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SWFC Accounts Published


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It's weird that the account documentation specifically pulls out attendance figures.

 

What is the relevance of this when the fans money doesnt pay for anything? 

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38 minutes ago, @owlstalk said:



Jim - HE HAS LITERALLY JUST GIVEN BARRY BANNAN AN INCREDIBLE PAYDAY CONTRACT
 

lol

 

 

 

That was before Moore arrived, wasn’t it? Besides he won’t be a Wednesday player for much longer IMO?

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1 minute ago, scott159 said:

Agh thanks for that. You reckon we should have some room to be under the £39m loss taking into account the 2020/21 period? 

Think we should be ok the wages for 2021 will be lower with no Fletcher, forrestieri etc and whilst the loss will be very big we'd be able to add back the lost income from covid. 

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7 minutes ago, mogbad said:

 

That's how I would interpret it.

Wont we be under the league 1 rules and not  P&S (FFP) next year and if (don't  laugh) were promoted P&S(FFP) will be reset at year one.

The EFL are saying we were only under FFP embargo till all our championship affairs were sorted out wages & accounts.

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The raft of big earners released these past two years have yet to be reflected in any accounts so hopefully the accounts going forward should be less frightening; particularly the ones for the current financial year.

 

 

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Brilliant. We’ve submitted the accounts to now hopefully have an embargo lifted, but now we’ll probably have another put on us because we’re basically a mess.

 

Happy Tuesday! 
 

😆

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What do all the numbers mean?

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1 minute ago, Teddy Nickelarse said:

The raft of big earners released these past two years have yet to be reflected in any accounts so hopefully the accounts going forward should be less frightening; particularly the ones for the current financial year.

 

 

 

 

Yes let's hope so
Would be great to have the club running in a sustainable way

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Owlstalk Shop

 

 

 

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my partner is an accountant in HK she claims 1.2 basically is a stock statement meaning money will be put in as a guarantor. I am just a teacher but she fully believes this, in short we are ok but its not ideal.

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1 minute ago, Teddy Nickelarse said:

The raft of big earners released these past two years have yet to be reflected in any accounts so hopefully the accounts going forward should be less frightening; particularly the ones for the current financial year.

 

 


Factor in that turnover will take a big hit in the years 20/21 and 21/22 though.

 

I think the losses in the next accounts will be higher than in these 

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1 minute ago, Teddy Nickelarse said:

The raft of big earners released these past two years have yet to be reflected in any accounts so hopefully the accounts going forward should be less frightening; particularly the ones for the current financial year.

 

 

Yes the wages similar between 2019 and 2020 as we got Rhodes back in 2020 (in 2019 accounts his cost financed by Norwich city loan) and Pais few million loyalty bonuses out.

 

Should drop significantly in 2021 accounts.

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Wages will have dropped in summer 2020 but just look at the wages we paid still last season. Some are just vile. 
 

and some of those still here now are on bonkers money for their ability levels. Wtf are Patterson doing on £17k, Palmer and Pulupessy £12k, Dawson £10k. Farcical 

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1 hour ago, areNOTwhatTHEYseem said:

It's hilarious and depressing at the same time that this is the news we've been waiting for all off-season!

 

What have we become?

 

:duntmatter:

Christ. I was watching a tent go up and down the pitch for a month when the Desso went down. 

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Just now, pat blondeau said:


Factor in that turnover will take a big hit in the years 20/21 and 21/22 though.

 

I think the losses in the next accounts will be higher than in these 

 

You are allowed to add those losses back in for 2020 / 2021 so they don't "technically" count both years will also be combined for FFP so I think as long as funding is put in by DC we are going to be ok

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2 minutes ago, bazapeps said:


 

and some of those still here now are on bonkers money for their ability levels. Wtf are Patterson doing on £17k, Palmer and Pulupessy £12k, Dawson £10k. Farcical 

 

 


You'd be GUTTED if you were Wildsmith

 

 

 


 


Owlstalk Shop

 

 

 

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Suddenly looks very decent.

 

Should be able to spend up there with the top sides but we badly need to regain our Championship status 1st attempt.

Expect we can pay a lot for Prem loans in L1 that others maybe besides Ipswich can do.

Moore must also have been given assurances, these accounts back that up.

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Well done everybody at the club for their work in getting these accounts out which should hopefully mean the embargo is lifted and give Darren Moore the opportunity to now bring in the players that can hopefully help us avoid a second relegation.

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"The best poster on Owlstalk by far" - Kaven Walker

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