Quote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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
Quote from: Risso on March 08, 2017, 03:53:17 PMThe 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 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.
Quote from: LeeB on March 09, 2017, 01:54:43 PMQuote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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 thatThanks mate. Getting that tattooed on my neck in Cyrillic script. I'll obviously credit you somewhere towards the clavicle in Sanskrit.
Quote from: Sexual Ealing on March 09, 2017, 09:18:43 PMQuote from: LeeB on March 09, 2017, 01:54:43 PMQuote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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 thatThanks mate. Getting that tattooed on my neck in Cyrillic script. I'll obviously credit you somewhere towards the clavicle in Sanskrit. And to think that if it had been spotted earlier it could have been you flogging the broken backs of Britain's entrepreneurial heroes, and not Phillip Hammond.
Quote from: LeeB on March 09, 2017, 09:31:52 PMQuote from: Sexual Ealing on March 09, 2017, 09:18:43 PMQuote from: LeeB on March 09, 2017, 01:54:43 PMQuote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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 thatThanks mate. Getting that tattooed on my neck in Cyrillic script. I'll obviously credit you somewhere towards the clavicle in Sanskrit. And to think that if it had been spotted earlier it could have been you flogging the broken backs of Britain's entrepreneurial heroes, and not Phillip Hammond.We're both good in our own fields, Lee. He couldn't do what I do and...actually I could do what he does, and I think he knows that. Probably what spurred him on.
Quote from: adrenachrome on March 09, 2017, 06:52:58 PMKeith Wyness sat down for an exclusive chat with the Birmingham MailQuoteOn AccountsThe 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?
Keith Wyness sat down for an exclusive chat with the Birmingham MailQuoteOn AccountsThe 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.
On AccountsThe 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.
Be that as it may, have you yet procured a mighty flowing cape, or a poncho?
Quote from: four fornicholl on March 09, 2017, 09:18:24 PMQuote from: adrenachrome on March 09, 2017, 06:52:58 PMKeith Wyness sat down for an exclusive chat with the Birmingham MailQuoteOn AccountsThe 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?I think a bit like if you own a house on a street; and everyone values there house at 200k on thy street (let's assume they are all the same new build types) then it's valued at 200k on paper.If you sell that house to someonefor 100k; it's hard for the buyer to then start bragging his house is worth 200k given he just paid half of that.So the actual value of the club and its assets could be higher but of a more illiquid nature, since Lerner wanted out for cash that is very liquid in its nature he accepted less of one for more of the other.I'm no accountant mind.
Quote from: Rudy Can't Fail on March 09, 2017, 02:40:15 PMQuote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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.
Quote from: Sexual Ealing on March 08, 2017, 04:56:37 PMQuote from: Risso on March 08, 2017, 03:53:17 PMThe 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?
these accounts are from the end of Lerners reignthe losses are irrelevant now we have a new owner buying up the worlds sport and entertainment industries
Quote from: john e on March 10, 2017, 12:19:53 PMthese accounts are from the end of Lerners reignthe losses are irrelevant now we have a new owner buying up the worlds sport and entertainment industriesBit of an exaggeration, mind.