Swiss Ramble - SUFC Finances

[IdLiketoRogerMoore]

For all those 14 year olds out there asking where the Kyle Walker money has gone, take a read of this..

 

[Deleted member 1486]

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For all those 14 year olds out there asking where the Kyle Walker money has gone, take a read of this..

Wages lower in 2017 that 2016 is an eye-opener!

 

[UnitedBlade]

View attachment 36194

For all those 14 year olds out there asking where the Kyle Walker money has gone, take a read of this..

One thing to note is that the Walker / Maguire monies are not in these accounts.

They will be in next year’s account (for 17/18 season) to the tune of £7.1M. A windfall that would probably allow the club to break even if there were no further investment. However, we know players have been offered new contracts, we have spent in the summer and the JTW so we will be losing money again this season.

We won’t be anywhere near FFP scrutiny when that is submitted in March, unlike our close neighbours!

 

[Esablade]

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For all those 14 year olds out there asking where the Kyle Walker money has gone, take a read of this..

Erm...the 'Kyle Walker moneh' when we sold him to Spurs or the sell on percentage to Citeh?
I'm not sure either would be included in last years accounts would they?

 

[HodgysBrokenThumb]

I don't speak accountancy, so I can't claim to understand all of that. But through the impenetrable fog of numbers and funny words, the bottom line seems to be that Wilder is a genius.

 

[vorpal blade]

always sad to see player amortisation

 

[Rodley]

MUNNEH!

 

[Tunstall Fred]

Clear to see McCabe is a crook,

 

[Rodley]

always sad to see player amortisation

If you Iick the condensation off the sheet cladding at the back of Gangway B Kop, rumour has it you become amortal.

 

[Esablade]

Clear to see McCabe is a crook,

Thanks for clearing that one up...

 

[Tunstall Fred]

Thanks for clearing that one up...

Here boy,sit,good boy,good boy.

 

[Esablade]

Here boy,sit,good boy,good boy.

 

[Tunstall Fred]

People don't want to see you following me around like some little excitable puppy,get back to General Chat,there's a good boy.

 

[Esablade]

People don't want to see you following me around like some little excitable puppy,get back to General Chat,there's a good boy.

There, there...get it all out..

 

[Darthblade]

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For all those 14 year olds out there asking where the Kyle Walker money has gone, take a read of this..

And your point is ....... ?

Other than trying to wind people up on what appears to be a calm day .....

UTB & FTP

 

[IdLiketoRogerMoore]

Erm...the 'Kyle Walker moneh' when we sold him to Spurs or the sell on percentage to Citeh?
I'm not sure either would be included in last years accounts would they?

Erm no, but from the figures outlined, it's clear that both sums would be dwarfed by our recent losses...

Ergo, those people who think McCabe is trousering it all to spend on flying monkeys, can see that it's not as simple as we get £5m in so Wilder has £5m to spend.

Would have thought a clever chap like you could have made that connection...

 

[super_pig]

what’s all this stuff mean Sean ?

 

[Esablade]

Erm no, but from the figures outlined, it's clear that both sums would be dwarfed by our recent losses...

Ergo, those people who think McCabe is trousering it all to spend on flying monkeys, can see that it's not as simple as we get £5m in so Wilder has £5m to spend.

Would have thought a clever chap like you could have made that connection...

I'm not sure why you're comparing last years (2016/17) losses of £8.6 million with the incoming Walker/Maguire money (quoted at around £7.1 million) which won't register until the 2017/18 accounts?

By your own comparison the incoming "Kyle/Maguire' moneh isn't dwarfed by last year losses...in fact if losses were similar this year it would almost cover them on it's own (as UnitedBlade states above, we could break even with no further investment) ...and that's without the added TV income of around £7 million and increased revenue generally.

Of course, we don't know what our increased outgoings will be until next years accounts, but you'd expect them to rise.

You've made yourself look a bit of a numpty here...unless of course you trying to state that this incoming moneh is dwarfed by all losses, ever made by the club?

But then that would be plain daft, as I'm sure a clever chap like yourself can see...

 

[I should coco]

You've made yourself look a bit of a numpty here...unless of course you trying to state that this incoming moneh is dwarfed by all losses, ever made by the club?

Yup, we all know the historic accumualted losses 'don't count' as they have already been covered by the magic money tree*.

