Annual accounts are out

[Dan Deacon 55,508]

Just now, Colin Traive said:

Initial thoughts:

Is Bassey sale included?

How much of that 55m is wasted on our casualty department stiffs?

The Sports Direct figure distorts the total, more like 12m excluding that

We don’t have a cupboard full of Pattersons, Aribos and Basseys to sell and it is more likely to cost 4m than bring in 4m to get shot of Gio

Need a coffee for further reflection 

No. Nor aribo.

[esquire8 43,067]

5 minutes ago, Ivybank said:

17 million in uefa money up till June this year

Made the same from Champions League this season.

[RFC55 109,404]

2 minutes ago, The Ibrox Derry said:

I would bet he does shit like a horse, after all the hospitality he guzzles 🤣🤣🤣

He’s defo wiped his cock on your curtains 

[Prso's headband 35,654]

CL money this season and the sales of Bassey and Aribo aren’t included and we still made a profit? I think that’s pretty reasonable but then again makes me question why our lack of spending when we have guaranteed millions coming in. 
 

Amazing we were told by all and sundry SD were out the club, nobody cared to mention the £6m pay off though. 

[esquire8 43,067]

1 minute ago, Prso's headband said:

CL money this season and the sales of Bassey and Aribo aren’t included and we still made a profit? I think that’s pretty reasonable but then again makes me question why our lack of spending when we have guaranteed millions coming in. 
 

Amazing we were told by all and sundry SD were out the club, nobody cared to mention the £6m pay off though. 

We needed to get to a EL final to do that though. Can't rely on that every season. CL group stages made us the same money.

When we were told about SD being gone they weren't really until this year.

[Colin Traive 22,923]

1 minute ago, Dan Deacon said:

No. Nor aribo.

So, with no Sports Direct settlement this year and including Aribo/Bassey sales, the 22/23 picture should be significantly better? Funds for new manager to refresh squad?

Not sure how this year’s European revenue will compare and we’re probably looking at £8m swing in fees/payoffs for management team?

 

[Smell the hotdog 4,016]

3 minutes ago, esquire8 said:

We needed to get to a EL final to do that though. Can't rely on that every season. CL group stages made us the same money.

When we were told about SD being gone they weren't really until this year.

Are they really gone? Cunts release the top before we do, what other club does that happen to?

 

[The Ibrox Derry 8,933]

7 minutes ago, RFC55 said:

He’s defo wiped his cock on your curtains 

🤣🤣🤣🤣

[Prso's headband 35,654]

1 minute ago, esquire8 said:

We needed to get to a EL final to do that though. Can't rely on that every season. CL group stages made us the same money.

When we were told about SD being gone they weren't really until this year.

Yes so that’s the issue. It’s either a £17m CL campaign or a long EL run or a player sold for the same money. 
 

How can the board sit there and say that’s a success? EL run will happen once in a blue moon, the CL might be every 2-3 years if we continue to play qualifiers and we don’t have a single player in the squad just now even close to being worth £17m. 
 

How Wilson is still in a job because he sold 2 players, one of which was an academy player is mental. We don’t have a single saleable asset for the next 2 transfer windows. Kamara, Morelos and Kent are all worth under £10m together now. 

[The Specky Forum Organiser 65,260]

£5.9m profit after selling Patterson and reaching a European final how's we couldn't have backed the previous managermuch last summer without player sales 

[esquire8 43,067]

Just now, Smell the hotdog said:

Are they really gone? Cunts release the top before we do, what other club does that happen to?

 

They have a deal with the chuckle brothers at Castore. Not with us. Castore run our entire merchandise wing.

[STEPPS BOY 74,312]

14.3 million paid back in loans is eyewatering tbh.

 

A significant chunk spent on Capital expenditure (£10 million) with another £9 million set aside for more.

[esquire8 43,067]

Aye, directors didn't take any of the income..... they turned it into equity...... 

Mr Best in Class being the worst offender.

[STEPPS BOY 74,312]

£8.2 million to Ashley.

Jesus suffering fuck.

[esquire8 43,067]

1 minute ago, STEPPS BOY said:

£8.2 million to Ashley.

Jesus suffering fuck.

£6m was for Ashley. The other £2.2m maybe Elite/Hummel debacle?

[The Specky Forum Organiser 65,260]

2 minutes ago, esquire8 said:

Aye, directors didn't take any of the income..... they turned it into equity...... 

Mr Best in Class being the worst offender.

Not sure what you're angry about here?

[esquire8 43,067]

Just now, The Specky Liar said:

Not sure what you're angry about here?

Not angry. Just proves certain posters wrong that all loans given to the club were turned into equity and not paid back with interest on top.

[The Specky Forum Organiser 65,260]

1 minute ago, esquire8 said:

Not angry. Just proves certain posters wrong that all loans given to the club were turned into equity and not paid back with interest on top.

Let's be honest the accounts  are fairly positive and you are looking for things to moan about 

[TheBluebells 6,898]

5 minutes ago, esquire8 said:

Aye, directors didn't take any of the income..... they turned it into equity...... 

Mr Best in Class being the worst offender.

Does that money still not get converted into shares?

[Prso's headband 35,654]

“We got rid of SD, praise us please we’re so wonderful”*

 

 

 

 

 

 

* It cost £8.2m though, left that out

[graeme_4 34,757]

1 minute ago, esquire8 said:

Not angry. Just proves certain posters wrong that all loans given to the club were turned into equity and not paid back with interest on top.

Business people don’t just hand out £millions, particularly at the scale these guys operate at.

Gave us capital to help elevate us, and it’s being returned, as / when it can be.

Some has been turned into equity. 

[chris182 6,317]

17 minutes ago, Prso's headband said:

CL money this season and the sales of Bassey and Aribo aren’t included and we still made a profit? I think that’s pretty reasonable but then again makes me question why our lack of spending when we have guaranteed millions coming in. 
 

Amazing we were told by all and sundry SD were out the club, nobody cared to mention the £6m pay off though. 

Notwithstanding what we're currently going through on the field, the board need to pay for this with their jobs - ridiculous state of affairs.

[Tiger Shaw 30,659]

So no administration 3234?

 Disappointing  

[ShanksRFC 3,870]

Sports Direct really did lead us a merry dance.

[The Beast 9,242]

9 minutes ago, esquire8 said:

Aye, directors didn't take any of the income..... they turned it into equity...... 

Mr Best in Class being the worst offender.

It's just a different flavour of spiv churning out lies that they believe the masses are too stupid to understand