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Post by swissgas on Feb 28, 2018 20:21:02 GMT
These accounts cover the period 1/7/16 to 30/6/17 so the fee received for Taylor and the fee paid for Sercombe will be included but the fee paid for Nicholls will not as that transfer took place on 17/7/17.
Bristol Rovers did not buy the land at Colony Farm but even if they had it would be a balance sheet item rather than a profit and loss item.
Likewise any loan repaid to Nick Higgs in the period is a balance sheet item rather than a profit and loss item.
Rovers made an operating loss of £865K in the year to 30.06.16 but added to this were the write off costs of £2.3 million relating to the UWE Stadium which were a one off item and made the total loss £3.2 million.
If the figure quoted by Severncider is correct we have more than tripled our annual operating losses in the year to 30.06.17.
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Post by LJG on Feb 28, 2018 20:21:15 GMT
Where does Matty Taylor's transfer fee fit into this? Surely that's £300k of the £450k you mention Whatever way you look at it the current model isn't sustainable so unless Wael can find some cash down the back of the sofa how is the training ground and stadium going to be built?! That's where I don't get where all this evolution not revolution nonsense comes from the Wael supports like to accept as we're never going to create sufficient surplus income to fund those without a (financial) revolution. Although the way Wael's running up debts we could be the next Dodo of league football soon. So you're concerned about running up debts but you want money chucked around at the club.
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Post by abbeygas on Feb 28, 2018 20:24:05 GMT
If you really want to enlighten us all then why don't you just come out and tell us what your beef is. As an observer I have formed the opinion that you only write bitter, negative posts because you are actually an ex-gasincider who knows no more about things than anyone else. Perhaps you could provide some clarification, thanks.
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Post by LJG on Feb 28, 2018 20:24:25 GMT
These accounts cover the period 1/7/16 to 30/6/17 so the fee received for Taylor and the fee paid for Sercombe will be included but the fee paid for Nicholls will not as that transfer took place on 17/7/17. Bristol Rovers did not buy the land at Colony Farm but even if they had it would be a balance sheet item rather than a profit and loss item. Likewise any loan repaid to Nick Higgs in the period is a balance sheet item rather than a profit and loss item. Rovers made an operating loss of £865K in the year to 30.06.16 but added to this were the write off costs of £2.3 million relating to the UWE Stadium which were a one off item and made the total loss £3.2 million. If the figure quoted by Severncider is correct we have more than tripled our annual operating losses in the year to 30.06.17. That should make the doubters happy then. Proof that the Al Qadis are chucking money about after all.
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Post by peterparker on Feb 28, 2018 20:28:59 GMT
These accounts cover the period 1/7/16 to 30/6/17 so the fee received for Taylor and the fee paid for Sercombe will be included but the fee paid for Nicholls will not as that transfer took place on 17/7/17. Bristol Rovers did not buy the land at Colony Farm but even if they had it would be a balance sheet item rather than a profit and loss item. Likewise any loan repaid to Nick Higgs in the period is a balance sheet item rather than a profit and loss item. Rovers made an operating loss of £865K in the year to 30.06.16 but added to this were the write off costs of £2.3 million relating to the UWE Stadium which were a one off item and made the total loss £3.2 million. If the figure quoted by Severncider is correct we have more than tripled our annual operating losses in the year to 30.06.17. Perhaps if someone actually posted some real information we could all have a proper debate, but the OP has just posted a headline grabbing figure
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pirate
Forum Legend
Posts: 18,533
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Post by pirate on Feb 28, 2018 20:29:18 GMT
Losses through the roof?
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Deleted
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Post by Deleted on Feb 28, 2018 20:29:42 GMT
Ahh another 20 pager..
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Post by South Stand Ultra on Feb 28, 2018 20:30:21 GMT
Losses through the roof? I did lol at that!!!
