ian1964 10,721 Posted November 14, 2023 Share Posted November 14, 2023 1 Quote Link to post Share on other sites More sharing options...
yuddie 1,693 Posted November 14, 2023 Share Posted November 14, 2023 5 hours ago, Uilleam said: OK. Is it a £200K profit, or is it a £4M loss? I have seen both figures quoted. I think it's £200k operating profit - £4m loss after taxes? Not sure though. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted November 14, 2023 Share Posted November 14, 2023 We qualified for the Champions League and made a £23.6m profit on player trading and still managed to make a loss before tax of £3.1m. A £9.2m increase in staff costs. Legal costs and resolution of contractual settlements of £1.33m. Obviously we don't have a split between the two but we only had a provision of £425K in the previous year's account. £13m of loans from the directors are helping, but while they're not great in themselves, the next few years could be problematic if we can't maintain a £10m+ player trading profit. 2 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,329 Posted November 14, 2023 Share Posted November 14, 2023 (edited) 16 minutes ago, Bluedell said: the next few years could be problematic if we can't maintain a £10m+ player trading profit. Oh. Who have we got thats worth anything? Our best players are a 32 year old RB, a 30 year old centre back and a 30 year old keeper. Doesnt look great and Bennet highlighting player trading speaks volumes. Edited November 14, 2023 by Sutton_blows_goats 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted November 14, 2023 Share Posted November 14, 2023 14 minutes ago, Sutton_blows_goats said: Oh. Who have we got thats worth anything? Our best players are a 32 year old RB, a 30 year old centre back and a 30 year old keeper. Doesnt look great and Bennet highlighting player trading speaks volumes. We've already sold Kamara, Colak, Sakala and Mayo. Profit of £6 or 7 million? But yeah, not sure where the next lot of sales are coming from. 0 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,329 Posted November 14, 2023 Share Posted November 14, 2023 5 minutes ago, Bluedell said: We've already sold Kamara, Colak, Sakala and Mayo. Profit of £6 or 7 million? But yeah, not sure where the next lot of sales are coming from. Think we spent that on Lammers and Dessers. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted November 14, 2023 Share Posted November 14, 2023 1 minute ago, Sutton_blows_goats said: Think we spent that on Lammers and Dessers. Yeah, but that gets amortised over the period of their contracts and it's a different line in the accounts. It's comparing cashflow with profit. 3 Quote Link to post Share on other sites More sharing options...
Rousseau 10,602 Posted November 14, 2023 Share Posted November 14, 2023 6 minutes ago, Bluedell said: Yeah, but that gets amortised over the period of their contracts and it's a different line in the accounts. It's comparing cashflow with profit. Ouch, @Sutton_blows_goats. That's the most esoteric burn I've ever read. "It gets amortised"! 3 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,329 Posted November 14, 2023 Share Posted November 14, 2023 39 minutes ago, Bluedell said: Yeah, but that gets amortised over the period of their contracts and it's a different line in the accounts. It's comparing cashflow with profit. too finance for me mate I’m out 😂 2 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,329 Posted November 14, 2023 Share Posted November 14, 2023 34 minutes ago, Rousseau said: Ouch, @Sutton_blows_goats. That's the most esoteric burn I've ever read. "It gets amortised"! Not sure why there’s a tortoise but I’m no financial expert 1 Quote Link to post Share on other sites More sharing options...
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