Quadzilla Posted July 11, 2019 Share Posted July 11, 2019 Are next year's accounts at 10 months or 12 months? Link to comment Share on other sites More sharing options...
shtommer Posted July 11, 2019 Share Posted July 11, 2019 Not sue why anyone is celebrating any of this, and giving Chansiri any credit for such a clever move. It's a last ditch way of solving problems that were completed self-imposed by a naive and reckless owner. We made a £2.5M profit after making £38M on the sale? So without the sale it would have been a £35M loss IN ONE YEAR?? That is a disgrace. 1 1 Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2019 Share Posted July 11, 2019 For the simple folk (like me) Can we spend this window? How long are we safe for? Many thanks, Mr Thicko. Link to comment Share on other sites More sharing options...
Mike Hunt Posted July 11, 2019 Share Posted July 11, 2019 6 minutes ago, shtommer said: Not sue why anyone is celebrating any of this, and giving Chansiri any credit for such a clever move. It's a last ditch way of solving problems that were completed self-imposed by a naive and reckless owner. We made a £2.5M profit after making £38M on the sale? So without the sale it would have been a £35M loss IN ONE YEAR?? That is a disgrace. Yeh get the Caskateers back 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 9 minutes ago, Quadzilla said: Are next year's accounts at 10 months or 12 months? To 31st July 2019, filed by April 2020 Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 12 minutes ago, Sham67 said: I'd have thought you'd paid that off long ago. Yep erm no Link to comment Share on other sites More sharing options...
WC1Owl Posted July 11, 2019 Share Posted July 11, 2019 (edited) 7 minutes ago, MarkS43Owl said: For the simple folk (like me) Can we spend this window? How long are we safe for? Many thanks, Mr Thicko. £21M loss in 2017-18 £3M profit in 2018-19 (approx) So we can make an £11M loss in 2019-20 without breaching FFP, very roughly. We're not going to be splashing the cash this season, and I think that if we're not there or thereabouts in January we'll need to sell someone like Reach. Edited July 11, 2019 by WC1Owl Link to comment Share on other sites More sharing options...
airborne_rat_of_s6 Posted July 11, 2019 Share Posted July 11, 2019 3 hours ago, WalthamOwl said: Imagine Gibson hearing the news we’ve sold the stadium for 38 million. Big fat middle digit at him and the EFL. 1 Link to comment Share on other sites More sharing options...
striker Posted July 11, 2019 Share Posted July 11, 2019 2 minutes ago, WC1Owl said: £21M loss in 2017-18 £3M profit in 2018-19 (approx) So we can make an £11M loss in 2019-20 without breaching FFP, very roughly. We're not going to be splashing the cash this season. Aren't those figures for 16/17 and 17/18, not sure 18/19 Is due yet. I'm reasonably sure DC would have been working to keep us within the FFP limit considering expected numbers from 18/19 accounts when due. For next season I.e 19/20 We will have a £2m profit from 17/18, most likely £20m loss or thereabouts for 18/19 plus what we do this year in our three year FFP cycle. Link to comment Share on other sites More sharing options...
teddybeararmy Posted July 11, 2019 Share Posted July 11, 2019 4 minutes ago, WC1Owl said: £21M loss in 2017-18 £3M profit in 2018-19 (approx) So we can make an £11M loss in 2019-20 without breaching FFP, very roughly. We're not going to be splashing the cash this season, and I think that if we're not there or thereabouts in January we'll need to sell someone like Reach. These are 17-18 accounts 15-16 9m loss 16-17 20m loss 17-18 3m profit So we can lose no more than 22m in the 18-19 accounts which end in a few weeks.as we have similar costs in this period we could do with selling someone be it player or manager Link to comment Share on other sites More sharing options...
billyblack Posted July 11, 2019 Share Posted July 11, 2019 33 minutes ago, mkowl said: No Unfortunately in accounts there is a world of difference between money going in and out of a bank account and whether that counts as revenue and expenditure Sorry I appreciate for folk this is all appears bjollocks but flip them it pays my mortgage Ok thanks for clarifying. So in essence this doesn't change that much anything as regards to our bottom line Link to comment Share on other sites More sharing options...
WC1Owl Posted July 11, 2019 Share Posted July 11, 2019 Ah, have I got my years mixed up. Sorry, I stand corrected! Link to comment Share on other sites More sharing options...
billyblack Posted July 11, 2019 Share Posted July 11, 2019 18 minutes ago, WC1Owl said: £21M loss in 2017-18 £3M profit in 2018-19 (approx) So we can make an £11M loss in 2019-20 without breaching FFP, very roughly. We're not going to be splashing the cash this season, and I think that if we're not there or thereabouts in January we'll need to sell someone like Reach. that was our scenario this January as well Link to comment Share on other sites More sharing options...
bigash_swfc Posted July 11, 2019 Share Posted July 11, 2019 Wonder if it's all or bust for Chansiri this season... Before he sells us for 1.3 billion Link to comment Share on other sites More sharing options...
bobness Posted July 11, 2019 Share Posted July 11, 2019 3 hours ago, hasthagotanycheese said: All joking aside it seems that DC has used some creative accounting to help swerve FFP, while it may seem a clever move this is akin to remortgaging your house with no backup available if it all goes belly up. If SB does go to Newcastle then DC must get the next managerial appointment absolutely right because if we dont get the promised land then we are up the creek without a paddle. Critical times. I disagree. Worst case scenario we find a buyer willing to buy the stadium for £68m! Link to comment Share on other sites More sharing options...
marcx666 Posted July 11, 2019 Share Posted July 11, 2019 5 minutes ago, bobness said: I disagree. Worst case scenario we find a buyer willing to buy the stadium for £68m! @Mycroft will buy it Link to comment Share on other sites More sharing options...
Guest Jack the Hat Posted July 11, 2019 Share Posted July 11, 2019 45 minutes ago, shtommer said: Not sue why anyone is celebrating any of this, and giving Chansiri any credit for such a clever move. It's a last ditch way of solving problems that were completed self-imposed by a naive and reckless owner. We made a £2.5M profit after making £38M on the sale? So without the sale it would have been a £35M loss IN ONE YEAR?? That is a disgrace. Is it a loss or is it that Chansiri has invested unsuccessfully. Years of no investment now we moan because we invest too much . Link to comment Share on other sites More sharing options...
trev Posted July 11, 2019 Share Posted July 11, 2019 Must be changes made to the FFP rules after Derby and us doing this. Glad we got this in now before the changes take place. Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2019 Share Posted July 11, 2019 To summarise; We are out of the embargo We can do deals We can't go crazy with fees/wages Still need to sell players So long as we have a bit of money to play with i'm happy. Link to comment Share on other sites More sharing options...
bobness Posted July 11, 2019 Share Posted July 11, 2019 1 hour ago, shtommer said: Not sue why anyone is celebrating any of this, and giving Chansiri any credit for such a clever move. It's a last ditch way of solving problems that were completed self-imposed by a naive and reckless owner. We made a £2.5M profit after making £38M on the sale? So without the sale it would have been a £35M loss IN ONE YEAR?? That is a disgrace. It's also not exactly rocket science to pick a sale figure that conveniently results in posting a profit. If that figure needed to be £48m, surely it just as easily could've been. Link to comment Share on other sites More sharing options...
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