24-05-2018, 07:02 PM
Nowhere near as bad as the club have tried to make out once you strip out the provisions.
The wage bill though is a bit baffling having risen £37.5m - included in this is a one off provision to write off certain players contracts of £21m & promotion bonus of £10m. Still that means the overall basic wage bill increased £6.5m - fair enough Rafa & his staff will be on a lot more than we will of paid out the year earlier - but I cannot see how Ritchie, clark & Gayle we’re given contracts more than Townsend, colo & cisse!
Anyway back to the overall accounts - the loss looks bad but The £90m loss (before profit/loss on sales) is made up of:-
Loss of £40m income - this will of increased by a minimum of £100m for last season
The above extra provision & bonus on wages of £31m - the provision will be a one off charge to the accounts
A provision for the HMRC case - the value of which wasn’t identified individually - again a one off charge to the accounts
Ashley had to put more cash in but I expect him to have taken that extra back out in last season.
We were owed £60m from players sold whole owed out £25m for players bought - he’d of used that difference to take his additional loan back
The accounts showed we cannot afford to drop again as failure to come back up straight away will be catastrophic in the long term
The wage bill though is a bit baffling having risen £37.5m - included in this is a one off provision to write off certain players contracts of £21m & promotion bonus of £10m. Still that means the overall basic wage bill increased £6.5m - fair enough Rafa & his staff will be on a lot more than we will of paid out the year earlier - but I cannot see how Ritchie, clark & Gayle we’re given contracts more than Townsend, colo & cisse!
Anyway back to the overall accounts - the loss looks bad but The £90m loss (before profit/loss on sales) is made up of:-
Loss of £40m income - this will of increased by a minimum of £100m for last season
The above extra provision & bonus on wages of £31m - the provision will be a one off charge to the accounts
A provision for the HMRC case - the value of which wasn’t identified individually - again a one off charge to the accounts
Ashley had to put more cash in but I expect him to have taken that extra back out in last season.
We were owed £60m from players sold whole owed out £25m for players bought - he’d of used that difference to take his additional loan back
The accounts showed we cannot afford to drop again as failure to come back up straight away will be catastrophic in the long term