The Long Awaited Accounts....

[Risso]

The £84 million he's written off - is that in return for anything, or is it just gone forever?

Converted into shares.  Assuming he isn't going to get what he's put in for the club, it's as good as gone forever.

[fbriai]

Thanks for the explanation, Risso.

Do you have an idea of the average issued share capital of Premier League clubs? Or at least, could you hazard a guess?

[kippaxvilla2]

The £84m is a non cash movement - it looks to me like it is represented as the issued share capital following his decision to convert debt to equity although I may have misread that....

[ClaretAndBlueBlood]

I thought we had gone through the years of austerity and were now meant to be self funding!!!

[kippaxvilla2]

He would probably want that £84m back I would have thought - it would represent a drop in ocean compared to overall investment.  I know he has made some bad decisions but he is still looking at the thick end of a big loss isn't he.

[kippaxvilla2]

Ah well at least the Out the Door protests can stop now - he has made a public announcement!

[dave.woodhall]

The £84 million he's written off - is that in return for anything, or is it just gone forever?

Converted into shares.  Assuming he isn't going to get what he's put in for the club, it's as good as gone forever.

We used to dream of an owner like that...

[aev]

The £84 million he's written off - is that in return for anything, or is it just gone forever?

Converted into shares.  Assuming he isn't going to get what he's put in for the club, it's as good as gone forever.

We used to dream of an owner like that...

At this rate he is going to be like our very own Mark Goldberg, apart from Goldberg was a self made man.

[PeterWithe]

So we have gone from throwing big money at the wrong players to the wrong executives.

[kippaxvilla2]

If you believe the reports of a sale price at £150m that still represents a circa £165m loss!  That price could reduce of course.

[bertlambshank]

Is there a breakdown of what the board members are paid?

[Risso]

Thanks for the explanation, Risso.

Do you have an idea of the average issued share capital of Premier League clubs? Or at least, could you hazard a guess?

Just had a quick look, Chelsea's is only £100m but they have £660m of retained losses.  Manchester City's is £1.2bn though.  Stoke's is £36m, with £60m losses.  Interestingly on smaller turnover (£100m) than ours for the same period to May 2015 they made a small profit, as their wages were only £66m.  Obviously no accounting topic would be complete without mention of Spurs.  Their 2015 accounts aen't out yet, but for 2014 their turnover was £180m, with wages of £100m.  The very epitome of a well-run club, now challenging for the title.

Having a look at Leicester as well for 2015, their income went up from £31m to £104m obviously as a result of being back in the Premier League, and their wage bill was only £57m.

[kippaxvilla2]

It would appear to me that our scouting system could do with a bit of an overhaul.

[Risso]

I'v heard from a couple of different sources over the years that Russell the now ex-FD was a bit rubbish at providing coherent financial information.  I wonder if he's paid for this latest set of results with his job?

[Archbishop Herbert Cockthrottle]

I'm afraid I don't understand any of this. I need to see it on a flip chart with someone holding a red laser pen.