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Post by Lakeland Potter on Nov 20, 2018 8:20:41 GMT
Ouch!Not unexpected, of course, but horrible to see the details spelled out. As the article explains, much of the loss is down to the write down in the value of some of our most expensive players - but that doesn't stop it hurting as much as if the money had been stolen! 
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Post by southstanddan on Nov 20, 2018 8:23:28 GMT
Even with the corner?
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Post by sheikhmomo on Nov 20, 2018 8:24:49 GMT
Ouch!Not unexpected, of course, but horrible to see the details spelled out. As the article explains, much of the loss is down to the write down in the value of some of our most expensive players - but that doesn't stop it hurting as much as if the money had been stolen! Average wage of £45K a week and people still defend us setting up like we're playing Man City every week  |
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Post by generationex on Nov 20, 2018 8:31:20 GMT
The good news is our income halves next season!
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Post by lordb on Nov 20, 2018 8:38:03 GMT
Ouch!Not unexpected, of course, but horrible to see the details spelled out. As the article explains, much of the loss is down to the write down in the value of some of our most expensive players - but that doesn't stop it hurting as much as if the money had been stolen! Average wage of £45K a week and people still defend us setting up like we're playing Man City every week That's last season's average wage. However even allowing for a big drop Stokes wage bill has to be top four in the division and possibly top one. |
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Post by Lakeland Potter on Nov 20, 2018 8:50:56 GMT
Average wage of £45K a week and people still defend us setting up like we're playing Man City every week That's last season's average wage. However even allowing for a big drop Stokes wage bill has to be top four in the division and possibly top one. One of the problems we have with our wage bill is that we are still subsidising the wages of high earning players out on loan. I remember laughing at Leeds when they subsidised Duberry's wages (for 2 years?) when we signed him from them. Don't things come back to bite you on the bum!  |
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Post by wagsastokie on Nov 20, 2018 9:10:59 GMT
From 4 million profit to 30 million loss in 12 months a lot of business’s would remove the chief executive
Over to you Coates
And tell him to take the other pizza boy with him
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Post by Lakeland Potter on Nov 20, 2018 9:13:44 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. |
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Post by Bojan Mackey on Nov 20, 2018 9:17:25 GMT
Ambition.
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Post by mrcoke on Nov 20, 2018 9:20:06 GMT
The expenditure on the corner would not appear in the P&L account. It would be counted as capital investment in the club, appear on the balance sheet, and depreciated over decades through the P&L account. |
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Post by cheekymatt71 on Nov 20, 2018 9:22:25 GMT
Based upon those forecasts as well our income this season is 65M and our cost base around 120M.
On course for a record loss, I think someone should invite Rowett to the boardroom and explain WHY we need promotion sharpish
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Post by Deleted on Nov 20, 2018 9:27:37 GMT
What's all the fuss about?
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Post by mrcoke on Nov 20, 2018 9:31:41 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. Quite correct. Debt would appear on the balance sheet which is a statement of a business's finances at a point in time, (Assets, cash, debt, liabilities, etc.) The profit or loss is expressed over a financial year. The financial world is full of all sorts of jiggery-pokery and it is possible inflate profit by increasing the book values of assets or depreciating assets over a longer period. Often the opposite is done; assets are written off, thereby reducing profit and reducing tax liability. |
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Post by Clayton Wood on Nov 20, 2018 9:37:31 GMT
Debt owed to bet365 increased from £75.7m to £122.7m according to the published accounts.
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Post by mrred on Nov 20, 2018 9:45:10 GMT
52 fucking million this season and the best we can hope for is to piss out draws, 1-0 wins or losses. And the wages are up 9m- what have we got to show for it? Due diligence, Carto. You useless fuck.
When you look back and look at how much we spend on 'footballers' like Imbula and Wimmer, and papering over the cracks with dreadful loans, it's fucking baffling how a collective group of people let it get into this mess, and are still in employment.
Well that's the facade that we're a well run club well and truly smashed.
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Post by neddy on Nov 20, 2018 9:53:47 GMT
Debt owed to bet365 increased from £75.7m to £122.7m according to the published accounts. Won’t the loss reduce tax paid by bet 365? I’m no accountant but this may be how it is dealt with? |
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Post by Clayton Wood on Nov 20, 2018 10:27:07 GMT
Debt owed to bet365 increased from £75.7m to £122.7m according to the published accounts. Won’t the loss reduce tax paid by bet 365? I’m no accountant but this may be how it is dealt with? Note 7 says there is £7.7m of group tax relief which offsets the £5.7m tax on the loss. So it looks like the answer is yes, £7.7m. |
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Post by Olgrligm on Nov 20, 2018 10:33:29 GMT
This clearly shows that the idea that the Coates family have somehow turned the taps off is complete fiction. The money that they have ploughed into this failing campaign is obscene.
