SarniaSaint Posted 26 July, 2014 Share Posted 26 July, 2014 Money in From Scouse Lambert 5M LaCoq 25M Dim Croat 20M From the Plastics Fans Fave Team Shrure 27M From the Other North London Yobbos Chump 16M That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Meanwhile Osvaldo we cant give away So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years Link to comment Share on other sites More sharing options...
trousers Posted 26 July, 2014 Share Posted 26 July, 2014 If only we had another thread that was already covering this kinda stuff.... Link to comment Share on other sites More sharing options...
SarniaSaint Posted 26 July, 2014 Author Share Posted 26 July, 2014 Just tried to sum it up in 1 thread that OK with you (rolly eye thing) Link to comment Share on other sites More sharing options...
the saint in winchester Posted 26 July, 2014 Share Posted 26 July, 2014 Sarnia, give it a rest mate. I've heard this song a lot in the last week. We are about to go on a spending spree. Cast your mind back 7 years when we had to sell to survive, and realise this is different. Enjoy! Link to comment Share on other sites More sharing options...
SarniaSaint Posted 26 July, 2014 Author Share Posted 26 July, 2014 Hey I hope your right but so far I have seen no evidence that they know what their doing Link to comment Share on other sites More sharing options...
Lazlo78 Posted 26 July, 2014 Share Posted 26 July, 2014 Money in From Scouse Lambert 5M LaCoq 25M Dim Croat 20M From the Plastics Fans Fave Team Shrure 27M From the Other North London Yobbos Chump 16M That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Meanwhile Osvaldo we cant give away So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years I hope you broke your spirit writing that! Link to comment Share on other sites More sharing options...
SarniaSaint Posted 26 July, 2014 Author Share Posted 26 July, 2014 I hope you broke your spirit writing that! LOL no but was hard adding up with no calculator close by Link to comment Share on other sites More sharing options...
SNSUN Posted 27 July, 2014 Share Posted 27 July, 2014 There will be a lot of threads bumped in a month's time. Link to comment Share on other sites More sharing options...
Heisenberg Posted 27 July, 2014 Share Posted 27 July, 2014 Hey I hope your right but so far I have seen no evidence that they know what their doing Good news mate :) http://www.express.co.uk/sport/football/492185/Ronald-Koeman-ready-to-splash-50m-on-new-look-Southampton Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 27 July, 2014 Share Posted 27 July, 2014 LOL no but was hard adding up with no calculator close by You're right...the adding up failed too. Link to comment Share on other sites More sharing options...
Saint IQ Posted 27 July, 2014 Share Posted 27 July, 2014 Money in From Scouse Lambert 5M LaCoq 25M Dim Croat 20M From the Plastics Fans Fave Team Shrure 27M From the Other North London Yobbos Chump 16M That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Meanwhile Osvaldo we cant give away So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years Don't forget Poch and his staff probably cost spurs 4 million Link to comment Share on other sites More sharing options...
kpturner Posted 27 July, 2014 Share Posted 27 July, 2014 Zzzzzzzzzz Link to comment Share on other sites More sharing options...
BadgerBadger Posted 27 July, 2014 Share Posted 27 July, 2014 Who are these players he speaks of???????????? Link to comment Share on other sites More sharing options...
John B Posted 27 July, 2014 Share Posted 27 July, 2014 Money in From Scouse Lambert 5M LaCoq 25M Dim Croat 20M From the Plastics Fans Fave Team Shrure 27M From the Other North London Yobbos Chump 16M That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Meanwhile Osvaldo we cant give away So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years Dont you realise it is her money and she can do whatever she wants with it After spending £30m+ on Osvaldo Mayuka Remierz and Forren I expect she is going to be a careful in spending millions more Link to comment Share on other sites More sharing options...
Goatboy Posted 27 July, 2014 Share Posted 27 July, 2014 You're right...the adding up failed too. Good Job Sarnia is not holding the purse strings! Link to comment Share on other sites More sharing options...
