martnewts

2 hours ago, redkev said:

I did say I was being conservative , deffo a few about , ( not counting one rather odd chap who wonders about always wearing something gas be it a cap , shirt , training top or track suit bottoms ) 

As a posset resident all my life the guy you refer to has a very questionable reputation and rumours abound about him most not very nice at all. The split is probably 80:20 city to rovers nowadays and loads of kids about with city kits and the occasional Tesco rag spotted. Numerous city players have lived in Portishead over the years im sure the club or someone connected owns a number of houses in the village quarter and marina as there seem to be a succession of players at a number of those properties 

I’m sure our opening fixtures are arranged around the balloon fiesta so probably a convenient fit with Preston not being able to be at home for the weekend where Liverpool are playing the friendly at deepdale.

Old mills biggest problem is the rent (and therefore rates) are enormous as enterprise are still trying to recoup the £1 million they spent when it became a mezze also doesn’t have a regular day time clientele so mid week it’s dead 

5 hours ago, Mr Popodopolous said:

Thanks. Intrigued as to what the good cause is, I guess them and CH will know.

It is still possible to get a 3 month extension just by citing covid as an excuse with no questions asked. I do it monthly for any clients who may be unlikely to comply 

It wouldn’t surprise me if the housing development side already has a buyer subject to getting the planning permission. SL will have spent an enormous amount to get the planning through and its not in his nature to take a punt on something like this.

1 hour ago, Davefevs said:

….I’m more than content that today has been quiet (in and out).

We’ve stuck to the plan.  We’ve probably done enough cost cutting in the last 12 months (lots of tough decisions impacting the squad strength / depth) to just about give us the option to turn away any interest in our players.

Well done all.

I agree with all of this and without getting carried away with luck with injuries is this season going to be our chance?

It seems that by not losing any of our stars and the spirit and togetherness apparent in the squad  that we might have that rare opportunity before we have to sell and rebuild again.

5 hours ago, Better Red said:

Our bar is to low if that’s what you are calling success.

Lets focus not on the volume of lower league players it’s produced to a degree all academy’s will do that.

This is success about Bristol City and the benefit the players we are producing for our benefit

Success is a player that has -

1. Has come via the academy and joined before 16.

2. Playing at Championship level or higher.

Thats it - it’s pretty simple.

We are Championship club so producing L2 players is ‘Not Success’ anymore

So with that criteria (which I can only see is fair) we have produced in recent times via the our academy - 

Kelly, Vyner, Pring and Conway.

The rest are to be proven.

Yes we are developing players Scott, Massengo, Antoine but they joined very late in the day of there ‘Academy development’  

In fact if you look at the list above we would be better off just bringing players aged 16 - 18 and you could bring Pring into the  above 3.

Only Kelly and Vyner is a true success of the academy and hopefully Pring &Conway will follow as well - I do like both of them.

All I am doing is giving you the facts.

Sure it does not fit with the academy is brilliant view.

But again if the question is are the kids doing well - massive yes

If it’s the academy - It’s ok but that is massively impacted because of Kelly.

Will it improve in future - hopefully yes then it can change how we answer the question.

 

 

 

Can you explain why you omit Bryan and Reid from your detailed assessment?

4 minutes ago, wendyredredrobin said:

What odds are they giving for 3-3 after 90 minutes?

22/1

11 minutes ago, alexukhc said:

Is it true SL paid the council to reject it? Love a conspiracy theory 

As always the council didnt reject it. I believe that they have never had a planning request turned down.

However they have never had the funds to actually go ahead with any of the plans that have been approved.

On 26/02/2022 at 00:04, Hxj said:

If you shorten the accounting period of a company, your filing date is the later of the original date and three months from the date that you tell Companies House of the change.  You have to tell them on or before the original filing date, so if you time it correctly you get another three months.

It is also currently still possible to get a 3 month Covid filing deadline extension no questions asked simply by logging in to Companies House and requesting one although I dont think it is widely known it has saved my ass a few times recently!!

It seems the rules give the EFL pretty much unfettered access to a clubs HMRC payment record but I guess if the don’t look then they don’t find out, I guess the matrix of differ companies involved also doesn’t make it as straightforward to monitor as it could be

9 hours ago, Hxj said:

I think that Derby would have gone through some sort of sale, reorganisation or insolvency event before the end of the 2019/20 season due to the January 2020 insolvency action by HMRC if it had not been for the virus stopping all HMRC winding up procedures. It needs to be remembered that Derby went into Administration on 22 September 2021, HMRC were restarting insolvency actions on 1 October 2021, that is not a coincidence.

