paul1984

Well it looks like it was watch out for Friday...... for nothing to happen 

Back to usual then what are we losing per year, how much have we lost in the three year period etc..... can't find out until the accounts come out in the spring..... 

7 minutes ago, jacketspuds said:

Has Xia really invested £150m, as the article states he is claiming? Surely not.

No.

1 hour ago, TheEgo said:

Whatever pal and you've ensured I say nothing else

Oh no, not more completely vague knowledge.....

When people know something and they want to make that information public they can just put it straight out and not bollocks vague information

8 minutes ago, TheEgo said:

Yawn zzzzzzzzzzzzzzzzzz

You are the one giving out vague ITK posts

No worries lads, we have been told to watch out for tuesday remember 

So still no news other than someone on here saying look out on Tuesday?

42 minutes ago, TheEgo said:

As I said, it's not 'done' yet......sadly. It will be though, Xia now knows he must sell and we have a queue of bidders, one in the lead though 

So you personally have information? 

Care to share?

Just now, OutByEaster? said:

Pardon me, I'm just in and catching up - what has Ho said?

 

Nothing it was too cryptic to make a conclusion

1 hour ago, TRO said:

There must be a bunch of people like advisors, ex players, ex board members  etc......That knew more than has been revealed......I think many folk knew more than they are letting on, the silence is deafening.

It seems like a sad old place right now.

So we have sorted the toxic atmosphere in the playing squad.....its just the boardroom now.

 

Quite possibly 

Has anything interesting happened yet?

6 hours ago, JAMAICAN-VILLAN said:

Seems to just be a rehashed article of the Birmingham Rich List.

Net worth 990 million pounds etc.

Think it's actually a year old.

Same old then....

I've no idea if we had 990 quid or 990 million and it sounds like we will never know.

1 hour ago, srsmithusa said:

Just read an article that says he’s rich.   Hmmmm.   

 

link?

Huth wouldn't be the worst signing in the world on a 2 year deal but definitely no more.

Ideally though whom ever we sign in that position should be able to keep pace with attackers so we don't absolutely HAVE to play a defensive midfielder in every game throughout the game.

That situation becomes even more pressing if Chester goes, I also feel we shouldn't sell Elphick unless he is on very large wages.

16 minutes ago, KSV said:

We can't be happy with strike force when we lost Grabban.. likely sale of Kodjia. Bs report.

I'd be happy to see him come back if the cost is right for us, I'm sure we can raise the money through sales for a low fee, ditto for Hernandez.

On 22/06/2018 at 08:27, jacketspuds said:

Dammit Mile stop scoring!!!! Can already smell the wolves outside the door waiting to pick you up on the cheap when we're desperate for cash in July.

I wouldn't mind letting Jedinak and Whelan go, we have Thor, Lansbury and of course we can purchase someone one cheaper wages to play in the defensive midfield position who is more mobile.

How are we even debating possible signings when we dont know budgets for transfers, wages and who is going from the current squad?

2 hours ago, hippo said:

Sadly new or existing its still debt - its something any new owner will have to service. 

No doubt but it firstly it isn't the fault of the current owner and secondly in our current predicament it really matters what the terms are to service it which we don't know.

22 minutes ago, hippo said:

Our other accountant on here @Risso also referenced a loan of around £50m in the accounts presumably the same loan @snowychap is talking about.

If there is such a loan in the accounts - then there is - it can't negotiated, because we don't know where it went , or we didn't need a £45m loan , or we don't agree with it - If its there, its there !!!  

Indeed and surely the point is what was the money for! for instance part of it is mentioned on this thread to pay an overdraft etc so its not new debt its shuffling chairs.

8 minutes ago, snowychap said:

No. The £14.4m is after player transactions - so including all sorts of things which you'd class as 'accounting bollocks'.

You can't have things both ways.

Well, at the end of our discussion I have deduced nothing from you.

The media says we lost 14.4m last year I don't understand why you say differently.

You say we borrowed 45m and pointed it out in part of the accounts which is fine but then seemingly try and make out like its 'new debt' rather than replacing old debts +14.4m.

I've had an accountant before and it was always really simple so yea I'm afraid I am putting this down to 'accounting bollocks' like amortisation which is important for FFP but the rest of us are trying to find out the real position of the club aka profit/loss accounts.

2 minutes ago, snowychap said:

I've already directly answered this in a number of posts above but I'll go one last time (*with a bit of added info):

*The club made an operating loss before player transactions of £41m*

The club made an operating loss after player transactions of £14.4m

Cash flow used in operating activities was this £14.4m operating loss after player transactions plus c. £6.5m of other cash movements as explained in note 20 (link provided earlier) - £20.9m (a)

Net cash used in investing activities (incomings and outgoing cash for player transfers mostly but also for tangible fixed assets) - £15.9m (b)

Net increase in cash and cash equivalents (reduction in overdraft) - £10.5m (c)

a + b + c = £c£47.5m (roundings, obviously).

Fine so its a real loss of 14.4m for the year with the rest of this 47.5m being financial reorganisation?

8 minutes ago, snowychap said:

I don't think there's any point if you're going to write off the figures behind running a business as 'accountancy bollocks'.

I have already explained that the cashflow statement says:

And that the operating activities number is further broken down as follows:

 

Alright lets try asking a few direct questions.

Was the loss last year 14.4m?

If so why has the club borrowed 45m?

3 minutes ago, snowychap said:

Increase in other borrowings was £47.5m.

alright 47.5m.......

I'll be honest this sounds like accountancy bollocks to me at the moment rather than you brought in X and Y went out and the difference is 14.4m which is simple. I'm really not interested in amortisation, that's for FFP.

Can you explain it more?

11 minutes ago, snowychap said:

 

Also look at page 33 of the accounts for Recon Sports Limited - pdf available from here

Note 20, where you'll find a breakdown of the £20.914m figure that is related to the operating activities (it's basically the operating loss - £14.4m - plus/minus various things including non cash items such as depreciation/amortization and profits on disposals of player registrations - all of which is c£6.5m).

So its a 15 million pound loss for last year like reported yet we took out 45 million in loans....?

48 minutes ago, TheEgo said:

You'll know then that 45m divided by 12 is 3.75m a month alone before tax and other bills. Kinda disproved your own point

We'll see.

at this rate no ones going to know whats going on until march when the accounts come out