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Post by FullerMagic on Apr 1, 2021 16:17:45 GMT
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Post by bayernoatcake on Apr 1, 2021 16:21:40 GMT
Iain Duncan Smith claiming the moral high ground. Tory fuckwit.
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87M Loss
Apr 1, 2021 16:26:49 GMT
via mobile
Post by followyoudown on Apr 1, 2021 16:26:49 GMT
The pandemic has certainly posed problems but as someone who prepares annual accounts a standard audit question in any year is is there any indication of impairment of assets (considering how crap a number of signings were ans the length of contract and the fees paid - that has been there for a number of years !), for the 31/3/20 accounts I prepared there was a number of extra hoops to jump through specifically related to covid. The write offs themselves are easy to defend there literally appears to be no market for some of our players so putting them to zero or near zero auditors would have no issue with, whether they qualify for ffp exemption is almost certainly not something the auditors would be asked or allowed to pass an opinion on. Interesting...... so in laymans terms are we in an OK/comfortable position or do we still need to be cautious? Im a bit poo with figures and stuff Actual cash position we are fine because of bet 365 funding, ffp rules I assume significant amount of losses have been agreed to be excluded otherwise the £87m loss with or without the £43m impairment would have us in breach of ffp for the next 3 years just on these accounts.
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87M Loss
Apr 1, 2021 16:35:57 GMT
via mobile
Post by followyoudown on Apr 1, 2021 16:35:57 GMT
The pandemic has certainly posed problems but as someone who prepares annual accounts a standard audit question in any year is is there any indication of impairment of assets (considering how crap a number of signings were ans the length of contract and the fees paid - that has been there for a number of years !), for the 31/3/20 accounts I prepared there was a number of extra hoops to jump through specifically related to covid. The write offs themselves are easy to defend there literally appears to be no market for some of our players so putting them to zero or near zero auditors would have no issue with, whether they qualify for ffp exemption is almost certainly not something the auditors would be asked or allowed to pass an opinion on. Some very complex arguments. Assumptions feeding in on possible paths of pandemic, likely economic recovery, how other countries will fare, scale of rescue package for the game, future crowds and broadcasting revenues etc. Profit and sustainability rules extended to four years from three so even agreeing the timeframe to consider for valuation has been challenged. It has taken months of extra work to get through football club audits, real challenges with some of the largest clubs You could be right but I think the valuation of the players we are talking about would be straight forward they are virtually worthless, Afobe aside maybe and a million here or there. Bet 365 accounts are normally filed nov / dec and as they are mainly on cash basis no real covid issues so unless companies house is well behind strange the accounts arent yet listed unless they decided to take the £100 late filing penalty while they discussed results with the EFL before filing.
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Post by benjaminbiscuit on Apr 1, 2021 17:11:56 GMT
i agree i dont think we have heard the end of this points wise but if they punish us they will have to do so many other's and it will seem they are ignoring the pandemic , question is will the other others be able to generate enough noise to position us a " exploiting the situation " as opposed to being victims of it Logic would suggest that quite a few other clubs are sailing VERY close to the wind regarding FFP. If say, for arguments sake 10 clubs are in breach and they stick to their guns and give points deductions to all, then come the new season, nearly half the teams are in the minus straight away. So whats the point of dishing out all the points deductions? 2 mini leagues effectively as I see it. (Please remember Im as thick as a whale omelette so if this is nonsense then tell me) think your spot on and thats our gamble they either have too many and wont do anything to any or they qwilldo everyone so we might as well throw the kitchen sink in
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Post by colnepotter on Apr 1, 2021 17:59:24 GMT
Logic would suggest that quite a few other clubs are sailing VERY close to the wind regarding FFP. If say, for arguments sake 10 clubs are in breach and they stick to their guns and give points deductions to all, then come the new season, nearly half the teams are in the minus straight away. So whats the point of dishing out all the points deductions? 2 mini leagues effectively as I see it. (Please remember Im as thick as a whale omelette so if this is nonsense then tell me) think your spot on and thats our gamble they either have too many and wont do anything to any or they qwilldo everyone so we might as well throw the kitchen sink in Ha ha ha. Excellent. Only one person I can think of who is actually thicker than a whale omelette and up he pops bang on cue!