Hatch Posted 27 July, 2014 Share Posted 27 July, 2014 LOL no but was hard adding up with no calculator close by best get yourself one pretty sharpish That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Link to comment Share on other sites More sharing options...
angelman Posted 27 July, 2014 Share Posted 27 July, 2014 Good news mate :) http://www.express.co.uk/sport/football/492185/Ronald-Koeman-ready-to-splash-50m-on-new-look-Southampton Don't be dense. The OP says the money is in some Swiss bank account, so he obviously is ITK with KL's finances. And really Swiss accounts can be a little on the expensive side. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 Firstly 93 + 27 is 120, HTH. Secondly, after you take out loyalty payments, the fact that these deals are never paid for up front and will be structured over the next couple of years on guaranteed payments, the clauses on some of the deals (Lallana especially), the actual amount to spend is a lot less, I would say around 60m. We've spent around 20M so far, and I would say that when Lovren and Chambers do go we probably have around 35m that we will spend and probably in the following way: Kolo 6m Forster 9m Van Dijk 7m Ings 8m Redmond 5m Link to comment Share on other sites More sharing options...
CB Fry Posted 27 July, 2014 Share Posted 27 July, 2014 Firstly 93 + 27 is 120, HTH. Secondly, after you take out loyalty payments, the fact that these deals are never paid for up front and will be structured over the next couple of years on guaranteed payments, the clauses on some of the deals (Lallana especially), the actual amount to spend is a lot less, I would say around 60m. We've spent around 20M so far, and I would say that when Lovren and Chambers do go we probably have around 35m that we will spend and probably in the following way: Kolo 6m Forster 9m Van Dijk 7m Ings 8m Redmond 5m But we will structure those incoming deals in exactly the same manner, so pointless maths there. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 27 July, 2014 Share Posted 27 July, 2014 You need a new fag packet with accounting like that. Take off all the debts hanging over from previous years and corporation tax on any profits, if there are any, and there's not a lot left for future investments, maybe £50m is about right and that gets us another team probably better than we had last year. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 But we will structure those incoming deals in exactly the same manner, so pointless maths there. Oh I know, but we won't spend money based on what we will/can get. We will spend based on what we already have guaranteed, and keep aside money from that chunk for the clauses. Otherwise you're potentially hedging against money you don't have, which after the review of finances when they arrived it seems they don't want to do. If and when the money then becomes available down the line it will be made available then and there. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 You need a new fag packet with accounting like that. Take off all the debts hanging over from previous years and corporation tax on any profits, if there are any, and there's not a lot left for future investments, maybe £50m is about right and that gets us another team probably better than we had last year. Corporation tax only of profits though, if we re-invest the money in players we obviously don't pay that. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 27 July, 2014 Share Posted 27 July, 2014 So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years This, except there will be no KL years as the selloff of the rump company will follow quickly after the asset stripping ends. The only other plausible explanation is that SFS as a company is incorporated in a division of Liebherr that has made huge losses and this cash call was made to restore balance to the books. Had it been the other way round of course SFC would likely have been wound up. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 This, except there will be no KL years as the selloff of the rump company will follow quickly after the asset stripping ends. The only other plausible explanation is that SFS as a company is incorporated in a division of Liebherr that has made huge losses and this cash call was made to restore balance to the books. Had it been the other way round of course SFC would likely have been wound up. "Only other". That's a joke yes? Link to comment Share on other sites More sharing options...
Window Cleaner Posted 27 July, 2014 Share Posted 27 July, 2014 This, except there will be no KL years as the selloff of the rump company will follow quickly after the asset stripping ends. The only other plausible explanation is that SFS as a company is incorporated in a division of Liebherr that has made huge losses and this cash call was made to restore balance to the books. Had it been the other way round of course SFC would likely have been wound up. What division of Liebherr would that be then. Really those who do not understand that KL is a niece/cousin of the "main branch" and absolutely nothing else really p*ss me off. We have nothing to do with the Crane selling,fridge making,dumper truck peddling branch of the family, nothing whatsoever. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 What division of Liebherr would that be then. Really those who do not understand that KL is a niece of the "main branch" and absolutely nothing else really p*ss me off. We have nothing to do with the Crane selling,fridge making,dumper truck peddling branch of the family, nothing whatsoever. Exactly. Not sure how people continuously fail to realise this. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 27 July, 2014 Share Posted 27 July, 2014 Corporation tax only of profits though, if we re-invest the money in players we obviously don't pay that. Not so. If the book value of the assets at the end of the year is higher than the beginning then that counts as a profit. Either way, the talk of somebody taking large sums out of the club ignores the mechanism for doing so. If it's repayment of directors loans then that can be done even if the business is operating at a loss but a large amount if debt was converted into equity and dividends on shares can only be paid out of profits, and that will be after tax in those profits. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 27 July, 2014 Share Posted 27 July, 2014 Exactly. Not sure how people continuously fail to realise this. Either thick or wishful thinking I expect; Combination of the 2 is a possibility I suppose. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 27 July, 2014 Share Posted 27 July, 2014 Not so. If the book value of the assets at the end of the year is higher than the beginning then that counts as a profit. Either way, the talk of somebody taking large sums out of the club ignores the mechanism for doing so. If it's repayment of directors loans then that can be done even if the business is operating at a loss but a large amount if debt was converted into equity and dividends on shares can only be paid out of profits, and that will be after tax in those profits. Ah but in the last years accounts (thouse for the year ending June 2013) there was a manoeuvre to convert one type of account into another. Few have actually seen the detailed accounts but I remember one of our experts telling us that the manoeuvre would in fact allow equity to be offset or taken out or something like that. You'd have to find the actual posts to get the total jist of it though, too City wide boy for me i'm afraid. Link to comment Share on other sites More sharing options...