Oh and Regulation 17 is pretty thorough:

17           HMRC Reporting

17.1        Current HMRC Debt.  Any Club which has not within 28 (twenty-eight) days of the relevant Due Date paid to HMRC the amounts due to be paid to HMRC to discharge:

17.1.1    the Club’s full liability for PAYE & NIC due in respect of any and all employees or former employees of the Club for the immediately preceding payment period; and/or

17.1.2    the Club's full liability for PAYE & NIC which becomes due as a result of an assessment issued by HMRC, subject to clause 17.8 below,

(each a ‘Default Event’) shall report the Default Event to The League within 2 working days of the Default Event.

17.2        Reporting Default Events.  When a Club reports a Default Event to The League it shall at the same time provide to The League details of any and all amounts due to HMRC from the Club in respect of PAYE & NIC, together with the periods to which they relate.

17.3        Consequences of a Default Event.  Without prejudice to the general position (pursuant to Regulation 43.4) that all registrations must be approved by The League and subject to Regulation 17.3A, a Club which is subject to a Default Event shall be subject to a registration embargo such that it shall not be permitted to register any Player with that Club without the prior written consent of The League for the period that the Club is subject to a Default Event.

17.3A   Regulation 17.3 will not apply where a Club suffers a Default Event due to the failure to discharge a COVID PAYE Liability and has entered into a Time to Pay Agreement and is compliant with the terms of that Time To Pay Agreement. For the avoidance of doubt, where a Club defaults on the terms of a Time to Pay Agreement, and such default results in all outstanding amounts becoming due to HMRC immediately, the Club shall remain subject to a Default Event until such time as the outstanding amounts are paid or included within any other Time to Pay Agreement.

17.4        Failure to Notify a Default Event.  A Club which fails to report a Default Event shall be guilty of misconduct and shall be referred to a Disciplinary Commission in accordance with Section 7 of these Regulations.

17.5        Provision of Authority.  Each Club shall provide to The League, not later than 31 May prior to the commencement of a Season, (and in any event within seven days of any request for a further authority from The League), an original, irrevocable authority (which shall not be time constrained) in the form prescribed by The League and signed by a director and the company secretary of the Club, addressed to HMRC authorising HMRC to provide to The League information relating to amounts of PAYE & NIC payable, paid and overdue from the Club to HMRC from time to time including, by way of example and without limitation, the amount of Arrears (if any), the existence of and current position in respect of any Time to Pay Agreement and if a Club suffers a Default Event (‘Authority’).  The League shall be entitled to forward the Authority to HMRC without having to seek the consent of the Club. 

17.6        The Board shall have the power to suspend any Club which, not later than 31 May prior to the Commencement of the following Season (including, for the avoidance of doubt, those Clubs entering The League by way of promotion from the National League or relegation from the Premier League for the following Season) or within seven days of a request, fails to provide to The League the Authority in the required form.  A suspended Club shall not play in:

17.6.1    any League Match;

17.6.2    any Football Association Cup Match;

17.6.3    any EFL Cup Match;

17.6.4    any EFL Trophy Match; and/or

17.6.5    any other match conducted or controlled by The League and in which it would otherwise be eligible to compete.

17.7        For the purposes of the League Competition, the Board shall have the power to determine how the cancellation of a League Match caused by the suspension of one of the Clubs, which should have participated in it, shall be treated.

17.8        Disputed Amounts.  Any amounts which HMRC claims to be due to it, for example by way of an assessment, but which have been formally contested by the Club shall not be considered as due to HMRC for the purposes of this Regulation 17 until such time as a final determination is made on HMRC’s claim.

17.9        Information provided by a Club and/or HMRC in relation to any Arrears shall only be made available to senior members of The League’s staff and the independent Chairman (as described in Article 17.1.1) and shall not be disclosed to the Board generally, provided always that The League shall be entitled to report the happening of a Default Event to the Board for the purposes of enforcing Regulation 17.3 (Consequences of a Default Event).

Thanks for the rules on payments to HMRC which make perfect sense. Clearly it seems to me that  the EFL aren’t monitoring this as closely as they should be, I don’t recall any club that has been in difficulty publicly charged with any offence in connection with late payments to HMRC yet any club that ends up in admin frequently has significant HMRC debt and I would be certain that every club that has paid players late would also have paid the associated deductions late as well.