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Post by leicspotter on Apr 1, 2021 18:17:14 GMT
Betchton Lane go up past Wilbrahams arms pub Alsager. A road right on the junction. Go down that road and you will soon see the many entrances. I cant be the only one to have seen it. Oh no I've seen people moaning about it on the Facebook groups around here but I don't really know the area at all. Will go for a walk down the canal at the weekend I think Stalker!
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Post by benjaminbiscuit on Apr 1, 2021 18:39:09 GMT
think your spot on and thats our gamble they either have too many and wont do anything to any or they qwilldo everyone so we might as well throw the kitchen sink in Ha ha ha. Excellent. Only one person I can think of who is actually thicker than a whale omelette and up he pops bang on cue! I may or may not be thick but only one of us is engaging in discussion and the other resorts to schoolboy name calling , I’ll let others judge .
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Post by bayernoatcake on Apr 1, 2021 19:02:07 GMT
Oh no I've seen people moaning about it on the Facebook groups around here but I don't really know the area at all. Will go for a walk down the canal at the weekend I think Stalker! Haha just bored your honour.
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87M Loss
Apr 1, 2021 19:30:27 GMT
via mobile
Post by alsagerstokie on Apr 1, 2021 19:30:27 GMT
Betchton Lane go up past Wilbrahams arms pub Alsager. A road right on the junction. Go down that road and you will soon see the many entrances. I cant be the only one to have seen it. Oh no I've seen people moaning about it on the Facebook groups around here but I don't really know the area at all. Will go for a walk down the canal at the weekend I think I think shes pissed people off because i think she wants the road to become private. Shes right next to Hassall Green nature reserve.
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Post by basingstokie on Apr 1, 2021 19:41:46 GMT
Im off topic but 10 minutes from where i live in Alsager. If anyome knows a place called Hassall Green. Has anyone seen Denise new complex being built. I walk past it most nights. Jeez its fucking huge. Imagine she has the biggest house you can ever imagine, then double it, fit it out with the best of everything from around the world. Its still only going to cost her 3 months salary
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Post by basingstokie on Apr 1, 2021 19:48:44 GMT
i agree i dont think we have heard the end of this points wise but if they punish us they will have to do so many other's and it will seem they are ignoring the pandemic , question is will the other others be able to generate enough noise to position us a " exploiting the situation " as opposed to being victims of it Logic would suggest that quite a few other clubs are sailing VERY close to the wind regarding FFP. If say, for arguments sake 10 clubs are in breach and they stick to their guns and give points deductions to all, then come the new season, nearly half the teams are in the minus straight away. So whats the point of dishing out all the points deductions? 2 mini leagues effectively as I see it. (Please remember Im as thick as a whale omelette so if this is nonsense then tell me) Very astute - if, say 10 clubs, get a deduction then starting on minus 10 isn't the penalty it would normally be (high risk of relegation) as you've not got to catch up 10 points to become 2nd bottom as it were
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87M Loss
Apr 1, 2021 19:57:51 GMT
via mobile
Post by bayernoatcake on Apr 1, 2021 19:57:51 GMT
Oh no I've seen people moaning about it on the Facebook groups around here but I don't really know the area at all. Will go for a walk down the canal at the weekend I think I think shes pissed people off because i think she wants the road to become private. Shes right next to Hassall Green nature reserve. And bought all the land. It’s meant to be a right mess around there and it’s way behind schedule too apparently. I need to do a semi big walk this weekend as there’s naff all else so I’ll go there via the cut!
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Post by onepara on Apr 1, 2021 20:02:04 GMT
According to todays newspaper, these figures have been offered to the EFL system & have their approval.
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Post by Deleted on Apr 1, 2021 20:17:39 GMT
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Post by davejohnno1 on Apr 1, 2021 20:32:15 GMT
If Tony Scholes has managed the club finances to the extent that we write off player values whilst FFP rules are relaxed due to the pandemic to put us in a stronger position once the rules are back in place (or removed) then he's done his job, probably very well, given the stormy waters we've had to steer through. It is abundantly clear we are a manager led club. Scholes is there simply to ensure any deal is within the capabilities of the club to afford and if we can afford it, the manager gets the player he wants. It seems a bit unfair to blame him for absolutely everything and then, when there are signs that he's actually done his job well, to dismiss any credit as standard accounting and "no big deal". If he's done that, lets make him club accountant and not CEO and use his talents where they clearly lie In my experience, most CEO's have some kind of financial/accountancy background. Certainly in the commercial world, I often find myself at loggerheads with some of the "black and white" approaches they use but that is finance people. So long as the numbers stack up and the business remains safe, they are happy to let you get on with things. Maybe if Scholes had more power, we wouldn't be in such a mess. It's fairly commonly known that he had concerns about the Kevin Wimmer deal and that he pulled the plug on Pulis more than once when a player package wasn't in line with the budget available at that particular time.
