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Main Discussion - Norwich City
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 16/05/2008, 5:19 PM
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BigFish
 
Joined on 26/08/2003
Posts 428
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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 Mr.Carrow wrote: | | mr carra wrote: | |
"I almost always post in response to what i see as misunderstandings, misinformation or, bluntly, bulls**t propoganda. For example, the assumptions on wages above are probably the former."
But you never provide anything to back up your claims (the key phrase in all that is of course "what I see") and never have any positive suggestions - you just make stuff up and moan. Because of course its more fun to complain and find somebody to blame (and far far easier than putting things right).
"If the main point of football clubs is to make big profits then City can indeed be held up as a shining example"
City DO NOT make massive profits. This can easily be seen by looking at the actual financial figures. But you wouldn't do that of course because facts are the mortal enemy of fantasists like yourself.
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What on earth are you wittering on about? I provided the turnover/player wage percentages above as printed in the accounts. I would say £12m profit over three financial years is "big" for football clubs wouldn`t you?. Do you want the exact figures? Or would you prefer to ignore the facts that you don`t like? |
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Did the club really make £12million over the last three years or is this the "player trading profit".
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16/05/2008, 5:33 PM
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Mr.Carrow
Joined on 06/12/2003
Posts 1,529
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| Mr.Carrow wrote: | | mr carra wrote: | |
"I almost always post in response to what i see as misunderstandings, misinformation or, bluntly, bulls**t propoganda. For example, the assumptions on wages above are probably the former."
But you never provide anything to back up your claims (the key phrase in all that is of course "what I see") and never have any positive suggestions - you just make stuff up and moan. Because of course its more fun to complain and find somebody to blame (and far far easier than putting things right).
"If the main point of football clubs is to make big profits then City can indeed be held up as a shining example"
City DO NOT make massive profits. This can easily be seen by looking at the actual financial figures. But you wouldn't do that of course because facts are the mortal enemy of fantasists like yourself.
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What on earth are you wittering on about? I provided the turnover/player wage percentages above as printed in the accounts. I would say £12m profit over three financial years is "big" for football clubs wouldn`t you?. Do you want the exact figures? Or would you prefer to ignore the facts that you don`t like?
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Come on know-all, lets be `avin ya........
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16/05/2008, 5:50 PM
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BigFish
Joined on 26/08/2003
Posts 428
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| Mr.Carrow wrote: | | mr carra wrote: | |
"I almost always post in response to what i see as misunderstandings, misinformation or, bluntly, bulls**t propoganda. For example, the assumptions on wages above are probably the former."
But you never provide anything to back up your claims (the key phrase in all that is of course "what I see") and never have any positive suggestions - you just make stuff up and moan. Because of course its more fun to complain and find somebody to blame (and far far easier than putting things right).
"If the main point of football clubs is to make big profits then City can indeed be held up as a shining example"
City DO NOT make massive profits. This can easily be seen by looking at the actual financial figures. But you wouldn't do that of course because facts are the mortal enemy of fantasists like yourself.
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What on earth are you wittering on about? I provided the turnover/player wage percentages above as printed in the accounts. I would say £12m profit over three financial years is "big" for football clubs wouldn`t you?. Do you want the exact figures? Or would you prefer to ignore the facts that you don`t like? |
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Foul Mr Carrow and I suspect you are bright enough to know it. The £12 million figure is both slightly inaccurate and heavily weighted towards the Premiership season. Also it does not reflect the cash account figure that you choose to ignore. It also ignores the significant loss made in the promotion season and the year before.
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16/05/2008, 6:08 PM
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Mello Yello
Joined on 03/01/2004
Norwich
Posts 3,791
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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SKY MONEY?
"Give 'em enough rope"......
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16/05/2008, 6:11 PM
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BigFish
Joined on 26/08/2003
Posts 428
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| Mello Yello wrote: | |
Had it, spent it.
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16/05/2008, 8:02 PM
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Mello Yello
Joined on 03/01/2004
Norwich
Posts 3,791
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| blahblahblah wrote: | | Mello Yello wrote: | |
Now Bleurgh, do you have a copy of the accounts, or do you just leap on the boardwagon, holding court with us 'average Joe's' with your astounding and infinite wisdom 'of all things Carra' - in a Waghornesque style....![Sleep [|-)]](/cs/emoticons/emotion-20.gif)
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Damn.
