It’s still a £5 million loss despite some big turnover increases
For a competitive championship side, £5m loss is exceptional.It’s still a £5 million loss despite some big turnover increases
I've not looked at the article or the detail but doesn't the above say:
As a result of the significant increase in profit from the sales of players, the Club recorded a Profit Before Tax of £8.7m.
?
You can’t use that figure though as player sales will ALWAYS be a part of a championship clubs’ strategy.Operating loss of £5 million
Yes, because he was our player from Jan and loaned back to Posh.I wonder if the fee for EMC was included in those accounts even though he didnt actually join until the summer
Secret deal for the Connexion maybe?The £2m additions of freehold buildings is interesting, not sure I remember the club purchasing anything. Wonder what that relates to?
I thought I saw an interview where the Posh chairman said we didnt have to pay until the summer as long as we loaned him back. Whether that is technically possible or even happened is a different matterYes, because he was our player from Jan and loaned back to Posh.
You can’t use that figure though as player sales will ALWAYS be a part of a championship clubs’ strategy.
And operating loss is £14.9m?
It’s done on something called the accruals basis. So will be recognised in the accounts as soon as he became ours. The timing of the payment is not really relevant although would appear on the balance sheet as a debtor.I thought I saw an interview where the Posh chairman said we didnt have to pay until the summer as long as we loaned him back. Whether that is technically possible or even happened is a different matter
But he doesn't put his own money in, the Norfolk Fraud.Just reading this now, Doug put in £24,000,000 this year as a non interest loan. On top of the £6,000,000 put in last year.
There were rumours of this, and it did spring to mind. But sure there’d have announced it by now.Secret deal for the Connexion maybe?
Post reporting date events
Transfers of player registrations subsequent to 31 May 2024, taking into account applicable costs and player acquisitions, resulted in a net £10,962,266 (2023 - £8,918,219) payable by the club.
He’s skint though.To be fair to King he's put his money where his mouth is imo
I’m thinking this could be additions of fixed assets related to Ryton improvements.The £2m additions of freehold buildings is interesting, not sure I remember the club purchasing anything. Wonder what that relates to?
To be fair he might soon be trying to invest in a football clubHe’s skint though.
Retro line keeping the club afloatRetail revenue increased by over 100%.
It demonstrates that club is only viable when profits from player sales are included. Without them there is a £15/16m operating loss.I've not looked at the article or the detail but doesn't the above say:
As a result of the significant increase in profit from the sales of players, the Club recorded a Profit Before Tax of £8.7m.
?
Yes, because he was our player from Jan and loaned back to Posh.
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