Guest Posted March 1, 2018 Share Posted March 1, 2018 1 minute ago, Rebowl Yell said: Oh I bet you’re loving these accounts Geoffrey, any excuse to blame bad Mr C when he put the foundations in place but was let down by poor take up from the fans. Ashamed to be a Wednesdayite these days. Sickens me when I think that even dem blades would have been averaging around 30,000 these past few seasons if they had the backing and players we had. We just have too many glory fans from places like Rotherham, Donny and Worksop who just want the glory of supporting Wednesday without paying for it. SHOTS FIRED. Link to comment Share on other sites More sharing options...
Wakefield owl Posted March 1, 2018 Share Posted March 1, 2018 10 minutes ago, Geoffrey said: £8m in cash instantly, That's realistic. Unlike a lot of businesses our issue is not cash as long as DC is happy to fund us. It's the losses for FFP that hurt. Rhodes was not signed until after these accounts and do will be included from next year onwards. If we paid £8m and he's on a four year contract the the transfer fee will be amortised (written off) over the four years at £2m a year. So if we sold for anything less than £6m before end of May 2018 that shortfall would have to be included in the 2018 accounts but any sale after that date could mean we could defer it to the 2019 accounts. Unless our revenue has substantially increased then I can only see our losses being over £20m for this year as we have at least £2m re Rhodes transfer fee plus c£1.5m other transfer fees plus additional wages. We only released a couple of low earners so my quick estimate for this year would be a loss of circa £25m. Losses of £55m+ over the three years. Can't see how player sales would take us below this. FFP well and truly busted. Link to comment Share on other sites More sharing options...
Geoffrey Posted March 1, 2018 Share Posted March 1, 2018 1 minute ago, steveger said: The threads about the ACCOUNTS not your continued agenda and use of the words "i" and "me"... Your quote includes neither of those words. I am replying to a moron who accused me of being racist yesterday for questioning his revered leader and now he is praising him over the shirt fiasco. Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2018 Share Posted March 1, 2018 Just to bring a little reality to the situation. As with any other business, SWFC will have been projecting profit and loss figures for the majority of their financial year so will not have been unaware of their financial situation. They will have a business plan that they are working to. Link to comment Share on other sites More sharing options...
steveger Posted March 1, 2018 Share Posted March 1, 2018 2 minutes ago, @owlstalk said: Ha ha I’m gonna start another one all about farming With pictures of tractors?.. I love tractors 1 Link to comment Share on other sites More sharing options...
Guest Posted March 1, 2018 Share Posted March 1, 2018 2 minutes ago, @owlstalk said: Ha ha I’m gonna start another one all about farming Don't think i'll be grazing over that one thankfully. Link to comment Share on other sites More sharing options...
vulva Posted March 1, 2018 Share Posted March 1, 2018 4 minutes ago, hirstyboywonder said: Will anyone notice? When it gets stuck in a grate they might. 1 2 Link to comment Share on other sites More sharing options...
Sham67 Posted March 1, 2018 Share Posted March 1, 2018 10 minutes ago, vulva said: If we get £6m for Winnall I’ll walk down Fargate with my spunk trumpet out. Bolton got £6m for the goal machine. Winnall's record is far better. Link to comment Share on other sites More sharing options...
Guest Posted March 1, 2018 Share Posted March 1, 2018 4 minutes ago, Hookowl said: Just to bring a little reality to the situation. As with any other business, SWFC will have been projecting profit and loss figures for the majority of their financial year so will not have been unaware of their financial situation. They will have a business plan that they are working to. Although we might well have been struggling to get anywhere near said financial plan which may be why Katrien Meire has been brought in. Link to comment Share on other sites More sharing options...
@owlstalk Posted March 1, 2018 Author Share Posted March 1, 2018 5 minutes ago, Hookowl said: Just to bring a little reality to the situation. As with any other business, SWFC will have been projecting profit and loss figures for the majority of their financial year so will not have been unaware of their financial situation. They will have a business plan that they are working to. That doesn't make sense to me Owlstalk Shop Link to comment Share on other sites More sharing options...
