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Post by knowingeye on Dec 18, 2019 13:00:01 GMT
"Debts owed to parent company Stoke City Holdings rose from £122.7m to £141.3m in the year up to 31 May 2019.
And turnover went down from just over £127m to £70.5m as Stoke finished 16th in their first season outside the top flight since 2007-08.
Media revenues reduced by almost 50%, from about £101m to £51.2m, while £67.4m was spent on new players."www.bbc.co.uk/sport/football/50834640
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Post by Deleted on Dec 18, 2019 13:03:28 GMT
That gives us £23.6m to play with this season and next  For all the owners faults, we spent an eye watering £60m on transfers. And wasted almost every penny of it...... |
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Post by shipshape on Dec 18, 2019 13:05:53 GMT
Not as bad as I thought.
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Post by crowey on Dec 18, 2019 13:23:08 GMT
.... is this good or bad for FFP? Does weasel face deserve his pay rise after we were relegated?
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Post by dutchstokie on Dec 18, 2019 13:26:24 GMT
.... is this good or bad for FFP? Does weasel face deserve his pay rise after we were relegated? Worth every penny !  |
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Post by Deleted on Dec 18, 2019 13:28:02 GMT
Extra bonus Shirley!
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Post by crowey on Dec 18, 2019 13:29:05 GMT
.... is this good or bad for FFP? Does weasel face deserve his pay rise after we were relegated? Worth every penny ! .... that’s good then. Never been very good with arithmetic |
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Post by Deleted on Dec 18, 2019 13:38:43 GMT
.... is this good or bad for FFP? Does weasel face deserve his pay rise after we were relegated? A maximum of £39m losses over 3 seasons, so it's there or thereabouts I suppose.... |
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Post by crowey on Dec 18, 2019 13:42:59 GMT
.... is this good or bad for FFP? Does weasel face deserve his pay rise after we were relegated? A maximum of £39m losses over 3 seasons, so it's there or thereabouts I suppose.... .... even better then. So he’s earned his bonus |
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Post by premieraj on Dec 18, 2019 13:50:38 GMT
As discussed before presumably this loss can be set against profits of bet 365?
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Post by KevinWhimper on Dec 18, 2019 14:08:05 GMT
Last year we assembled the most expensive squad in the history of the championship spending £196m, dwarfing Newcastle's £147m when they went straight back up. Meanwhile Tony Scholes gave himself a pay rise.
Something has to be done to get this charlatan out of the club. Unita 1863 lads, is it possible to create or even crowdfund a SCHOLES OUT banner? We need a regular vociferous protest against this clown for the club to hear us.
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Post by skip on Dec 18, 2019 14:24:44 GMT
Get someone to print some red cards.  |
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Post by Paul Spencer on Dec 18, 2019 15:22:22 GMT
A lot more detail here:
The entire thread is worth a read.
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Post by followyoudown on Dec 18, 2019 15:43:32 GMT
Last year we assembled the most expensive squad in the history of the championship spending £196m, dwarfing Newcastle's £147m when they went straight back up. Meanwhile Tony Scholes gave himself a pay rise. Something has to be done to get this charlatan out of the club. Unita 1863 lads, is it possible to create or even crowdfund a SCHOLES OUT banner? We need a regular vociferous protest against this clown for the club to hear us. I am pretty sure he didnt give himself a payrise, the Coates would have signed it off why do people need to make stuff up plenty to criticise him for without inventing it. |
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Post by Deleted on Dec 18, 2019 16:15:13 GMT
Last year we assembled the most expensive squad in the history of the championship spending £196m, dwarfing Newcastle's £147m when they went straight back up. Meanwhile Tony Scholes gave himself a pay rise. Something has to be done to get this charlatan out of the club. Unita 1863 lads, is it possible to create or even crowdfund a SCHOLES OUT banner? We need a regular vociferous protest against this clown for the club to hear us. I am pretty sure he didnt give himself a payrise, the Coates would have signed it off why do people need to make stuff up plenty to criticise him for without inventing it. As CEO , you get a real say in how the club is run , it's not like being a normal employee If he said he wanted it written into his contract , that he wanted a 50 per cent pay cut , if the club have a below target season , and a fifty per cent pay increase if they have an above target season . Then the coates family wouldn't have stood in his way . He could ask for performance related pay and I am sure he would get it in some form or another . But he is incompetent not stupid , and he is going to vote , for being rewarded for failure , all day long |
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Post by crouchpotato1 on Dec 18, 2019 16:36:55 GMT
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Post by AlliG on Dec 18, 2019 17:37:37 GMT
I don't know about the CEO getting a pay rise, but the accountant certainly deserves one for producing that set of accounts!
