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Post by Severncider on Apr 8, 2017 12:35:15 GMT
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Post by Deleted on Apr 8, 2017 12:43:00 GMT
Anyone who knows what they're doing, and talking about could you give a brief outline of what's said please..?
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Post by Centenary Gas on Apr 8, 2017 12:48:06 GMT
Wage bill (including staff) £3.6m, overall loss £750k
Just to compare, the Championship has an average wage bill of about £25m and average loss of £10m.
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Post by yattongas on Apr 8, 2017 12:58:35 GMT
Wage bill (including staff) £3.6m, overall loss £750k Just to compare, the Championship has an average wage bill of about £25m and average loss of £10m. Wage bill up about 800k.. About 20% |
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Post by peterparker on Apr 8, 2017 13:10:37 GMT
Total debt of 8.5m ish
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Post by Hugo the Elder on Apr 8, 2017 17:47:30 GMT
So we are not debt free then??
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Post by Severncider on Apr 8, 2017 17:49:41 GMT
So we are not debt free then?? The accounts are up to 30th June 2016, so no, not on that date.
Did anyone believe that was not the case?
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Post by Deleted on Apr 8, 2017 17:49:58 GMT
So we are not debt free then?? Sounds like the debt is worse than when Higgs was in charge? |
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Post by peterparker on Apr 8, 2017 17:50:22 GMT
So we are not debt free then?? We wernt anyway. It was said at the time that the MSP loan was repaid and other debts (directors loans i guess) would be cleared over time. |
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Post by peterparker on Apr 8, 2017 17:51:37 GMT
So we are not debt free then?? Sounds like the debt is worse than when Higgs was in charge? This is until end of June 2016. The Al-Qadis only turned up at the middle of Feb |
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Post by Deleted on Apr 8, 2017 17:57:41 GMT
So we are not debt free then?? Sounds like the debt is worse than when Higgs was in charge? Sack the current board. |
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Post by Hugo the Elder on Apr 8, 2017 18:23:08 GMT
Sounds like the debt is worse than when Higgs was in charge? This is until end of June 2016. The Al-Qadis only turned up at the middle of Feb I thought when they took over they wiped our debts but hold them in Dwane Sports against the value of the Mem. Is it just that they hadn't done this by June and now have or are we still in debt? |
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Post by Hugo the Elder on Apr 8, 2017 18:25:38 GMT
So we are not debt free then?? The accounts are up to 30th June 2016, so no, not on that date.
Did anyone believe that was not the case?
Well, I'm fairly sure many assumed we were effectively debt free, yes. I'm certainly surprised to see we still owe 8M. Do these accounts indicate that we still own the ground then? I would suggest if we owe 8M and don't own the ground we are considerably worse off no? |
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Post by aghast on Apr 8, 2017 19:47:12 GMT
So what is the £8m debt all about? It's not new, since it was there last year. I thought we had a £3m or so mortgage on the Mem, but I might be wrong.
The rest I know nothing about.
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Post by Topper Gas on Apr 8, 2017 21:33:03 GMT
The accounts are up to 30th June 2016, so no, not on that date.
Did anyone believe that was not the case?
Well, I'm fairly sure many assumed we were effectively debt free, yes. I'm certainly surprised to see we still owe 8M. Do these accounts indicate that we still own the ground then? I would suggest if we owe 8M and don't own the ground we are considerably worse off no? Not sure many users of the forum thought we were debt free but assumed debts would have reduced by at least the MSP loan i.e. by around £1.5m, it seems that the debt was simply transferred to DS last year not paid off as others claimed? Not sure how to take the comments that Mr H Al-Q is prepared to maintain support for at least 12 months. |
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Post by peterparker on Apr 9, 2017 7:03:29 GMT
Well, I'm fairly sure many assumed we were effectively debt free, yes. I'm certainly surprised to see we still owe 8M. Do these accounts indicate that we still own the ground then? I would suggest if we owe 8M and don't own the ground we are considerably worse off no? Not sure many users of the forum thought we were debt free but assumed debts would have reduced by at least the MSP loan i.e. by around £1.5m, it seems that the debt was simply transferred to DS last year not paid off as others claimed? Not sure how to take the comments that Mr H Al-Q is prepared to maintain support for at least 12 months. The 12 months bit i assume you are probably refering to the auditors comments (i havet read the accounts fully).That is pretty standard just means with those liabilities we wouldnt continue with support and that the Al-Qadis will support the club through to the next audit. It would say the same next year. |
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Post by Hugo the Elder on Apr 9, 2017 7:12:17 GMT
32 pages of utter guff on the UWE thread and yet this doesn't even reach a page in 2 days?
I despair.
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Post by mjhgas on Apr 9, 2017 7:30:09 GMT
All relevant to 2014 where "things had not gone to plan"!!! That should be printed off and put in a frame as a reminder to our custodians that it should never happen again! MSP loan was £2.6m! On the face of it, it costs a lot of money to run a football club  Let's hope the 2016/17 accounts look better! Expect to pay more for your football at UWE and beyond. Bit concerned that it mentions minimum ticket price of £60 for Champions League matches. How's that for 8:30 on a Sunday Hugo? 👍 |
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Post by oldgas on Apr 9, 2017 7:40:12 GMT
You can't endlessly speculate over an audited account sheet Hugo, it is cold hard facts and states our financial situation, absolutely, no if's, no but's.
If the ground is ever built, and quite why this is all taking so long if both parties, as we are told, want it to happen is beyond me, there will be pages of speculation and guff about build time, cost, who carries the debt, UWE, leasehold etc etc etc......l!
Getting anything done at Rovers Is a bit like mating Elephants.
It can't be achieved without a lot of trumpeting, bellowing and anguish, and takes several years to bear fruit.
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Post by gasjack on Apr 9, 2017 7:59:26 GMT
I'm thinking the liabilities could be loans from Dwane Sports and/or the Al Qadi family. There are laws governing transactions between connected parties therefore its probably a case that the money invested has to be a loan.
Even if this isn't the case, there's no point just giving the club money as should we ever make a profit, the investment could be repaid without a tax hit.
Of course I'm just guessing on this!
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