Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Where does it state that anywhere in the accounts ? Tax losses of 52.4 million. Link to comment Share on other sites More sharing options...
KivoOwl Posted February 26, 2015 Share Posted February 26, 2015 The overall det stands at 25 million. Source or just bullshit? Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 That's wrong.... Completely wrong. http://www.telegraph.co.uk/sport/football/teams/sheffield-wednesday/8168128/Sheffield-Wednesday-avoid-administration-after-Leicester-City-chairman-Milan-Mandaric-completes-takeover.html Link to comment Share on other sites More sharing options...
Lees Tom Cat Posted February 26, 2015 Share Posted February 26, 2015 Best opening statement to accounts EVER! Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Mandaric agreed a £7 million settlement with the Co-op Bank, who were owed £23 million by the club, and five directors last week, but former Chairman Allen, owed £2.4 million, had refused to accept an initial offer of £250,000 Link to comment Share on other sites More sharing options...
lanzaroteowl Posted February 26, 2015 Share Posted February 26, 2015 Pretty sure he had to pay £7M at purchase for debts and he probably still owed uncle Dave until sale. So could be £12.5m debt + £7M purchase debt + £1.5/2M owed to old guard = £21.5M costs to MM, sold at £30M so £8.5M profit. Then again these figures could be a load of Ballacks Link to comment Share on other sites More sharing options...
royalowlisback Posted February 26, 2015 Share Posted February 26, 2015 Hamy33 Blunt, dyslexic or plain daft? Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 26, 2015 Share Posted February 26, 2015 Accounts show Due to UKFI £11m Other loans in accruals of £5.1m, including one of £1.6m obtained in April 14 Bank overdraft £1.4m Stadium revalued by £3.2m recent share issue was to UKFI in exchange for debt Link to comment Share on other sites More sharing options...
RichieB Posted February 26, 2015 Share Posted February 26, 2015 Hamy33 Blunt, dyslexic or plain daft? I smell a tinge of pork. Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 26, 2015 Share Posted February 26, 2015 So £17m of debt but this excludes whatever the Co-op got The liabilities on securing promotion to the Premier League are debts of the company and in theory will pass to the new owner Link to comment Share on other sites More sharing options...
royalowlisback Posted February 26, 2015 Share Posted February 26, 2015 The other loans are the Terry Brown loans I presume - but sure I read they were cleared the other week? Link to comment Share on other sites More sharing options...
IstillhateSteveBould Posted February 26, 2015 Share Posted February 26, 2015 Can someone lay it all out in thick b@5tard terms for the likes of me please Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Overall det is 25 million Link to comment Share on other sites More sharing options...
Paul.. Posted February 26, 2015 Share Posted February 26, 2015 I smell a tinge of pork. Same, just had a rummage at some of his recent postings and it's basically moaning about the manager, moaning about the board, moaning about the transfer signings and everything else. Link to comment Share on other sites More sharing options...
Guest _Ibbo_ Posted February 26, 2015 Share Posted February 26, 2015 Overall det is 25 million Where precisely in the accounts does it state this ? Never believe what you read in the papers BTW..... The accounts state 12M Net debt. The 'purchase price' also isn't necessarily debt on swfc. Link to comment Share on other sites More sharing options...
Guest _Ibbo_ Posted February 26, 2015 Share Posted February 26, 2015 Accounts show Due to UKFI £11m Other loans in accruals of £5.1m, including one of £1.6m obtained in April 14 Bank overdraft £1.4m Stadium revalued by £3.2m recent share issue was to UKFI in exchange for debt Is £3.2 million of that debt just a technical debt due to stadium revaluation? Tax losses of 52.4 million. Your just making stuff up. Link to comment Share on other sites More sharing options...
lanzaroteowl Posted February 26, 2015 Share Posted February 26, 2015 I smell a tinge of pork. Ham y 33 = Pig y 33. it's there in black and white Link to comment Share on other sites More sharing options...
IstillhateSteveBould Posted February 26, 2015 Share Posted February 26, 2015 Same, just had a rummage at some of his recent postings and it's basically moaning about the manager, moaning about the board, moaning about the transfer signings and everything else. There's also maybe a clue in his name Link to comment Share on other sites More sharing options...
camffiti Posted February 26, 2015 Share Posted February 26, 2015 All these debts should be cleared with takeover, we start from scratch but need a successful team to win some fans back. I remember reading the same on here, when the MM takeover went through For the League that we're in, we have a below average wage bill & above average attendance ... Something needs to be done, to address these year on year losses Link to comment Share on other sites More sharing options...
RichieB Posted February 26, 2015 Share Posted February 26, 2015 Accounts show Due to UKFI £11m Other loans in accruals of £5.1m, including one of £1.6m obtained in April 14 Bank overdraft £1.4m Stadium revalued by £3.2m recent share issue was to UKFI in exchange for debt Could those loans of £5.1m be the ones that have recently been paid off? It says the total net debt is £12.6m on page 25, surely that's the correct figure? Link to comment Share on other sites More sharing options...
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