Howay 12452 Posted April 11, 2017 Share Posted April 11, 2017 (edited) Describing Sissoko leaving as: "The much anticipated departure" is class btw As far as the club sort of announcing it I assume it was in the notes? I've not had much experience with IFRS but under U.S. GAAP you do have to make statements regarding major events that will impact the financial statements in the months following the close of accounts and I assume 40m is material enough to demand disclosure. Also I wouldn't take it as any intention to spend loads as they've also noted that the next accounts will show a spend due to the transfers out being payments over a number of years (again I'm fairly sure all of this has to be disclosed so wouldn't read too much into it). Edited April 11, 2017 by Howay Link to comment Share on other sites More sharing options...
ewerk 26327 Posted April 11, 2017 Share Posted April 11, 2017 Given that we supposedly pay for players up front then what is the £28.5m accrual relating to player registrations mean under the creditors section? Link to comment Share on other sites More sharing options...
Howay 12452 Posted April 11, 2017 Share Posted April 11, 2017 (edited) Given that we supposedly pay for players up front then what is the £28.5m accrual relating to player registrations mean under the creditors section? Not sure, have we always paid up front for players? as it increased by about 26m from 2015 to 2016, so perhaps he relaxed the rules a little when bringing in Wijnaldum and co? That's all I could think it could be since they are saying it is relating to payables on player registrations. That amount is only to creditors due in the next year as well, there's also 9.8m (up from 3.2m in 2015) in payables for player registrations due past one year. With it being something that even existed in at least one prior year I'd assume the club had relaxed the rules on all the money being paid up front. Edited April 11, 2017 by Howay Link to comment Share on other sites More sharing options...
Happy Face 29 Posted April 11, 2017 Share Posted April 11, 2017 http://www.themag.co.uk/2017/04/massive-40m-transfer-surplus-announced-newcastle-united/ Some more info for HF Cheers. This is what I was interested in.... https://twitter.com/bigchrisholt/status/851789517367504896 Wonder if the wonga replacement can finally lift us to unprecedented commercial performance. We won't find out until the year after next. Link to comment Share on other sites More sharing options...
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