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Usmanov

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Neiler said:
Its gotten a whole lot easier since the summer with STCC coming to an end and financial fair play period coming into play. if we had invested wiser and managed better we really should be attacking the league. It should really be good news for the likes of us, Wolves and Leicester, who can now spend a bit more like drunken sailors then we did under STCC.

Our finances are a mess though if you are looking at strictly through running a good viable business.
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Why are our finances in a mess?

People keep saying this but I've seen absolutely ZERO evidence. Next set of accounts arent even available.
 
75793
 
It only takes common sense to know that we can't spend the transfer and wages that we have been to finish mid-table - sack managers and loan expensive players out for buttons.
 

ToffeeTim said:
Why are our finances in a mess?

People keep saying this but I've seen absolutely ZERO evidence. Next set of accounts arent even available.
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Moshiri and Usminov may be very wealthy men but the clubs finances as a business are a mess. Getting the money into the business and meeting our regulatory commitments is a challenge as i have mentioned and as you can see below.

Projected from May 18 - May 19 (doesn't include this summer spending/sales etc):

Total income: 175mill
Profit on player sales: 13 mill

Wages: 145mill
Other Operating costs: 40mill
Depreciation: 4 mill
Amort 80 mill
Exceptional costs: 12 mill
Interest: 2k

Projected on subjective figures 90 -100 mill loss.

* Depending on planning decision of BMD before March we may be able to write 30 mill off but wont be in this set of accounts.

* Doesnt include whatever equity Moshiri may have provided if any.

* We also changed our financial year from ending in May to June this year so may include an odd sale of anyone we sold in June 19 as minus on the overall loss.
 
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Neiler said:
Moshiri and Usminov may be very wealthy men but the clubs finances as a business are a mess. Getting the money into the business and meeting our regulatory commitments is a challenge as i have mentioned as you can see below.

Projected from May 18 - May 19 (doesn't include this summer spending/sales etc):

Total income: 175mill
Profit on player sales: 13 mill

Wages: 145mill
Other Operating costs: 40mill
Depreciation: 4 mill
Amort 80 mill
Exceptional costs: 12 mill
Interest: 2k

Projected on subjective figures 90 -100 mill loss.

* Depending on planning decision of BMD before March we may be able to write 30 mill off but wont be in this set of accounts.

* Doesnt include whatever equity Moshiri may have provided if any.

* We also changed our financial year from ending in May to June this year so may include an odd sale of anyone we sold in June 19 as minus on the overall loss.
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P&L figures not what I'd be looking at to determine strength of a big business.

Balance sheet far more important. Lots of hypotheticals and unknowns in there too so I dont really get the point in worrying. Its football too, not real life. The same principles dont apply.
 

ToffeeTim said:
P&L figures not what I'd be looking at to determine strength of a big business.

Balance sheet far more important. Lots of hypotheticals and unknowns in there too so I dont really get the point in worrying. Its football too, not real life. The same principles dont apply.
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Agreed they are subjective and projected id acknowledge that. Id say im in the ball park though.

Id disagree on the rest of your point i think it does hold significance in terms of health of a business, in isolation to Moshiri and or Usminov.

But like your own point that further investment at this point is subjective, on your belfief that 1) Moshiri will invest more 2) Usminov is indeed involved - we dont know either of those things for certain. We do know are accounts exist. So its blind faith really, it could be true it could be false.

Overall the health of the business in isolation is a mess and unsustainable. Before we look at ways equity could get to the club if we go with the blind faith premise, if it ever does. But the accounts of the business make both problematical.

Its an awful lot easier to invest and grow the business and progress the club when we arent making such a whopping loss.
 
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Neiler said:
Agreed they are subjective and projected id acknowledge that.

Id disagree on the rest of your point i think it does hold significance in terms of health of a business, in isolation to Moshiri and or Usminov. But like your own point that is subjective, on you belfief that 1) Moshiri will invest more 2) Usminov is indeed involved - we dont know either of those thing for certain. We do know are accounts exist.

Overall the health of the business in isolation is a mess and unsustainable. Before we look at ways equity could get to the cub, if it ever does. But the acocunts of the business make both problematical.
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I have no idea if Usmanov is involved. Unfortunately I dont know those sort of things.

But I completely disagree we are in a mess. And I dont get your point about the accounts. Of course they exist. But they haven't been made public yet so why are they being discussed?
 
Hi Carlo,

We’ve got this job for you, only it’s not quite what you’re used to, look at it as an opportunity to express your prudent side.

Here’s an article written by a lad off the internet, should explain everything.

CA: Great, where do I sign?
 

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