by Cypry »
04 Feb 2014 06:47
Harpers So Solid Crew See this is where things get confused, Kebe and Marriappa left in account year, 2013/14, which are not out yet,
The wages jumped by £20M from 2012-2013, so that is also 2013/14???
Sorry Cypry, damn fine fella here and always talk sense, but your post makes no sense. The dates dont tie in.
JM took nothing out, his loans were repaid by loans that TSI brought in???? IF those loans were short term and due to be repaid, 2013/14, then that would leave us short.
If those loans attract realistic interest then that would not help either.
WHat is the actual account period that is being talked about here?
The accounts end June 2013, however, the part I'm referring to is:
24: Post Balance Sheet Events
Since the year end, the company has acquired players' registrations at a cost of £1,987,326 (2012 £5,286,452) The company has also sold players' registrations for proceeds of £3,500,000 (2012 £650,000)
So quite plainly it details what we received for Kebe and Mariappa, despite those transactions not actually falling in the accounting period.
That's the only part of the comments that I made which relates to anything outside of FY 2012-13, everything else I mentioned is in the accounting period. When I talked about the wages jumping, I could have used a different term (the accounts just refer to 2012 figures and 2013 figures - the year end date) - for clarity they jumped by nearly £23M from £23,444,617 in FY2011/12 to £46,171,340 in FY2012/13.
I'm not sure on the terms of the loans that TSI have made to us, but the accounts do show that a proportion of SJM's loans were repaid (he received monies to pay them back to the tune of some £3M) and replaced by loans from TSI themselves - where TSI got the money from is anybodies guess, but they are clearly loans from TSI to the club, not loans from a bank (or other commercial lender) to the club...
Hope that clarifies things....
