Hitcat Posted June 22, 2019 Share Posted June 22, 2019 We're riiiiiccchhhhhhhhhhhh 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 22, 2019 Share Posted June 22, 2019 18 minutes ago, Hitcat said: We're riiiiiccchhhhhhhhhhhh Well not if we have simply converted loans to shares Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted June 22, 2019 Share Posted June 22, 2019 So what does it all mean? Link to comment Share on other sites More sharing options...
The Batman Posted June 22, 2019 Share Posted June 22, 2019 (edited) 19 minutes ago, mkowl said: Well not if we have simply converted loans to shares You wot mate? I've already had "Mbappe" put on a shirt. Gonna gave to just pretend I'm a Hanson fan now. Edited June 22, 2019 by The Batman 6 Link to comment Share on other sites More sharing options...
TrickyTrev Posted June 22, 2019 Share Posted June 22, 2019 6 minutes ago, Mycroft said: So what does it all mean? I’m not sure but this is Magiures take on it... 1 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted June 22, 2019 Share Posted June 22, 2019 6 minutes ago, TrickyTrev said: I’m not sure but this is Magiures take on it... Thanks but none the wiser 3 Link to comment Share on other sites More sharing options...
Sonny Posted June 22, 2019 Share Posted June 22, 2019 12 minutes ago, TrickyTrev said: I’m not sure but this is Magiures take on it... Loves a bit of drama, this guy. He’s no better idea than anyone else at this stage but apparently we did this to pay the bills over the summer (and so all that implies). Fancy that. Link to comment Share on other sites More sharing options...
pahowl Posted June 22, 2019 Share Posted June 22, 2019 None of this affects P&S losses and whether we have breeched the rules. However it may be a request from EFL to convert some of the loans due to Mr Chansiri for money ALREADY spent into share capital. That way the borrowings are reduced, Link to comment Share on other sites More sharing options...
pahowl Posted June 22, 2019 Share Posted June 22, 2019 In respect of Sheffield Wednesday Holdings Limited , it is not registered in Thailand either. The accounts (when published) should show the parent company and its place of registration Link to comment Share on other sites More sharing options...
yeadonowl Posted June 22, 2019 Share Posted June 22, 2019 2 minutes ago, pahowl said: None of this affects P&S losses and whether we have breeched the rules. However it may be a request from EFL to convert some of the loans due to Mr Chansiri for money ALREADY spent into share capital. That way the borrowings are reduced, Thought the whole idea of P&S was to reduce accumulated annual loss? Isn’t DC just manoeuvring figures on the balance sheet with a conversion of debt to equity? wouldnt we still need to dispose of an asset - either player or fixed asset - to reduce loss for P&S purposes 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted June 22, 2019 Share Posted June 22, 2019 From my limited understanding. I didn’t think that new ownership or investment made any difference to FFP given that most of the losses have already taken place? Otherwise owners would just write off losses very easily and go again? sales of assets/players seems to be the focus? 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted June 22, 2019 Share Posted June 22, 2019 17 minutes ago, pahowl said: None of this affects P&S losses and whether we have breeched the rules. However it may be a request from EFL to convert some of the loans due to Mr Chansiri for money ALREADY spent into share capital. That way the borrowings are reduced, That’s what I was thinking and funnily enough this is how p&s should work. Owners should be able to spend as long as they do not loan the money and leave the club high and dry. Link to comment Share on other sites More sharing options...
Bluesteel Posted June 22, 2019 Share Posted June 22, 2019 21 minutes ago, Sonny said: Loves a bit of drama, this guy. He’s no better idea than anyone else at this stage but apparently we did this to pay the bills over the summer (and so all that implies). Fancy that. Everything has a negative slant. His stance is that the clubs agreed these rules and should play by them. But neither DC nor Morris were in control of their clubs when the rules were “agreed”. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 (edited) 16 minutes ago, yeadonowl said: Thought the whole idea of P&S was to reduce accumulated annual loss? Isn’t DC just manoeuvring figures on the balance sheet with a conversion of debt to equity? wouldnt we still need to dispose of an asset - either player or fixed asset - to reduce loss for P&S purposes So Yeadon, I'm not a very quick learner. However, I have just borrowed £15K from Wonga, I do so hate debt, what do I do to convert my £15K Wonga debt into equity ? Edited June 22, 2019 by nevthelodgemoorowl 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted June 22, 2019 Share Posted June 22, 2019 18 minutes ago, yeadonowl said: Thought the whole idea of P&S was to reduce accumulated annual loss? Isn’t DC just manoeuvring figures on the balance sheet with a conversion of debt to equity? wouldnt we still need to dispose of an asset - either player or fixed asset - to reduce loss for P&S purposes Simple answer Yes Link to comment Share on other sites More sharing options...
vulva Posted June 22, 2019 Share Posted June 22, 2019 Just now, nevthelodgemoorowl said: Generating everything but an answer, go on then Vulva, you have a go ? What, at running the country? I’ve got a BBQ to sort, not got time at the minute. Anyway, that Socialist Worker mob on the Moor is the best advert for Capitalism. They look like they’ve been dug up. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 2 minutes ago, mkowl said: Yep when do I start I thought you had. Link to comment Share on other sites More sharing options...
Ever the pessimist Posted June 22, 2019 Share Posted June 22, 2019 For those of us with zero idea of finance, is this good, bad or indifferent news? Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 22, 2019 Share Posted June 22, 2019 So when the Banks crashed why not just convert the humongus debt into Equity. Seems a simple solution to say it HTF do you do it that's my question. Still unanswered. Link to comment Share on other sites More sharing options...
vulva Posted June 22, 2019 Share Posted June 22, 2019 3 minutes ago, Ever the pessimist said: For those of us with zero idea of finance, is this good, bad or indifferent news? If we go up it’s a brilliant idea. Link to comment Share on other sites More sharing options...
Recommended Posts