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Post by pulismaskreplica on Nov 30, 2019 23:06:44 GMT
Tony's a spineless twat and John hasn't got a fucking clue about running a football club = League 1
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FFP
Nov 30, 2019 23:14:49 GMT
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Post by march4 on Nov 30, 2019 23:14:49 GMT
The bit I heard was about the time taken selecting each manager.
If that is the case then why is each appointment more ludicrous than the previous one.
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Post by iglugluk on Nov 30, 2019 23:15:32 GMT
Spunked millions on wankers that have never impacted the club now weve got fuck all left. Running the fucking club like a Labour Government. Fuck off Scholes Yes, along with your political analogy
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FFP
Dec 4, 2019 17:20:30 GMT
Post by FullerMagic on Dec 4, 2019 17:20:30 GMT
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FFP
Dec 4, 2019 17:39:43 GMT
Post by stokefc on Dec 4, 2019 17:39:43 GMT
interesting
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FFP
Dec 4, 2019 18:05:20 GMT
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Post by Goonie on Dec 4, 2019 18:05:20 GMT
If Wednesday get away with it we're safe.....right?
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FFP
Dec 4, 2019 18:45:57 GMT
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Post by chad on Dec 4, 2019 18:45:57 GMT
Yeh. Bet 365 can by the stadium for 500m and we can go another spending spree
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Post by RF10 on Dec 4, 2019 19:08:49 GMT
Whilst the rules may be not be agreed on they are rules neverless. We wouldn't have to worry about FFP had we conducted ourselves in a better manner and quite simply have just ourselves to blame to the absolute calamity we are in.
Under your leadership or lack of Mr Scholes.
Vokes 9 million Ince 10 million Afobe 13 million Berahino 13 million Imbula 18 million Wimmer 18 million
81 fucking million.
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Post by wrexhamstokie90 on Dec 4, 2019 19:13:42 GMT
Whilst the rules may be not be agreed on they are rules neverless. We wouldn't have to worry about FFP had we conducted ourselves in a better manner and quite simply have just ourselves to blame to the absolute calamity we are in. Under your leadership or lack of Mr Scholes. Vokes 9 million Ince 10 million Afobe 13 million Berahino 13 million Imbula 18 million Wimmer 18 million 81 fucking million. Depressing reading that is mate
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FFP
Dec 4, 2019 19:25:19 GMT
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Post by citynickscfc on Dec 4, 2019 19:25:19 GMT
Whilst the rules may be not be agreed on they are rules neverless. We wouldn't have to worry about FFP had we conducted ourselves in a better manner and quite simply have just ourselves to blame to the absolute calamity we are in. Under your leadership or lack of Mr Scholes. Vokes 9 million Ince 10 million Afobe 13 million Berahino 13 million Imbula 18 million Wimmer 18 million 81 fucking million. Depressing reading that is mate Jesus mother of Moses. How is he still at the club?
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FFP
Dec 4, 2019 19:36:59 GMT
Post by roylandstoke on Dec 4, 2019 19:36:59 GMT
Depressing reading that is mate Jesus mother of Moses. How is he still at the club? How does that work? It sounds as unlikely as someone with Scholes skill set and track record being allowed to run a large professional football club.
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FFP
Dec 4, 2019 19:44:08 GMT
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Post by GreaterGlasgowstokie on Dec 4, 2019 19:44:08 GMT
I'm not a very good property lawyer but I reckon I could easily draft one of these lease back agreements in such a way that it could be argued before a tribunal that it isn't a rule-avoidance trick.
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FFP
Dec 4, 2019 20:17:07 GMT
Post by Deleted on Dec 4, 2019 20:17:07 GMT
I'm not a very good property lawyer but I reckon I could easily draft one of these lease back agreements in such a way that it could be argued before a tribunal that it isn't a rule-avoidance trick. Maybe there could be a fly in the ointment here. How do you sell what you don't own? How do you buy something that you already own?
Oh, I'm sure that it is just a minor detail. They will find a loophole.
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Post by Deleted on Dec 4, 2019 20:38:42 GMT
Jesus mother of Moses. How is he still at the club? How does that work? It sounds as unlikely as someone with Scholes skill set and track record being allowed to run a large professional football club. The timeline seems to be a bit "out" as well?
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FFP
Dec 5, 2019 0:27:07 GMT
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Post by boskampsflaps on Dec 5, 2019 0:27:07 GMT
Depressing reading that is mate Jesus mother of Moses. How is he still at the club? Does he pick the players?
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FFP
Dec 5, 2019 5:34:30 GMT
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Post by Deleted on Dec 5, 2019 5:34:30 GMT
I'm not a very good property lawyer but I reckon I could easily draft one of these lease back agreements in such a way that it could be argued before a tribunal that it isn't a rule-avoidance trick. Maybe there could be a fly in the ointment here. How do you sell what you don't own? How do you buy something that you already own?
Oh, I'm sure that it is just a minor detail. They will find a loophole.
Correct. Unless something has changed that we aren't aware of, the Stadium isn't owned by the club. It is owned by a holding company that the club pays rent to. The holding company belongs to the owners.
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Post by followyoudown on Dec 5, 2019 8:10:15 GMT
If Wednesday get away with it we're safe.....right? Isn't the Wednesday issue not the sale of the ground as such but they registered the legal sale months or even a year after they had booked the sale in their accounts so there is a question on whether their accounts are right as the sale should be in the following years accounts and so they should fail FFP. Legally I hope they succeed there should be no limit on owners putting their own money in.