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Post by Topper Gas on Feb 28, 2018 20:39:45 GMT
These accounts cover the period 1/7/16 to 30/6/17 so the fee received for Taylor and the fee paid for Sercombe will be included but the fee paid for Nicholls will not as that transfer took place on 17/7/17. Bristol Rovers did not buy the land at Colony Farm but even if they had it would be a balance sheet item rather than a profit and loss item. Likewise any loan repaid to Nick Higgs in the period is a balance sheet item rather than a profit and loss item. Rovers made an operating loss of £865K in the year to 30.06.16 but added to this were the write off costs of £2.3 million relating to the UWE Stadium which were a one off item and made the total loss £3.2 million. If the figure quoted by Severncider is correct we have more than tripled our annual operating losses in the year to 30.06.17. Perhaps if someone actually posted some real information we could all have a proper debate, but the OP has just posted a headline grabbing figure Think he's got use to reading the red tops!
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Post by paulpirate on Feb 28, 2018 20:42:04 GMT
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Post by swissgas on Feb 28, 2018 20:44:51 GMT
These accounts cover the period 1/7/16 to 30/6/17 so the fee received for Taylor and the fee paid for Sercombe will be included but the fee paid for Nicholls will not as that transfer took place on 17/7/17. Bristol Rovers did not buy the land at Colony Farm but even if they had it would be a balance sheet item rather than a profit and loss item. Likewise any loan repaid to Nick Higgs in the period is a balance sheet item rather than a profit and loss item. Rovers made an operating loss of £865K in the year to 30.06.16 but added to this were the write off costs of £2.3 million relating to the UWE Stadium which were a one off item and made the total loss £3.2 million. If the figure quoted by Severncider is correct we have more than tripled our annual operating losses in the year to 30.06.17. Perhaps if someone actually posted some real information we could all have a proper debate, but the OP has just posted a headline grabbing figure That is true and we really need to see the accounts for a full picture but it does seem to roughly add up if Steve Hamer was referring to the time of the 2017 financial year end when he quoted a figure of £12 million that had been invested by Dwane Sports. Amount outstanding on the loan facility at 30.06.16 £7.2 million Amount loaned to Dwane Colony Ltd for land purchase £1.1 million Amount repaid to Nick Higgs and Barry Bradshaw £0.9 million Amount injected to cover 2016/17 operating losses £3.0 million Total £12.2 million And if the operating losses have continued at that rate the loan will be over £14 million now.
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Deleted
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Post by Deleted on Feb 28, 2018 20:45:43 GMT
No one knows FA delete this childish thread
I think gasincider is trying to outdo henburygas
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Post by socrates on Feb 28, 2018 20:47:48 GMT
I wouldn't have thought that our player's wages are that high and according to DC the development squad are paid peanuts, so where is the money being spent? Bottom 6 budget with what are decent attendances for us. Something isn't right here! Maybe somethings not right because you’ve read a one sentence post on a football forum , taken it in , panicked and haven’t got all the details. Truth is none of us know whether our board are taking us in the right direction yet because it’s too early. They’ve just spent the first two years sorting out the last shambles and trying to get the club into the 21st century. Time will tell. Be patient and don’t listen to every scaremongering thing you hear or read.
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Post by socrates on Feb 28, 2018 20:49:28 GMT
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Post by Topper Gas on Feb 28, 2018 20:51:28 GMT
No one knows FA delete this childish thread I think gasincider is trying to outdo henburygas I think you need to take a rain check, the annual results are due out before the AGM on the 12th March and it doesn't take rocket science to work out they are due around now, clearly GI's either got them or been told pf the contents, plus it seems somebody on the OTIB's got wind of the losses. Although as others have suggested some more info would be nice.
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Post by paulpirate on Feb 28, 2018 20:52:50 GMT
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Post by Gas_Quarters on Feb 28, 2018 20:53:36 GMT
Three pages of comments within a couple of hours all based on speculation. I think I’ll leave this thread alone and just wait for the accounts to actually come out rather than making assumptions.
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Post by South Stand Ultra on Feb 28, 2018 20:54:14 GMT
This is a typical thread by gasincider. He puts a headline grabber in, doesn't say much in the post. And taps post. Now he just sits back, watching everything kick off, rubbing his hands with glee.
Like I said, this is your typical gasincider thread.
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Post by Hugo the Elder on Feb 28, 2018 21:00:09 GMT
Scaremonger.
Backtrack.
Repeat.
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Post by orgasmic on Feb 28, 2018 21:07:40 GMT
Mods. I assume you will be dishing out warnings to all those attacking the poster not the post. A lot of violating forum rules going on and nobody has yet disproved what Gasincider has stated.
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