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If you can’t be bothered working through the accounts, there’ll soon be a few Mag fanzines that will give a detailed analysis![]()
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If you can’t be bothered working through the accounts, there’ll soon be a few Mag fanzines that will give a detailed analysis![]()
Another embarrassing post by yourselfDunno why people get tetchy, it’s no your money.
All we can ever do is hope they have ambition to match the ambitious fans, not those ones that are happy to roll around the league cos we were in league one a few years back ya knaaa
The sale is booked in one lump sum for profit and loss reasons, even if the cash is received over several years.Little tricky to work out the sales and buys from the exact dates that form the 23/24 financial year. (01 August 2023 to 31 July 2024.) But it does make you think we're only about 1 sale from breaking even that year, and a year on, we have a lot more saleable players on the books.
Certainly heading in the right direction.
Will be interesting to see how this current year, ending 31 July 2025 works out with the £18m or so for the Clarke sale. And also if these things are booked in one lump, or spread over 3-4 years?
If so, there could be a time lag before we see real benefits.
They’re posted slightly early but nothing massive. Accounts are due 9 months after the end of the accounting periodWhy are they out now and not May, or have they changed it?
She must be down South with a computer.GOM will be foaming at this upstart
Imagine if I'd been able to get the full home kit for the bairn at Christmas during this period.....or book a tour.Obviously the adults using kids tickets for home games are to blame
Biggest thing I can see from my skim is the massive revaluation done on the SOL putting it at over £300 Million, less depreciation adjusted, works out £80 million increase in asset value. This will help the secure some very large loans against the company if required.
There will be lots of people on Facebook pages - who have absolutely zero knowledge or experience in management of a large company, nor any accounting or financial expertise - shouting about KLD 'pocketing cash' and not spendingLost £8M. There'll still be some saying the shareholders are milking the club.
There's people on here who claim these accounts the club released are fiddled and fake.There will be lots of people on Facebook pages - who have absolutely zero knowledge or experience in management of a large company, nor any accounting or financial expertise - shouting about KLD 'pocketing cash' and not spending![]()
Worth the money for the new lighting system then.Biggest thing I can see from my skim is the massive revaluation done on the SOL putting it at over £300 Million, less depreciation adjusted, works out £80 million increase in asset value. This will help the secure some very large loans against the company if required.
So clubs who aren’t financially sound don’t sign players, is that right?Donno why people don't understand why its important.
Want to sign good players? Being financially sound is how that happens.
People are stupid. Stupid people never realise they’re stupid.There will be lots of people on Facebook pages - who have absolutely zero knowledge or experience in management of a large company, nor any accounting or financial expertise - shouting about KLD 'pocketing cash' and not spending![]()
Nice summary. It’s effectively what Chelsea have done, until they were forced to cap it at 5 yearsIt's worth highlighting how player transfers are calculated for the purposes of the accounts.
Let's say you sign a player for £10m on a 5-year contract.
In your profit and loss accounts it *does not matter* whether you pay that £10m in one lump sump, over 2 years, 5 years or whatever, the cost is calculated the same way in your accounts - it is spread over the length of the contract.
So every year for the next 5 years that player is a "loss" of £2m in the accounts. After 1 year you've "lost" £2m, after 2 years you've lost £4m and so on. If his contract simply runs down then at the end of the 5 years you've lost the £10m you paid.
If you sell that player, the profit or loss is calculated based on his value at that time, using the same calculation.
So if we sell our £10m signing who had a 5-year contract after 3 years, his value at that point is £4m - his value dropped by £2m every year for 3 years so he's now worth £4m.
That means if we now sell him for £7m, which is £3m less than what we paid for him, in that year's accounts the transfer will still represent a "profit" of £3m.
Of course while the transfer is a £3m profit in that particular year, there are still 3 years worth of £2m losses, so overall it does show as a £3m loss when you add up the accounts for each year.
This is why clubs are so keen to sell academy players - because they haven't paid a fee for them, whatever they get is pure profit.
Is it just me or were they scanned on a 90’s fax machine?
Donno why people don't understand why its important.
Want to sign good players? Being financially sound is how that happens.
Cos it’s not possible to bank roll a club and have big losses like you could in the past. Get with the times.
Another embarrassing post by yourself
There are people sat right now with an Abacus trying to work it all outThere's people on here who claim these accounts the club released are fiddled and fake.