roaminowl Posted February 26, 2015 Share Posted February 26, 2015 Is this the return of tonto? Or is it a pig hoping that if something is repeated often enough it'll become a Fact? It will be all over Bladesmad by now. "Wendies 25M in det (sic)" Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 So where and how are we making losses? Running costs of Stadium and/or lack of commercial revenue? Wages mate. Always comes back to wages. Link to comment Share on other sites More sharing options...
Freshfish Posted February 26, 2015 Share Posted February 26, 2015 So he sells for £30m and still wants his £25m back? This club was an investment with the hope of making a profit. He invested £25m with the hope of selling for more! ..bugger..wish we'd gone bust and the old board were still running us really well... Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 Owlstalk accountants out in force. To be fair, mkowl actually IS an Accountant. Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2015 Share Posted February 26, 2015 Wages mate. Always comes back to wages. Wages are always the biggest cost but matchday and commercial income have fallen on the previous year. Understandable given that the accounts to May 2013 covered our first season back in the division. The concern is that the next years accounts which cover this season will show a significant drop in matchday income and probably commercial revenue as well given the problems with the kits. Link to comment Share on other sites More sharing options...
dunsbyowl Posted February 26, 2015 Share Posted February 26, 2015 (edited) Here you go - if we are in Debt so are the Pigs Accounts at June 2013 and all their Debt will be owed to McCabe's companies - and who the bloody hell would want to buy them? Edited February 26, 2015 by dunsbyowl Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 Tax losses of 52.4 million. fool. Mods, ban this piggy edit. Link to comment Share on other sites More sharing options...
S36 OWL Posted February 26, 2015 Share Posted February 26, 2015 Overall det is 25 million I smell pork Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2015 Share Posted February 26, 2015 Here you go - if we are in Debt so are the Pigs Accounts at June 2013 and all their Debt will be owed to McCabe's companies - and who the bloody hell would want to buy them? Isn't that for the previous year though mate, before the bog-roll billionaire and McCabe did a deal to clear those debts for a couple of quid? Link to comment Share on other sites More sharing options...
asteener1867 Posted February 26, 2015 Share Posted February 26, 2015 To be fair..No f.ooker knows what the f.ook they are on about do they? We always have these threads that start.. Milan bought us for a pound..sold us on for £30 million ..so he's made..over £29 million.. Then someone comes on an' says.."Yea but he invested X amount...paid off Y amount ..so that simply leaves him... Then someone else comes on an' says "Actually I'm an accountant..and The X amount is over an' above the Y amount you subtract the former from the latter to get the ACTUAL..amount..... Then a load of us nod an' say .."Ooh Aye" ..............while not understanding a f.ookin' word of it.. THEN..another accountant comes on to say the previous accountant was wrong cos of the NASDEQ an' the other accountant comes BACK on to say the second accountant who gainsaid the first accountant can't...count... The second accountant tells the first accountant to "F.ook off"..and they sorta face up..wiv fountain pens..and threaten to hit each other wiv a ledger... Then theres a load of p*ss takin' from the rest of..who actually admit they can't make head or tail of it..an' the Accountants start whinin' cos someone called their Abacus a c*..nt Link to comment Share on other sites More sharing options...
agentwalker Posted February 26, 2015 Share Posted February 26, 2015 humm the guy also owns a construction company, that's the stadium sorted then on the cheap. Link to comment Share on other sites More sharing options...
lanzaroteowl Posted February 26, 2015 Share Posted February 26, 2015 Its not debt to Milan it is to his company - that won't be written off - he's a businessman at the end of the day - his company will get it's money back - it is not a charity. I have a copy of the Pigs acccounts somewhere I will look them out and we'll have a little compare. No one would buy us for £30M and still have the Club owing £12.5M+ Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted February 26, 2015 Share Posted February 26, 2015 To be fair..No f.ooker knows what the f.ook they are on about do they? We always have these threads that start.. Milan bought us for a pound..sold us on for £30 million ..so he's made..over £29 million.. Then someone comes on an' says.."Yea but he invested X amount...paid off Y amount ..so that simply leaves him... Then someone else comes on an' says "Actually I'm an accountant..and The X amount is over an' above the Y amount you subtract the former from the latter to get the ACTUAL..amount..... Then a load of us nod an' say .."Ooh Aye" ..............while not understanding a f.ookin' word of it.. THEN..another accountant comes on to say the previous accountant was wrong cos of the NASDEQ an' the other accountant comes BACK on to say the second accountant who gainsaid the first accountant can't...count... The second accountant tells the first accountant to "F.ook off"..and they sorta face up..wiv fountain pens..and threaten to hit each other wiv a ledger... Then theres a load of p*ss takin' from the rest of..who actually admit they can't make head or tail of it..an' the Accountants start whinin' cos someone called their Abacus a c*..nt All you have do is realise that 2 + 2 = 4 The rest just follows Link to comment Share on other sites More sharing options...
VintageOwl Posted February 26, 2015 Share Posted February 26, 2015 I don't think any debts will be passed on to the new owners, these should be discharged when the sale goes through. Sheffield Wednesday will owe nothing I assume. Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 fool. Mods, ban this piggy edit. Page 26. 6 Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 No one would buy us for £30M and still have the Club owing £12.5M+ There is a note right at the end abouyt post balance sheet transactions, which is swapping some debt for equity - to me it reads that Milan swapped what he was owed into equity, which basically just means more shares to hand over to Chansiri when he buys the club. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 Page 26. 6 And? Its the accumlated losses for the purposes of writing off against tax. Not actually debt. Wheres the £25m det from? Link to comment Share on other sites More sharing options...
coopswfc76 Posted February 26, 2015 Share Posted February 26, 2015 You can dress em up as you like but the total Debt stands at near on £25 million So were and how is this broken down in the accounts as most others reckon half that amount? Link to comment Share on other sites More sharing options...
VintageOwl Posted February 26, 2015 Share Posted February 26, 2015 I saw a sign that said the land opposite to Hillsborough has been sold, I hope the new owners have bought it to build a new stadium with the construction company he/they have. Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2015 Share Posted February 26, 2015 Page 26. 6 You have absolutely no idea what that note in reference to taxation means do you! Link to comment Share on other sites More sharing options...
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