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| The Finances of the Club - How we CAN afford the new players on 13:57 - Aug 21 with 996 views | LennyJam |
I do love these 'back of fag packet' figures dressed up as facts, type of threads [Post edited 21 Aug 2013 13:57]
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| The Finances of the Club - How we CAN afford the new players on 14:01 - Aug 21 with 985 views | Colossos |
Mushty, I can tell no one wrote that for you! | | | |
| The Finances of the Club - How we CAN afford the new players on 14:03 - Aug 21 with 970 views | Chesham_Saint |
Colostomy - still practicing after 25 years? Tsk!  | |
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| The Finances of the Club - How we CAN afford the new players on 14:08 - Aug 21 with 959 views | Mushty |
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| The Finances of the Club - How we CAN afford the new players on 14:08 - Aug 21 with 958 views | Iceberg |
and where did i state that anything other than the last season's TV money was a fact?
No where. I made a series of assumptions and invited people to see if my assumptions were materially in the ball park.
They are first approximations as I have been very keen to point out. The aim of the game is to try to identify all cost bases and income streams along with a first realistic assumption.
Rather than sniping from the side lines, why not offer a considered opinion? | |
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| The Finances of the Club - How we CAN afford the new players on 14:16 - Aug 21 with 941 views | Iceberg |
if you really are an accountant you will know perfectly well that what I have attempted to do here is model two consecutive seasons of cash flow. If you are an accountant you will know perfectly well that the net of one year's cash-flow impact the balance sheet once and once only.
The purpose of this exercise was not to determine a present snap-shot valuation of the club, as a balance sheet tells. It was solely about the affordability of the two seasons and whether or not a substantial inflow of capital (from either third-party loans, or share-holder equity) was needed to support the purchase and wages of the recent player signings.
If you really are an accountant, if you do not understand the difference between a cash-flow forecast and a balance sheet then I am amazed you have been in business for 25 years.
What you really are though is a bitter skate who's poxy division four club is never going to deal again in the sort of numbers we are. And so you come on here and troll. Sad really | |
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| The Finances of the Club - How we CAN afford the new players on 14:43 - Aug 21 with 928 views | Chesham_Saint |
Iceberg, IF Colostomy really is an accountant he's already admitted he's only an Associate, FFS. After 25 years someone with his high assessment of himself would surely be a Fellow of the Institue? Or maybe in his case they'd create a special category of ' Feckwit''?! | |
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| The Finances of the Club - How we CAN afford the new players on 14:54 - Aug 21 with 918 views | Colossos |
Fellowship is simply a matter of putting in the years, applying and paying a larger subscription. Never felt the need personally. | | | |
| The Finances of the Club - How we CAN afford the new players on 15:00 - Aug 21 with 907 views | Colossos |
'......snap-shot valuation of the club, as a balance sheet tells.' FAF
I think you should stick to 'bitter skate poxy div 4 club blah blah blah' kinda rants and give your fag packet finance a rest.
If you hadn't started a new thread to divert attention from the concern shown on here about the finances at your club, we could have stuck to the real issue which is are the fans happy to turn a blind eye.....something Pompey fans have been accused of on here time and again. | | | |
| The Finances of the Club - How we CAN afford the new players on 15:17 - Aug 21 with 874 views | SaintNick |
I diont think you have overstated the NI contributions, if anything understated them, in simple terms they will contribute 13.8 % of earnings above a threshold although this is difficult to assess as we don't know what pension contributions they are making either, however given that footballers retirement is earlier than most its likely to be higher than the 5% mandatory rules coming in at the moment.
The catering outsourcing could be done for a variety of reasons, but possibly the fact that NC started up a catering company to take over the contract might just e a big factor don't you think.
Not sure if you are overplaying the profits from merchandising etc in the grand sceme of things, in the Championship yes they are very much needed but in the Premier not so much, biggest seller is replica shirts, lets say we sell 10,000 of them at £30 profit per shirt, its still only £300k in the bank.
In what the club is spending out now it is not over reaching, few clubs actually go into administration in the Premier league, the problem comes when they get relegated and they still have these big wages to pay out, | |
| Satisfying The Bloodlust Of The Masses In Peacetime |
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| The Finances of the Club - How we CAN afford the new players on 15:30 - Aug 21 with 856 views | ldjames |
Pompey fans turned a blind eye to more than the spending though, the source of the funds is still the most disgusting ownership in Football history. | | | |
| The Finances of the Club - How we CAN afford the new players on 15:34 - Aug 21 with 848 views | Chesham_Saint |
Putting in the years at the appropriate level of seniority/experience. Turning down planning applications for loft extensions presumably doesn't count, eh? | |
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| The Finances of the Club - How we CAN afford the new players on 16:48 - Aug 21 with 812 views | Iceberg |
you know perfectly well what I mean.
A balance sheet shows the assets and liabilities of a company AT A PARTICULAR SNAPSHOT IN TIME.
If you don't know that then you should be struck off whatever accountancy qualification you hold.
The 'valuation' is what anyone would value the club at; either on a multiple of earnings or as a speculative capital gain or (in the case of those dodgy Russians you mentioned) a 'big swinging dick' factor. And as the Liebherrs have only injected a total of £50 million in the club even nob-head jealous skates can see that SFC, holding its own in the prem, is by any measure valued at a lot more than £50m. Therefore representing a colossal capital gain for the Trust. I have mentioned previously that a fair valuation for a club our size in mid table Prem could easily be £200m without breaking sweat. Which is why if there is a small short fall in the Championship year as you suggest it would be of absolutely no worry to the Trust whatsoever.
