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BTRFTG

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Everything posted by BTRFTG

  1. '..last season'...what season that? Could be it's a much lower percentage than most clubs, depending upon which period the ground sale actually fell in, as opposed to what Morris stated. I thought Derby County FC LTD only filed accounts to the period end June 2018 at Companies House. That the accounts to June 2019 are overdue by 15 months, surely fans must have cottoned-on to what's been happening? Forget the fiction filed with the EFL, let's see what Morris' latest version of events comes up with.
  2. Don't you mean 'stolen'? Who'd have thought a clause could be inserted without the knowledge or veto of club members or the remainder of the Board that effectively and shortly thereafter gave the once tenant the right to purchase the asset for a nominal coin? The clause inserted by a director who shortly thereafter cut ties with the club. The Gas deserve to rot.
  3. I believe The Fake Sheikh was hoping to join in a karaoke version of 'We Are The Champions' but when told it could only be 'Hammer To Fall' he took umbrage & pulled the plug.
  4. That, good Sir, is a matter of opinion. Personally, I believe he's doing a grand job.
  5. FFP is meaningless. It's a game to be played and as with most games the richer one is the easier it is to win. In truth the difference between Morris & SL is SL has sufficient financial clout to provide an additional range of 'options', all legal, all within the rules, yet equally not within the spirit of what FFP claims to achieve. What's disgraceful is the way in which UEFA now attempt to circumvent the rules they've introduced on behalf of the historic clubs, the ones who do not have seriously mega wealthy owners. Real & Barca cases in point.
  6. Easy. Sheikh Mansour acquired Man City mid 2008. The 'historic' major European clubs already witnessing what Abramovich was achieving at Chelsea responded by proposing to UEFA outlines for FFP in 2009. UEFA implemented them in 2011. Pure protectionism and NOTHING about preventing clubs living beyond their means. So to answer your question, in City's case the horse had already bolted.
  7. Couldn't disagree more. Although we love to take the **** out of them he comes across as somebody with a lifelong (if deluded,) passion for his club that's being torn apart by some megalomaniacal despot and his sycophantic lackies. If true what he's written, that's some damning accusations against The Gas Board.
  8. As David Coleman was wont to say: "Quite Extraordinary!"
  9. As has amply been demonstrated by those who write about such matters FFP has NOTHING to do with protecting football clubs and their finances and is a wholly driven initiative to ring-fence elite European clubs from being threatened by nascent upstarts with rich backers. Always was, always will be. Look at clubs finances since FFP was introduced and there are more on the brink now than ever (and that's nothing to do with the pandemic.) If you don't believe me look no further than our own club, net liabilities approaching £130m, about to drop accounts reporting record losses, a wage bill recently significantly higher than turnover, with no realistic means of paying the owner back his 'loans' (sic).
  10. Wow, if you really want something to cheer you up read the statement just issued by the outgoing Chair of their Supporters Club! Safeguarding referral re 'IL Presidente'! What might this be?
  11. Looks like the Met Office have added a new region to their Shipping Forecast: General Synopsis Saturday : 16:50 BST Deep depression centred over North Bristol, Low, Steadily Falling. Horfield Wind: 1 decreasing zero, becalmed. Sea: Rough increasing Very Rough. Weather: Squally Showers. Visibility: Occasionally Poor becoming Poor, FOG later.
  12. Every one of the crowd look like the unfortunate folks one might see on a Channel 5 documentary, in this case: 'On Benefits - Living With Tourette's'.
  13. Interesting info but not sure if matters aren't conflated between legal obligation to file at Companies House and the farce that is FFP. I know there's been suggestion of complicity with Derby's auditors but surely if the accounts weren't fit to file there would have been an impairment noted, else the auditors themselves would be shown to have been negligent with one or both liable to censure? I thought I'd read there was nothing wrong with the accounts filed, per se, rather their construction and methodology would set alarm bells ringing with the blindest of Pews. I also get the principle about short-termism re FFP but can't get my head around what one should have in 'cash & assets' and where one explains any difference between what one can demonstrate is held at any given point in time plus what's been written off? To my knowledge the entities weren't some contrived SPV swop con, so ultimately, once the cards stopped moving, the write offs become visible. Even if the intangibles are devalued 'losses' (sic) get 'written down'. Of course one might argue that whilst Derby are duplicitous in the construction of their accounts, are City really that dissimilar? Do we for one minute believe SL's loans will be repaid in full, or he receive the face value of his stock returned once he cedes control? My money's on City's financial position improving significantly when SL (most likely his estate,) write off much of that owed him as irrecoverable debt.
  14. Thanks, though I'm still unclear whether the accounts are public (one imagines they'd need to be if a buyer is being sought)? I also thought the accounts submitted to Companies House were compliant to that standard, though as you'll know there are many variables one may flex within the standard (for good reason) as to reporting periods, methods of valuation and assessment et al, all with the caveat you've explained what you've done and why? My understanding was Derby sought to play the 'three card trick', keeping variations in periods and methodology moving, divesting to newly created subsidiaries, splitting/transferring assets within the group such unless you're a forensic accountant it's difficult to see the wood for the trees. I'm no accountant but struggle ,(the amortization change, for example,) to understand if the accounting standard is followed why the overall and true position wouldn't materialise eventually? Some suggest Derby sought to omit player write downs but I've never seen an explanation as to how they would eventually be able so to do?
