially, if that precedent was set I could see them attempting to pull a fast one. Here's a scenario I think plausible if this Agreement sets a precedent... Derby write down say Waghorn and Wisdom residual value due to Covid. EFL accepted Stoke so they accept Derby. I think Stoke more likely to struggle through it in relative good faith but time wll tell. Their contracts expire in Summer 2021 in any event but their unique model can lead to big charges final year. Due to Covid their Book Value is not so applicable, so they argue hence the Impairment. Leave as free agents in Summer 2021...but rehired on different, ie lower terms. Derby look to sell them at a fairly early opportunity, arguing that new contractual terms and as free agents means a Profit on Disposal should stand without impact to the prior Impairment ie that shouldn't be readded to the FFP exclusions. Whether they could make it stand up is a different issue but could I see someone like Derby trying it? Yes, I could.
    1 point
  5. Missing Overton and I think in the second innings Leach
    1 point
  6. Surprised they never needed planning permission, they can hardly say they're temporary!
    1 point
  7. It's was good to read he had his epiphany, better late than never. For a lot it comes too late..
    1 point
  8. How many will be sitting in "Row M"?
    1 point
  9. The only magic will be another disappearing act by the Fewers when the team starts sliding further down the table. As Colin Daniels' namesake used to say " you'll like this but not a lot ! "
    1 point
  10. Cheers mate, will take you up on that offer ?? Actually forgot we still had the keys, as it's been that long since we last used them! ?
    1 point
  11. Just starting to get back into this after got injured early January. Taken about 3 months to get back to half marathon which I did in 1 hour 54 on Monday. On New Years Day I did my best of 1 hour 47 so still a way to go but amazed by how long it took me to get back to even anywhere close. 6 weeks out made a hug difference - starting to see why it takes so long for footballers to get back to speed after an injury.
    1 point
  12. I've gone for it. £220 for 13 home games plus 3 European games is absurdly good value for money.
    1 point
  13. A different side to him
    1 point
  14. I missed this earlier in the week, brilliant to see
    1 point
  15. No surprise is it. 16 exclusive UK shows plus the international cards so more than 30 per year. I must say I like DAZN now I'm an old git, with their subscription model you can watch entire cards of major fights as live when you get up on a Sunday rather than schlepping through until 6 then dealing with the kids for the rest of the Sunday after a few hours of sleep. Also no more Adam Smith on comms, so bonus!
    1 point
  16. Absolute ******* embarrassment ?
    1 point
  17. With fairy dust . Magical. The whole club are absolutely deluded.
    1 point
  18. No. Separate business. In another development - a banker involved in the same tax fraud as Gabay was sentenced to 5 years or so in prison, along with a confiscation notice. If Gabay's business is still owed money by Derby, he might need it back fairly quickly!
    1 point
  19. (Should have been ‘Americanos’, of course)
    1 point
  20. I know - just gently pulling your leg! Back to the Ricoh - horrible place - and then with luck on to a new stadium
    1 point
  21. I fundamentally disagree! Been through some rough times over the years I remember watching City play then at Northampton where there appeared to be more away fans than home fans. The statements by the club and the accounts are crystal clear. They have even taken the trouble to explain the relevant details. Personally I would write home about that, and how I wish everyone would follow their example.
    1 point
  22. @Mr Popodopolous I see no issue in selling within the Bet 365 group, probably simplest to keep a common parent in case the ownership of the group and the football part ways. Keeping the ownership within the same group helps on the tax side. I think that the EFL restriction is too keep the stadium as a simple sale and lease back, rather than confuse the issues as to what is football income and non-football income. I don't see that restricting ownership outside the football group. Given that revaluation is not a profit for FFP, neither is depreciation, I see profit as DRC - Cost as you say. Sheffield Wednesday are a League 1 club now so I really don't care on FFP, I do care about the club which by all accounts is currently imploding. I fear that if they fail to get promotion next season they might well disappear for some time.
    1 point
  23. Wycombe being trodden on because they're not one of the big boys. Standard EFL behaviour - disgraceful.
    1 point
  24. Just got my ticket for the London Irish game. Can't wait to be back at the Gate.
    1 point
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