ewerk 26343 Posted February 5, 2022 Share Posted February 5, 2022 (edited) 7 hours ago, Howay said: Not to burst everyone’s bubble but sales of shares don’t impact P&L, so won’t be a mechanism for getting round FFP. I’d say it’s a way of getting cash into the club but if that was the case they could just give it to the club, since in either case it wouldn’t change FFP. Honestly not entirely sure what they’re doing here tbh. I was tempted to explain that myself but didn’t want to face the wrath of the armchair accountants. It’s basically a way of introducing money into the company without creating debt on the balance sheet. As you say, it doesn’t change our position on FFP. Edited February 5, 2022 by ewerk 3 1 Link to comment Share on other sites More sharing options...
trophyshy 6434 Posted February 5, 2022 Share Posted February 5, 2022 *so-called armchair accountants. 11 Link to comment Share on other sites More sharing options...
Tom 13846 Posted February 5, 2022 Share Posted February 5, 2022 Oh well it was nice whilst it lasted 4 Link to comment Share on other sites More sharing options...
Howay 12454 Posted February 5, 2022 Share Posted February 5, 2022 4 hours ago, ewerk said: I was tempted to explain that myself but didn’t want to face the wrath of the armchair accountants. It’s basically a way of introducing money into the company without creating debt on the balance sheet. As you say, it doesn’t change our position on FFP. Yeah that makes sense. I know they’d injected cash into the club early in their ownership and was interested in the manner they did it, and would continue to do it. This is exactly the sort of high octane chat this board always needed. Glad to see it’s been met with the enthusiasm my accounting chat is usually met with. 5 Link to comment Share on other sites More sharing options...
Howay 12454 Posted February 5, 2022 Share Posted February 5, 2022 4 hours ago, Tom said: Oh well it was nice whilst it lasted I was enjoying the craic about it, just thought I’d put my glasses on and note it just so people weren’t wondering why they weren’t doing it to get around FFP in future. My mates had all been texting me the same, definitely felt like the fun police yesterday. I’ve little to no doubt they have a ton of ways to get around FFP in any case. Link to comment Share on other sites More sharing options...
Ayatollah Hermione 12767 Posted February 5, 2022 Share Posted February 5, 2022 I’m more of a big ideas man, I’ll let you nerds crunch the numbers 3 Link to comment Share on other sites More sharing options...
Craig 6306 Posted February 5, 2022 Share Posted February 5, 2022 1 hour ago, Howay said: Yeah that makes sense. I know they’d injected cash into the club early in their ownership and was interested in the manner they did it, and would continue to do it. This is exactly the sort of high octane chat this board always needed. Glad to see it’s been met with the enthusiasm my accounting chat is usually met with. In short, 'football finance expert, Kieran Maguire' isn't much of a football finance expert then? 2 Link to comment Share on other sites More sharing options...
Howay 12454 Posted February 5, 2022 Share Posted February 5, 2022 27 minutes ago, Craig said: In short, 'football finance expert, Kieran Maguire' isn't much of a football finance expert then? I’m not too familiar with his stuff tbh. It looks like he’s a finance professor so he could also be farming for likes/interactions on his Twitter as he knows how the transaction will look to people. Link to comment Share on other sites More sharing options...
Isegrim 8870 Posted February 5, 2022 Share Posted February 5, 2022 Just now, Howay said: I’m not too familiar with his stuff tbh. It looks like he’s a finance professor so he could also be farming for likes/interactions on his Twitter as he knows how the transaction will look to people. His book is quite good tbh. 1 Link to comment Share on other sites More sharing options...
ewerk 26343 Posted February 5, 2022 Share Posted February 5, 2022 30 minutes ago, Craig said: In short, 'football finance expert, Kieran Maguire' isn't much of a football finance expert then? I didn’t see any reference to FFP in his initial tweet but looking into what he’s said to the Chronicle basically the owners can put in £90m via share equity over a three year period and that money can be spent without contributing to FFP restrictions. So don’t listen to that Howay knacker, I always knew he was talking out of his arse. 1 Link to comment Share on other sites More sharing options...
