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Author Topic: NSWE Investment  (Read 621744 times)

Offline Percy McCarthy

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Re: NSWE Investment
« Reply #345 on: July 23, 2018, 06:59:30 PM »
It all feels too good to be true... who are the two richest then?

Man City & Putin.

Offline London Villan

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Re: NSWE Investment
« Reply #346 on: July 23, 2018, 07:03:23 PM »
Esteemed company then.

Offline Ads

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Re: NSWE Investment
« Reply #347 on: July 23, 2018, 07:26:49 PM »
I see we've already paid off the mortgages we took out on the land...

How do you know that ?

Companies House

Why do we own a semi-detached house in Great Barr? Still, we own it out right now.

Offline Ads

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Re: NSWE Investment
« Reply #348 on: July 23, 2018, 07:41:41 PM »
We now own Villa Park, a Manor House, a farm, loads of land and a semi-detached outright.

Presumably this will stem some losses and once the revaluation has taken place, charge free, we can dispose of some it for profit? Keep Villa Park obviously. And the farm for McCormack and Micah.

But with an injection to clear the mortgages, we solve some of the loss making (a small amount I would imagine), re-value to decrease significant losses and dispose of some for profit.

Why wasn't this considered before, unless FFP was convenient mask for an absence of working capital?
« Last Edit: July 23, 2018, 07:43:31 PM by Ads »

Offline Smoke

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Re: NSWE Investment
« Reply #349 on: July 23, 2018, 07:47:43 PM »
Profitability was the word.

If your house doubled in value overnight you wouldn't make any profit until you sell it, you would however be in a more financially stable position without selling.


Edit. Oh you've deleted your post now. Wish I'd quoted.

Offline Ads

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Re: NSWE Investment
« Reply #350 on: July 23, 2018, 07:51:10 PM »
Me? Ive just added to it bud.

Offline Smoke

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Re: NSWE Investment
« Reply #351 on: July 23, 2018, 07:52:46 PM »
Nah not you.

Offline PeterWithesShin

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Re: NSWE Investment
« Reply #352 on: July 23, 2018, 07:52:54 PM »
Someone else made a post and then deleted it.

Offline Ad@m

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Re: NSWE Investment
« Reply #353 on: July 23, 2018, 07:56:24 PM »
I thought I'd been quick enough!! ;)

Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though.

Offline PeterWithesShin

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Re: NSWE Investment
« Reply #354 on: July 23, 2018, 07:57:34 PM »
We see everything.

Offline Steve67

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Re: NSWE Investment
« Reply #355 on: July 23, 2018, 08:09:09 PM »
We see everything.

Oh bugger!!  I'd better pout my pants back on then!

Offline Ads

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Re: NSWE Investment
« Reply #356 on: July 23, 2018, 08:16:59 PM »
I thought I'd been quick enough!! ;)

Under normal circumstances upwards revaluations don't create an income statement impact, but if it's a reversal of a previous downward revaluation then it might. I'm not close enough to the FFP regs to know if that's an allowable profit though.

It seems (according to Matt Scott) that it's exclusion from FFP took place under Premier League FFP where our permitted losses were £105m. We'd have, with its inclusion, lost £109m so would have been unlikely to be sanctioned. This gives us scope to revalue.

Offline cdbearsfan

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Re: NSWE Investment
« Reply #357 on: July 23, 2018, 08:30:16 PM »
I'm very confused.

Can someone advise which of the following is true, please?

(a) we are still in the shit because of FFP and have to sell off Grealish and probably others just to avoid punishment. Signing players is a virtual impossibility.

(b) we still provably need to sell Grealish but, so long as we don't get completely ripped off on the price, we are basically fine.

(c) we don't even need to sell anyone, all our worries are over, we can sign who we like, Bono is dead, the sleeves are going to be dyed blue and they're making a new series of The Thick Of It. Everything is great.

Offline Fred Crump

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Re: NSWE Investment
« Reply #358 on: July 23, 2018, 08:37:12 PM »
I'm very confused.

Can someone advise which of the following is true, please?

(a) we are still in the shit because of FFP and have to sell off Grealish and probably others just to avoid punishment. Signing players is a virtual impossibility.

(b) we still provably need to sell Grealish but, so long as we don't get completely ripped off on the price, we are basically fine.

(c) we don't even need to sell anyone, all our worries are over, we can sign who we like, Bono is dead, the sleeves are going to be dyed blue and they're making a new series of The Thick Of It. Everything is great.

Sorry , I don’t know but I really really hope it’s c.

Online Sexual Ealing

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Re: NSWE Investment
« Reply #359 on: July 23, 2018, 08:38:44 PM »
Paying off the mortgages is obviously good news but maybe does add some validity to what the guy from etorro was saying on talk sport today.

Basically we took a hit financially when we got relegated by devaluing our land and properties etc. He reckoned we could re appraise those values at a higher market value. Thus increasing our profitability and sustainability which is the EFL's version of what everyone is calling FFP.

Wouldn't be too much of a surprise to find the press etc had sensationalized our impending doom a bit. 

The £40 million hole in FFP figure continues to be quoted by all and sundry without much basis.

If anyone wants to go over it again the assumptions/calculations were on the Swissramble twitter posts.

Noooooooooooooooo!

 


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