Minton Posted August 15, 2018 Share Posted August 15, 2018 If we let the players go who are out of contract (Bannan, Abdi, Matias, Fox, Palmer, Westwood and Pudil) their wages will go off the balance sheet (along with the transfer fees associated with them) so that's nearly £10m saved right there. It's not totally unrecoverable, if we receive fees for someone like Westwood and (God help us) Bannan and Forestieri, then we could actually then a profit... Link to comment Share on other sites More sharing options...
kobayashi Posted August 15, 2018 Share Posted August 15, 2018 (edited) 6 minutes ago, Minton said: If we let the players go who are out of contract (Bannan, Abdi, Matias, Fox, Palmer, Westwood and Pudil) their wages will go off the balance sheet (along with the transfer fees associated with them) so that's nearly £10m saved right there. It's not totally unrecoverable, if we receive fees for someone like Westwood and (God help us) Bannan and Forestieri, then we could actually then a profit... Wages aren’t on a balance sheet...the unamortised fees paid are an asset on the balance sheet but the only way they can come off the balance sheet is by being charged through the Income Statement as an expense...not exactly what you want if you are trying to reduce losses. Edited August 15, 2018 by kobayashi Link to comment Share on other sites More sharing options...
sonofbert2 Posted August 15, 2018 Share Posted August 15, 2018 We need to sell someone for really daft money like Lees or Reach who go on to bigger and better things so we don't feel too bad about it and at the same time sort us out with some proper dough to go again when we're allowed to. Both these two still have that "could potentially be much better" quality still that Premier clubs chuck relatively silly money at without even blinking. To get noticed they'll have to play consistently well again which will only be good for us in the short-term. Our team and squad is worth a lot more than some think and cost considerably less too than some go on about. 1 Link to comment Share on other sites More sharing options...
Minton Posted August 15, 2018 Share Posted August 15, 2018 8 minutes ago, kobayashi said: Wages aren’t on a balance sheet...the unamortised fees paid are an asset on the balance sheet but the only way they can come off the balance sheet is by being charged through the Income Statement as an expense...not exactly what you want if you are trying to reduce losses. The £21m loss per season includes wages, surely? It's not just player purchases/sales alone Link to comment Share on other sites More sharing options...
Elvin Parsnip Posted August 15, 2018 Share Posted August 15, 2018 Surely the EFL have to adjust the 39 million loss to incorporate the massive increase in the cost of players over the last couple of years - I would say a 50 million loss loss would be more reasonable nowadays 2 Link to comment Share on other sites More sharing options...
hawksmore Posted August 15, 2018 Share Posted August 15, 2018 11 minutes ago, sonofbert2 said: We need to sell someone for really daft money like Lees or Reach who go on to bigger and better things so we don't feel too bad about it and at the same time sort us out with some proper dough to go again when we're allowed to. Both these two still have that "could potentially be much better" quality still that Premier clubs chuck relatively silly money at without even blinking. To get noticed they'll have to play consistently well again which will only be good for us in the short-term. Our team and squad is worth a lot more than some think and cost considerably less too than some go on about. Only worth what people are willing to pay and we’re not in a position to dictate and demand such fees. As always we buy too high and sell too low. Link to comment Share on other sites More sharing options...
sonofbert2 Posted August 15, 2018 Share Posted August 15, 2018 4 minutes ago, hawksmore said: Only worth what people are willing to pay and we’re not in a position to dictate and demand such fees. As always we buy too high and sell too low. Do clubs have to disclose individual transfer fees in their accounts? I'm guessing no because there would be nothing gained in everyone going down the "undisclosed" route for a while now. I am struggling to work out who we have paid out big money for? There's obviously Rhodes but the Van Aken and Reach fees are known to be overstated, Abdi has been an expensive flop but shithappens and I can't think of anyone else who we've paid out really daft money for?? We were obviously paying proportions of wages for our past loan deals, Urby again was on big money but supposedly not as much as he stated and came with some pedigree and unfortunately some issues but again it could have come off. We have undoubtedly wasted money but again I think it is overplayed a bit. This is sll set against the backdrop of price increases but there is no doubting the huge increase in revenues. One or two daft transfer deals in January could get close to pressing the reset button re. FFP so the question really is who do we have longer term with good potential? Lees, Reach plus maybe one of the young uns who comes in and does well? FF is the obvious one so take it as a given we'd both a) profit and b) save his wages. (This depends of course on what happens re. Mansfield). You then have Hooper (if fit and firing again) Bannan, Adthe, Joao, Winall, Fletcher who all at the very least could command a loan fee + wages with a view to a permanent deal from clubs in the pack after Christmas. None of this will matter because we're going up anyway. Link to comment Share on other sites More sharing options...