  15. I thought Derby had until the end of August to submit revised accounts for 3 reporting periods to the EFL. I know the were late and granted an extension but does anybody know: Have they now been submitted? Are they to be made public, or does the EFL have eyes only for a period and we only find out detail from their considered report? Are the revised accounts to be filed at Companies House, or if the previously filed accounts were legal is it the case the new ones simply reflect demands required of standards by the EFL?
  16. Haven't looked into it in detail but wasn't it suggested the difference in costs related to the differential accounting periods Derby decided to deploy when establishing the various subsidiaries? Again it's robbing Peter to pay Paul for short term improvement. In the end it'll all catch up.
  17. I thought Tanner struggled early doors but worked his way into it. That's why they targeted our right side, with success. Problem with his like, of which we seem to have plenty at AG, is they're not great defensively, nor that great getting forward. They're something in nothing. Bryan , possibly our most famous recent full/wing back prodigy was an exception and actually pretty good going forward but was little more than a defensive liability. He couldn't defend for toffee. I caught the highlights of Fulham's demolition of Birmingham midweek and was amazed they got anything out of the game, what with Bryan getting royally roasted cross after cross. Hopefully Tanner will improve with experience.
  18. For those of a certain vintage interesting to see Phil Parkes on the pitch at half-time and in the words of the late, great Warren Zevon: " His Hair Was Perfect." That's the power of Cossack....
  19. I've no idea what that app is but if you pay for it get your money back now. The ratings are clearly taken from the scant highlights provided by Sky. Ok, Weimann held up Massengo's cross for Martin's opener, later broke and put in a quality ball for the winner - so two creditworthy assists. Otherwise he did sweet FA other than moan, flap, cheat, flap, point, flap, point some more and anonymously lead the line signally failing to hold the ball up or threaten their defence. Star player? Never in a million years.
  20. I'm tempted to say Mark Goldberg....
  21. Caveat Emptor. For example, there's nothing illegal in accounting practice in switching amortisation method from flatline to ERV provided one makes clear in the accounts what method one's using. After all, in the end one gets to the same place. Accounts are not designed to be an absolute, accredited statement of value/liability at a single point in time, rather give a reflective snapshot against the assumptions listed. It's 'read the small print'. I believe Derby did exactly the above with player values to squeeze £20m or so from one year's accounts to the next hence no surprise when 3 or 4 years later the chickens (and write-offs) came home to roost. With most football intangibles 'True & Fair' is almost impossible to value. I'm sure most Gasheads would say their club title is worth 7 figures. As most realise that's figures AFTER the decimal point.
  22. Not entirely sure how we won but Bentley kept us alive, Wells for the first time produced a super finish to give the impression he may yet make a striker and HNM was head and shoulders the finest player on the park. Big up to Pearson for bringing both Wells and Semenyo (decent cameo) on to take the game to them and go for the win. What a relief from the 'desperately try and shore up and scrape a point' we've had for the past few years. Away fans - FP. Best away celebration at the end for some time. I get the impression Pearson and the players appreciated the reaction.
  23. Which is odd as during that period Derby's employees were drastically reduced according to their accounts. Save they weren't, rather in breaking with accounting convention they shipped folks out to various entities then failed to roll up the wholly owned subsidiaries figures into the controlling company accounts. In truth the headcount increased, hence the numbers you report, but which Derby's accounts did not. Derby & Morris deserve all that's coming home to roost.
  24. Statement (believe it if you will as it contains other garbage,) states there are 'no buyers' on the horizon. Going into administration kicks in the farcical 'Alcatel' standoff of having to wait 28 days for supporters to dream of emptying the chump change from the back of their sofas or struggling with the math of how many shirts they'd need to sell to turn things around, all before concluding they have nowhere near enough to fund the academy let alone the football club. There's also the added complication of the ground. Haven't read the full statement so assume the company holding the ground isn't in administration, though that's somewhat moot given it'll receive little income whilst the club is. So assume any buyer would have to tie up deals not only with the administrator but also Morris and there's your first problem for starters . There's great danger in buying the club without the ground but none if buying the ground not giving two hoots for the club. Suppose Morris is offered a far better return for the latter, where does that leave the administrator to go in finding a buyer for the club?
  25. There's a world of difference in being 'incompetently run' & 'being incompetently run whilst actively cheating & seeking to blame anybody other than oneself for that failure'. Therein lies the difference between 1982 & Derby under Morris. And whilst many (myself included) believe SL contravenes the 'spirit' of FFP (not that's worth much,) they also tend to be those not clamouring for new, expensive & unrealistic signings, or those who throw their toys out the pram when results take a downturn. City exist because SL has very deep pockets, not you'd know that from much of the abuse & delusion City muppets throw his way.
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