SeparateEntityMyArse 53,715 Posted November 21, 2020 Share Posted November 21, 2020 If we'd sold Morelos for what we'd been offered (imo we tried to squeeze a few more million out of it) our accounts would be bang on despite the pandemic but we'd be in a worse off position on the pitch. Time will tell whether it was the right decision to hold out for more. But regardless, the Board deserve huge credit for keeping us stronger on the playing field than any time in the last decade in such an important season. Buckling and selling for 16m would have been an easy decision to make if breaking even was the priority. Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted November 21, 2020 Share Posted November 21, 2020 6 minutes ago, eskbankloyal said: No. Direct costs will be agent fees and possible signing on bonus Who were the 7 and one loan we signed this summer? Link to post Share on other sites More sharing options...
scottyscott1963 18,293 Posted November 21, 2020 Share Posted November 21, 2020 no chance of a divi then???? ................ Link to post Share on other sites More sharing options...
ArthurNuman 111 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, Jimbeamjunior said: Who were the 7 and one loan we signed this summer? Defoe, Roofe, Itten, Balogun, Bassey, McLaughlin & Zungu Was Davis only on loan and a permanent this summer similar to Defoe? Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted November 21, 2020 Share Posted November 21, 2020 Just now, ArthurNuman said: Defoe, Roofe, Itten, Balogun, Bassey, McLaughlin & Zungu Was Davis only on loan and a permanent this summer similar to Defoe? Davis and defoe were perma before summer i thought, zungu is the loan so even with defoe that's only 6 Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 21, 2020 Share Posted November 21, 2020 4 minutes ago, Jimbeamjunior said: Who were the 7 and one loan we signed this summer? Roofe Itten Hagi Balogun Bassey McLaughlin Defoe Zungu on loan Link to post Share on other sites More sharing options...
Howsitgoing 4,281 Posted November 21, 2020 Share Posted November 21, 2020 Are they still having issues getting loans? Only reason I could see why they would need to have so much cash in the bank accruing next to nothing whilst paying interest fees on debt. We aren’t yet working in a level playing field in regards to our financial situation. Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, Rangers_no1 said: Bassey, Defoe, Roofe, Itten, Balogun, Hagi, McLaughlin and Zungu(loan) Thought defoe was perma before this summer, Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted November 21, 2020 Share Posted November 21, 2020 How the fuck did we spend 15mill on they signings, Link to post Share on other sites More sharing options...
scottyscott1963 18,293 Posted November 21, 2020 Share Posted November 21, 2020 12 hours ago, SeparateEntityMyArse said: Fenians in a frenzy. the mutant bastards will be counting using 8 fingers,4 thumbs and 12 toes 12 hours ago, Nameless Ghoul said: Not going to even pretend i know what it all means. Waiting for a breakdown from someone who does get yersel over to kerryfail street and the accountants will have worked it out by now Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, Jimbeamjunior said: How the fuck did we spend 15mill on they signings, Rough numbers but Roofe - £5m Itten - £3m Hagi - £3.5m Bassey - £0.5m There’s £12m so not a stretch that agent fees etc would take it up to £15m Link to post Share on other sites More sharing options...
Ger_onimo 20,488 Posted November 21, 2020 Share Posted November 21, 2020 10 hours ago, Jb85 said: Just saw this on FF: From the financial report.... The Group has submitted a claim on its Business Interruption insurance for losses caused by COVID-19, the curtailment of the 2019/20 season and the ongoing pandemic, which continues to impact a number of revenue streams and the use of the Stadium. The scale and timing of any claim is uncertain, however we have recognised amounts received from our insurers against our claim to date. Are insurers in Scotland already paying out on business interruption then? The test case is still being appealed by insurers in the Supreme Court in England Link to post Share on other sites More sharing options...
mclovin9091 1,388 Posted November 21, 2020 Share Posted November 21, 2020 11 hours ago, AlCapone said: Very interesting trends Thats fucking horrendous for them only making a profit in 2 years since 2014 and it wasn't much at that either. Just shows that in order for them to break even as it stands, is to sell £20m worth of players every year. Link to post Share on other sites More sharing options...
mclovin9091 1,388 Posted November 21, 2020 Share Posted November 21, 2020 5 minutes ago, Rangers_no1 said: Widely reported the transfer fees were around £9-£10m £2.7m Itten 300K Bassey £3.5m Roofe £3m Hagi Gerrard came out and said Roofe fee was nowhere near the reported figure. Our agent fees in the summer 2018/Jan 2019 was £915k, scums was £1.7m and we signed 20 players in those two windows and them 14. The extra £5/6m costs seems very excessive if it is indeed agent and sign on fees. Including wages in some of the figures? (Roofe) Link to post Share on other sites More sharing options...
