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Post by paulbeasley on Nov 20, 2017 23:13:50 GMT
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Post by ioualways on Nov 21, 2017 2:46:39 GMT
Better late than never. Thanks, Paul...a good read, as always. Jon
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Post by maggiesdad on Nov 21, 2017 6:50:41 GMT
Excellent read. Thanks.
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Post by Colin B on Nov 21, 2017 8:21:54 GMT
Cheers Paul.
The £710,000 deferred season ticket and sponsorship income that you mention could be due to the fact that their accounts are to 31 December 2016, which is obviously mid season and very unusual for football clubs. It may be that as they had received the money for these items for the season ended May 2017, but had not "delivered the product" as the season was only half way through at the time of the accounts, a calculation was made and the sum of £710,000 was taken out of the accounts and into creditors?
My company auditors do a similar thing with pro-forma payments received, but goods not delivered at year end. Even though we have the money in the bank the figure is taken out of our invoiced sales, although I don't believe we have the double whammy of it being in creditors too!
Hope that helps explain someone of it (see what I did there?!)
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Post by paulbeasley on Nov 21, 2017 8:37:47 GMT
Cheers Paul. The £710,000 deferred season ticket and sponsorship income that you mention could be due to the fact that their accounts are to 31 December 2016, which is obviously mid season and very unusual for football clubs. It may be that as they had received the money for these items for the season ended May 2017, but had not "delivered the product" as the season was only half way through at the time of the accounts, a calculation was made and the sum of £710,000 was taken out of the accounts and into creditors? My company auditors do a similar thing with pro-forma payments received, but goods not delivered at year end. Even though we have the money in the bank the figure is taken out of our invoiced sales, although I don't believe we have the double whammy of it being in creditors too! Hope that helps explain someone of it (see what I did there?!) That would explain it. Makes perfect sense when you put it like that. There may be some explanatory notes in the accounts saying that which I've missed.
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Post by pottersrightboot on Nov 21, 2017 10:35:27 GMT
Cheers Paul. The £710,000 deferred season ticket and sponsorship income that you mention could be due to the fact that their accounts are to 31 December 2016, which is obviously mid season and very unusual for football clubs. It may be that as they had received the money for these items for the season ended May 2017, but had not "delivered the product" as the season was only half way through at the time of the accounts, a calculation was made and the sum of £710,000 was taken out of the accounts and into creditors? My company auditors do a similar thing with pro-forma payments received, but goods not delivered at year end. Even though we have the money in the bank the figure is taken out of our invoiced sales, although I don't believe we have the double whammy of it being in creditors too! Hope that helps explain someone of it (see what I did there?!) That would explain it. Makes perfect sense when you put it like that. There may be some explanatory notes in the accounts saying that which I've missed. Spot on re the deferred income explanation. Makes you appreciate just how lumpy football club cash flow is. This is exarcebated by the inability to transact in players outside of the transfer windows.
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Post by charliesghost on Nov 21, 2017 14:16:02 GMT
Really good stuff, Paul. Argyle are my second team so I take a close interest. Basically, James Brent has done a cracking job. He's taken a basket case of a club and painstakingly turned it around. He has sort of done the opposite to Darryl. He has invested money in infrastructure (the completion of Home Park to a 20k capacity modern stadium is due shortly) and in so doing has got the club to break even for the last two or three years (without significant player sales) But he hasn't and won't 'invest ' in football because he took on Argyle as a bit of community relations not because he wants to be a football club owner. What it does mean is that they are now going to be a cracking investment case for someone who DOES want to be an ambitious club owner. I'm guessing that he's trying to find that person now (some other director has arrived on the scene). But they need to stay up! So it's all on a bit of a knife edge.
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Post by paulbeasley on Nov 21, 2017 16:18:09 GMT
Really good stuff, Paul. Argyle are my second team so I take a close interest. Basically, James Brent has done a cracking job. He's taken a basket case of a club and painstakingly turned it around. He has sort of done the opposite to Darryl. He has invested money in infrastructure (the completion of Home Park to a 20k capacity modern stadium is due shortly) and in so doing has got the club to break even for the last two or three years (without significant player sales) But he hasn't and won't 'invest ' in football because he took on Argyle as a bit of community relations not because he wants to be a football club owner. What it does mean is that they are now going to be a cracking investment case for someone who DOES want to be an ambitious club owner. I'm guessing that he's trying to find that person now (some other director has arrived on the scene). But they need to stay up! So it's all on a bit of a knife edge. There's always so much going on behind the scenes at every football club. It's almost impossible to keep up to speed with one's own club, let alone others.
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Post by ttg17 on Nov 21, 2017 16:45:00 GMT
Love these, cheers
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