Rumbled.
However, in the midst of all this misery, moaning and shuffling along by all the 40-somethings in here, isn't it good to have a bit of a counter-point ?
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I try not to create a midst of misery, preferring instead, to create mirth and friviolity amongst the forlorn, depressed and general malaise ridden forumististist's....Because I care....and even if I do actually talk a load of $hite an' bollox.....It does make me feel good about myself.
Now, do you have a copy of the accounts, Waghorn?
"Give 'em enough rope"......
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16/05/2008, 8:18 PM
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BigFish
Joined on 26/08/2003
Posts 428
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| Mello Yello wrote: | | blahblahblah wrote: | | Mello Yello wrote: |
| BigFish wrote: | | Mello Yello wrote: | |
Had it, spent it.
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Where?
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That would have been the barbeque last season ? Or the correct answer would be "It's in the accounts"...
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Yes, but I don't actually have a copy of the "It's in the accounts".... So therefore, can those who do have a copy, please (and if possible) explain to me where the SKY money's gone?....Thank You.
Now Bleurgh, do you have a copy of the accounts, or do you just leap on the boardwagon, holding court with us 'average Joe's' with your astounding and infinite wisdom 'of all things Carra' - in a Waghornesque style.... |
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Mello, I don't think the accounts will actually tell you this as you can witness from Mr Carrow efforts. The only people who really know are the finance dept at Carrow Road. Some of the money has undoubtedly gone in fixing the balance sheet - we did after all lose £8million in the two years before promotion. Some has gone on fixed assets as Mr Carrow will readily point out. A lot has gone on wages - the so called lucrative Prem season only actually gave a profit of £7.6 million which actually only amounted to £700k in cash - the rest going elsewhere on the balance sheet. Some has gone on debt servicing, effectively paying the mortgage.
A good illustration of this is 2005/2006 in which City reported a £2.5 million profit. However, that translated to having £1.5 million LESS cash at the end of the year. This indicates that City needed to make a minimum of £4 million before any additional expenditure could be funded. Where this £4 million went is difficult to tell but is likely to be fixed assets & debt repayment.
To put this into context this is actually more every year than Marcus Evans paid to buy Ipswich. And this largely explains why no one is actually going to turn up and try and buy out Smith & Jones anytime soon. So the only way out of this is for Roeder to play a blinder, it is all about the football in the end.
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16/05/2008, 10:00 PM
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Mr.Carrow
Joined on 06/12/2003
Posts 1,529
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| BigFish wrote: | | Mello Yello wrote: | | blahblahblah wrote: | | Mello Yello wrote: |
| BigFish wrote: | | Mello Yello wrote: | |
Had it, spent it.
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Where?
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That would have been the barbeque last season ? Or the correct answer would be "It's in the accounts"...
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Yes, but I don't actually have a copy of the "It's in the accounts".... So therefore, can those who do have a copy, please (and if possible) explain to me where the SKY money's gone?....Thank You.
Now Bleurgh, do you have a copy of the accounts, or do you just leap on the boardwagon, holding court with us 'average Joe's' with your astounding and infinite wisdom 'of all things Carra' - in a Waghornesque style....
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Mello, I don't think the accounts will actually tell you this as you can witness from Mr Carrow efforts. The only people who really know are the finance dept at Carrow Road. Some of the money has undoubtedly gone in fixing the balance sheet - we did after all lose £8million in the two years before promotion. Some has gone on fixed assets as Mr Carrow will readily point out. A lot has gone on wages - the so called lucrative Prem season only actually gave a profit of £7.6 million which actually only amounted to £700k in cash - the rest going elsewhere on the balance sheet. Some has gone on debt servicing, effectively paying the mortgage.
A good illustration of this is 2005/2006 in which City reported a £2.5 million profit. However, that translated to having £1.5 million LESS cash at the end of the year. This indicates that City needed to make a minimum of £4 million before any additional expenditure could be funded. Where this £4 million went is difficult to tell but is likely to be fixed assets & debt repayment.
