Abu Dhabi Red and White
Striker
Who forwarded questions?
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The 2018/19 accounts - the Grumpy take
- Thread starter Grumpy Old Man
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Lord Alfred
Striker
Norwich were close to administration until they sold Maddison......look at them now.
kildaremackem
Striker
yes thats it, thats the stucture thay has been there for years...and both were owned by drumaville, but now drumaville is gone, and madrox owns the club, with madrox owed by sjd leisure, and juans company, and 6 per cent by charlie. they dont weant to own assets personally for tax and other reasons, eveything through a company.
Ale taster
Striker
Only a matter of time I suspect.
Grumpy Old Man
Striker
Correct!
Abu Dhabi Red and White
Striker
Couldn't find that user name.
Grumpy Old Man
Striker
I've already mentioned it to RAWA and RR. It's potentially sensitive, so probably best to be done through established channels of communication.
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Scimmy
Striker
To be brutally frank, that's Donald's and Methven's and the Uruguayan's business only. The club is privately owned by them and they do not have to answer impertinent questions.
Abu Dhabi Red and White
Striker
Hi Frank. I hope impertinent questions will not be submitted. Stewie has said that he will be transparent with the fans so fair questions should be answered.
Guinness Guzzler
Striker
Not really, they are always going on about how they are doing the best for the club, want to be totally transparent etc. I'm sure in this case it's nothing to worry about at all but to suggest it's all just their business if they're taking money out of the club to give to another business is ridiculous. This kind of thing is exactly why there are groups like the red and white army, to ask questions of the owners that aren't unreasonable. Yes, legally they don't have to answer, but there's absolutely nothing wrong with supporters wanting to know what the money was taken out for. They're always saying we need to attend in numbers, they have an expected attendance figure and anything over is a bonus - the circa 10000 extra fans for Bradford will have added about £200k, it's not unreasonable to ask, if that money is vital and they're always talking about cash flow, why 50 times that amount was taken from the club (which they always stress is "ours").
Again, I'm sure there's nothing strange about it, but if we had unscrupulous owners who systematically took money from the club, I'd hope someone would bother to ask, rather than just saying "it's their club they can do what they want". Aye, technically they could knock the f***ing ground down and build houses, doesn't mean we shouldn't query things
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daveybigpotatoes
Winger
I’m intrigued by a net book value of £10m on intangibles ie players. Given this is net of an impairment I can’t think of how you would get to £10m of net value at July 2018.
Who had we paid for at that point that have retained a decent value?
Who had we paid for at that point that have retained a decent value?
Ashley In!!
Striker
Oviedo, Kone, McGeady, Djilibodji, Ndong off the top of my head. I'd expect balances for them, the latter two probably impaired given what happened. Doesn't matter what they are 'worth', it's the proportion of their contract remaining multiplied by what we paid.
Eg paid £7m for Oviedo, 2 years into a 4 year contract gives you £3.5m straight away.
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Grumpy Old Man
Striker
It means that a Mag is thick as pigshit. Tax is nothing to do with anything, except that because of accumulated losses, we won't be paying any for a very long time.
When you buy a player, you crate an intangible asset for the value of the fee you paid for him. That is then written off over the length of his contract (amortisation). The net book value is the unexpired portion of those transfer fees. It's not, and is not meant to be, a current assessment of the transfer fees achievable for that player.
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bloody hell, some clowns will think he knows what he's talking about because he's put it on twitter "I won't believe it relates to the Short era until Donald says so". Obvoiusly doesn't understand how dates work 
riffraff
Striker
When a private business asks it’s customers to come in and help refurbish the business premises in their spare time then the lines are already being redrawn.
Bollocks. Its our club, always will be and they are accountable to the fans. Thats said im sure everything is in order and there is nowt sinister going on.
Scimmy
Striker
daveybigpotatoes
Winger
When you buy a player, you crate an intangible asset for the value of the fee you paid for him. That is then written off over the length of his contract (amortisation). The net book value is the unexpired portion of those transfer fees. It's not, and is not meant to be, a current assessment of the transfer fees achievable for that player.[/QUOTE]
GOM Im an FCA who has done a few DD football jobs so familiar with the basics. My thought was rather that I was surprised there is £10m of value remaining ( note after a impairment review) when I couldn’t think of many players remaining where we paid a fee at July 2018. Perhaps the two French guys and Oviedo.
GOM Im an FCA who has done a few DD football jobs so familiar with the basics. My thought was rather that I was surprised there is £10m of value remaining ( note after a impairment review) when I couldn’t think of many players remaining where we paid a fee at July 2018. Perhaps the two French guys and Oviedo.
Grumpy Old Man
Striker
GOM Im an FCA who has done a few DD football jobs so familiar with the basics. My thought was rather that I was surprised there is £10m of value remaining ( note after a impairment review) when I couldn’t think of many players remaining where we paid a fee at July 2018. Perhaps the two French guys and Oviedo.[/QUOTE]
You also capitalise agents fees and signing on fees associated with contract renewals. Looking at amounts we've paid agents in the past and the likely renewal costs of players like Catts while we were still in the Premier League, that could be a fairly big number. Not to mention all the undisclosed fees.
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