S36 OWL Posted June 24, 2020 Share Posted June 24, 2020 3 minutes ago, hirstyboywonder said: Nothing dodgy with being a year behind - company accounts are filed in the year after they are accounted for, as per my previous post. The case is in relation to us backdating the sale of the stadium to the 2017-18 accounting year when the EFL think it should have been attributed to 2018-19. All DC has to do is find the receipt he wrote to himself for the stadium sale in 2018. Surely can't be too hard. Link to comment Share on other sites More sharing options...
Guest Posted June 24, 2020 Share Posted June 24, 2020 2 minutes ago, S36 OWL said: All DC has to do is find the receipt he wrote to himself for the stadium sale in 2018. Surely can't be too hard. Well the one he passed on to the certified accountants to do their things was seemingly acceptable...... Link to comment Share on other sites More sharing options...
WalthamOwl Posted June 24, 2020 Share Posted June 24, 2020 2 minutes ago, hirstyboywonder said: Well the one he passed on to the certified accountants to do their things was seemingly acceptable...... well we will soon see if that is the case. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted June 24, 2020 Share Posted June 24, 2020 Whatever happened to business accounts being within an issue of commercial sensitivity. That's what Mr Taylor used to say when we asked to see the books to ask where has all the money gone 1 Link to comment Share on other sites More sharing options...
Guest Posted June 24, 2020 Share Posted June 24, 2020 Just now, WalthamOwl said: well we will soon see if that is the case. Indeed we will, but it was acceptable at the level of certified audited accounts. Link to comment Share on other sites More sharing options...
alanharper Posted June 24, 2020 Share Posted June 24, 2020 4 minutes ago, hirstyboywonder said: Pretty much spot on with the figures but the years are wrong - the 2017-18 accounts were the ones which the ground sale has been included in - a £2.5M profit that year, the £20.7M loss was in the 2016-17 accounts and the accounts due this year are for 2018-19. The profit on the stadium sale was recorded as £38M so the actual loss would have been around £35M The Wickham loan won't be in the next accounts as they are a year behind, but nor will the sale of Joao. I would imagine some of the players released in the summer of 2018 will have helped reduce the losses compared to 2017-18 but with no significant sales I think it will be a big surprise if the loss is less than £25M - this will take us just over the limit but if it is over £30M then we will be significantly over the limit and that will see us in trouble again as you suggest. We will know soon enough. Yeah, I was going on which seasons the accounts are actually released, so the imminent ones will cover the year 18/19 but are released at the end of season 19/20 and any punishment will take effect from then. So as you say they won't actually even include the Joao sale and will still have Abdi, Jones, Hooper and Boyd's wages. I just can't see how we can have made enough of a reduction in the wage bill to bring it down to an acceptable level, I think we sold Hunt in that year and may have got a loan fee from Norwich for Rhodes and some of his wages covered but that's just nowhere near enough. Unless all the wage bill was slashed that season because all the players saw a big drop in their win and "play aggressive attacking football" bonuses Link to comment Share on other sites More sharing options...
Guest Posted June 24, 2020 Share Posted June 24, 2020 2 minutes ago, alanharper said: Yeah, I was going on which seasons the accounts are actually released, so the imminent ones will cover the year 18/19 but are released at the end of season 19/20 and any punishment will take effect from then. So as you say they won't actually even include the Joao sale and will still have Abdi, Jones, Hooper and Boyd's wages. I just can't see how we can have made enough of a reduction in the wage bill to bring it down to an acceptable level, I think we sold Hunt in that year and may have got a loan fee from Norwich for Rhodes and some of his wages covered but that's just nowhere near enough. Unless all the wage bill was slashed that season because all the players saw a big drop in their win and "play aggressive attacking football" bonuses Yep, the likes of Loovens and Wallace will have been on a decent wage which might have saved around £2M or so and as you say we could well have saved a similar amount from Rhodes loan but we probably need to have found another £5-£10M behind one of the golden elephants! Link to comment Share on other sites More sharing options...
Shetland Owl Posted June 24, 2020 Share Posted June 24, 2020 out of interest how much do we save on wages for FF, Fletcher, Hutch, Fox and Winnall Link to comment Share on other sites More sharing options...