Let's line up exactly what we are going to accuse McCabe of this year, having absolutley no knowledge of the contractual wages increases for this season plus those for all the new players signed since June.



* Otherwise known as McCabe's pocket

 

[Esablade]

Yup, we all know the historic accumualted losses 'don't count' as they have already been covered by the magic money tree*.

Let's line up exactly what we are going to accuse McCabe of this year, having absolutley no knowledge of the contractual wages increases for this season plus those for all the new players signed since June.



* Otherwise known as McCabe's pocket

Well the loans McCabe's companies waived certainly could be called 'a magic money tree'...yes.
The losses last year are listed at £8.6 million...I'm not sure what you're getting at with your paranoia...

 

[SouthEssexBlade]

Thought this was the 2016 SwissBlade account for a minute. Was about to send him a pm to ask about the dramatic downturn in fortunes.

 

[I should coco]

Well the loans McCabe's companies waived certainly could be called 'a magic money tree'...yes.

I suppose that makes sense to you in some way, so have a 'well done'.

The losses last year are listed at £8.6 million...I'm not sure what you're getting at with your paranoia...

I wasn't talking about last year. I said 'accumulated losses' meaning everything since McCabe took over, but I suppose none of that 'counts'.

 

[sheffielder]

It is a well known fact that the money tree does exist. Labour won the last election due to this.

 

[I should coco]

It is a well known fact that the money tree does exist. Labour won the last election due to this.

It's now installed at BDTBL allowing us to keep re-spending the 98 semi final money etc and the Kyle sell on fees, into perpetuity.

Whilst there is only so many times you can spend 'real money', there are no such boring limitations with the magic money tree.

 

[Esablade]

I suppose that makes sense to you in some way, so have a 'well done'.

I'm guessing you've haven't actually bothered to read the link?

I wasn't talking about last year. I said 'accumulated losses' meaning everything since McCabe took over, but I suppose none of that 'counts'.

Why stop at when McCabe took over?

 

[I should coco]

'm guessing you've haven't actually bothered to read the link?

I guess you have but don't really understand it.

The profits on player sales are simply swallowed up by wages, thus we have made a trading loss in all but one year since 2000 (IIRC).

 

[Esablade]

I guess you have but don't really understand it.

The profits on player sales are simply swallowed up by wages, thus we have made a trading loss in all but one year since 2000 (IIRC).

Not if you comparing last year's losses with this years income they're not...which is precisely what IdLiketoRogerMoore did in his OP.

 

[IdLiketoRogerMoore]

I'm not sure why you're comparing last years (2016/17) losses of £8.6 million with the incoming Walker/Maguire money (quoted at around £7.1 million) which won't register until the 2017/18 accounts?

By your own comparison the incoming "Kyle/Maguire' moneh isn't dwarfed by last year losses...in fact if losses were similar this year it would almost cover them on it's own (as UnitedBlade states above, we could break even with no further investment) ...and that's without the added TV income of around £7 million and increased revenue generally.

Of course, we don't know what our increased outgoings will be until next years accounts, but you'd expect them to rise.

You've made yourself look a bit of a numpty here...unless of course you trying to state that this incoming moneh is dwarfed by all losses, ever made by the club?

But then that would be plain daft, as I'm sure a clever chap like yourself can see...

As my esteemed colleague has eloquently responded - our losses have been significant every Year we've in League One, and the magic money tree only has so many branches, so whenever the transfer money hits our Balance Sheet, our previous years losses dwarf it.

Sadly I'm reminded of the saying: never argue with an idiot as they drag you down to their level and beat you with experience, and it seems you have much more experience than me...

 

[Esablade]

As my esteemed colleague has eloquently responded - our losses have been significant every Year we've in League One, and the magic money tree only has so many branches, so whenever the transfer money hits our Balance Sheet, our previous years losses dwarf it.

Sadly I'm reminded of the saying: never argue with an idiot as they drag you down to their level and beat you with experience, and it seems you have much more experience than me...

And this year, our losses may not be significant, we may even turn a profit due to the money you wrongly attributed to last year's accounts.

Would you like a spade?

 

[Harrisblade]

I guess you have but don't really understand it.

The profits on player sales are simply swallowed up by wages, thus we have made a trading loss in all but one year since 2000 (IIRC).

Not sure if I'm missing something - but aren't you and Esa both supportng McCabe's actions in support of the club?