G.E.C. 18,760 Posted November 21, 2020 Share Posted November 21, 2020 7 hours ago, McEwan's Lager said: Wouldn't call it a great position to be in tbh. What happens if we don't qualify for European group stages next season. Are investors willing and able to cover greater losses than £14m? What if something happens to Bennett or Park? Are the current group of investors going to cover the finance needed? The accounts are sort of fine in the medium term when you have a couple of people willing and able to provide this kind of cover. But that can turn all very quickly. Regarding Europe, worst case scenario we’d be guaranteed a place in the Europa Conference League. Not sure how rewarding it is financially though. Link to post Share on other sites More sharing options...
G13 3,038 Posted November 21, 2020 Share Posted November 21, 2020 23 minutes ago, eskbankloyal said: Rough numbers but Roofe - £5m Itten - £3m Hagi - £3.5m Bassey - £0.5m There’s £12m so not a stretch that agent fees etc would take it up to £15m That looks to me like good value to be honest. Link to post Share on other sites More sharing options...
King Jela 20,361 Posted November 21, 2020 Share Posted November 21, 2020 11 hours ago, AlCapone said: Very interesting trends Court cases at the Saville dome weighing them down a bit? 🤔 Link to post Share on other sites More sharing options...
SteveEarle 9,745 Posted November 21, 2020 Share Posted November 21, 2020 54 minutes ago, mclovin9091 said: Just shows that in order for them to break even as it stands, is to sell £20m worth of players every year. No wonder they have the press up here over hyping the values of some pretty average players for them. They do it all the time. Fucking clever to be fair. Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 21, 2020 Share Posted November 21, 2020 29 minutes ago, SteveEarle said: No wonder they have the press up here over hyping the values of some pretty average players for them. They do it all the time. Fucking clever to be fair. Papers have absolutely no effect on transfer fees. Arsenal didn't pay what they paid for Tierney because the record said that's what he's worth 😂 Link to post Share on other sites More sharing options...
SteveEarle 9,745 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, The Dude said: Papers have absolutely no effect on transfer fees. Arsenal didn't pay what they paid for Tierney because the record said that's what he's worth 😂 Talking them up doesn’t hurt though. Link to post Share on other sites More sharing options...
magic8ball 27,901 Posted November 21, 2020 Share Posted November 21, 2020 12 hours ago, Amato said: Have you just disregarded all of the associated costs of hosting those games? And VAT Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, SteveEarle said: Talking them up doesn’t hurt though. It doesn't help either. It has literally no effect. Link to post Share on other sites More sharing options...
MacBoyd 5,438 Posted November 21, 2020 Share Posted November 21, 2020 Slight concern I have is age of the squad. Most of the mainstays are mid to late 20s. We also rely heavily on 2 guys almost finished their careers who will need replaced. No youth players coming through. In the summer we need to add a few younger ones. Link to post Share on other sites More sharing options...
Amato 3,016 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, MacBoyd said: Slight concern I have is age of the squad. Most of the mainstays are mid to late 20s. We also rely heavily on 2 guys almost finished their careers who will need replaced. No youth players coming through. In the summer we need to add a few younger ones. Who are the two you mean? We have a fairly young squad Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 21, 2020 Share Posted November 21, 2020 3 minutes ago, MacBoyd said: Slight concern I have is age of the squad. Most of the mainstays are mid to late 20s. We also rely heavily on 2 guys almost finished their careers who will need replaced. No youth players coming through. In the summer we need to add a few younger ones. Both players (McGregor and Davis) have younger replacements coming through in McCrorie and Kennedy Link to post Share on other sites More sharing options...
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