Sergeant Tibbs Posted June 24, 2020 Share Posted June 24, 2020 6 hours ago, The_Limit_Owl said: Here’s a question, if the EFL dropped all charges, and were then found to have misled DC and the club and were forced to apologise for wasting everyone’s time, would folk still want DC out of the club? I still wouldn’t trust him to run an ice cream van. I wouldn’t mind him still owning it so long as he put someone in place who knew how to run a business and he took a back seat. Link to comment Share on other sites More sharing options...
Smog Posted June 24, 2020 Share Posted June 24, 2020 (edited) 7 minutes ago, Shetland Owl said: out of interest how much do we save on wages for FF, Fletcher, Hutch, Fox and Winnall Not seen any exact figures but even at an average of 5k a week, which would be considered low, would be £1.3million edit: then again if this can be believed it could be around £5,148,000. https://sillyseason.com/salary/sheffield-wednesday-players-salaries-126820/ Edited June 24, 2020 by Smog Link to comment Share on other sites More sharing options...
alanharper Posted June 24, 2020 Share Posted June 24, 2020 4 minutes ago, Shetland Owl said: out of interest how much do we save on wages for FF, Fletcher, Hutch, Fox and Winnall Probably somewhere around £100k pw I'd have thought. But we'll still need to sign replacements for them in the squad, and these reductions won't affect the accounts for another couple of years. Even then we've still got Rhodes, Bannan, Lees, Westwood, probably Reach on big money contracts for another year. Link to comment Share on other sites More sharing options...
whatdial Posted June 24, 2020 Share Posted June 24, 2020 8 minutes ago, Shetland Owl said: out of interest how much do we save on wages for FF, Fletcher, Hutch, Fox and Winnall I reckon £4-£5m a year across them lot 1 Link to comment Share on other sites More sharing options...
Smog Posted June 24, 2020 Share Posted June 24, 2020 (edited) [deleted] Edited June 24, 2020 by Smog 1 Link to comment Share on other sites More sharing options...
Smog Posted June 24, 2020 Share Posted June 24, 2020 6 minutes ago, Smog said: Not seen any exact figures but even at an average of 5k a week, which would be considered low, would be £1.3million edit: then again if this can be believed it could be around £5,148,000. https://sillyseason.com/salary/sheffield-wednesday-players-salaries-126820/ 1 minute ago, alanharper said: Probably somewhere around £100k pw I'd have thought. But we'll still need to sign replacements for them in the squad, and these reductions won't affect the accounts for another couple of years. Even then we've still got Rhodes, Bannan, Lees, Westwood, probably Reach on big money contracts for another year. 1 minute ago, whatdial said: I reckon £4-£5m a year across them lot the website I quoted must seem about right then Link to comment Share on other sites More sharing options...
oldishowl Posted June 24, 2020 Share Posted June 24, 2020 9 minutes ago, Sergeant Tibbs said: I still wouldn’t trust him to run an ice cream van. I wouldn’t mind him still owning it so long as he put someone in place who knew how to run a business and he took a back seat. They don’t have a back seat, he would be sat with the lollies Link to comment Share on other sites More sharing options...
Musn't Grumble Posted June 24, 2020 Share Posted June 24, 2020 On 23 June 2020 at 16:04, OWLERTON GHOST said: Hows it going mate ok? Fine thanks! You ok? 1 Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted June 24, 2020 Share Posted June 24, 2020 1 minute ago, Musn't Grumble said: Fine thanks! You ok? Yeah Musn't Grumble ...... 1 5 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted June 24, 2020 Share Posted June 24, 2020 5 minutes ago, OWLERTON GHOST said: Yeah Musn't Grumble ...... Whey heay 2 Link to comment Share on other sites More sharing options...
pazowl55 Posted June 24, 2020 Share Posted June 24, 2020 3 minutes ago, OWLERTON GHOST said: Yeah Musn't Grumble ...... Anybody would think you set that up. Careful though they may Ghost you in future. 1 1 Link to comment Share on other sites More sharing options...
Sergeant Tibbs Posted June 24, 2020 Share Posted June 24, 2020 13 minutes ago, oldishowl said: They don’t have a back seat, he would be sat with the lollies He’d give all the ice cream away and then go to Tesco and buy more for twice as much as he paid for the first batch. 2 Link to comment Share on other sites More sharing options...
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