Unbelievable Jeff Posted 27 July, 2014 Share Posted 27 July, 2014 Not so. If the book value of the assets at the end of the year is higher than the beginning then that counts as a profit. Either way, the talk of somebody taking large sums out of the club ignores the mechanism for doing so. If it's repayment of directors loans then that can be done even if the business is operating at a loss but a large amount if debt was converted into equity and dividends on shares can only be paid out of profits, and that will be after tax in those profits. Fair enough, my mistake! Link to comment Share on other sites More sharing options...
Polaroid Saint Posted 27 July, 2014 Share Posted 27 July, 2014 It is practically impossible to make money out of a football club unless you are a player. Owners, shareholders, CEOs, the club itself; they do not make money. Football is not like other businesses. Not at all. These transfer figures, as I have said before, pretty meaningless as quoted (none of us can be sure which figure is closest to the truth) so it is even more meaningless to try and do amateur accountancy using them (particularly if you are a professional accountant; because footy works in a different way). Link to comment Share on other sites More sharing options...
bubblyone Posted 27 July, 2014 Share Posted 27 July, 2014 But we will structure those incoming deals in exactly the same manner, so pointless maths there. Exactly! Any transfers in we make will also have an element of staged payments in line with our own cashflow. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 27 July, 2014 Share Posted 27 July, 2014 It is practically impossible to make money out of a football club unless you are a player. Owners, shareholders, CEOs, the club itself; they do not make money. Football is not like other businesses. Not at all. These transfer figures, as I have said before, pretty meaningless as quoted (none of us can be sure which figure is closest to the truth) so it is even more meaningless to try and do amateur accountancy using them (particularly if you are a professional accountant; because footy works in a different way). This is the important issue. The payment structures are complicated in a unique way, such that they lead to staged payments, player loans, loan fees, payments through 'image rights' companies to offset Income Tax and NI contributions much of which is still under discussion with HMRC. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 27 July, 2014 Share Posted 27 July, 2014 Fair enough, my mistake! No problems! Believe me, if you make a profit you'll pay tax on it and if you don't then you can't take a dividend. If you could save tax by investing your profits in new acquisitions at the end if the tax year then every company would be doing it by buying up a load of stock one day and selling it back again the next. Link to comment Share on other sites More sharing options...
SW5 SAINT Posted 27 July, 2014 Share Posted 27 July, 2014 Money in From Scouse Lambert 5M LaCoq 25M Dim Croat 20M From the Plastics Fans Fave Team Shrure 27M From the Other North London Yobbos Chump 16M That's 93M and add in schneiderlin who we wont sell unless you got 27M that's 110M Meanwhile Osvaldo we cant give away So what have we done with this money ? Nothing Tadic and Pelle who were under 20M combined came from the 35M transfer fund remember that lol My guess is that the money is nice and safe in a Swiss bank account. If you thought the RL years were bad welcome to the KL years Didn't we also get some money for MoPo and all his staff? Link to comment Share on other sites More sharing options...
SarniaSaint Posted 27 July, 2014 Author Share Posted 27 July, 2014 Didn't we also get some money for MoPo and all his staff? Forgot that So that would be another 4 to add on top of the 120M (shouldn't do metal math after a beer LOL) 124M in then mmmmmm .......the Fat Kat account must be looking good right now Link to comment Share on other sites More sharing options...
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