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Post by adi on Nov 20, 2018 11:04:25 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? Funny how we would rather loan them out, and again and again until we either give them away or sell for peanuts. Loans do nothing for us. Also it’s hilarious that we’ve invested so little in the first team until this season. That is the epitome of closing the stable door after the horse has bolted. As a business we are National League rather than Prem or championship. |
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Post by Deleted on Nov 20, 2018 11:09:45 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? That should reduce the debt by about 50p. We are stuck with them until their contracts run out. |
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Post by lordb on Nov 20, 2018 11:24:34 GMT
That's last season's average wage. However even allowing for a big drop Stokes wage bill has to be top four in the division and possibly top one. One of the problems we have with our wage bill is that we are still subsidising the wages of high earning players out on loan. I remember laughing at Leeds when they subsidised Duberry's wages (for 2 years?) when we signed him from them. Don't things come back to bite you on the bum! Hanover are paying 100% of Winners wages. Would imagine Stoke still paying large percentage of Imbula's wage but don't recall that detail being reported. |
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Post by lordb on Nov 20, 2018 11:26:24 GMT
52 fucking million this season and the best we can hope for is to piss out draws, 1-0 wins or losses. And the wages are up 9m- what have we got to show for it? Due diligence, Carto. You useless fuck. When you look back and look at how much we spend on 'footballers' like Imbula and Wimmer, and papering over the cracks with dreadful loans, it's fucking baffling how a collective group of people let it get into this mess, and are still in employment. Well that's the facade that we're a well run club well and truly smashed. £30m nett Your point still stands though. |
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Post by lordb on Nov 20, 2018 11:30:01 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? Funny how we would rather loan them out, and again and again until we either give them away or sell for peanuts. Loans do nothing for us. Also it’s hilarious that we’ve invested so little in the first team until this season. That is the epitome of closing the stable door after the horse has bolted. As a business we are National League rather than Prem or championship. 'loans do nothing for us' Too simplistic,Wimmer we got £1m+ loan fee and 100% if his wages paid and an agreed fee if they choose to buy him (doubt they will). That's not 'nothing' In his case doubt we could have done a better deal than that. That's not to excuse the obscene fee Scholes negotiated for him in the first place by any means. |
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Post by robwahlmann on Nov 20, 2018 11:33:19 GMT
WE will need to sell Butland (£25M+), Allen (£15M+), Pieters (£5M+), Bauer (£5M+) and Bojan (3M+), in addition we could hope to get rid of Wimmer, Imbula and Cameron (£12-15M), we would also need to offload players like Afellay, Adam, Fletcher and our two loanees. Think this will soon balance the books and even make room for some of additions.  |
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Post by adi on Nov 20, 2018 11:49:04 GMT
Funny how we would rather loan them out, and again and again until we either give them away or sell for peanuts. Loans do nothing for us. Also it’s hilarious that we’ve invested so little in the first team until this season. That is the epitome of closing the stable door after the horse has bolted. As a business we are National League rather than Prem or championship. 'loans do nothing for us' Too simplistic,Wimmer we got £1m+ loan fee and 100% if his wages paid and an agreed fee if they choose to buy him (doubt they will). That's not 'nothing' In his case doubt we could have done a better deal than that. That's not to excuse the obscene fee Scholes negotiated for him in the first place by any means. True, ok I’ll reword as, loans are almost useless for us. Just get them sold, take a loss, get some money to reinvest. Let’s face it, simmer won’t go for anything near what we paid, same as imbula or badou. It’s just delaying the inevitable. I guess it shows how poor the decisions to sign 2/3 were. Badou was class but clearly wasn’t willing to drop a league. |
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Post by johnnysoul60 on Nov 20, 2018 11:52:29 GMT
These accounts will be based on our last Premiership Season so next years will be a fair bit worse , its so sad that we lost the plot .
We can only hope that Bet 365 remains very successful and maintains it's support or we will be reet in the shite
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Post by thebet365 on Nov 20, 2018 12:09:46 GMT
The expenditure on the corner would not appear in the P&L account. It would be counted as capital investment in the club, appear on the balance sheet, and depreciated over decades through the P&L account. It doens't appear in the clubs accounts, the stadium is under a different entity. Stoke City (Property) Limited |
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Post by lordb on Nov 20, 2018 12:16:50 GMT
'loans do nothing for us' Too simplistic,Wimmer we got £1m+ loan fee and 100% if his wages paid and an agreed fee if they choose to buy him (doubt they will). That's not 'nothing' In his case doubt we could have done a better deal than that. That's not to excuse the obscene fee Scholes negotiated for him in the first place by any means. True, ok I’ll reword as, loans are almost useless for us. Just get them sold, take a loss, get some money to reinvest. Let’s face it, simmer won’t go for anything near what we paid, same as imbula or badou. It’s just delaying the inevitable. I guess it shows how poor the decisions to sign 2/3 were. Badou was class but clearly wasn’t willing to drop a league. Agreed,it's delaying the inevitable. However that's where we are at. It's a trap middling Prem clubs usually end up in sooner or later which usually results in relegation |
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Post by apb1979 on Nov 20, 2018 12:22:54 GMT
Time to get of Fatty Cartwright & employ someone who can spot a player ( use Brentford’s model as a guideline)
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Post by cheeesfreeex on Nov 20, 2018 12:27:28 GMT
I'd take it out of Jack and Diouf's wages.
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