wellbeaten-the-owl Posted January 15, 2020 Share Posted January 15, 2020 (edited) 6 minutes ago, mkowl said: Well that is how I would be accounting for it - its basically an interest free loan until we get promoted and then you would allocate as income once the condition is fulfilled. So hardly going to impact on revenue in the FFP calcs unless we are getting Bob's magic calculator out It would be truly worrying if this was for cash flow reasons But if it's not going to benefit FFP if it's not cashflow - what is the point of it. Going to see how many clients will pay my fees 10 years up front Problem is the condition of promotion is not when you start to benefit is from next year's ticket, then how do you factor in the right to sell the ticket back to the club in any given year if you choose to? Also your clients would pay for 10 years and get their next 15 years minimum inclded Edited January 15, 2020 by wellbeaten-the-owl Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 15, 2020 Share Posted January 15, 2020 42 minutes ago, Costello 77 said: Mk.. I had accountants for a reason.. can you do a "layman's"? Well I guess you understand that a season ticket for the 20/21 season paid for now - is allocated accounting wise to those accounts not this years. A 3 year season ticket over 3 seasons - to get technical that is not necessarily ÷ by 3 as you can go all fancy with net present value calcs This one the complication is when do you start the 10 year allocation. Is it really a loan. You have to follow the technical guidance on this (FRS 102) but good luck on working this out Link to comment Share on other sites More sharing options...
sherlyegg Posted January 15, 2020 Share Posted January 15, 2020 Seems like a very good deal to me, assuming you have 5 or 6k burning a hole in ya pocket. If you haven't then you wont get one, if you have but don't want one, don't get one. But for the club, sombody's up to summat...or needs a big bung sharpish. Don't forget prem clubs could let fans in for free and it wouldn't make a dent in the mega bucks on offer....someone once told me Link to comment Share on other sites More sharing options...
Owlinator Posted January 15, 2020 Share Posted January 15, 2020 9 minutes ago, wellbeaten-the-owl said: Because of bonus years if promoted in next 5 years if you buy one of these you get a minimum of 15 years season ticket For example in promoted is in: Year 1 get 10 years plus 5 bonus = total 15 years tickets Year 2 get year 1 in championship then 10 years plus 4 bonus = 15 years tickets Year If not promoted until 6 years then get next 6 years plus 10 years = 16 years season tickets After 7 years would be 17 years tickets included..... So if we never went up 25 year season ticket ?? 15 years plus 10 free?? Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 15, 2020 Share Posted January 15, 2020 5 minutes ago, rickygoo said: It’ll make the FFP figures worse won’t it - assuming it’s current ST holders who take it up. Surely that means it is most likely to be cash flow related. Ironically yes I can see that If the latter then well make your own judgement. Its effectively an unsecured loan to a company that has just transferred out it's only tangible asset of value. Link to comment Share on other sites More sharing options...
Costello 77 Posted January 15, 2020 Share Posted January 15, 2020 Just been reading the thread back.. I was going to pm mcrightside and binkie.. but I think it's fairer that my apology for being boorish and slightly aggressive be made public... sorry lads. 1 Link to comment Share on other sites More sharing options...
REDOWL Posted January 15, 2020 Share Posted January 15, 2020 I wonder if Chansiri would consider a discount to those that have been putting hard earned cash into the mighty Wednesday for fifty plus years......but obviously he wants more from us. 1 Link to comment Share on other sites More sharing options...
upperwinngardensowl Posted January 15, 2020 Share Posted January 15, 2020 Just the usual mental approach to pricing. surprised anyone is actually surprised. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted January 15, 2020 Share Posted January 15, 2020 Just now, Owlinator said: So if we never went up 25 year season ticket ?? 15 years plus 10 free?? In theory if we didn't go up for 20 years it would be a 30 year season ticket Link to comment Share on other sites More sharing options...
Costello 77 Posted January 15, 2020 Share Posted January 15, 2020 6 minutes ago, mkowl said: Well I guess you understand that a season ticket for the 20/21 season paid for now - is allocated accounting wise to those accounts not this years. A 3 year season ticket over 3 seasons - to get technical that is not necessarily ÷ by 3 as you can go all fancy with net present value calcs This one the complication is when do you start the 10 year allocation. Is it really a loan. You have to follow the technical guidance on this (FRS 102) but good luck on working this out The "loan" would be a mortgage in this matter without security... surely? Link to comment Share on other sites More sharing options...
Owlinator Posted January 15, 2020 Share Posted January 15, 2020 2 minutes ago, wellbeaten-the-owl said: In theory if we didn't go up for 20 years it would be a 30 year season ticket How can this be good for the club. Its crazy. Link to comment Share on other sites More sharing options...
sherlyegg Posted January 15, 2020 Share Posted January 15, 2020 How many do you think we will sell...would we ever find out? Could DC's mate buy a 1000 or so, then sell em back next year...or the year after etc Link to comment Share on other sites More sharing options...
Costello 77 Posted January 15, 2020 Share Posted January 15, 2020 1 minute ago, 2roland2 said: grumpy rascal You wouldn't believe how chilled am.. Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted January 15, 2020 Share Posted January 15, 2020 I get in for free anyway ... More the merrier n that ... 1 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted January 15, 2020 Share Posted January 15, 2020 4 minutes ago, mkowl said: Ironically yes I can see that If the latter then well make your own judgement. Its effectively an unsecured loan to a company that has just transferred out it's only tangible asset of value. Why would you wait for promotion to start allocation though? In essence the club is selling the right to a free season ticket until the later of 15 years from purchase or 10 years from the date the club is first promoted to the premier League. You are also giving the purchaser the right to "sell" any of those free tickets back to the club in any year at 1/10 of the purchase cost (less administration charge) Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 15, 2020 Share Posted January 15, 2020 4 minutes ago, Costello 77 said: The "loan" would be a mortgage in this matter without security... surely? As I say accounting wise they will have to rewrite the technical guidance. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted January 15, 2020 Share Posted January 15, 2020 3 minutes ago, sherlyegg said: How many do you think we will sell...would we ever find out? Could DC's mate buy a 1000 or so, then sell em back next year...or the year after etc Also says an individual is not limited to 1 purchase....... Link to comment Share on other sites More sharing options...
Costello 77 Posted January 15, 2020 Share Posted January 15, 2020 Just now, 2roland2 said: The big problem is we are stuck because who would buy us with all, the forward season ticket sales accounted for? Even before this idea? That’s not taking I to account t how badly the commercial department in general looks If he doesn’t get us success and I will stick out my neck and say this year. We are well and truly up the creek without a paddle. Have a big spliff and pretend you support Barcelona and Blondie's licking your d*ck... it'll get you through the night.. Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 15, 2020 Share Posted January 15, 2020 1 minute ago, wellbeaten-the-owl said: Why would you wait for promotion to start allocation though? In essence the club is selling the right to a free season ticket until the later of 15 years from purchase or 10 years from the date the club is first promoted to the premier League. You are also giving the purchaser the right to "sell" any of those free tickets back to the club in any year at 1/10 of the purchase cost (less administration charge) The fact you could sell this back adds a layer of further complexity to this in truth Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 15, 2020 Share Posted January 15, 2020 5 minutes ago, 2roland2 said: The big problem is we are stuck because who would buy us with all, the forward season ticket sales accounted for? Even before this idea? That’s not taking I to account t how badly the commercial department in general looks If he doesn’t get us success and I will stick out my neck and say this year. We are well and truly up the creek without a paddle. Jeez imagine doing the due diligence and financial projections with this curve ball to factor in Link to comment Share on other sites More sharing options...
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