To put this into context this is actually more every year than Marcus Evans paid to buy Ipswich. And this largely explains why no one is actually going to turn up and try and buy out Smith & Jones anytime soon. So the only way out of this is for Roeder to play a blinder, it is all about the football in the end.
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BF, in the years from 2001 to 2007 the club have made an overall £9m pre-tax profit (see p.9 of 2006 a.r.). Ok so thats only about £1.5m per year but most of that has been recent and £2m has been totally wasted in tax. Can you tell me what is so wise about throwing £2m away?
In 2005/2006 the infrastructure spend was £3.9m which i think answers your point and included a "new ticket office, a new club 101 facility, study support facility, tenanted office facilities for connexions and broadland housing and the start of the spaces for sport project". Oh, and a new road. £3.9m well spent when the team is stuck in a downward spiral eh?
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16/05/2008, 10:28 PM
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BigFish
Joined on 26/08/2003
Posts 428
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Re: Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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| Mr.Carrow wrote: | | BigFish wrote: | | Mello Yello wrote: | | blahblahblah wrote: | | Mello Yello wrote: |
| BigFish wrote: | | Mello Yello wrote: | |
Had it, spent it.
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Where?
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That would have been the barbeque last season ? Or the correct answer would be "It's in the accounts"...
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Yes, but I don't actually have a copy of the "It's in the accounts".... So therefore, can those who do have a copy, please (and if possible) explain to me where the SKY money's gone?....Thank You.
Now Bleurgh, do you have a copy of the accounts, or do you just leap on the boardwagon, holding court with us 'average Joe's' with your astounding and infinite wisdom 'of all things Carra' - in a Waghornesque style....
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Mello, I don't think the accounts will actually tell you this as you can witness from Mr Carrow efforts. The only people who really know are the finance dept at Carrow Road. Some of the money has undoubtedly gone in fixing the balance sheet - we did after all lose £8million in the two years before promotion. Some has gone on fixed assets as Mr Carrow will readily point out. A lot has gone on wages - the so called lucrative Prem season only actually gave a profit of £7.6 million which actually only amounted to £700k in cash - the rest going elsewhere on the balance sheet. Some has gone on debt servicing, effectively paying the mortgage.
A good illustration of this is 2005/2006 in which City reported a £2.5 million profit. However, that translated to having £1.5 million LESS cash at the end of the year. This indicates that City needed to make a minimum of £4 million before any additional expenditure could be funded. Where this £4 million went is difficult to tell but is likely to be fixed assets & debt repayment.
To put this into context this is actually more every year than Marcus Evans paid to buy Ipswich. And this largely explains why no one is actually going to turn up and try and buy out Smith & Jones anytime soon. So the only way out of this is for Roeder to play a blinder, it is all about the football in the end.
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BF, in the years from 2001 to 2007 the club have made an overall £9m pre-tax profit (see p.9 of 2006 a.r.). Ok so thats only about £1.5m per year but most of that has been recent and £2m has been totally wasted in tax. Can you tell me what is so wise about throwing £2m away?
In 2005/2006 the infrastructure spend was £3.9m which i think answers your point and included a "new ticket office, a new club 101 facility, study support facility, tenanted office facilities for connexions and broadland housing and the start of the spaces for sport project". Oh, and a new road. £3.9m well spent when the team is stuck in a downward spiral eh? |
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Mello's question was where has the money gone and I ma sure the infrastructure spend you mention gives him some indication. We have had this debate before and probably will again but you remain ignorant of any convenants the club has entered around the securitisation deal as these are commercially confident and none know or are entitled to know this. The idea that NCFC PLC could be run either as profit neutral or at a loss is naive in the extreme. The debt must be repayed and it must be repayed from profits/cash and tax must be paid on those. Hence the fact that the Prem season only produced £700k of cash that you have ignored though I am sure you can find it in the relevant accounts. The answer to the spiral lies on the pitch not in the accounts.
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pink'un » Have Your Say » Main Discussion... » Last 3 years - £19.3m transfer fees incoming - £8.6m transfer fees outgoing
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