NSWE Investment

[Newby]

Fuck me, I've wondered in to Celebrity Bake-off.

[hilts_coolerking]

Someone on the Leeds post-match thread on the Graun has posted this, any truth to it?

"The richest match in world football. And this year the most repellent.

Two teams who both cheated the profit and sustainability rules and whom the EFL didn’t have the balls even to question. One by running up losses of £130m in three years and brushing it off with things like selling the naming rights to the training ground (to themselves) and doubling the youth programme costs; the other by selling the ground to the owner for double market value and renting it back for a yield lower than a gilt.

And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations."

[andyh]

Someone on the Leeds post-match thread on the Graun has posted this, any truth to it?

"The richest match in world football. And this year the most repellent.

Two teams who both cheated the profit and sustainability rules and whom the EFL didn’t have the balls even to question. One by running up losses of £130m in three years and brushing it off with things like selling the naming rights to the training ground (to themselves) and doubling the youth programme costs; the other by selling the ground to the owner for double market value and renting it back for a yield lower than a gilt.

And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations."

Salty?

[KevinGage]

Yeah.  Who wouldn't want to get financial advice or moral guidelines from Leedzzz.

[Toronto Villa]

90 minutes between us and the bank vault door being ripped off.

[OCD]

It’s amazing how many FFP experts there are. Especially considering how complicated finance is and how much information is available.

[Hillbilly]

Someone on the Leeds post-match thread on the Graun has posted this, any truth to it?

"The richest match in world football. And this year the most repellent.

Two teams who both cheated the profit and sustainability rules and whom the EFL didn’t have the balls even to question. One by running up losses of £130m in three years and brushing it off with things like selling the naming rights to the training ground (to themselves) and doubling the youth programme costs; the other by selling the ground to the owner for double market value and renting it back for a yield lower than a gilt.

And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations."

That's from a commenter called Vastariner, a Bluenose who piles in on any Villa related article. I think he drafts his anti-Villa screed on the wall of his basement in cat blood before posting on the Guardian.

[hilts_coolerking]

That's from a commenter called Vastariner, a Bluenose who piles in on any Villa related article. I think he drafts his anti-Villa screed on the wall of his basement in cat blood before posting on the Guardian.

Maybe so but is there any truth in it?

[PeterWithe]

I’d imagine that the renaming of the training ground was done to ‘help’ with FFP as otherwise there wouldn’t have been much point. It may even have been done twice as the Recon logos no longer appear anywhere in it.

[Risso]

Someone on the Leeds post-match thread on the Graun has posted this, any truth to it?


"The richest match in world football. And this year the most repellent.


Two teams who both cheated the profit and sustainability rules and whom the EFL didn’t have the balls even to question. One by running up losses of £130m in three years and brushing it off with things like selling the naming rights to the training ground (to themselves) and doubling the youth programme costs; the other by selling the ground to the owner for double market value and renting it back for a yield lower than a gilt.


And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations."

It's the burblings of somebody who doesn't know what they're talking about:


Taking the issues in order:


Derby selling their ground to their owner.  As I said at the time, this "sale and leaseback" type agreement is standard business practice.  It's not a cheat, or a way around the rules.  Derby now no longer own their ground, and that has real, lasting implications.  As long as the transaction was at market rates, which it must be to satisfy FFP, it's a perfectly sesnible thing to do.


Doubling youth programme costs - so what?  These are ignored for FFP calculations anyway, so it doesn't matter if it's £1 or £100m


"And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations". Total bollocks, most football clubs have more than one company in the group, and produce consolidated accounts that basically accumulate all the profits and losses from all associated companies.  There's no way of hiding expenditure in the way they're describing.

[hilts_coolerking]

It's the burblings of somebody who doesn't know what they're talking about:


Taking the issues in order:


Derby selling their ground to their owner.  As I said at the time, this "sale and leaseback" type agreement is standard business practice.  It's not a cheat, or a way around the rules.  Derby now no longer own their ground, and that has real, lasting implications.  As long as the transaction was at market rates, which it must be to satisfy FFP, it's a perfectly sesnible thing to do.


Doubling youth programme costs - so what?  These are ignored for FFP calculations anyway, so it doesn't matter if it's £1 or £100m


"And both disguised losses by hiving staff off to separate companies so the costs of wages did not fall on the football operations". Total bollocks, most football clubs have more than one company in the group, and produce consolidated accounts that basically accumulate all the profits and losses from all associated companies.  There's no way of hiding expenditure in the way they're describing.

Now this is what I was after.  Ta very much like.

[Dazvillain]

Companies house docs show our superb owners have injected yet another £30million  into club via share issue.
41,666,667 shares at £1each injected. Currently only 72% of the value has been paid at the time of issue with a value of just over £30 million.
The remaining 28p in the pound, or 11.7 million can be called at anytime by the club.

Who knows what it’s intended for .....additional for Webster and Phillips ?

[clash city rocker]

The investment they have made into our club has saved us from God knows what outcome. However they are both businessmen so where and when will the return on their investment happen ?

[kippaxvilla2]

If we stay in the PL and sell players on at a profit, we will start to turn one.  A few PL clubs now are in profit.

[villa `cross the mersey]

The investment they have made into our club has saved us from God knows what outcome. However they are both businessmen so where and when will the return on their investment happen ?

Hopefully when this great football club is competing in the Champions League - dare we dream?