Financial Mumbo-Jumbo

Discussion in 'General Blades Chat' started by TomJonesBlade, Feb 12, 2019.



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  1. wesleysnipesmen

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  2. Sheff de party

    Sheff de party Active Member

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    Puts it in perspective doesn’t it. I always say I’d buy us if I won the lottery, but it’d need to be the Euro Millions by the looks of things.

    £10m loss per season when things are going well. Jesus.
     
  3. SW12 to S12 to S18

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    Yes but they only have to sell a couple of shirts to raise another million.
     
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  4. LondonBlade89

    LondonBlade89 Member

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    Any reason why lots of people - including The Star - are reporting £10m losses? That's before player sales. Which, to be honest, are a pretty normal part of being a football club.

    It takes away from the great job Wilder is doing as manager when it comes to helping to balance the books. We really lost £1.9 million last year, compared to £5.8 million the year before.
     
  5. WoodMillBlade

    WoodMillBlade Member

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    I believe we are the only club in the world that loses tens of millions pounds a season so have to sell our best players for peanuts to survive going bust.

    Strange Ey?
     
  6. Topplayersleave

    Topplayersleave Active Member

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    £11 million still seems a lot
     
  7. Topplayersleave

    Topplayersleave Active Member

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    The wages of the 178 staff would surely be included in the £19 million wage bill, most are part time and seasonal workers, many probably don't get more work than a few hours a week
    And although we have to buy the pies, beer, hot dogs, shirts, key rings, wallets etc, the sales would form part of our turnover

    The £11 million difference just seems very high
     
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  8. norfolkblade

    norfolkblade Active Member

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    Thank you kind sir.
     
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  9. Snowman

    Snowman Well-Known Member

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    Yes but which thieving git dropped us in it for £110k
     
  10. GRUMPY BLADE

    GRUMPY BLADE Well-Known Member

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    Pigs involved in back door stuff?

    Nice.
     
  11. wizadry

    wizadry wizster

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    £11m is a very high loss all things considered. Some people blaming that some of the reasons for that would be covered in the wages or the selling of merchandise or food etc, we don’t give the fuckers away.

    I honestly don’t think anyone could tell you why it’s £11m? I for one would love to know as these things interest me.
     
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  12. norfolkblade

    norfolkblade Active Member

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    It's likely to have been a recent debt given the amount that's been stated, if it was a really old debt most of it would have already been impaired anyway.

    The mind boggles.
     
  13. GRUMPY BLADE

    GRUMPY BLADE Well-Known Member

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    Brooks and Maguire to MUFC, both for £80M, what a give away.
     
  14. GRUMPY BLADE

    GRUMPY BLADE Well-Known Member

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    Thought Carney had signed up t'forum for a minute then.
     
  15. norfolkblade

    norfolkblade Active Member

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    It's an operating loss rather than the bottom line net loss, profit on player sales (to my knowledge) would be classified as Other Income. Think of Operating Profit (or Losses in this case) as profit or loss from day to day activities and you won't go far wrong :)
     
  16. wizadry

    wizadry wizster

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    Could someone be kind enough to explain what this is in layman’s terms? The attachment part please?
     
  17. GRUMPY BLADE

    GRUMPY BLADE Well-Known Member

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    Anybody actually tried it?

    What's wrong wi an advert in The Times asking for professional footballers along with Wilders mobile number - no agents need apply.
     
  18. norfolkblade

    norfolkblade Active Member

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    Ultimately they are just non physical/non cash items which have to be put through the accounts.
     
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  19. wizadry

    wizadry wizster

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    Thank you!

    Such as would then be my next question?
     
  20. Louis Hobbs

    Louis Hobbs New Member

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