Guest _Ibbo_ Posted February 6, 2014 Share Posted February 6, 2014 How will you be fine? Your loosing money each month, you have no saleable assests in the playing squad, you have a fan base that is unwilling to accept ticket price increases, your attendances are on the slide, you have no commercial income, your retail income is on a par with Barnsley, you struggle to get shirt sponsorship and when you do it's worth nothing, you have three charges against your stadium in the last five months and you have no one interested in investing in you and your chairman sh£tting bricks about it. But, the oracle say's you'll be fine. We may have a bumpy few months coming up but the foreseeable future of SWFC looks far more uncertain. Least we don't have a winding up order against us mind ! Link to comment Share on other sites More sharing options...
Guest Bald Owl Posted February 6, 2014 Share Posted February 6, 2014 They never had a disaster, which we're still paying for in more ways than financial! Its like an albatross around our clubs neck Link to comment Share on other sites More sharing options...
just visiting Posted February 6, 2014 Share Posted February 6, 2014 · Hidden by Belfast Owl 2, February 6, 2014 - No reason given Hidden by Belfast Owl 2, February 6, 2014 - No reason given Politician...it isn't difficult to spell words correctly. I suspect we will continue to lose money as a club, I don't think many non PL teams will make a profit without selling players for big monies, look at Brighton, their income was £22m and they still made a MASSIVE loss. Our wage bill is pretty low, we don't have high earners, look around our squad, we've been cutting our cloth, according to MM and PA, in readiness for the implementation of FFP, whether they are proven to be right is a year or so away. The fact you are so defensive on OUR forum is pretty funny though, almost as funny as the 6-0. Sorry, I sometimes get my t's and c's confused. Its just tunts like you that pick up on it. Link to comment
Guest Distraught! Posted February 6, 2014 Share Posted February 6, 2014 They never had a disaster They did about three or four weeks ago when they played us. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted February 6, 2014 Share Posted February 6, 2014 · Hidden by Belfast Owl 2, February 6, 2014 - No reason given Hidden by Belfast Owl 2, February 6, 2014 - No reason given Sorry, I sometimes get my t's and c's confused. Its just tunts like you that pick up on it. Plus one for that. Link to comment
Guest BirdonaMaguire Posted February 6, 2014 Share Posted February 6, 2014 Politician...it isn't difficult to spell words correctly. I suspect we will continue to lose money as a club, I don't think many non PL teams will make a profit without selling players for big monies, look at Brighton, their income was £22m and they still made a MASSIVE loss. Our wage bill is pretty low, we don't have high earners, look around our squad, we've been cutting our cloth, according to MM and PA, in readiness for the implementation of FFP, whether they are proven to be right is a year or so away. The fact you are so defensive on OUR forum is pretty funny though, almost as funny as the 6-0. Right say in January you borrow £5m from ticketus the transaction will be Dr Bank Cr Loan In May you sell £5m of STs that will go Dr Bank Cr Sales (P&L) at some point ticketus will want some cash back Dr Loan Cr Bank and some interest say 5% so 250k tops Dr Loan Interest Cr Bank The money from ST sales will stay the same regardless so the only impact on the PL is the loan interest. Link to comment Share on other sites More sharing options...
Guest Bald Owl Posted February 6, 2014 Share Posted February 6, 2014 They did about three or four weeks ago when they played us. ha ha ha ha love it! Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted February 6, 2014 Share Posted February 6, 2014 Right say in January you borrow £5m from ticketus the transaction will be Dr Bank Cr Loan In May you sell £5m of STs that will go Dr Bank Cr Sales (P&L) at some point ticketus will want some cash back Dr Loan Cr Bank and some interest say 5% so 250k tops Dr Loan Interest Cr Bank The money from ST sales will stay the same regardless so the only impact on the PL is the loan interest. PS That's £150+VAT. Cheers Link to comment Share on other sites More sharing options...
Guest _Ibbo_ Posted February 6, 2014 Share Posted February 6, 2014 They never had a disaster, which we're still paying for in more ways than financial! Its like an albatross around our clubs neck Apart from the fact we had our most successful period in recent history post disaster. Link to comment Share on other sites More sharing options...
Drones club Posted February 6, 2014 Share Posted February 6, 2014 I'd be deeply pessimistic if I supported Leeds: http://www.yorkshireeveningpost.co.uk/sport/leeds-united/latest-whites-news/leeds-united-cellino-closes-in-as-rival-deal-collapses-latest-1-6421177 Link to comment Share on other sites More sharing options...
Guest Distraught! Posted February 6, 2014 Share Posted February 6, 2014 I'd be deeply pessimistic if I supported Leeds: http://www.yorkshireeveningpost.co.uk/sport/leeds-united/latest-whites-news/leeds-united-cellino-closes-in-as-rival-deal-collapses-latest-1-6421177 I'd be deeply suicidal if I supported them. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted February 7, 2014 Share Posted February 7, 2014 Has justvisiting disappeared? Link to comment Share on other sites More sharing options...
Raygun Posted February 7, 2014 Share Posted February 7, 2014 Haha! Free double-entry bookkeeping lessons for Leeds United fans on Owlstalk. Like it. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted February 7, 2014 Share Posted February 7, 2014 Lose not Loose you illiterate prat. All clubs at this level are 'loosing' money. We have sellable assets, although their value isn't great, the likes of Antonio, Helan, Maguire, Palmer are all worth some money. Our retail income and commercial income is pretty low, we all know that, it's hardly something we didn't know but without seeing our 2013 I cannot make a full judgement on whether our turnover has increased (neither can you BTW). Gates have dropped across the league, after the first season back were always going to struggle to maintain the bigger crowds. Our net spend per fan is pretty low but c'est la vie. As for the charges on the stadium, it could be worse we could be renting it...... You lot have been hawked around for a decade to be bought and all you've had is GFH who have left you in the mire, the charges we've had against the stadium are akin to the Flowers loan except without the Winding Up petition attached to it. For all Leeds commercial wealth you seem to be still in the poo, even after an unglorified stint in admin (something we've never done). Have some dignity man, go back to Waccoe. Edit : Just to help you out re the accounts and forward ticket sales the transaction will not be including in the P&L baring any interest paid on the 'loan' from ticketus, the ST monies you acquire will be part of the turnover on one side and pay the loan off on the other. It's barring not baring. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted February 7, 2014 Share Posted February 7, 2014 It's barring not baring. I know but when i'd noticed it was too late to edit. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted February 7, 2014 Share Posted February 7, 2014 I know but when i'd noticed it was too late to edit. I was polite though - I didn't call you an illiterate prat! Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted February 7, 2014 Share Posted February 7, 2014 I was polite though - I didn't call you an illiterate prat! I'm not a Leeds fans though. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now