The Long Awaited Accounts....

[shipscat]

So we rewarded Foxy with over 2.5million for 18 months of incompetence, failure and a false narrative leading to Huddersfield Away on a Tuesday evening

Nice work if you're in the loop

[dave.woodhall]

So we rewarded Foxy with over 2.5million for 18 months of incompetence, failure and a false narrative leading to Huddersfield Away on a Tuesday evening

Nice work if you're in the loop

That's football, whatever your job title is.

[TheMalandro]

So we rewarded Foxy with over 2.5million for 18 months of incompetence, failure and a false narrative leading to Huddersfield Away on a Tuesday evening

Nice work if you're in the loop

I'm sure the report I read, it stated Fox was paid much more than that.


Not that it makes a difference.

[Risso]

So we rewarded Foxy with over 2.5million for 18 months of incompetence, failure and a false narrative leading to Huddersfield Away on a Tuesday evening

Nice work if you're in the loop

Paul Faulkner was main hopeless and out of his depth, but at least he only earned a 10th of what Fox did.

That's football, whatever your job title is.

[kippaxvilla2]

The £44.8m impairment is on tangible fixed assets - so bricks and mortar?  What could that be?

There is a £34m loan note on the balance sheet - as this predates Mr Xia not sure this is.  I thought originally it was money owed to him.  £45m of this and bank loan monies are repayable within 12 months.  Is it money still owed to Randy then.

[Risso]

The impairments are the writing down of assets to their recoverable value. When you've just sold the club hard for a certain amount it's hard to argue that they're worth more.

[AVH87]

The £44.8m impairment is on tangible fixed assets - so bricks and mortar?  What could that be?

There is a £34m loan note on the balance sheet - as this predates Mr Xia not sure this is.  I thought originally it was money owed to him.  £45m of this and bank loan monies are repayable within 12 months.  Is it money still owed to Randy then.

Could this £45m be a provision that Xia has to pay Lerner if we get promoted, as that figure seems to ring a bell from when Xia bought the club?

[Sexual Ealing]

The impairments are the writing down of assets to their recoverable value. When you've just sold the club hard for a certain amount it's hard to argue that they're worth more.

So I WAS right?!

[LeeB]

The impairments are the writing down of assets to their recoverable value. When you've just sold the club hard for a certain amount it's hard to argue that they're worth more.

So I WAS right?!

The boy's got natural ledger awareness. You can't teach that

[Rudy Can't Fail]

The impairments are the writing down of assets to their recoverable value. When you've just sold the club hard for a certain amount it's hard to argue that they're worth more.

So I WAS right?!

You sure love to ball. What's the matter with you? Ego tripping out?

[adrenachrome]

Keith Wyness sat down for an exclusive chat with the Birmingham Mail

On Accounts

The accounts released on Monday were for the year before we took over the club.

In layman’s, because unless you’re an accountant this gets quite technical because it’s all around this issue called compartment and it is more of an accounting term that’s used.

What is basically means is that once the club was sold at the price Tony bought it for then the value that the club was already at carried over, which was higher than what the club was bought for, meant it had to be adjusted down to a realistic market price.

So, what we actually did was, although we had a notion able value of what the club was worth, with what it was actually sold at it created a real crystallised market value.

Then you have to cut down the money you’re carrying on the books. So, it’s an accounting treatment more than anything else.

Crystal clear, KW.

[SoccerHQ]

I wonder what Fox was on at Arsenal.

Can't be that many chief execs on 3m a year in the prem unless Football really has gone bonkers.

[PeterWithe]

Keith Wyness sat down for an exclusive chat with the Birmingham Mail

On Accounts

The accounts released on Monday were for the year before we took over the club.

In layman’s, because unless you’re an accountant this gets quite technical because it’s all around this issue called compartment and it is more of an accounting term that’s used.

What is basically means is that once the club was sold at the price Tony bought it for then the value that the club was already at carried over, which was higher than what the club was bought for, meant it had to be adjusted down to a realistic market price.

So, what we actually did was, although we had a notion able value of what the club was worth, with what it was actually sold at it created a real crystallised market value.

Then you have to cut down the money you’re carrying on the books. So, it’s an accounting treatment more than anything else.

Crystal clear, KW.

I think Sexual Ealing explained it better.

[Sexual Ealing]

The impairments are the writing down of assets to their recoverable value. When you've just sold the club hard for a certain amount it's hard to argue that they're worth more.

So I WAS right?!

You sure love to ball. What's the matter with you? Ego tripping out?

Only joking, fella.

[four fornicholl]

Keith Wyness sat down for an exclusive chat with the Birmingham Mail

On Accounts

The accounts released on Monday were for the year before we took over the club.

In layman’s, because unless you’re an accountant this gets quite technical because it’s all around this issue called compartment and it is more of an accounting term that’s used.

What is basically means is that once the club was sold at the price Tony bought it for then the value that the club was already at carried over, which was higher than what the club was bought for, meant it had to be adjusted down to a realistic market price.

So, what we actually did was, although we had a notion able value of what the club was worth, with what it was actually sold at it created a real crystallised market value.

Then you have to cut down the money you’re carrying on the books. So, it’s an accounting treatment more than anything else.

Crystal clear, KW.

What was that middle bit again Keith?