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FFP
Dec 5, 2019 9:04:46 GMT
Post by benjaminbiscuit on Dec 5, 2019 9:04:46 GMT
Maybe there could be a fly in the ointment here. How do you sell what you don't own? How do you buy something that you already own?
Oh, I'm sure that it is just a minor detail. They will find a loophole.
Correct. Unless something has changed that we aren't aware of, the Stadium isn't owned by the club. It is owned by a holding company that the club pays rent to. The holding company belongs to the owners. Rent moratorium coming ?? Rent converted to loan effects Balance sheet not P&L ?
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FFP
Dec 5, 2019 9:09:09 GMT
Post by benjaminbiscuit on Dec 5, 2019 9:09:09 GMT
Depressing reading that is mate Jesus mother of Moses. How is he still at the club? It’s not even the full crime sheet , the greatest of which is the golden period in our history has no meaningful legacy having spent time as allegedly the 30th wealthiest football club on the planet . its utterly abhorrent job performance not even masked by any semblance of ownership or leadership
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FFP
Dec 5, 2019 9:10:35 GMT
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Post by Deleted on Dec 5, 2019 9:10:35 GMT
Correct. Unless something has changed that we aren't aware of, the Stadium isn't owned by the club. It is owned by a holding company that the club pays rent to. The holding company belongs to the owners. Rent moratorium coming ?? Rent converted to loan effects Balance sheet not P&L ? I haven't got a clue what you are asking me.
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Post by RipRoaringPotter on Dec 5, 2019 9:22:31 GMT
Looking at the amount of money we've spunked away over the last 3 years, if we don't fail FFP at some point I'd questions what's the point of the rule in the first place.
Also if we don't fall foul of it I'd wonder how some clubs do, as I'm struggling to see how we could've wasted any more money in recent years.
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FFP
Dec 5, 2019 9:38:33 GMT
Post by benjaminbiscuit on Dec 5, 2019 9:38:33 GMT
Rent moratorium coming ?? Rent converted to loan effects Balance sheet not P&L ? I haven't got a clue what you are asking me. Apologies rhetorical question , just wondering if a rent free period might help the P&L in terms of FFP , trust depends how much the rent is in terms of “ moving the dial “ but it’s clearly within our gift if it’s within the rules t
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FFP
Dec 5, 2019 9:44:06 GMT
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Post by Deleted on Dec 5, 2019 9:44:06 GMT
I haven't got a clue what you are asking me. Apologies rhetorical question , just wondering if a rent free period might help the P&L in terms of FFP , trust depends how much the rent is in terms of “ moving the dial “ but it’s clearly within our gift if it’s within the rules t Now I get you. I think the rent period in the PL was between 4 and 6M per annum. It depends how it is set up and what the rules are. We won't know for sure and you'd hope the club are on top of it.
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FFP
Dec 5, 2019 9:59:13 GMT
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Post by GreaterGlasgowstokie on Dec 5, 2019 9:59:13 GMT
The holding company could pay the club a large amount of money to surrender the lease, re-grant a lease on more favourable terms to itself, so that the whole transaction can be explained by reasons other than ffp avoidance.
Not tax efficient though
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Post by thebet365 on Dec 5, 2019 10:56:29 GMT
If Wednesday get away with it we're safe.....right? Isn't the Wednesday issue not the sale of the ground as such but they registered the legal sale months or even a year after they had booked the sale in their accounts so there is a question on whether their accounts are right as the sale should be in the following years accounts and so they should fail FFP. Legally I hope they succeed there should be no limit on owners putting their own money in. Correct, The EFL want to see a document proving the sale was agreed in the period it's being reported (Which it quite obviously wasn't).
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FFP
Dec 5, 2019 11:09:23 GMT
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Post by followyoudown on Dec 5, 2019 11:09:23 GMT
I haven't got a clue what you are asking me. Apologies rhetorical question , just wondering if a rent free period might help the P&L in terms of FFP , trust depends how much the rent is in terms of “ moving the dial “ but it’s clearly within our gift if it’s within the rules t It wouldn't under uk accounting rules any lease free period has to be spread over the whole lease so if you got 3 years at nothing and 7 years £3m a year you have to account for the total lease cost (£21m over 10 years) so you put through £2.1m a year even when paying zero. If they follow international accounting rules IFRS16 applies which I wont try and explain here in any detail but again its a similar principle only you capitalise and depreciate it as a right of use asset.
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FFP
Dec 5, 2019 11:19:13 GMT
Post by pushon on Dec 5, 2019 11:19:13 GMT
Firesale coming in January then!
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FFP
Dec 5, 2019 11:29:36 GMT
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Post by thestatusquo on Dec 5, 2019 11:29:36 GMT
Have I walked into an accountancy lecture?👨🎓
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FFP
Dec 5, 2019 15:21:39 GMT
Post by thegrassyknoll on Dec 5, 2019 15:21:39 GMT
Have I walked into an accountancy lecture?👨🎓 No, but this subject (FFP) is the one that any SCFC fan should start taking seriously. Try getting your head round a player embargo, points deduction and a multi-million fine. No time for flippancy.
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FFP
Dec 5, 2019 18:01:05 GMT
Post by benjaminbiscuit on Dec 5, 2019 18:01:05 GMT
Apologies rhetorical question , just wondering if a rent free period might help the P&L in terms of FFP , trust depends how much the rent is in terms of “ moving the dial “ but it’s clearly within our gift if it’s within the rules t Now I get you. I think the rent period in the PL was between 4 and 6M per annum. It depends how it is set up and what the rules are. We won't know for sure and you'd hope the club are on top of it. Substantial then would make a real difference if it went to peppercorn rent , one real way of improving the P&L .
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