marcx666 Posted June 23, 2019 Share Posted June 23, 2019 1 hour ago, Musn't Grumble said: I reckon we are buying Bill Gates. Well, we won;t be signing Ross McCormack then, he has trouble with Gates 4 Link to comment Share on other sites More sharing options...
Orlando_Trustful Posted June 23, 2019 Share Posted June 23, 2019 We are back baby. Big Brucie is taking us all the way. Link to comment Share on other sites More sharing options...
Guest Kameron Posted June 23, 2019 Share Posted June 23, 2019 (edited) 12 hours ago, mkowl said: The issue of shares will have zero impact on the profit and loss account and thus the assessment on FFP. This may all be connected with the sale of the stadium to this new Holding company and if that shows an accounting profit it may clear most of the historic issue with FFP. To me this is all a fix to solve the past not a green light to go mad in the future. Crux is even in a normal season the club will probably lose 10m per season just standing still Don't think folk grasp the basic differential between our income and the much higher expenditure we have We don’t know for sure but it looks a mix of how Villa restructured and as Derby have done with their stadium. If it removes the FFP issues then that has to be a positive or why would DC bother doing anything? The fact that’s he’s being creative and at least trying to resolve our predicament suggests he wants to see this through, he could quite easily sit back take the punishment, I hope he’s got his enthusiasm back because clear off transfer restraints and a top manager we can have another go. If this gets us out of trouble for the next couple of seasons it may just buy enough time to see a rule change which will come before long, if not I think this will be challenged in the courts as it’s not fit for purpose. Edited June 23, 2019 by Kameron Link to comment Share on other sites More sharing options...
ChinaOwl Posted June 23, 2019 Share Posted June 23, 2019 8 hours ago, HirstWhoScoredIt said: I reckon Bill Gates is buying us. Aye, we will be owned by Microsoft and the name will be changed to AFC Sheffield Keyboard Warriors 1 Link to comment Share on other sites More sharing options...
JOHNHARKES Posted June 23, 2019 Share Posted June 23, 2019 You cannot fault the commitment and time and effort big Dej puts into Wednesday. Honestly always thought he genuinely cares and tries to do the right thing. Whether this is to stave off FFP or put us on a clean slate to start again. You have to recognize the time he is putting in and yet more money being sunk in. All whilst spending time away from his family. The guy owes us nowt. Yes people will moan re ticket prices, kits ect but he has always come up with solutions to counteract these issues. 3 Link to comment Share on other sites More sharing options...
HirstWhoScoredIt Posted June 23, 2019 Share Posted June 23, 2019 8 hours ago, pazowl55 said: Why is it called financial fair play then? It’s not. profit and sustainability. Link to comment Share on other sites More sharing options...
Owl Capone Posted June 23, 2019 Share Posted June 23, 2019 Glad i've put me specs on now. At first glance i thought it said Sheffield Wednesday Hooligans LTD. Had visions of a board meeting with New chairman Tommo, Treasurer Sammy, and a board consisting of other people best described as characters. On the plus side the first motion passed would have been a posse visiting Gibson for a chat 2 Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 23, 2019 Share Posted June 23, 2019 9 hours ago, Owls-Fan said: That would be a major plot twist a debt for equity swap is often done in preparation for selling to another company It's what Mandaric did ! Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 23, 2019 Share Posted June 23, 2019 42 minutes ago, Kameron said: We don’t know for sure but it looks a mix of how Villa restructured and as Derby have done with their stadium. If it removes the FFP issues then that has to be a positive or why would DC bother doing anything? The fact that’s he’s being creative and at least trying to resolve our predicament suggests he wants to see this through, he could quite easily sit back take the punishment, I hope he’s got his enthusiasm back because clear off transfer restraints and a top manager we can have another go. If this gets us out of trouble for the next couple of seasons it may just buy enough time to see a rule change which will come before long, if not I think this will be challenged in the courts as it’s not fit for purpose. I concur that it does give that breathing space. Hopefully rather than Carte blanche to do it all again. Link to comment Share on other sites More sharing options...
