Thu Mar 08, 2018 2:44 pm
Thu Mar 08, 2018 2:45 pm
Thu Mar 08, 2018 3:18 pm
Thu Mar 08, 2018 5:14 pm
Dobbin wrote:Fair play that is an excellent factual write up of where we stand as club financially.
Good news debt is slowly going down whilst still trying to juggle with having a competitive squad.
From that Tan is not charging any interest and although did not write any debt in that years accounts has already done so this year.
Keith do you see the issue of the Tormen debt a problem ?
We are now running the club sensibly and it is now time for people to put the past behind them and back the bluebirds to the premier league.
Onwards and upwards
Thu Mar 08, 2018 5:34 pm
Tony Blue Williams wrote:Dobbin wrote:Fair play that is an excellent factual write up of where we stand as club financially.
Good news debt is slowly going down whilst still trying to juggle with having a competitive squad.
From that Tan is not charging any interest and although did not write any debt in that years accounts has already done so this year.
Keith do you see the issue of the Tormen debt a problem ?
We are now running the club sensibly and it is now time for people to put the past behind them and back the bluebirds to the premier league.
Onwards and upwards
For some reason I get the feeling that Tormen are the new PMG
Thu Mar 08, 2018 6:23 pm
Thu Mar 08, 2018 6:51 pm
Thu Mar 08, 2018 6:58 pm
Thu Mar 08, 2018 7:09 pm
2blue2handle wrote:I always thought Dalman will eventually lead a consortium to buy from Vinny.
Thu Mar 08, 2018 7:11 pm
Forever Blue wrote:More from Keith Morgan:
I have had a quick look back as far as the year ended 31 May 2012. The loss that year was £13m.
From then until May 2017 , the losses have been £30.4m 2013 (I seem to recall that figure included promotion bonuses of around £8m) , £12m in 2014 , a profit of £3.9m in 2015 (this was distorted by the need to apply a new accounting requirement which improved profits by around £13m) , a loss of £8.7m in 2016 and now a loss of £21.1m in 2017.
As for Vincent Tan debt write-offs or debt to equity swaps , there were none prior to the year ended 31 May 2015. In that year there was a debt write=off of £13m , followed by a further write-off of £10m in 2016.
The first debt to equity swap was in 2016/17 and was £8m. In June 2017 (i.e. after the May 2017 accounts year end) , there was a further debt to equity swap of £12.7m
The net liabilities (total liabilities less total assets) total as at 31 May 2017 was £80.8m. It has never been higher to my knowledge. I think the far higher figures people are quoting are the gross debts of the club (i.e. before offsetting the value of assets). For example , in the year to 31 May 2014 , there were gross debts of £157.2m (higher than the £151.9m as at 31 May 2017) , but there were assets of £91.4m to set off against this , taking the net liabilities down to £65.8m.
Thu Mar 08, 2018 7:13 pm
Thu Mar 08, 2018 7:34 pm
Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Thu Mar 08, 2018 7:36 pm
grange_end1927 wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Thu Mar 08, 2018 9:01 pm
pembroke allan wrote:grange_end1927 wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Standard comercial rate! isn't tans the same except he doesn't take it?
Thu Mar 08, 2018 9:03 pm
Gaynor Straight wrote:pembroke allan wrote:grange_end1927 wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Standard comercial rate! isn't tans the same except he doesn't take it?
Didn't know it was standard rate. Nice return if it's paid up!
Thu Mar 08, 2018 9:31 pm
Gaynor Straight wrote:pembroke allan wrote:grange_end1927 wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Standard comercial rate! isn't tans the same except he doesn't take it?
Didn't know it was standard rate. Nice return if it's paid up!
Thu Mar 08, 2018 10:53 pm
Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Fri Mar 09, 2018 8:53 am
maccydee wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Langstone, PMG and isaacs all charged higher.
Most of them also took wages out of the club. Aren’t Dalman and Choo paid by Tan not the club b?
Fri Mar 09, 2018 9:12 am
wez1927 wrote:maccydee wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Langstone, PMG and isaacs all charged higher.
Most of them also took wages out of the club. Aren’t Dalman and Choo paid by Tan not the club b?
20% Isaacs
Fri Mar 09, 2018 9:46 am
Fri Mar 09, 2018 12:46 pm
piledriver64 wrote:wez1927 wrote:maccydee wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Langstone, PMG and isaacs all charged higher.
Most of them also took wages out of the club. Aren’t Dalman and Choo paid by Tan not the club b?
20% Isaacs
Yes, we may all have our own views on the current regime but one thing is pretty clear; none of them are screwing the club for short-term gain.
They may well be looking at the medium/long-term with a view to making money on their investment but that would, surely, rely on promotion so everyone seems to be pulling in the same direction albeit for, possibly, different reasons Nice not to have a financial report on impending doom
Fri Mar 09, 2018 1:59 pm
maccydee wrote:piledriver64 wrote:wez1927 wrote:maccydee wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Langstone, PMG and isaacs all charged higher.
Most of them also took wages out of the club. Aren’t Dalman and Choo paid by Tan not the club b?
20% Isaacs
Yes, we may all have our own views on the current regime but one thing is pretty clear; none of them are screwing the club for short-term gain.
They may well be looking at the medium/long-term with a view to making money on their investment but that would, surely, rely on promotion so everyone seems to be pulling in the same direction albeit for, possibly, different reasons Nice not to have a financial report on impending doom
That is the main thing here. Despite Annis attempting to twist it as a bad thing I have just wrote how much better off we are.
What mess? We aren’t selling players for pittance to pay wages. We aren’t in court constantly facing being wound up. We aren’t having transfer embargoes due to FFP or any other reason. We aren’t using next seasons money to pay this months tax/wage bill.
We are positively thriving.
Fri Mar 09, 2018 11:10 pm
maccydee wrote:piledriver64 wrote:wez1927 wrote:maccydee wrote:Gaynor Straight wrote:8% interest charged on loans made by one of Dalmans companies - wow!
Langstone, PMG and isaacs all charged higher.
Most of them also took wages out of the club. Aren’t Dalman and Choo paid by Tan not the club b?
20% Isaacs
Yes, we may all have our own views on the current regime but one thing is pretty clear; none of them are screwing the club for short-term gain.
They may well be looking at the medium/long-term with a view to making money on their investment but that would, surely, rely on promotion so everyone seems to be pulling in the same direction albeit for, possibly, different reasons Nice not to have a financial report on impending doom
That is the main thing here. Despite Annis attempting to twist it as a bad thing I have just wrote how much better off we are.
What mess? We aren’t selling players for pittance to pay wages. We aren’t in court constantly facing being wound up. We aren’t having transfer embargoes due to FFP or any other reason. We aren’t using next seasons money to pay this months tax/wage bill.
We are positively thriving.