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Post by alsagerstokie on Apr 1, 2021 21:00:56 GMT
I think shes pissed people off because i think she wants the road to become private. Shes right next to Hassall Green nature reserve. And bought all the land. It’s meant to be a right mess around there and it’s way behind schedule too apparently. I need to do a semi big walk this weekend as there’s naff all else so I’ll go there via the cut! Let me know your verdict. It is mental. Entrance sights galore. Workmem galore. Big machines galore. Vehicles galore. Made some farmers quite rich id imagine.
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Post by Deleted on Apr 1, 2021 21:05:35 GMT
Asking for a friend. can someone explain to my erm...friend why this is good news and explain it as if it was being explained to say a 9 year old. Would do it myself but watching 'Stath lets flats'
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Post by colnepotter on Apr 2, 2021 14:59:38 GMT
Ha ha ha. Excellent. Only one person I can think of who is actually thicker than a whale omelette and up he pops bang on cue! I may or may not be thick but only one of us is engaging in discussion and the other resorts to schoolboy name calling , I’ll let others judge . Internet gobshite gets a taste of his own medicine and doesn’t like it.....wot a shocker!
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87M Loss
Apr 2, 2021 15:12:34 GMT
via mobile
Post by benjaminbiscuit on Apr 2, 2021 15:12:34 GMT
I may or may not be thick but only one of us is engaging in discussion and the other resorts to schoolboy name calling , I’ll let others judge . Internet gobshite gets a taste of his own medicine and doesn’t like it.....wot a shocker! m I think you’ll find I’ve been called a lot worse than you have managed there and never taken offence, my logic was engage in the discussion not abuse especially as your not very good at the latter either judging by your last toe feeble efforts and 😁
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Post by metalhead on Apr 2, 2021 15:28:27 GMT
Im off topic but 10 minutes from where i live in Alsager. If anyome knows a place called Hassall Green. Has anyone seen Denise new complex being built. I walk past it most nights. Jeez its fucking huge. Yep. Live near there myself. No issue with what she's doing. The land she's acquired she's paid well over the odds for to ensure the people vacating are well compensated. She hasn't forced anyone to leave like big businesses and other villains do, often at below market value...
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Post by crapslinger on Apr 2, 2021 15:48:45 GMT
If he's done that, lets make him club accountant and not CEO and use his talents where they clearly lie In my experience, most CEO's have some kind of financial/accountancy background. Certainly in the commercial world, I often find myself at loggerheads with some of the "black and white" approaches they use but that is finance people. So long as the numbers stack up and the business remains safe, they are happy to let you get on with things. Maybe if Scholes had more power, we wouldn't be in such a mess. It's fairly commonly known that he had concerns about the Kevin Wimmer deal and that he pulled the plug on Pulis more than once when a player package wasn't in line with the budget available at that particular time. The good old commonly known again any proof ?
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Post by davejohnno1 on Apr 2, 2021 16:35:05 GMT
In my experience, most CEO's have some kind of financial/accountancy background. Certainly in the commercial world, I often find myself at loggerheads with some of the "black and white" approaches they use but that is finance people. So long as the numbers stack up and the business remains safe, they are happy to let you get on with things. Maybe if Scholes had more power, we wouldn't be in such a mess. It's fairly commonly known that he had concerns about the Kevin Wimmer deal and that he pulled the plug on Pulis more than once when a player package wasn't in line with the budget available at that particular time. The good old commonly known again any proof ? Proof of what? That he's a tosser that doesn't know his arse from his elbow and is the root of all evil or that he's nothing to do with football side beyond ensuring any player the manager wants, he gets provided the club can afford the deal? I'm not sure proof exists of either but given your knowledge of solicitors, you'll probably understand that the only evidence that exists is that the owners have sacked numerous managers yet kept faith with Scholes. That evidence alone suggests the owners feel he's doing a good job
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Post by crapslinger on Apr 2, 2021 17:39:46 GMT
The good old commonly known again any proof ? Proof of what? That he's a tosser that doesn't know his arse from his elbow and is the root of all evil or that he's nothing to do with football side beyond ensuring any player the manager wants, he gets provided the club can afford the deal? I'm not sure proof exists of either but given your knowledge of solicitors, you'll probably understand that the only evidence that exists is that the owners have sacked numerous managers yet kept faith with Scholes. That evidence alone suggests the owners feel he's doing a good job Eleven players out on loan who we paid the thick end of £60m on long well paid contracts, £32m written off on two players shopping in the battered tin bins at Aldi, £87m in debt I rest my case
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Post by davejohnno1 on Apr 2, 2021 18:01:24 GMT
Proof of what? That he's a tosser that doesn't know his arse from his elbow and is the root of all evil or that he's nothing to do with football side beyond ensuring any player the manager wants, he gets provided the club can afford the deal? I'm not sure proof exists of either but given your knowledge of solicitors, you'll probably understand that the only evidence that exists is that the owners have sacked numerous managers yet kept faith with Scholes. That evidence alone suggests the owners feel he's doing a good job Eleven players out on loan who we paid the thick end of £60m on long well paid contracts, £32m written off on two players shopping in the battered tin bins at Aldi, £87m in debt I rest my case 11 players that the manager at the time wanted brought in on deals that the club could afford. That the players turned out to be shit and subsequently unsaleable isn't Tony Scholes fault. Your rested case has just been thrown out of court and the judge has struck you off for wasting his time.