daleblue Posted June 23, 2019 Share Posted June 23, 2019 9 hours ago, pazowl55 said: What because they realised it wasn't actually fair. Sounds absurd, but yes, that's why they changed it. Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted June 23, 2019 Share Posted June 23, 2019 29 minutes ago, Owl Capone said: Glad i've put me specs on now. At first glance i thought it said Sheffield Wednesday Hooligans LTD. Had visions of a board meeting with New chairman Tommo, Treasurer Sammy, and a board consisting of other people best described as characters. On the plus side the first motion passed would have been a posse visiting Gibson for a chat Not much difference in a board of directors and gang of hoolies. Wanna be alpha males playing it out in their own social classes. Probably have more in common than they realise. Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted June 23, 2019 Share Posted June 23, 2019 11 hours ago, casbahowl said: Boogaloo shoes! Wrong "Tread".......... 2 Link to comment Share on other sites More sharing options...
big_al1985 Posted June 23, 2019 Share Posted June 23, 2019 It's interesting how we've made this work, the ground is in the books for c23m... so it needs to have sold for what, 40m, to make enough profit to assist ffp. (hopefully someone will correct me if I'm wrong here) I'm guessing it must have been valued on an investment basis with us as tenant, Leeds used to pay 2m, that means we're going to have to pay upwards of that and with a pretty generous yield calculation to get anywhere near 40m. Sure they'll be a meltdown when everyone sees a wacking big rent through next years books!! Of course, I could be completely wrong!! Link to comment Share on other sites More sharing options...
dorian gray Posted June 23, 2019 Share Posted June 23, 2019 22 hours ago, TrickyTrev said: Bin Ladens?? could be, but would we risk that? would people think we were shitholes? Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 23, 2019 Share Posted June 23, 2019 (edited) Without getting all technical the stadium will be valued on a depreciated replacement cost basis. So you work out the cost of rebuilding to the same specification then depreciate it based on number of years left of it's useful life. So you are not using rental yield or how much you could sell if for housing. It's the worth as a functioning football stadium. What you won't be able to do is just charge a peppercorn rent for S &P So the same rule that says DC can't sponsor the shirts for 10m would be invoked to substitute a market value rent for the purpose of the S & P calculation. The accounts can still have a £1 charge Edited June 23, 2019 by mkowl Link to comment Share on other sites More sharing options...
SiJ Posted June 23, 2019 Share Posted June 23, 2019 1 hour ago, mkowl said: I concur that it does give that breathing space. Hopefully rather than Carte blanche to do it all again. Indeed. A clean slate to hopefully atone for some of the previous mistakes. Link to comment Share on other sites More sharing options...
big_al1985 Posted June 23, 2019 Share Posted June 23, 2019 5 minutes ago, mkowl said: Without getting all technical the stadium will be valued on a depreciated replacement cost basis. So you work out the cost of rebuilding to the same specification then depreciate it based on number of years left of it's useful life. So you are not using rental yield or how much you could sell if for housing. It's the worth as a functioning football stadium. What you won't be able to do is just charge a peppercorn rent. So the same rule that says DC can't sponsor the shirts for 10m would be invoked to substitute a market value rent for the purpose of the S & P calculation. The accounts can still have a £1 charge Rebuilding to the same spec?? Well that's about 249 quid as a starting point then.. Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 23, 2019 Share Posted June 23, 2019 1 minute ago, SiJ said: Indeed. A clean slate to hopefully atone for some of the previous mistakes. I prefer to call them misjudgments Link to comment Share on other sites More sharing options...
dorian gray Posted June 23, 2019 Share Posted June 23, 2019 10 hours ago, pazowl55 said: Why is it called financial fair play then? for the same reason that speed cameras are only at accident hot spo…..OH! 1 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 23, 2019 Share Posted June 23, 2019 Just now, big_al1985 said: Rebuilding to the same spec?? Well that's about 249 quid as a starting point then.. Well that is the West Stand for sure I can't say I understand what the flip the valuer does. In my cynical mind it will be about being given a figure and then work backwards to get that answer. I have done work for too many farmers Link to comment Share on other sites More sharing options...
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