Howmanheyman 26824 Posted February 5, 2022 Share Posted February 5, 2022 3 minutes ago, ewerk said: I didn’t see any reference to FFP in his initial tweet but looking into what he’s said to the Chronicle basically the owners can put in £90m via share equity over a three year period and that money can be spent without contributing to FFP restrictions. So don’t listen to that Howay knacker, I always knew he was talking out of his arse. Announce M'Bappe! 4 Link to comment Share on other sites More sharing options...
Howay 12454 Posted February 5, 2022 Share Posted February 5, 2022 (edited) 51 minutes ago, ewerk said: I didn’t see any reference to FFP in his initial tweet but looking into what he’s said to the Chronicle basically the owners can put in £90m via share equity over a three year period and that money can be spent without contributing to FFP restrictions. So don’t listen to that Howay knacker, I always knew he was talking out of his arse. Interesting, I thought FFP was driven purely off the P&L then adjusted to remove investment into things like infrastructure. I had assumed it was them putting cash back in for Bruno, glad to be wrong, they’re clearly finding the loopholes in the rules which is great as it’s really backing up other evidence to what’s coming in future. FFP is an even bigger joke than I originally thought @Tom get excited again after I (and ewerk 😉) went into buzz killington mode. Means this lot plan on spending fucking shit loads since we could already spend a lot anyway but they’re utilizing other means to spunk even more on players as well! Edited February 5, 2022 by Howay 5 Link to comment Share on other sites More sharing options...
Tom 13846 Posted February 5, 2022 Share Posted February 5, 2022 6 Link to comment Share on other sites More sharing options...
Gemmill 34458 Posted February 6, 2022 Share Posted February 6, 2022 21 hours ago, ewerk said: I was tempted to explain that myself but didn’t want to face the wrath of the armchair accountants. It’s basically a way of introducing money into the company without creating debt on the balance sheet. As you say, it doesn’t change our position on FFP. FROM THE MAN THAT COULDN'T HACK IT IN THE NUMBERS WORLD. 4 Link to comment Share on other sites More sharing options...
Tom 13846 Posted February 6, 2022 Share Posted February 6, 2022 13 Link to comment Share on other sites More sharing options...
Isegrim 8870 Posted February 6, 2022 Share Posted February 6, 2022 Fat Mike is seething. 1 3 Link to comment Share on other sites More sharing options...
Gemmill 34458 Posted February 6, 2022 Share Posted February 6, 2022 Can they still give birth at work? 3 Link to comment Share on other sites More sharing options...
Tom 13846 Posted February 6, 2022 Share Posted February 6, 2022 It’s a very timely announcement given the energy crisis Sunak has thrown us into 2 Link to comment Share on other sites More sharing options...
Gemmill 34458 Posted February 6, 2022 Share Posted February 6, 2022 Whatever the Saudis have done, nobody deserves this. 2 1 Link to comment Share on other sites More sharing options...
PaddockLad 14585 Posted February 6, 2022 Share Posted February 6, 2022 9 minutes ago, Gemmill said: Whatever the Saudis have done, nobody deserves this. I have a really, really bad feeling about this… 3 Link to comment Share on other sites More sharing options...
sammynb 2929 Posted February 6, 2022 Share Posted February 6, 2022 2 minutes ago, PaddockLad said: I have a really, really bad feeling about this… What's the worst they can do, cut her down to size??? 3 Link to comment Share on other sites More sharing options...
PaddockLad 14585 Posted February 6, 2022 Share Posted February 6, 2022 5 minutes ago, sammynb said: What's the worst they can do, cut her down to size??? She’ll be pictured with a black and white scarf at PIF HQ…. Link to comment Share on other sites More sharing options...
ewerk 26343 Posted February 7, 2022 Share Posted February 7, 2022 No compensation required. Link to comment Share on other sites More sharing options...
Andrew 4220 Posted February 7, 2022 Share Posted February 7, 2022 It would be an excellent PR move from our already universally loved and respected ownership 1 4 Link to comment Share on other sites More sharing options...
strawb 3659 Posted February 7, 2022 Share Posted February 7, 2022 When did it become wrong to send dick pics to female members of staff using your company email account? Games gone 10 Link to comment Share on other sites More sharing options...
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