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Sheffield Wednesday accounts due to be published


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8 minutes ago, Geoffrey said:

Under FFP rules, all clubs have to supply actual accounts for the previous 2 seasons and forecasted results for this season by today. Any failing club will be referred to a Football Disciplinary Commission.

Ooh Geoffrey. So close yet so far away. Another five minutes and you wouldn’t have looked like a tool

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6 minutes ago, Geoffrey said:

£20.8m loss.

£37,658,000 loan due for repayment in one year.

Surely the forecasted results for this season will result in a transfer embargo.

 

I'm no accountant, but in 2016 the loan was £17,677,000 payable in a year. In 2017, it was the £37million figure payable in a year.

But the blurb underneath suggests there are no terms for repayment or interest for the loan from the shareholder. Would that mean the loan is directly to Mr Chansiri or his group of people - and that it's a paper deficit, not an actual one needing to be paid back in a year.

 

No idea what the net result of it all means though.

 

One thing for sure though, CC has put a lot of money into our club, and I for one am very grateful for that.

Edited by Pulcinella
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