Guest Posted March 1, 2018 Share Posted March 1, 2018 2 minutes ago, vulva said: When it gets stuck in a grate they might. Try not to fall flat on the ground then! Link to comment Share on other sites More sharing options...
swfc1983 Posted March 1, 2018 Share Posted March 1, 2018 4 minutes ago, Hookowl said: Just to bring a little reality to the situation. As with any other business, SWFC will have been projecting profit and loss figures for the majority of their financial year so will not have been unaware of their financial situation. They will have a business plan that they are working to. Worked a treat for Toys ‘R’ Us and Mapplins. 3 Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2018 Share Posted March 1, 2018 9 minutes ago, Will69 said: I don’t think you understand what I’m getting at. If the accounts of a club (over a 3 year rolling period) breach the FFP limit by 50p or by £50m is there a difference? If we are going to be put under an embargo for say being £10m over we just should splurge the cash and buy a squad like Wolves did hasn’t we? What’s the worse that can happen? I suppose the worse thing that could happen would be to spend/lose that much that we breach FFP in the premiership as well (circa 61M first year I believe). Link to comment Share on other sites More sharing options...
fred mciver Posted March 1, 2018 Share Posted March 1, 2018 58 minutes ago, @owlstalk said: Well surely that would be just made up nonsense right? Made up by Andy Giddings then , who first asked Jos the question 2 weeks ago. Those figures are frightening and just not sustainable for the football league (DC's already at loan max). But with our FFP constraints, any player has to be at a book profit. Selling Rhodes for , say, £2 million puts another £6 million loss direct to balance sheet. The loan conditions mean they are repayble to DC. Also, are they secured against assets such as stadium - like Co-op was? We will have to go Moneyball route of Brentford and Barnsley to trade outta this mess. We gotta stay up. Link to comment Share on other sites More sharing options...
Geoffrey Posted March 1, 2018 Share Posted March 1, 2018 8 minutes ago, Rebowl Yell said: We just have too many glory fans from places like Rotherham, Donny and Worksop who just want the glory of supporting Wednesday without paying for it. Is it free entry for non-Sheffielders in your warped world? Link to comment Share on other sites More sharing options...
Wakefield owl Posted March 1, 2018 Share Posted March 1, 2018 7 minutes ago, Hookowl said: Just to bring a little reality to the situation. As with any other business, SWFC will have been projecting profit and loss figures for the majority of their financial year so will not have been unaware of their financial situation. They will have a business plan that they are working to. Yes but it looks like part of the plan was to get promoted this season Link to comment Share on other sites More sharing options...
Woodyowl450 Posted March 1, 2018 Share Posted March 1, 2018 7 minutes ago, Rebowl Yell said: Oh I bet you’re loving these accounts Geoffrey, any excuse to blame bad Mr C when he put the foundations in place but was let down by poor take up from the fans. Ashamed to be a Wednesdayite these days. Sickens me when I think that even dem blades would have been averaging around 30,000 these past few seasons if they had the backing and players we had. We just have too many glory fans from places like Rotherham, Donny and Worksop who just want the glory of supporting Wednesday without paying for it. I see what you’re trying to get at mate, but I’m from much further a field than Rotherham, donny or Worksop. I have a season ticket and will do next year too, but could you enlighten me as to what you mean by ‘Glory’ because I can’t can’t recall where that fits in with being a Wednesday fan 1 1 Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2018 Share Posted March 1, 2018 3 minutes ago, hirstyboywonder said: Although we might well have been struggling to get anywhere near said financial plan which may be why Katrien Meire has been brought in. True, but the auditors have signed the accounts off. Link to comment Share on other sites More sharing options...
steveger Posted March 1, 2018 Share Posted March 1, 2018 1 minute ago, Woodyowl450 said: I see what you’re trying to get at mate, but I’m from much further a field than Rotherham, donny or Worksop. I have a season ticket and will do next year too, but could you enlighten me as to what you mean by ‘Glory’ because I can’t can’t recall where that fits in with being a Wednesday fan same here i was eating my dinner when i read the "glory" bit, I will be picking mash and pork outta my keyboard all night now... 3 Link to comment Share on other sites More sharing options...
nethertonowl Posted March 1, 2018 Share Posted March 1, 2018 1 hour ago, smhouston said: Owners invest in the club = big loss = bad management Owners don't invest in the club = still losses = bad management / no commitment Yet our fans still think we can charge £10 a game and still expect to compete Wish I could plus more, the stupidity on here at times in mind blowing Link to comment Share on other sites More sharing options...
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