| Analysis of our current finances by Price of Football today 10:25 - Jun 30 with 2395 views | ElderGrizzly |
Confirms Evans wrote off £96m
Wages at £166 per £100 of revenue though 😳
£1.4m profit on players 👀
[Post edited 30 Jun 2022 10:32]
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| Analysis of our current finances by Price of Football today on 15:18 - Jun 30 with 531 views | ElderGrizzly |
| Analysis of our current finances by Price of Football today on 15:10 - Jun 30 by Kieran_Knows |
Some poor American is having to work an extra couple of years because their money is going down the pan. |
They'd probably get shot before they could spend it anyway | | | |
| Analysis of our current finances by Price of Football today on 16:08 - Jun 30 with 481 views | PhilTWTD |
| Analysis of our current finances by Price of Football today on 15:18 - Jun 30 by dirtyboy |
Losses are losses.
Company A makes a loss of £100m
Company B makes a profit of £100m
Company A transfers loss to Company B so net position is £0.
Company B saves tax of say £20m.
Therefore still lost £80m overall.
That also assumes that there's total profits of £100m to offset all of the losses against (I doubt he made £100m a year if that makes sense?)
He lost a s**t load of cash, that's all anyone needs to know. |
Indeed, whatever the precise figure, it was 10s of millions. It does make you wonder why he didn't get out many years before he did. |  | | |
| Analysis of our current finances by Price of Football today on 16:18 - Jun 30 with 475 views | PrideOfTheEast |
| Analysis of our current finances by Price of Football today on 16:08 - Jun 30 by PhilTWTD |
Indeed, whatever the precise figure, it was 10s of millions. It does make you wonder why he didn't get out many years before he did. |
He got a very good deal (circa £40m) when he sold so presumably he had some confidence he'd get that deal at some point and those he'd met previously simply didn't have the financing to buy it at that sort of price, and then fund it more than he was. |  | | |
| Analysis of our current finances by Price of Football today on 16:27 - Jun 30 with 457 views | hype313 |
| Analysis of our current finances by Price of Football today on 16:08 - Jun 30 by PhilTWTD |
Indeed, whatever the precise figure, it was 10s of millions. It does make you wonder why he didn't get out many years before he did. |
Like a poker player who is pot committed, waiting and waiting for that Royal Flush, but ended up losing to a pair of deuces. |  |
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| Analysis of our current finances by Price of Football today on 16:31 - Jun 30 with 449 views | PhilTWTD |
| Analysis of our current finances by Price of Football today on 16:18 - Jun 30 by PrideOfTheEast |
He got a very good deal (circa £40m) when he sold so presumably he had some confidence he'd get that deal at some point and those he'd met previously simply didn't have the financing to buy it at that sort of price, and then fund it more than he was. |
Probably, but he could have sold for something not far off, say, five years ago and not had to put in another £25m in the meantime. I would guess he was undecided which way to jump for quite a few years. | | | |
| Analysis of our current finances by Price of Football today on 16:33 - Jun 30 with 450 views | galacticoblue |
| Analysis of our current finances by Price of Football today on 16:18 - Jun 30 by PrideOfTheEast |
He got a very good deal (circa £40m) when he sold so presumably he had some confidence he'd get that deal at some point and those he'd met previously simply didn't have the financing to buy it at that sort of price, and then fund it more than he was. |
The £40million sale price keeps getting mentioned - I listened to an American podcast some months ago, when it was put to Brett Johnson that Gamechanger paid £30million for Ipswich - Brett jumped in quite quickly and said it was lower than that. | | | |
| Analysis of our current finances by Price of Football today on 16:34 - Jun 30 with 445 views | bluelagos |
| Analysis of our current finances by Price of Football today on 16:08 - Jun 30 by PhilTWTD |
Indeed, whatever the precise figure, it was 10s of millions. It does make you wonder why he didn't get out many years before he did. |
Because no one offered him enough for the club I guess? Or he thought there was a genuine chance of promotion(s)?
The £96m figure write off of debt looks to tally with the accounts (I got £98m but what's £2m between friends)
He of course got was it around £40m from the sale? Plus he retained a bit of land too. He also retained 5% ownership.
So whilst the write off of the loans/debts was good for the club, worth remembering the above too... |  |
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| Analysis of our current finances by Price of Football today on 17:12 - Jun 30 with 397 views | chicoazul |
| Analysis of our current finances by Price of Football today on 14:57 - Jun 30 by JammyDodgerrr |
A loss is a loss, regardless of whether you are offsetting. You still lose money! |
Evans himself once did a YouTube interview and carefully patiently explained this and some people are so dense. |  |
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| Analysis of our current finances by Price of Football today on 21:05 - Jun 30 with 339 views | Skip_Intro |
| Analysis of our current finances by Price of Football today on 14:57 - Jun 30 by JammyDodgerrr |
A loss is a loss, regardless of whether you are offsetting. You still lose money! |
how dare you let facts get in the way of uninformed opinion!! |  | | |
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