MFC 2023 accounts

Blott · January 26, 2024, 04:46:10 PM

Are pretty good. Way to complicated for me to understand without more detail.

But to give just one number, the players in total are valued at circa £10m. Or one young lads left leg.

If a buyer ever comes in for the club Gibbo will get his £107m back and change.

In With the Lurpak · January 26, 2024, 07:57:54 PM

Quote from: Blott on January 26, 2024, 04:46:10 PMAre pretty good. Way to complicated for me to understand without more detail.

But to give just one number, the players in total are valued at circa £10m. Or one young lads left leg.

If a buyer ever comes in for the club Gibbo will get his £107m back and change.

Can't come soon enough . Them numbers are out of the viz comic aren't they

Has out happened this transfer window at all .

Francks left peg · January 26, 2024, 09:36:02 PM

In Gibbo we trust.

Blott · January 26, 2024, 11:10:40 PM

What's Viz?

Bud Wiser · January 26, 2024, 11:40:36 PM

The figures were a little concerning as far as I'm concerned. And without knowing the previous years or the breakdown, 26000+ average attendances plus two £10/12m transfers yet still a deficit of £6.75m is not a particularly great balance sheet.
I hope for Gibson's/the clubs sake that any money for Spence & Tavernier only included part payments received by 30th June 2023.

Blott · January 27, 2024, 10:43:14 AM

Nothing concerning, as I said the players according to the balance sheet are worth £10m. How much do you think they will get for Rodgers and Hackney alone?

The land they train on will be worth £150m plus to builders.

Sorry to be a downer on you but the accounts are pretty good, the club is wellrun.

Bud Wiser · January 27, 2024, 05:00:27 PM

Quote from: Blott on January 27, 2024, 10:43:14 AMNothing concerning, as I said the players according to the balance sheet are worth £10m. How much do you think they will get for Rodgers and Hackney alone?

The land they train on will be worth £150m plus to builders.

Sorry to be a downer on you but the accounts are pretty good, the club is wellrun.

And how do you get that passed FFP rules?

Blott · January 27, 2024, 05:12:59 PM

We are easily within FFP, keep looking for the bad news.

Bud Wiser · January 27, 2024, 09:06:10 PM

Quote from: Blott on January 27, 2024, 05:12:59 PMWe are easily within FFP, keep looking for the bad news.

Who said we weren't? You seem to think a well supported, mid-table Championship team who sell two players for in excess of £20m yet have are £millions in debt (regardless to who) is acceptable. I don't. Simple as that.

Blott · January 27, 2024, 09:10:37 PM

Amazon are over $20 billion. By your logic they are a proper shit company.

If you buy a house for £250,000 and put a deposit down of £20,000 are you more astute than a person who buys a house for £300,000 and puts £40,000 down?

The borrowing is irrelevant as long as it can be repaid.

Bud Wiser · January 27, 2024, 09:15:18 PM

You just don't appear to get what this Financial Fair Play is all about, do you.

Blott · January 27, 2024, 09:36:41 PM

Quote from: Bud Wiser on January 27, 2024, 09:15:18 PMYou just don't appear to get what this Financial Fair Play is all about, do you.

to be fair to you no I don't I haven't read the detail.

From the summaries I have read we are one of the safest clubs in the Championship.

Summary of current FFP regulations

Clubs are permitted to spend up to €5 million more than they earn per assessment period (three years). However it can exceed that level to a limit if it is covered by a direct contribution from the club's owner.