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View attachment 14246
I suppose the remedy if a company looks remotely dodgy is to demand payment before you supply them with anything.
Clough did get a fair bit right, unfortunately his biggest hurdle was that he's a colossal bell-end.
He wasn't?Was he?
McCabe has lost over £50m. The value of the club when the prince got involved may have been £20m at best. KM has GIVEN half the club to the prince in return from the prince investing over a period and developing the club from thereon in.
If the prince buys out KM before he achieves success then he will make more in due course.
Some think KM will hang in there until the prince multiplies his share and then he will sell. Chicken and the egg. Surely KM will just be tempted to bail out after all the abuse we see on here each day.
In my opinion woody the shares are worth whatever Mccabe and the prince agreed upon ,having put so much in I don't think the Mccabes
will have given up 50% cheaply.with the majority of shares in there hands the real value is not known.I have still got my shares in the club
but of no real value as basically Mccabe can name his own price I will keep them for the time being.
He wasn't?
A superficial reading of this would be that if you only spend 60% and don't spend 40% then that 60% becomes 100% doesn't it?
Genuine question.
Not for the first time I may have missed something.
Does it begin with an M and end in an E?So if we are paying £5M a year in rent, which is pretty much half our turnover, who are we paying that £5m a year too?
Sounds like someone, somewhere is making a few bob out of us.
Does it begin with an M and end in an E?
You can be damn sure Sean Thornton won't be missing out either.Maybe William Henry Foulkes and Silent Blade will be along shortly to tell us........
Nope. If you don't spend the 40% then it goes towards your profit.
Take the following example (numbers made up but roughly based on United):
Turnover (income from gate receipts, sponsorship etc): £10m
Wages: £(6m)
Other operating expenses (utilities, rents): £(5m)
Operating loss: £(1m)
We'd only be spending 60% of turnover on wages but still losing money. The reality is that the gap at the bottom is actually £5m and that has to be filled somehow - this is where the Prince comes in.
Player sales are a little more complicated than you'd think. Every player we spend money on creates an asset with a value on the balance sheet. That balance is written off over the course of their contract: if we assume that Jamie Murphy cost £400k and signed a 4 year deal then every year they'll take an amortisation charge of £100k. Basically, that means that when we sold him [3 years later, for £1.75m] he was valued at £100k on the accounts so we'll recognised a "profit on disposal" of £1.65m.
My guess is that youth team players are held at nominal values, if you're interested.
What about the "numbers are made up, but for example....." bit?So if we are paying £5M a year in rent, which is pretty much half our turnover, who are we paying that £5m a year too?
Sounds like someone, somewhere is making a few bob out of us.
Tell you what? dont have a clue what you and Barny are on?Maybe William Henry Foulkes and Silent Blade will be along shortly to tell us........
You can be damn sure Sean Thornton won't be missing out either.
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