DesWalker Posted July 11, 2019 Share Posted July 11, 2019 Just now, Quadzilla said: Why would we write off contracts? You amortize (write off the cost of the player over the period of his contract). Taking round numbers - Rhodes cost 8m on 4yr deal = 2m amortization per year 2 Link to comment Share on other sites More sharing options...
swfctc1 Posted July 11, 2019 Share Posted July 11, 2019 16 minutes ago, owls maniac said: Wouldnt go that far. It's the result of terrible mismanagement that has led us to this. Yes by Carlos the effing clown Link to comment Share on other sites More sharing options...
matthefish2002 Posted July 11, 2019 Share Posted July 11, 2019 Sold stadium to get us out of a hole of FFP. What happens if we dont go up in next couple of seasons? 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted July 11, 2019 Share Posted July 11, 2019 Fair play to DC for raising the funds and doing what needed to be done. If he wasn’t committed now would be the time to sell or even worse, simply bail. But please, let’s learn from this and find a way to challenge a little more sustainably through buying at the right time/age and selling also. Link to comment Share on other sites More sharing options...
NeonLeon Posted July 11, 2019 Share Posted July 11, 2019 Just now, matthefish2002 said: Sold stadium to get us out of a hole of FFP. What happens if we dont go up in next couple of seasons? FFP will look very different by then you’d have to think. Link to comment Share on other sites More sharing options...
daveyboy66 Posted July 11, 2019 Share Posted July 11, 2019 Just now, matthefish2002 said: Sold stadium to get us out of a hole of FFP. What happens if we dont go up in next couple of seasons? You can start slagging the club off all over again 6 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 11, 2019 Share Posted July 11, 2019 2 minutes ago, pazowl55 said: This is fantastic news that's gets us out of a hole and puts us in a good mood. But was it released today on purpose to soften the blow of what's about to happen. Unfortunately I think it might have been. Basically we are in the more unless we bring in some decent fees in the 2019 accounts Link to comment Share on other sites More sharing options...
StudentOwl Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, swfctc1 said: Yes by Carlos the effing clown This can't and shouldn't be pinned on one person. There are many interested parties. £10m written off in contracts though. As an aside, what financial year did we reportedly sever ties with Doyen? Link to comment Share on other sites More sharing options...
teddybeararmy Posted July 11, 2019 Share Posted July 11, 2019 11 minutes ago, Minton said: That is last season's accounts, we have lost a huge chunk of that with the departures of Hooper, Abdi, Boyd, Matias, Jones and Pudil. They are 17/18 accounts,we still have another year of accounts with the above in 1 Link to comment Share on other sites More sharing options...
matthefish2002 Posted July 11, 2019 Share Posted July 11, 2019 Just now, daveyboy66 said: You can start slagging the club off all over again What part of my question was slagging off the club? Link to comment Share on other sites More sharing options...
S36 OWL Posted July 11, 2019 Share Posted July 11, 2019 29 minutes ago, southportdc said: £38m has passed FFP? Jesus. FFP is an utter joke , as we have just proved. Link to comment Share on other sites More sharing options...
osowl Posted July 11, 2019 Share Posted July 11, 2019 3 minutes ago, wellbeaten-the-owl said: Those players only just left and the accounts are to July 2018, their wages etc will still be in July 2019 accounts ... Worrying for next year! by next year though we will have a year of better accounts to show the progression so we wont get embargo unless the club dont keep to the plan Link to comment Share on other sites More sharing options...
thewookieisdown Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, StudentOwl said: This can't and shouldn't be pinned on one person. There are many interested parties. £10m written off in contracts though. As an aside, what financial year did we reportedly sever ties with Doyen? Why people believe the manager was negotiating transfers and contracts is beyond me Link to comment Share on other sites More sharing options...
S36 OWL Posted July 11, 2019 Share Posted July 11, 2019 3 minutes ago, matthefish2002 said: Sold stadium to get us out of a hole of FFP. What happens if we dont go up in next couple of seasons? We sell the training ground to DC . 7 Link to comment Share on other sites More sharing options...
southportdc Posted July 11, 2019 Share Posted July 11, 2019 3 minutes ago, matthefish2002 said: Sold stadium to get us out of a hole of FFP. What happens if we dont go up in next couple of seasons? Dejphon sells Hillsborough to the club for £1. We sell Hillsborough to DStadia for £75m 5 Link to comment Share on other sites More sharing options...
Minton Posted July 11, 2019 Share Posted July 11, 2019 2 minutes ago, wellbeaten-the-owl said: Basically we are in the more unless we bring in some decent fees in the 2019 accounts Like perhaps the rest of the money from the stadium sale or share issues? There will be a reason why the accounts have been so late, quite possibly creatively structuring them for the next accounting period Link to comment Share on other sites More sharing options...
briggowl Posted July 11, 2019 Share Posted July 11, 2019 30 minutes ago, alanharper said: I'm no expert but does that mean we've sold the stadium for £38m? No It looks like the tangible fixed assets have dropped by around £60m so I'm guessing that's mainly the stadium. Although have we sold other assets? Link to comment Share on other sites More sharing options...
billyblack Posted July 11, 2019 Share Posted July 11, 2019 13 minutes ago, StudentOwl said: MK, please no, don't do this to me. You're saying that our operating losses over the last 3 years have gone (roughly and from probably bad memory), ~£12m, ~£18m, ~£25m? Its ok. DC knows what hes doing 1 Link to comment Share on other sites More sharing options...
pazowl55 Posted July 11, 2019 Share Posted July 11, 2019 Apparently the Premier League are thinking of scrapping FFP. Wouldn't surprise me if the football League looked into theres aswell. Link to comment Share on other sites More sharing options...
billyblack Posted July 11, 2019 Share Posted July 11, 2019 4 minutes ago, S36 OWL said: FFP is an utter joke , as we have just proved. As uis our business acumen Link to comment Share on other sites More sharing options...
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