going back a few days ago

[Yorkie]

Dave, you have the internet.
You can log onto Companies House and see the figures for yourself in the published audited accounts (which is where El Pres got his figures from)

Try it, you might even surprise yourself.

 

[Dave the OAP]

Dave, you have the internet.
You can log onto Companies House and see the figures for yourself in the published audited accounts (which is where El Pres got his figures from)

Try it, you might even surprise yourself.

I wouldnt be so rude as to say dont patronise me Yorkie,, irrespective of what you write in company accounts ( I was a finance director of a 25 million pound company so maybe I do know what I am talking about)...the suggestion that we are 13 million in debt is spurious as those loans which are "directors or other loans" are never meant to be redemable( obviously they will appear in the Balance Sheet as such, but anyone with one ounce of financial accumen would know they would never be called ina s there are no assets to draw this against)

For an explanation of that, read garry Lineker's autobiography regarding the financing of Leicester City FC

 

[Yorkie]

As El Pres is a lecturer in Economics and an expert in accountancy I prefer to believe his version thanks Dave.

 

[sir danny cullip]

As El Pres is a lecturer in Economics and an expert in accountancy I prefer to believe his version thanks Dave.

And he was on TV with a bird with big knockers

 

[Yorkie]

And he was on TV with a bird with big knockers

Exactly.

 

[British Bulldog]

I wouldnt be so rude as to say dont patronise me Yorkie,,

What does patronise mean? mrs bulldog accused me of doing that a while ago and I denied it, And then we realised that neither of us actualy knew what it meant!

I've asked a few other people and they cant explain it either!

 

[sir danny cullip]

What does patronise mean? mrs bulldog accused me of doing that a while ago and I denied it, And then we realised that neither of us actualy knew what it meant!

I've asked a few other people and they cant explain it either!

Talk down on someone, make them feel they are less important/clever than they actually are.

 

[Yorkie]

My post wasn't patronising.
My post was saying 'Dave don't try and make me out to be a rumour monger because it can be checked, which is why I said check it out for yourself.'

 

[clapham_gull]

I would also presume that since the cost of developing Falmer would have gone up since the 12,000 attendance break even figure was muted....

.. then the 12,000 attendance figure has also risen ?

 

[British Bulldog]

Talk down on someone, make them feel they are less important/clever than they actually are.

I thought that was called north stand chat?

 

[clapham_gull]

My post wasn't patronising.
My post was saying 'Dave don't try and make me out to be a rumour monger because it can be checked, which is why I said check it out for yourself.'

What you actually said was "Try it, you might even surprise yourself."

Which is a little patronising......

 

[sir danny cullip]

I thought that was called north stand chat?

Two of a kind

 

[brighton rock]

apart from the prem sides most lower league clubs run at a big loss

 

[El Presidente]

And he was on TV with a bird with big knockers

Every Friday, Sky channel 203, about 7.35am.

 

[clapham_gull]

Every Friday, Sky channel 203, about 7.35am.

Is that one of those channels where I would text in and try to persuade you to remove an item of clothing while you roll about on a bed in a cheap studio being filmed on a cheap web cam from Dixons ?

 

[Bry Nylon]

Every Friday, Sky channel 203, about 7.35am.

Do they bung you a few quid intio the bargain?

 

[Dave the OAP]

What you actually said was "Try it, you might even surprise yourself."

Which is a little patronising......

Yes but that is how Yorkie tends to do things....little digs here and there.

Anyway...in the overall time continuum, we are all like splashes of paint on a Turner canvas.

And some people are UBERFANS

 

[Brighton Breezy]

As El Pres is a lecturer in Economics and an expert in accountancy I prefer to believe his version thanks Dave.

Saucer of milk to table four...

The real issue is that Dave is questioning the club's version of events, which some SUPERfans have problems doing.

 

[Brovion]

What does patronise mean? mrs bulldog accused me of doing that a while ago and I denied it, And then we realised that neither of us actualy knew what it meant!

I've asked a few other people and they cant explain it either!

Well Mr Bulldog I'm sure you're a very nice man and very good at making trains run on time, but don't you think you should leave these conversations to the people who know what they're talking about?

 

[Lord Bracknell]

Saucer of milk to table four...

The real issue is that Dave is questioning the club's version of events, which some SUPERfans have problems doing.

The Club's "version of things" (as expressed in the Annual Accounts) is, of course, true.

But what does it MEAN?

As I read the situation, there are three sorts of debts -

(i) those that seriously need attention (because they cost the club money and they are owed to people who want to see the money repaid);

(ii) those that can sit in the accounts indefinitely (or at least until there is some sort of upheaval in the club's ownership and the creditors can reasonably ask for their money back); and

(iii) "technical" debts that arise from the fact that the annual accounts give a statement of affairs at a particular moment in time.

Obviously this is a very crude analysis, and a more detailed ibreakdown of the accounts would reveal more. But, in broad terms:-

In the first category are:-
Overdraft £335k
Suppliers £506k
Tax £494k
Bank loan £4.4million

In the second category:-
Group company (i.e. the directors) £5.4million
Directors current accounts £530k

And in the third category:-
Season ticket holders payments in advance £1.3m

It looks to me like there is a debt of about £6 million that needs serious servicing and that the Club needs to deploy a fair amount of its income on doing that, if things aren't going to get worse.