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Author Topic: Financial fair play  (Read 219681 times)

Offline oldhill_avfc

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Re: Financial fair play
« Reply #1095 on: July 05, 2019, 03:59:57 PM »
That's what I thought.

So, the assets were valued at £80m 3 years ago, that means that unless the stadium was very much a minority of the total assets/land then there's not a lot of profit in the sale for the purposes of FFP (but maybe they only needed a small amount to meet the regulations?).

Not that I think it's a big deal btw - just curious. 

Online ChicagoLion

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Re: Financial fair play
« Reply #1096 on: July 05, 2019, 04:22:33 PM »
Without the Balance Sheet in front of me I am guessing you are referring to Net Assets or Net Worth = Total Assets less Total Liabilities.

Offline cheltenhamlion

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Re: Financial fair play
« Reply #1097 on: July 08, 2019, 07:08:45 PM »
The amount paid appears to be the exact amount we lost last season if the guesstimate numbers are correct. Fuck it. There is nothing anyone can argue based on book value so this thread can now disappear quietly. I presume it has caused a meltdown elsewhere mind.

Offline Toronto Villa

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Re: Financial fair play
« Reply #1098 on: July 08, 2019, 07:34:37 PM »
Can we send this thread over to the noses? It will be a wonderful story, full of laughs and hope and hilarity that ends as a fucking nightmare for them.

Offline Risso

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Re: Financial fair play
« Reply #1099 on: July 08, 2019, 09:23:32 PM »
That's what I thought.

So, the assets were valued at £80m 3 years ago, that means that unless the stadium was very much a minority of the total assets/land then there's not a lot of profit in the sale for the purposes of FFP (but maybe they only needed a small amount to meet the regulations?).

Not that I think it's a big deal btw - just curious. 

The stadium and land were valued at £80m 3 years ago, then we were relegated and there was an impairment review, and it was written down to just over £40m.  So I reckon there's round about a £15m boost to profit, ad the whole proceeds amount as a cashflow boost.  On paper, anyway.


Offline pauliewalnuts

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Re: Financial fair play
« Reply #1100 on: July 09, 2019, 02:31:05 PM »
The owners have just put another £30m in by issuing shares:

https://twitter.com/KieranMaguire/status/1148581195187441664

Offline olaftab

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Re: Financial fair play
« Reply #1101 on: July 09, 2019, 02:38:22 PM »
The owners have just put another £30m in by issuing shares:

https://twitter.com/KieranMaguire/status/1148581195187441664
The owners have put in another £40m into the club today apparently - maybe the sky is the limit.
Come on chaps is it 30 or 40?😊

Offline Toronto Villa

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Re: Financial fair play
« Reply #1102 on: July 09, 2019, 02:44:40 PM »
A roll of cash they found tucked into their socks.

Offline pauliewalnuts

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Re: Financial fair play
« Reply #1103 on: July 09, 2019, 03:02:54 PM »
The owners have just put another £30m in by issuing shares:

https://twitter.com/KieranMaguire/status/1148581195187441664
The owners have put in another £40m into the club today apparently - maybe the sky is the limit.
Come on chaps is it 30 or 40?😊

It is 41,666,667 shares at £0.72 each - £30m.

Offline cdbearsfan

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Re: Financial fair play
« Reply #1104 on: July 09, 2019, 03:04:31 PM »
Aren't Recon Tony Xia's bunch? Isn't this just him selling a bit more of his stake as was always likely to happen?

Offline Ads

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Re: Financial fair play
« Reply #1105 on: July 09, 2019, 03:07:56 PM »
No, but it dillutes his holding further by issuing further shares he cannot buy. He must be under 10% now.

Offline pauliewalnuts

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Re: Financial fair play
« Reply #1106 on: July 09, 2019, 03:08:53 PM »
No, but it dillutes his holding further by issuing further shares he cannot buy. He must be under 10% now.

Unless he's bought some of them, obvs.

Offline hilts_coolerking

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Re: Financial fair play
« Reply #1107 on: July 09, 2019, 03:10:42 PM »
That's Bale's wages covered for a year then.

Offline Rudy Can't Fail

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Re: Financial fair play
« Reply #1108 on: July 09, 2019, 03:18:32 PM »
No, but it dillutes his holding further by issuing further shares he cannot buy. He must be under 10% now.

Unless he's bought some of them, obvs.

We (Xia) still have to pay an additional few million to Randy Lerner based on our promotion. That may explain the £30m. The other obvious reason for dropping it in the bank account is we won't receive our PL millions until sometime next year. These new players' clubs require payments.

Offline pauliewalnuts

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Re: Financial fair play
« Reply #1109 on: July 09, 2019, 03:25:05 PM »
No, but it dillutes his holding further by issuing further shares he cannot buy. He must be under 10% now.

Unless he's bought some of them, obvs.

We (Xia) still have to pay an additional few million to Randy Lerner based on our promotion. That may explain the £30m. The other obvious reason for dropping it in the bank account is we won't receive our PL millions until sometime next year. These new players' clubs require payments.

If there is another 30m due to Randy as part of the purchase, it won't be coming through the club, it'll be coming from the new owners hence no need for this jiggery pokery.

 


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