Blades Loss of £6M in 2016/17 ?

[Sean Thornton]

My initial thought was Brayford.

He's the one that only really makes sense at that amount.

 

[NuddysGloves]

I enjoy reading these threads and seeing lots of words which I know the meaning of being used together in such a way that I have no idea what's going on

 

[Davie Blade]

I enjoy reading these threads and seeing lots of words which I know the meaning of being used together in such a way that I have no idea what's going on

Is that just this thread


or all of them?

 

[NuddysGloves]

Is that just this thread


or all of them?

I'm not sure what you mean........

 

[pommpey]

We didn't pay a fee for him.

No, I meant:

1. He was on loan
2. Adkins wanted him on a permanent
3. A clause was stuck in for us to sign him o/c the loan period (maybe when we'd got the munneh when Adkins had got us promoted ... etc)

pommpey

 

[Davie Blade]

The wages to income percentage increase 80% to 107% is pretty frightening.
Finally nailing the myth of Clough 'paid for everything out of the Cup run' bollocks
Loses,impairments, All in all some grim reading of Cloughs tenure

 

[Sean Thornton]

No, I meant:

1. He was on loan
2. Adkins wanted him on a permanent
3. A clause was stuck in for us to sign him o/c the loan period (maybe when we'd got the munneh when Adkins had got us promoted ... etc)

pommpey

Sorry, what I meant was that because there was no transfer fee he wouldn't be included in that section if the accounts. The costs Madkins forced on us would, I believe, be in the wages section.

 

[Barney]

That should be offset somewhat by the however many million pounds we received in sell on fees this pre-season yet didn't spend on new players.

 

[bornablade]

Is it true that there is a Desso pitch holdings plc, which owns the grass surface and charges ‘sprinklers and hoses’ ltd £500k a game for the rights to watering and the football club £1 million a game for the right to play on it?

Family company goes by the name of 'Murphy's'

 

[ShockingBadBuy]

Sorry, what I meant was that because there was no transfer fee he wouldn't be included in that section if the accounts. The costs Madkins forced on us would, I believe, be in the wages section.

Please forgive my financial illiteracy. Could you give a layman-friendly summary of these indecipherable docs ? I'm guessing that we're still haemorrhaging cash and dependent on the goodwill of McCabe and the Saudi, but in better shape than many. Right ?

Appreciate yer assistance

 

[Sean Thornton]

The wages to income percentage increase 80% to 107% is pretty frightening.
Finally nailing the myth of Clough 'paid for everything out of the Cup run' bollocks
Loses,impairments, All in all some grim reading of Cloughs tenure

View attachment 34417

Wages fell from £11.3m to £10.0m. Turnover increased to over £11.3m.

 

[Sean Thornton]

Please forgive my financial illiteracy. Could you give a layman-friendly summary of these indecipherable docs ? I'm guessing that we're still haemorrhaging cash and dependent on the goodwill of McCabe and the Saudi, but in better shape than many. Right ?

Appreciate yer assistance

That's pretty much it.

 

[ShockingBadBuy]

That's pretty much it.

Thank ye kindly.

 

[Davie Blade]

Wages fell from £11.3m to £10.0m. Turnover increased to over £11.3m.[/QUOT

Yes but that not Cloughs figures is it.

 

[Harvey Robinson-Smythe]

As I thought: we bought the league

 

[Jehovah]

By my calculations we will have to hope that Southend will accept some eggs and milk for Ryan Leonard.

 

[Tunstall Fred]

As I thought: we bought the league

I agree,my question is why didn't we buy the league 5 years ago,taken the gloss of last season when the truth gets pointed out,shame on you United

 

[blade too long]

A 6m loss is about par for the championship and we more or less ran as one last season
We are in the extremely lucky position of having mccabe keeping us stable , not that many think so
still too many only see money coming in from the odd sale and we apparently have no running costs in some peoples eyes

 

[Esablade]

and we apparently have no running costs in some peoples eyes

..every football club has running costs, right down to Sunday Leagues.

P.S- You appear to be forgetting Princey's contribution also?

 

[Sean Thornton]

Yes but that not Cloughs figures is it.

We were discussing the 2017 accounts.

 

[blade too long]

..every football club has running costs, right down to Sunday Leagues.

P.S- You appear to be forgetting Princey's contribution also?

princey makes sure theres toilet rolls in every toilet in the ground ,

 

[Davie Blade]

We were discussing the 2017 accounts.

Whatever!!!

 

[Esablade]

princey makes sure theres toilet rolls in every toilet in the ground ,

It's that hard shiny paper though isn't it...

 

[Sean Thornton]

Whatever!!!


View attachment 34423

Good man!

 

[Harvey Robinson-Smythe]

I agree,my question is why didn't we buy the league 5 years ago,taken the gloss of last season when the truth gets pointed out,shame on you United

This

 

[BushBlade]

This

Harvey? Bit obvious isn't it?

 

[blade too long]

It's that hard shiny paper though isn't it...

 

[Harrisblade]

View attachment 34426

Do we HAVE to constantly plug Crab Inc products?

 

[GRUMPY BLADE]

Its complicated, I'm not an accountant and don't pretend to understand it all but from what I can make out Kevin's side also put in 2.6 million of new share capital in June 2017 into Blades Leisure and presumably so did the Prince. Like many footy clubs we also make a loss and these appear to some extent to be offset by loans from the chain of parent companies, not unreasonable. Bottom line is Kevin and the Prince appear to be putting in many millions each year which I am very thankful for. Nothing to suggest anyone is taking chunks of money out of the club nor justify questions of where's the money gone in my view.
https://beta.companieshouse.gov.uk/company/00396956/filing-history

It's OK, academy sales make a profit, we're laughing lads and lasses.