Perhaps, they want to be careful that they don't lose any momentum if they are serious about this
All change of ownership and Red Knights related posts here please
- Thread starter Gunnar
- Start date
Perhaps, they want to be careful that they don't lose any momentum if they are serious about this
Yes the main thing of qualifying for the ECL will be achieved whatever happens and, as you say, a spectacular signing will help. But judging from last year, unless they do throw a lot of money at it, that may not be easy. At the same time we could see some exits to cut the wage bill.
Of course Harris isn't the only one. I would imagine Jim O'Neill carries more than enough credibility. Probably not easy to get all the ducks in a row without the media knowing - it's all very high profile.
I think the 'knights' are trying to use the positive publicity to convince more investors to get on board, meaning they couldn't really keep it quiet.
I'd agree with that, plus to inform the fans that something is going on to count on their support. Whether its done in a very good way or not is another question
sadly completely true. I managed to work out the tax owing but the actual accounts are still a mystery.Cheers, I get that TD, the problem is when you go through the HMRC online form, at the end of it if the total assets figure on the balance sheet isn't the same as the P&L account + shareholders' funds, it tells you it doesn't tally...
But why should they tally? As you say they describe totally different things.
Cheers, I get that TD, the problem is when you go through the HMRC online form, at the end of it if the total assets figure on the balance sheet isn't the same as the P&L account + shareholders' funds, it tells you it doesn't tally...
But why should they tally? As you say they describe totally different things.
The transactions concerning P&L accounts during the year also influence the accounts in the balance. if you book a sale of a product for example, one account is always the P&L account, the other one an account of the balance (e.g. bank, debtor, etc).
But for instance the fixed asssets don't go into the P&L accounts, do they? Whereas they are in the balance, accounting for depreciation. That seems to be the main thing that's shafting me.
Well, the RedKnights can't afford it themselves, they need investors. Investors who will have the best interests of United at heart though, of course.
You buy a PC for £1000 and straight-line depreciate it over four years. -£250 pa in the P&L and reduce the asset value on the balance sheet year on year?
Wait a minute... you include depreciation in the P&L?
Give D some preciation yo.
Feck, that's going to take the P&L even further away from the total asset value.
Isn't it, sinch? ISN'T IT.
Isn't it, sinch? ISN'T IT.
- Yes, Plech, it is. And that's going to make you very sad, isn't it?
- That's right, sinch.
- I imagine that you've been up every night for the last 10 days till at least 1 in the morning staring at this shit, haven't you?
- That's right, sinch.
- ...while also posting on the Caf quite a lot...
- From time to time, yes.
- Have you considered getting an accountant?
- I probably should have got an accountant, but now I've invested so much time in it - discovering along the way that when you get past the boredom threshold, there is a kind of beauty in the world of accountancy - that it's now a point of pride and I have to do it myself.
- You're going to prison aren't you?
- I think so, yes.
- That's right, sinch.
- I imagine that you've been up every night for the last 10 days till at least 1 in the morning staring at this shit, haven't you?
- That's right, sinch.
- ...while also posting on the Caf quite a lot...
- From time to time, yes.
- Have you considered getting an accountant?
- I probably should have got an accountant, but now I've invested so much time in it - discovering along the way that when you get past the boredom threshold, there is a kind of beauty in the world of accountancy - that it's now a point of pride and I have to do it myself.
- You're going to prison aren't you?
- I think so, yes.
30,000 Man United fans may ditch season tickets
442 Staff - 2 hours ago
More than 30,000 of Manchester United's 55,000 season ticket holders could be considering giving up their Old Trafford seats, a survey has shown.
A staggering 59% of the Red Devils fans polled said they may not renew their season tickets for the 2010/11 season - making them the Premier League club at risk of losing the most season ticket holders - with 44% saying they may now only buy tickets occasionally and when it suits them, with the other 15% revealing they may give up going to United games entirely.
Meanwhile, 54% of Wolves season ticket holders are considering cancelling, making the West Midlands side the Premier League club with the second highest percentage, with fellow Premier League new boys Burnley third with 31%.
The research, compiled by Virgin Money, shows that 25% of Premier League season ticket holders are considering not renewing at the end of the current campaign, while 4% are planning on stopping attending games altogether.
Malcolm Clarke, Chairman of the Football Supporters' Federation, said: "[Premier League] season tickets are still priced astronomically compared with other major European leagues such as Spain, Italy and Germany.
"At many clubs there's little or no recognition of loyalty in the prices charged compared with buying match by match.
“Prices for essentials like food, rents, transport and petrol are going up and football fans like everybody else are struggling with frozen or declining pay and unemployment. Clubs need to bear this in mind when setting next season's prices.”
