| This mystical £30m Black hole 11:36 - May 21 with 5975 views | Vincent_Vega |
What's this £30mill everyone's banging on about and making fag packet maths on potential player sales to cover it? Also hearing once that 'hole' is filled our financial situation will be rosy again.
All I read that there's a deficit on this years accounts of around £30mill, if that deficit isn't sorted then it goes as a loss on the accounts. If that loss is covered by sales and/or regencies then we'll break even.
What about next year then? When will it end? League 2? |  |
| Boycott Shampoo......Demand Real Poo!!! |
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| This mystical £30m Black hole on 16:32 - May 21 with 1192 views | Badlands |
| This mystical £30m Black hole on 16:20 - May 21 by PozuelosSideys |
Reason i ask isnt so much about the tax rate, but i was reading a few articles abourt Man City on Rueters and comments/discussion between their FD and HMRC (Gael Clichy to be specific). They were saying how some players were negotiating contracts whereby the club were liable for the income tax on the players contract and that a declared 80k was net, not gross like the rest of us. This came to light due to the agents taking cuts and the whole benefit in kind side of things throwing up red flags.
Given that sort of thing doesnt need to be declared as Jasper correctly pointed out, it makes me wonder whether the club have anything like this lurking under the table given the desparate position we were in last year. I would be very suprised, but its not impossible. |
Looking at the figures declared on the financial return seems unlikely we're unlikely.
Payments due from the club look about right for the wage bill - can't tell exactly as the pay is lumped in together.
By registering players pay as rights payments rather than income the club would be saving a significant amount more than we appear to have declared as paid.
But like anything involving tax and big money I wouldn't bet the silver on it. |  |
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| This mystical £30m Black hole on 18:11 - May 21 with 1107 views | jacktar_ |
Somebody must know, we knew everything about them down the road, down to the amount of paper clips being used.
How can we not know about our own diminishing finances. |  | | |
| This mystical £30m Black hole on 19:05 - May 21 with 1082 views | KrisP |
| This mystical £30m Black hole on 13:03 - May 21 by magicdaps10 |
So where do we stand with the James sale, compo from Potter and co, wages saved with Bony, Narsingh, Olsson and Fer.
Do you believe we need to sell anymore? |
I don't see how those "wages saved" count towards the £30m as they were out of contract and therefore never counted against us for this upcoming season. | | | |
| This mystical £30m Black hole on 20:30 - May 21 with 1038 views | thornabyswan |
| This mystical £30m Black hole on 13:06 - May 21 by andypitt56 |
If we want funds to buy players then yes I think we need to sell another player.
those that you have mentioned will only be enough to break even. |
Agreed | |
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| This mystical £30m Black hole on 20:41 - May 21 with 1016 views | Lord_Bony |
I don't think it's as bad as it seems.
Please remember accountants have to be creative as possible to downplay any profits.
They love conjuring up losses through much trickery and legal loopholes which can be carried forward for other years.
It's not that bad I can assure you. |  |
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