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Entering last year of his deal I think as I'm sure he only signed a 3 year one. Club may have a decision to make
Bomber said after the game what I thought for a while, in that we look jaded.
Yok was poor again and we just haven't got the energy of a Molumby to protect the MF.
Just like the Leeds team under Bielsa we look like we're running out of steam.
This is down to the limited, old squad we have and not CC's, who I am certain knew of this issue, hence the signing of another aged freebie in M'Vila.
With proper backing cc would have had us better than where we are now. Forced to play NC after trying to get rid of him last summer, when he should never have been given an 18 month contract, and then just giving up on him when bringing in M'Vila.
I didn't expect anything from the Millwall and Stoke games, but thought we'd beat Watford, so 3 points from those 3 games isn't terrible, but there was no way we would have given away a 2 nil lead if the players weren't knackered, even though they have just had an international break.
In no way should CC be blamed for the failures of others if we don't make the top 6.
Big games against Rotherham and Sunderland ahead and hopefully we'll get maximum points.
COYB.
To calculate the profit on a sale the following equation is applied.
Fee-Book Value = Profit
Book Value is calculated as follows Fee Paid - Amortization (Fee Paid/contract term)x expired term of the contract.
Plugging in the numbers for the Pereira deal as per transfermarkt
I believe Pereira was on a four deal when he signed so it had run down to 3 at the point he was sold
He was bought for £8.25m and was 1 year into a 4 year deal which gives a book value of £6.187m.
He was sold for £18m therefore the profit was £18m - £6.187m = £11.82m
If you add in £2m from the sale of Harper and Field (if we don't pay fee any fees received are 100% profit) plus the bulk of the Hegazy fee as I don't think he had much if anything left on his contract when we sold him. Then we aren't far short of £16.9m.
Assuming that is correct (nothing I could see in the accounts to explain their methodology) how do we second guess the figures and make them add-up? Accounts to June 2022 show a profit of £16.9m from disposal of player registrations and they include the sale of Pereira (TBC), Hegazy (£2.5m) Harper (peanuts) & Field (maximum £1m). As much as I distrust the former ownership it is still hard to believe that we sold Pereira to the Middle East money-men for a circa £13-14m. That would reek of corruption. The other possibility is that Dowling is right and that half or more of the transfer fee disappeared off the books in a rotten deal straight to Lai, the type that was allegedly discussed in the prior January window.
Profits and losses on player trading are shown in the year that they are realised, regardless of when the money is paid. The £8m in regard to transfer fees owed on the balance sheet will include whatever is outstanding on the Pereira fee.
To my memory he demanded to leave and nobody else came in for him offering those types of wages. West Ham were interested, but the wages were like £45kpw under UK tax law or £100kpw tax free. MP said he'd only go to Saudi Arabia. So that was that. We were forced.
I absolutely do not. However to syphon off £10m from a deal then the UK based officers e.g. Dowling himself and the FD have to facilitate it. They have to cooperate or at the very least turn a blind eye. Now the main parties involved might have very little to fear from UK law or the football authorities but those individuals do.
Like I say if Dowling has proof of anything to the contrary then he needs to go to the authorities. I would add while there are monies outstanding to Lai on the sale that offers a route to recover funds that have been stolen from the club, so sooner rather than latter would be good.
Otherwise it is BS.
Me too. The fact that he'd just had a great season in the Prem and at a time where Buendia and Benrahama (similar records and age) went for far more money. He was worth way more. Either something dodgy has gone on or the people running our club are complete idiots.
The accounts aren't bad as expected and hopefully and from my very limited knowledge of FFP it doesn't matter which year dos's sale goes into, as it would just lower the loss in that year
Regarding the odious Peace loan, if the enquiry finds
he owes the money then instead of lengthy and expensive proceedings trying to get the money back
from the detestable one, it may help our FFP situation if SP just pays the loan to bring money into the club as
the accounts suggest Bilkul is now responsible for it's repayment.
I cannot believe the stuff about MP going for £30m and costing £10m.
Him apparently going for £16m having apparently
costing us £8.9m, makes me feel sick to this day.
I hate undisclosed fees, as it doesn't give the fans a true picture of how prudently or not we are being run,
and anyone naive enough to think it is other clubs don't know how we have to spend after a sale are very naive, as football is very small community and and
imo players and agents talk and if you really want to know something I don't think it would be hard to find out.
The Toney fee was rumoured to be £6m with more to come in add ons. £10m sounds a massive figure for a third tier player and higher than Brentford, as a then championship club would risk.
I would love to believe the MP sale price, but feel LD is probably looking for a new job and is doing the rounds trying to promote his "brilliance" in the transfer market even though it is a well known fact MP was a Slav signing.