However United’s place at the head of the table isn’t just down to the current financial climate, with a large number of the club’s fans vocal in their disapproval of the way they club is being run by the Glazer family.
The three-time European champions have been saddled with massive debts since their takeover in 2005, and as a result ticket prices at Old Trafford have risen significantly.
Some fans have also spoken out against a scheme which forces season ticket holders to buy tickets for all cup matches over the course of the season.
The Automatic Cup Ticket scheme (ACT), which provides season ticket holders with tickets for all Champions League, FA Cup and League Cup matches at Old Trafford, was introduced in 2007 and has proven costly for United’s fans, with Wednesday’s Champions League tie with AC Milan the 29th cup match played at Old Trafford in the three seasons since.
Clarke added: "Shamefully Manchester United was the only Premier League club that put up their prices for the current season. Every other club froze or reduced them. They also sold Cristiano Ronaldo to Real Madrid. Huge numbers of United fans are in open revolt against the Glazer family's huge cash drain on the club.
“They're paying the price for the leveraged buy-out in 2005 that has loaded a massive £700 million debt onto United's books. The Glazer regime has put up ticket prices by half in less than five years. No wonder almost six out of 10 Old Trafford season ticket holders are thinking of not renewing."
The research shows that, despite their relatively poor season and own misgivings regarding ownership, Liverpool fans are the least likely to cancel their season tickets.
Just 9% of those surveyed said they were considering it, putting the Anfield side bottom of the table alongside Stoke City.
Percentage of fans considering not renewing season tickets:
Man Utd 59%
Wolves 54%
Burnley 31%
Fulham 29%
Everton 28%
Blackburn 28%
Portsmouth 28%
West Ham 27%
Aston Villa 24%
Sunderland 23%
Wigan 21%
Tottenham 19%
Man City 18%
Birmingham 17%
Chelsea 17%
Hull 17%
Arsenal 14%
Bolton 13%
Liverpool 9%
Stoke City 9%
30,000 Man United fans may ditch season tickets - FourFourTwo
Pie in the sky?
442 Staff - 2 hours ago
More than 30,000 of Manchester United's 55,000 season ticket holders could be considering giving up their Old Trafford seats, a survey has shown.
A staggering 59% of the Red Devils fans polled said they may not renew their season tickets for the 2010/11 season - making them the Premier League club at risk of losing the most season ticket holders - with 44% saying they may now only buy tickets occasionally and when it suits them, with the other 15% revealing they may give up going to United games entirely.
Meanwhile, 54% of Wolves season ticket holders are considering cancelling, making the West Midlands side the Premier League club with the second highest percentage, with fellow Premier League new boys Burnley third with 31%.
The research, compiled by Virgin Money, shows that 25% of Premier League season ticket holders are considering not renewing at the end of the current campaign, while 4% are planning on stopping attending games altogether.
Malcolm Clarke, Chairman of the Football Supporters' Federation, said: "[Premier League] season tickets are still priced astronomically compared with other major European leagues such as Spain, Italy and Germany.
"At many clubs there's little or no recognition of loyalty in the prices charged compared with buying match by match.
“Prices for essentials like food, rents, transport and petrol are going up and football fans like everybody else are struggling with frozen or declining pay and unemployment. Clubs need to bear this in mind when setting next season's prices.”
However United’s place at the head of the table isn’t just down to the current financial climate, with a large number of the club’s fans vocal in their disapproval of the way they club is being run by the Glazer family.
The three-time European champions have been saddled with massive debts since their takeover in 2005, and as a result ticket prices at Old Trafford have risen significantly.
Some fans have also spoken out against a scheme which forces season ticket holders to buy tickets for all cup matches over the course of the season.
The Automatic Cup Ticket scheme (ACT), which provides season ticket holders with tickets for all Champions League, FA Cup and League Cup matches at Old Trafford, was introduced in 2007 and has proven costly for United’s fans, with Wednesday’s Champions League tie with AC Milan the 29th cup match played at Old Trafford in the three seasons since.
Clarke added: "Shamefully Manchester United was the only Premier League club that put up their prices for the current season. Every other club froze or reduced them. They also sold Cristiano Ronaldo to Real Madrid. Huge numbers of United fans are in open revolt against the Glazer family's huge cash drain on the club.
“They're paying the price for the leveraged buy-out in 2005 that has loaded a massive £700 million debt onto United's books. The Glazer regime has put up ticket prices by half in less than five years. No wonder almost six out of 10 Old Trafford season ticket holders are thinking of not renewing."
The research shows that, despite their relatively poor season and own misgivings regarding ownership, Liverpool fans are the least likely to cancel their season tickets.
Just 9% of those surveyed said they were considering it, putting the Anfield side bottom of the table alongside Stoke City.