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Post by stevetheboater on Apr 2, 2021 18:27:06 GMT
Im off topic but 10 minutes from where i live in Alsager. If anyome knows a place called Hassall Green. Has anyone seen Denise new complex being built. I walk past it most nights. Jeez its fucking huge. Yep. Live near there myself. No issue with what she's doing. The land she's acquired she's paid well over the odds for to ensure the people vacating are well compensated. She hasn't forced anyone to leave like big businesses and other villains do, often at below market value... Designed by Richard Rogers firm, one of the top architects in the world. I looked at the planning application a couple of months ago, and you can certainly see where the money is going, even if it is £90m! I was curious as I had been past a couple of times since on assorted walks and didn't know what it was. No problem with what she's building, though I do wonder if it is going to be a bit soulless as a private home, and she really shouldn't be allowed to close the lane. If she didn't like living by it she should have built somewhere else. That route is well used by walkers, though very little by other traffic,. but is is an important principle not to close public highways without a really good reason.
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87M Loss
Apr 2, 2021 18:32:48 GMT
via mobile
Post by metalhead on Apr 2, 2021 18:32:48 GMT
Yep. Live near there myself. No issue with what she's doing. The land she's acquired she's paid well over the odds for to ensure the people vacating are well compensated. She hasn't forced anyone to leave like big businesses and other villains do, often at below market value... Designed by Richard Rogers firm, one of the top architects in the world. I looked at the planning application a couple of months ago, and you can certainly see where the money is going, even if it is £90m! I was curious as I had been past a couple of times since on assorted walks and didn't know what it was. No problem with what she's building, though I do wonder if it is going to be a bit soulless as a private home, and she really shouldn't be allowed to close the lane. If she didn't like living by it she should have built somewhere else. That route is well used by walkers, though very little by other traffic,. but is is an important principle not to close public highways without a really good reason. I wasn't aware that it had been closed. I've not driven up there in about 12 months. She is a private person by all accounts. She doesn't give many interviews and she does her own thing despite a surprising amount of undeserved negativity in the press. I suppose the one thing she has going for her is by being a female, they can't hit her with the straight white evil male card.
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Post by datguy on Apr 2, 2021 18:44:58 GMT
Personally think that development looks shite.
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87M Loss
Apr 2, 2021 19:02:17 GMT
via mobile
Post by scfcno1fan on Apr 2, 2021 19:02:17 GMT
When do we get to find out high how the Coates family have got in the UK rich list.
They must be getting close to the top 10 now?
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Post by crapslinger on Apr 3, 2021 9:14:54 GMT
Eleven players out on loan who we paid the thick end of £60m on long well paid contracts, £32m written off on two players shopping in the battered tin bins at Aldi, £87m in debt I rest my case 11 players that the manager at the time wanted brought in on deals that the club could afford. That the players turned out to be shit and subsequently unsaleable isn't Tony Scholes fault. Your rested case has just been thrown out of court and the judge has struck you off for wasting his time. I see Tony ! Etebo, Bauer contract extension, due diligence, watched 25 times, long contracts on high salary's, 87m loss crippled by FFP but our CEO has no part to play in this clusterfuck
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