Surely the efl rules need to change to ensure that both the wages and associated PAYE, Employees NI and Employes Ni are paid each month to avoid sanctions. Currently late paid wages trigger sanctions but I don’t believe late payment of the amounts due to HMRC are included, at the level of championship wages this amount  would be roughly equal to the net wages payable to players each month 

Nixon now reporting EFL want Middlesbrough and Wycombe claims to be included as football creditors totalling over £50 million that isn’t going to help finding a buyer or exiting admin

Some timing by Morris as furlough ends on 30 September, it would be interesting to know how many club staff (not players) have been still furloughed up to now and now that Morris will need to cover those wages going forward he has decided to pull the plug

6 hours ago, Fordy62 said:

Jeeez, I know he was never the greatest athlete, but he doesn’t look great there does he?

 Danny dyer on a bad day or Brett pitman?

They haven’t got a clue about anything above league 1 if they somehow fluked a promotion to the championship Wally would shit himself at the wage demands. He’s got a few quid compared to the average man in the street but nothing like enough to fund even a year of championship wages with their attendances and income. In some ways I would love them to get promoted just to see how big the gap in monetary terms is

Given their form give it a couple of weeks and they will be in danger of being relegated on points per game if the season ended up being finished early.

Ref hasn’t read the script here he’s given a penalty to fleetwood not the fewers 

This has been rumbling on for years and allegedly involves youth players as well at previous clubs

Hilarious their team is bottom of the league with a manager with one of the worst records in football league history and they are worried about a poster. You couldn’t make it up

26 minutes ago, Mr Popodopolous said:

Thanks for the response @martnewts .

Yep, seems not received yet- other loans receivable. Interested in the use of the term 'loans' as well but that could be a red herring.

Land Registry suggested it was there by 21st May 2019, or sold on that date anyway- 10 days before the year/reporting period ended.

Do you by the balance sheet fixed asset note mean Tangible Assets?

Other Loans receivable amount seems to be under 'Debtors'. It's listed as being Repayable on Demand.

Convinced that there could be a case to answer for that 3 year period, given that the transaction was very much the difference between compliance and FFP.

 

@Mr Popodopolous Yes tangible assets note 

23 hours ago, Mr Popodopolous said:

@AnotherDerbyFan

I'm interested in why you're rallying with Villa on this- you've been charged post Investigation, and you should for purposes of equitable treatment want some kind of Investigation for them on their return to the Championship over this 3 year period and this ground sale and leaseback, whenever that might be.

Investigation and guilt/charge are two very different concepts of course. However I'd suggest the EFL have the right to investigate that 3 year period.

In general.

Villa Park, if Other Loans Receivable at £56.7m refers to that, appears surely that it might be getting paid for off the back of loans- could be that it is paid for via loans from the owners but has to be paid back which is curious.

How does FFP at Championship level deal with this?

That's unique among the 5 btw.

Derby and Reading had it appear in their cash flow statement the year of sale.

Birmingham and Sheffield Wednesday had it appear in Other Debtors.

Both of these methods imply that the money will be going to the club either now, or later and it will be a true transaction. Price or rent terms or similar are a different matter, some seem more realistic than others.

This though implies that the cash will be loaned to Aston Villa over god knows what time frame- loaned, not paid for a transaction- loans maybe written off sometime in the future but valuation aside, I struggle to see how this is compatible with a £36m profit on disposal in the here and now!

@Coppello @Drew Peacock @martnewts 

You all are strong on accounting IIRC, any ideas??

@Mr Popodopolous as I think you have identified later the stadium sale proceeds have not been received in cash at the year end hence the debtor "other loans receivable".

The reason for this may well be that the transaction wasnt completed prior to the year end so the accounting entry would have been debit other loans receivable with the proceeds amount, credit profit/loss on disposal of fixed assets for the proceeds.

Then to get to the actual profit on disposal there would have been a credit to fixed asset cost (in the balance sheet fixed assets note) with a debit to profit/loss on disposal of fixed assets then a debit to depreciation on fixed assets (in the balance sheet fixed assets note) with a credit to profit/loss on disposal of fixed assets this then leaves the profit on disposal of fixed asset in the profit and loss account and the debtor other loans receivable in the balance sheet.

Is the other loans receivable amount shown as a current asset? If so then it should be repayable within a year of the balance sheet date.

Just to put the gap into perspective we had an injured loan player in with our fans today who’s transfer fees over his career exceed the value of the tent dwellers stadium 

Very interesting @Mr Popodopolous seems villa intend trying to spend to stay up but if that doesn’t work you’ve got to expect severe penalties on relegation surely to the extent of further relegation to league 1 or below. Even if they stay up you have to hope that premier league penalties would be very severe otherwise what’s the point of the rules?