Jealous div four useless non-accountant skate troll. | |
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| The Finances of the Club - How we CAN afford the new players on 16:57 - Aug 21 with 804 views | Iceberg |
Nick, regarding employers NI I have just accurately calculated them using
http://www.listentotaxman.com/index.php
Weekly wage of £50,000 -> £6,879.58 = £56,879.58. I said £56,000 which is pretty decent guess!
And the other two bands I used of 15k and 30k are bang on the money for the NI I guessed.
Don't know about pensions though. Frankly prem footballers should not be getting employer contributed pensions FFS! [Post edited 21 Aug 2013 17:01]
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| The Finances of the Club - How we CAN afford the new players on 17:00 - Aug 21 with 640 views | SaintNick |
I take it you have added on insurance contributions and agents fees as well as legal costs for disputes with ex players lol | |
| Satisfying The Bloodlust Of The Masses In Peacetime |
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| The Finances of the Club - How we CAN afford the new players on 17:06 - Aug 21 with 634 views | Iceberg |
Head office costs!
No, is the answer. But as a first approximation I would be amazed if these were substantial enough to throw the whole out.
If you will allow me to forgo adding in these trivial amounts (comparatively trivial that is) I will continue to take the conservative view that all transfers are paid in full during the first season an not spread out over several years (as they will be).
Either way, we are not over spending. And the fact that the players are on long contracts and young means they could easily be offloaded should the worst come to be and we are relegated. At that point even a fire sell below purchase price would not harm the club's finances as the full cost had already been born.
The skates and QPR had old journeymen on substantially higher wages than ours who were not able to shift on. | |
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| The Finances of the Club - How we CAN afford the new players on 17:11 - Aug 21 with 630 views | SonicBoom |
I bet he wishes he had never started this!
It was an estimate from the start!
It's not perfect and there's some guesswork but no one has offered a genuine reason for this not being in the right ballpark and therefore it looks affordable and sustainable in principle.
As for the skates well they spent money they didn't have. They also continued to spend when they knew they wouldn't be able to pay up which is worse.
We seem to have committed owners that to date have honored every debt (allbeit slowly in some cases). They are also continuing to invest.
There is still little doubt that if the family decided to pull out tomorrow then unless we are sold PDQ, then we would be in the ......
Then again so would Villa, United, Chelsea, City, Norwich, Sunderland etc etc...... | | | |
| The Finances of the Club - How we CAN afford the new players on 17:22 - Aug 21 with 620 views | Iceberg |
Thanks. You get it!
However I don't agree with you about being in the poo if the Trust 'pulled out' quickly. There is no reason they would deliberately cut and run leaving money on the table. Unless the Trust's total finances went to pot. Either way the club - the company actually - would still be chuntering along in the Prem being run competently. As I have tried to demonstrate I don't believe the Trust has had to put in a tonne of extra money to finance recent acquisitions. I reckon the 'conversation' NC and Ms Liebherr had in the summer was about how much of the **predicted and assured** TV money versus Ms Liebherr paying herself a handsome dividend rather than NC going asking for another round of capital injection from the shareholder.
I wouldn't be surprised if there is an exit strategy defined too. If not a full sale in the future, maybe a start of dividends. | |
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| The Finances of the Club - How we CAN afford the new players on 17:26 - Aug 21 with 610 views | SonicBoom |
OK I bow to your superior knowledge.
So a question. You seem to say that once you are in the premier league, the money rolls in and covers the spending. So we are not really dipping into the owners pockets. Fair enough.
Then how come clubs like Everton are potless. Been there for years taking the premier league money, but seemingly no money to invest? Surely they could do what we are? | | | |
| The Finances of the Club - How we CAN afford the new players on 17:27 - Aug 21 with 609 views | Colossos |
If experience and seniority meant a free upgrade I would have taken it.
Nothing I can say to disprove your inferences without giving evidence of identity and I don't intend doing that on here. If you don't want to accept my qualifications or experience that's your perogative.
No idea why you have concluded I work on planning applications based on what I have written but as you have, you are clearly not qualified to judge. | | | |
| The Finances of the Club - How we CAN afford the new players on 17:32 - Aug 21 with 605 views | Iceberg |
That [everton] is a very good question. However, I would imagine that they ARE spending what they are making. Just that Moyes was only allowed to spend the cash income, which was not in the same league as the Man City's, Chelseas, etc. In other words when Everton said they could not afford to spend they were meaning relative to the Big Clubs not the mid table clubs. Moyes took the club as far as he could by only spending the cash income without recourse to the owner's generosity. | |
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| The Finances of the Club - How we CAN afford the new players on 17:32 - Aug 21 with 603 views | Colossos |
I doubt if anyone will know the ins and outs of why Pompey got into such difficulties for a good many years if at all. If you want to jump to conclusions and spout your bile there's nothing I can say to stop you.
As has been so ably identified on here, the average fan hasn't a clue so what you expect them to do before the sh*t hit the fan is anyone's guess.......what are you doing? | | | |
| The Finances of the Club - How we CAN afford the new players on 17:34 - Aug 21 with 595 views | Colossos |
My understanding is that is exactly what happened to the Gaydamacks in the 2008 crash. | | | |
| The Finances of the Club - How we CAN afford the new players on 17:40 - Aug 21 with 590 views | Iceberg |
LOL!
So Mr Accountant, is a balance sheet, or is a balance sheet not, a statement of the assets and liabilities of a company AT A SNAPSHOT IN TIME ?
If it indeed is then any 'carried forward' amount has absolutely no baring whatsoever on the affordability - the cash flow - of future years, given that the company at the time of the balance sheet was adjudged a going concern and solvent
Of course you really know all this, you are just a troll skate. [Post edited 21 Aug 2013 17:46]
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