Geordieboyo

I didn't say that, just that there is no magical cut-off date where we need to spend the money or be stung with a huge tax bill. If anything, keeping the 'profit' fully in this accounting year makes perfect sense as the club/company get to utilise past year tax losses to ensure that the exceptional profit this year doesn't attract a massive tax bill and the tax losses aren't lost. I know that you understand the big difference between cashflow and profits in football clubs and how the treatment of payer sales/purchases affects this. In short, an accounting year will have no bearing on how much of the Carroll money we spend/lose. sarcasm is a form of wit..... I'm one of the few people who said, at the time, that allowing Souness to sell and buy in the manner he did was financially bad for the club and would have longer term repercussions, I'm not specifically talking about any one player ie Owen, but I AM also including the sales of Bellamy and Robert both for playing reasons and also for the fees that were got for both of them. I understand exactly what you are saying, but my point is that under Mike Ashley, we are in a decline and are accepting lower standards than ought to be the case, we have to keep pace with the other top clubs, if we don't attempt to, we only fall further behind. I agree with most of that, excpet I don't think we have been in decline this season (on the pitch at least). However, to go from that to the Carroll money disappearing down a black hole before the transfer window opens is a big leap! Come the end of August you may be right, and I doubt we'll spend £35m but hopefully we don't have to and we get some more Tiote style gems and build the quantity as well as the quantity of the squad. Time will tell

I didn't say that, just that there is no magical cut-off date where we need to spend the money or be stung with a huge tax bill. If anything, keeping the 'profit' fully in this accounting year makes perfect sense as the club/company get to utilise past year tax losses to ensure that the exceptional profit this year doesn't attract a massive tax bill and the tax losses aren't lost. I know that you understand the big difference between cashflow and profits in football clubs and how the treatment of payer sales/purchases affects this. In short, an accounting year will have no bearing on how much of the Carroll money we spend/lose.

Wrong I'm afraid. The Carroll sale will contribute £35m to the overall profit/loss in the accounts. Any money spent on new players will contribute to the overall profit/loss in the accounts over the next few years (depending on length of contracts etc). Even if we were to sign someone now for £30m and have his contract start today (don' even know if that would be allowed with transfer windows) then at most there would be 6 weeks worth of the money spent showing in the accounts this year. As we've made significant losses in the past few years we will have brought forward tax losses to utilise against any profit this year. If we're looking at reduced losses or even profits in the next few years, then now is probably a good time to have a whacking great profit so Mike is probably quite keen to realise it

Handed my notice in from my last job on my bosses last day before Christmas last year. Felt so good fucking up her early holiday by making her deal with employment agencies

Mine was put on in Dixons Sports with the number. Looked class

For anyone asking can it be all bad...... All of our away contingent will be forced into South Wales TWICE. Think on that. Noe I have to live down here so it will make it easier to get to a few games, just remember to get the jabs first

I had a black patch on my ASICS kit when I got a number put one!

Had my holiday cancelled. Should have been sat on a plane today going to Cancun. Booked Aruba instead in 3 weeks.

Funny how the top teams who 'always get these decisions' don't actually benefit from them at all. Although what it doesn't tell you is how these decisions actually impact games, e.g that penalty swung the momentum firmly into Man Utd's favour but has not impact on the table comparative

Going in two weeks. Oink Oink

If Adidas are ditching us what a money spinner it would be for their last home shirt to be a re-release of the 95-97 shirt

The San Shearo was the Mirror headline Was a portuguese ref wasn't it who kept giving their portuguese winger anything and everything. It is no coincidence btw that our shirt that season was fucking class and so were we. Our shirts since then have been shite, the team likewise

The Wii shop really needs an Amiga section. Sensi Soccer Kick Off James Pond Cannon Fodder Speedball 2 I think I'd just buy everything on there!

2nd picture down, thats one loving look wor stevie T is getting!

12 points (and an improved goal difference after thumping the Spuds). Nowt to worry about