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Post by Deleted on Dec 18, 2019 18:21:50 GMT
I don't know about the CEO getting a pay rise, but the accountant certainly deserves one for producing that set of accounts! What makes you think that? |
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Post by followyoudown on Dec 18, 2019 20:05:33 GMT
I am pretty sure he didnt give himself a payrise, the Coates would have signed it off why do people need to make stuff up plenty to criticise him for without inventing it. As CEO , you get a real say in how the club is run , it's not like being a normal employee If he said he wanted it written into his contract , that he wanted a 50 per cent pay cut , if the club have a below target season , and a fifty per cent pay increase if they have an above target season . Then the coates family wouldn't have stood in his way . He could ask for performance related pay and I am sure he would get it in some form or another . But he is incompetent not stupid , and he is going to vote , for being rewarded for failure , all day long I feel like I am just going round in circles but Scholes is not responsible for the shit football and it actually already seems like he is on some performance related pay which seems to be tied to the financial results hence the fall in the relegation season with £31.9m loss and increase when the loss has been cut to £15.5m. |
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Post by followyoudown on Dec 18, 2019 20:06:22 GMT
I am pretty sure he didnt give himself a payrise, the Coates would have signed it off why do people need to make stuff up plenty to criticise him for without inventing it. As CEO , you get a real say in how the club is run , it's not like being a normal employee If he said he wanted it written into his contract , that he wanted a 50 per cent pay cut , if the club have a below target season , and a fifty per cent pay increase if they have an above target season . Then the coates family wouldn't have stood in his way . He could ask for performance related pay and I am sure he would get it in some form or another . But he is incompetent not stupid , and he is going to vote , for being rewarded for failure , all day long |
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Post by emery1985 on Dec 18, 2019 20:07:37 GMT
Get someone to print some red cards. Where is Hudsongod?? |
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Post by AlliG on Dec 18, 2019 21:24:36 GMT
I don't know about the CEO getting a pay rise, but the accountant certainly deserves one for producing that set of accounts! What makes you think that? Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. |
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Post by Deleted on Dec 18, 2019 21:26:26 GMT
What makes you think that? Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. I was expecting 15.25M, so I'm a bit disappointed I was 150k out. Not sure where that went? |
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Post by Deleted on Dec 18, 2019 21:40:05 GMT
What makes you think that? Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. Are you suggesting that these audited accounts are incorrect?
Nah, thought not.
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Post by boskampsflaps on Dec 18, 2019 22:01:36 GMT
Get someone to print some red cards. Still yet to see the evidence that he gave himself a pay rise........ |
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Post by followyoudown on Dec 18, 2019 23:48:46 GMT
What makes you think that? Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. It looks like they wrote off all the deadwood in the 31/5/18 accounts hence the £31.9m loss due to £20m plus write offs on the likes of wimmer,imbula. Smart move to bring out all the dead in those accounts so Championship FFP didnt really screw us up. |
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Post by Gods on Dec 18, 2019 23:57:49 GMT
This was our first of 3 seasons of dwindling parachute payments which go roughly £45 million, 25 million , 20 million, zero.
So without them our loss would have been £60 million.
Since they will be only £20 million next season then zero it's not hard to see why we need to start cutting our cloth differently and shift the higher earners and non-playing 'players' which are very often one and the same.
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Post by Deleted on Dec 19, 2019 0:04:45 GMT
Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. It looks like they wrote off all the deadwood in the 31/5/18 accounts hence the £31.9m loss due to £20m plus write offs on the likes of wimmer,imbula. Smart move to bring out all the dead in those accounts so Championship FFP didnt really screw us up. As most everyone knows, if a company is going to report losses, write off all of the shit and make it a really bad year. It is far better to do that rather than carry crap forwards, and then have another bad year. |
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Post by Deleted on Dec 19, 2019 0:32:46 GMT
Hands up anyone who was expecting us to report a loss of just £15.4m for the 2018/19 season? That will be no one then. It looks like they wrote off all the deadwood in the 31/5/18 accounts hence the £31.9m loss due to £20m plus write offs on the likes of wimmer,imbula. Smart move to bring out all the dead in those accounts so Championship FFP didnt really screw us up. I wouldn't really describe it as a "smart move". Sound and solid accounting practice surely? Overvaluing assets will always lead to problems. Our high cost assets that had no value were written off. Simple. |
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Post by crouchpotato1 on Dec 19, 2019 15:00:07 GMT
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