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kobayashi

Sheffield Wednesday Fan
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About kobayashi

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    Sheffield Wednesday Reserves

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  1. There will be no cash. If it is done it will be “funded” by the loans to DC being offset against the asset sale price. However the liabilities are significantly greater than the asset value so what will be left will be fewer but still significant liabilities.
  2. There is a shareholder it is DC and he doesn’t own the ground or employ anyone, SWFC ltd do. At the moment the assets and liabilities of the business are held by SWFC Ltd, if the ground is sold then the SWFC will have liabilities but a different company will own the asset.
  3. SB had the best years in his career between 32 and 36. if such a player was available then he would build his team around him.
  4. Echoes of 2006...Utd promoted and Wednesday making up the numbers.
  5. So if people can't or won't act in an half decent manner towards the people they live, work and socialise with it's the cops fault...
  6. How do they enforce the contract? What if they haven’t got the money when they leave the club? Or if they have got the money but its overseas? Chasing money through foreign courts...good luck with that one in China or for that matter Thailand...
  7. HMRC will probably also be interested in the VAT aspect of this deal. Sell a book no VAT, sell a ticket VAT has to be paid. So sell a book that is really a ticket...be very careful
  8. The only accountant that could support this scheme would be the accountant being paid to come up with the scheme... it is a sham.
  9. IFRS15 revenue recognition 5 step framework 1. Identify the contract(s) with a customer 2. Identify the performance obligations in the contract 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations in the contract 5. Recognise revenue when (or as) the entity satisfies a performance obligation Presumably the idea is that the transaction is the purchase of a book and the revenue recognised against supply of the book. But this bears no scutiny and is undermined by the fact that the price for the same book is anything from £255 to £3200. Same book but a price difference of 1255% - demonstrably the transaction price has nothing to do with the book but is clearly fixed to the performance obligation of the "season ticket bonus" and should be allocated to those obligations and recognised as deferred income.
  10. Anyone buying into Chansiri’s latest scheme must have rocks for brains. Rather than run his company in a half decent manner he prefers to try and screw more money out of the fan base. Clueless and shameless.
  11. I doubt any fan would come up with a crapper plan than charging £2k for a 50p of plastic sticker to be stuck on a plastic seat for a few months.
  12. Or maybe he could operate his business competently and within the rules...it really is that simple.
  13. So in January 2016, with 50 points on the board he decided to sign Rhodes for a £10m fee and gave him a £10m contract to avoid a relegation scrap.... Either he is an idiot or he thinks that the fans are idiots...
  14. Rather than bringing back his crap scheme to screw more money out of the fans he should be getting on with running his business in a sustainable way. If he either can’t or does not want to do this then he should be getting out...the sooner the better for everyone.
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