Percentage of fans considering not renewing season tickets:
Man Utd 59%
Wolves 54%
Burnley 31%
Fulham 29%
Everton 28%
Blackburn 28%
Portsmouth 28%
West Ham 27%
Aston Villa 24%
Sunderland 23%
Wigan 21%
Tottenham 19%
Man City 18%
Birmingham 17%
Chelsea 17%
Hull 17%
Arsenal 14%
Bolton 13%
Liverpool 9%
Stoke City 9%
30,000 Man United fans may ditch season tickets - FourFourTwo
Pie in the sky?
If we've shown profits of only around £30 mill after Ronaldo's sale, how did we get the 140 mill in the bank? Has it been accumulated over a few years? in any case weren't we making a loss in the previous years?
Thanks again in advance.
I thought everyone had a least one friend who is an accountant? And half of the feckers are unemployed at the mo.
Word up Doc Dwayne, representing the northside (oh, way up north nigga), big shout out to the central European ethnic German ancestry crew, Molson beer is how we do, smoked paprika sourdough 4 life yo
I know one guy but I've not seen him in ages and couldn't ask him to do shit for free.
I know one guy but I've not seen him in ages and couldn't ask him to do shit for free.
You're lucky. In the last few years I can think of about ten mates of mine or my missus that have qualified. And they love talking about accounting, which is about as interesting as watching someone write, without being able to see what they're writing.
Accountants aren't that expensive anyway. A few hundred quid a year, for someone doing a job on the side. That way you have someone to blame when it all goes tits up.
Things like goodwill, amortisation and depreciation are accounting entries to reduce the value of assets over time and thus are not 'cash' entries. The assets being depreciated etc have been paid for in previous periods. Therefore you can be cash generating despite making an accounting loss.
Challah!
Accountancy's amazing. I've had this revelation. There was one bit that tallied, and seeing all the calculations come out perfectly (well, to within seventeen quid) was a moment of genuine joy, like some sort of Grace... or possibly Mercy... was operating in the universe.
Things have gone downhill a bit since then.
There's a great book by B S Johnson called "Christie Malry's Own Double-Entry" about a bloke who draws his whole life up into an account and decides to settle it. He topped himself soon after writing it which I suppose was his way of doing the same thing.
Accountancy's amazing. I've had this revelation. There was one bit that tallied, and seeing all the calculations come out perfectly (well, to within seventeen quid) was a moment of genuine joy, like some sort of Grace... or possibly Mercy... was operating in the universe.
Things have gone downhill a bit since then.
There's a great book by B S Johnson called "Christie Malry's Own Double-Entry" about a bloke who draws his whole life up into an account and decides to settle it. He topped himself soon after writing it which I suppose was his way of doing the same thing.
That's voodoo shit, right there. Means absolutely nothing to me but sounds cool as feck and really really important.
I often wish I could launch into a detailed description of post-synaptic monamine receptor downregulation and freak out some of you cnuts with my own dark arts but I've yet to find the right thread.
One day...
Yeah, I guess that 'eureka' moment can be nice, but I've long come to the conclusion that there are some things I just can't be arsed with, as I can pay someone else a reasonably small amount so I don't have to think about it; my accounts and car repair have fallen into this category so far.
Yep, next year I'm getting a fecking accountant, no question.
fecking accountants are the best ones. Non-fecking accountants you should be very wary of.
They don't really understand double-entry, for one thing.
They don't really understand double-entry, for one thing.
Or tangible assets...
Or leverage...
I got taught P&L: Credit = good, debit = bad. Balance Sheet: Debit = good, credit = bad. It was actually quite useful when studying.
It's incredibly dull. Tax is worse though. Learn one rule then about 50 exceptions.
Or gross turnover...
It's not really whether they're good or bad that's the issue, but whether they add up.
Er yes. I fear you're now going to have to explain to her-indoors why you made too much profit and paid too much tax on her behalf.
I got a first in tax law at uni and it still means feck all to me.
I was too busy working and posting about hip-hop.
Are you sorted Plech ?
I did A levels in Economics and Business Studies and did Accountancy as one of my modules at Uni, drop me a PM if you still need help. And yes, that feeling when you get your figures to tally is a beautiful thing.
Are you sorted Plech ?
I did A levels in Economics and Business Studies and did Accountancy as one of my modules at Uni, drop me a PM if you still need help. And yes, that feeling when you get your figures to tally is a beautiful thing.
feck.
Why is there no bit on the online form for depreciation then? It has a bit that talks about profit and loss on disposal, but the company didn't dispose of any assets. I couldn't find anything that allowed me to put in the depreciation.
Surely they'll pay it back when we explain that I spazzed it up?