McRightSide Posted August 16, 2018 Share Posted August 16, 2018 Basically what I read from that is it’s 2 years of discomfort before we can have another tilt Link to comment Share on other sites More sharing options...
AwokenGiant Posted August 16, 2018 Share Posted August 16, 2018 Let’s hope FF and Rhodes keep scoring then the sale of one of them (or both of them) in Jan will raise close to (or above) the £12m required. Link to comment Share on other sites More sharing options...
just visiting Posted August 16, 2018 Share Posted August 16, 2018 10 hours ago, Box_Man said: One thing I would say is the increase in revenue from ticket sales despite only a 3% rise in attendances over the last couple of seasons kind of vindicate DCs strategy, i’m amazed it’s that high...clearly he thinks this is the way to get us out of this mess. Your accounts publish it as match receipts and associated turnover, so the £16m match day figure quoted includes around £7m from TV money, PL solidarity payments and EFL central distributions. In the 14/15 accounts the associated turnover was around £3.5m, so your ticket price increase has probably added £3m. Still enough to vindicate his strategy I'd guess. Link to comment Share on other sites More sharing options...
Mrmason69 Posted August 16, 2018 Share Posted August 16, 2018 The sad truth that we've spent more on paying players not to play thsn we have spent on them playing. So many players have been signed on massive wages and never played. Or there's been an inexplicably long delay in playing them by wihich time said players have become understanding disillusioned. I dont know of another club in the entire history of the game who has done this. Please feel free to name another such incompetent club such as ours. We have locked ourselves into massive contracts with a multitude of players who have rarely played. Why? Link to comment Share on other sites More sharing options...
meggoisgod Posted August 16, 2018 Share Posted August 16, 2018 Hello darkness my old friend 1 1 Link to comment Share on other sites More sharing options...
Mrmason69 Posted August 16, 2018 Share Posted August 16, 2018 (edited) 2 minutes ago, meggoisgod said: Hello darkness my old friend Is that the best you can come up with? But I agree with you Edited August 16, 2018 by Mrmason69 Link to comment Share on other sites More sharing options...
DuttyTeabags Posted August 16, 2018 Share Posted August 16, 2018 Need to get promoted or win FA Cup. Simples. Link to comment Share on other sites More sharing options...
@owlstalk Posted August 16, 2018 Share Posted August 16, 2018 1 minute ago, DuttyTeabags said: Need to get promoted or win FA Cup. Simples. FA Cup winners get £3,600,000 for winning it this season - nowhere near enough what we need (but it helps) Owlstalk Shop Link to comment Share on other sites More sharing options...
DuttyTeabags Posted August 16, 2018 Share Posted August 16, 2018 (edited) 2 minutes ago, @owlstalk said: FA Cup winners get £3,600,000 for winning it this season - nowhere near enough what we need (but it helps) Don't forget we'll be offloading a few in Jan depending on league position. So Play-offs, win FA Cup, sell Westwood for Quid2m and we're sorted, right? Edited August 16, 2018 by DuttyTeabags gbp 1 Link to comment Share on other sites More sharing options...
@owlstalk Posted August 16, 2018 Share Posted August 16, 2018 Just now, DuttyTeabags said: Don't forget we'll be offloading a few in Jan depending on league position. So Play-offs, win FA Cup, sell Westwood for $2m and we're sorted, right? That'll help yeah Be about ten million so still not enough Estimates have it at 12 million this season to find to just get free of embargo Next season we have an even worse profit and loss situation if the other finance thread has it accurately. That means even more woes And I'm not sure on whether we've spent all the five year season ticket money or not - if we have then we're really in the sh*t as all those with extended season tickets won't be contributing Owlstalk Shop Link to comment Share on other sites More sharing options...
Frazzlebeak Posted August 16, 2018 Share Posted August 16, 2018 SWFC Lotto that’s what’s needed. Snooty do draw the numbers in the centre circle. Link to comment Share on other sites More sharing options...
sheriwozgod Posted August 16, 2018 Share Posted August 16, 2018 9 minutes ago, @owlstalk said: That'll help yeah Be about ten million so still not enough Estimates have it at 12 million this season to find to just get free of embargo Next season we have an even worse profit and loss situation if the other finance thread has it accurately. That means even more woes And I'm not sure on whether we've spent all the five year season ticket money or not - if we have then we're really in the sh*t as all those with extended season tickets won't be contributing And they didnt see this coming 12 months ago ?????.......................appalling mismanagement . Link to comment Share on other sites More sharing options...
@owlstalk Posted August 16, 2018 Share Posted August 16, 2018 Ok my question for the day.. If fans hadn't' bought the three/five year season tickets what would have happened/been different at SWFC? Can anyone remember the first year they properly took off? Owlstalk Shop Link to comment Share on other sites More sharing options...
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