If he really went for £30m our accounts in the past would have shown it, and I cannot remember seeing such a figure being mentioned.
It sounds like he wants to attribute the blame for Toney onto Slav, who is foreign based and wouldn't be bothered to react to such conjecture, if he ever sees it, and taking the credit for MP, whilst brushing Grant under the carpet along with many other failed signings.
Fair enough and thanks for coming back to me but my point is that's still an incredible amount of money to offer to someone who most would say is not worth that.
Once these kind of 'Lai' contracts expire we should be better off going forward without too much squad quality impacted
Bartley on 35k Reach 25k Phillips 20k ISH rumoured
That's 80k per week alone, 4m a year. Yeesh
Whilst losses are bad, its no where near as bad as I expected.
Especially when the income from player sales dropped so dramatically and we paid off managers and staff (Allardyce and Ishmael presumably)
Last season is the one which will be scary reading
I believe we are ranked 4th-6th based on various articles. Takeaway the silly amounts offered to Bartley, Reach etc we could be lower.
I think our chairman has more sense than expect perfection from any manager or player come to that.
I think luck has been with us in several games now where the opposition has narrowly failed to score. This was another one. For that reason I don't think we are at all ready to go up with our present squad.
I don't expect that SP is going to do a Notts Forest type splurge on players and neither should he . For Forest that only just worked in their first season back and they are in FFP travails.
It might be better to consolidate with a good Championship season winning a few more fans rather than getting a dire reputation and challenging for the lowest points total in the premiership.
(Stand by for a lot of posts about owner "ambition".)
Yes, that would be good. I honestly feel that Maja should have taken legal action against Ballard, so awful was the challenge.
I'm sure the accountants will correct me if I'm wrong, but I believe the wisdom smart loan was taken from the cash assets of the club (a balance sheet sum).
For the last set of accounts, the auditors had written down the loan, (assuming it wouldn't be repaid) & therefore reduced the asset value of the football club/group.
By paying back the loan, Bilkil have restored the asset value to where it was before the loan was taken out by Lai, so not really a profit.
I believe FFP requirements focus on profit & loss, & mainly a sustainable relationship between wages & income.
Great news puts money back into the club.
What was the value of this one, believe it £5million (ish).
My understanding is we now owe MSD in the region of £25/30m on terms re-negotiated to be repaid over time by Bikul Football.
£5 million ish owed to the club under review to understand where the liability lies (hopefully Peace as he's a UK resident and more likely to pay it back).
Exactly. Do it sooner than the window, if it is allowed.
It has to happen at some point, so much of the football is dire as a result of the imbalance. Medium sized clubs might challenge for a while -Leicester, Villa at the moment (aargh!), Luton scrapping away gamely with nothing really to lose is quite romantic, but for most outside the top 6 it's just attrition, get those 12 wins somehow against each other, or settle for turgid 1-1s in November. Palace, Bournemouth and Brentford are now floating about for no particular reason and they'll start getting the issues we had after our long spell up there. How do we move forward, what is the mythical "next level"? No-one even dares really go for a cup run as it would almost certainly stop at the quarters/semis when you come up against one of the big boys. Then you have a rubbish/unlucky season and get relegated anyway; that's just the certainty of probabality over a longer period.
PL1 of about 16 clubs, over half on some kind of Euro adventures, and a PL2 of 22 or so, let a few non-league clubs in at the bottom to keep 4 EFL leagues.
By all means disagree, I'm just bored at work.
What an unbelievable goal that is tonight, don’t know if we’ve got him on some good form but if he keeps this up he’s one of the best wingers in the championship & needs to be purchased next year. God knows how Celtic fans hammered him but thought Rogic was the saviour.
What does Swift bring to our team? Fancy touches that end up with the opposition, weak passing and hardly a tackle. I really feel he's a waste of space and along with Diangana, I'd be quite happy to get rid of them both.
Reading between the lines, it looks as though Bilkull Football has taken on all of the loans (MSD, Wisdom Smart & the Peace loan)
It looks as though he's going to make good the Wisdom Smart loan, (the Peace Loan is subject to litigation, so not able to be resolved yet).
I suspect he's hoping to repay the MSD loan from media income as a consequence of promotion to the EPL.
There was an article on Birmingham Live a few weeks ago that stated Shilen Patel had a personal wealth of around £100 million & his father, £400 million. If that's true, we haven't got the wealthy owners we thought we had.
We do have the benifit though of an owner who's hands are not tied by government.
As Gazberg said, Lepkowski quoted it.
If it's conditional on being promoted this season, then it makes some sense, but after this season, all of the effort will have come from the new owners, just can't see them agreeing to that.