Got something to say or just want fewer pesky ads? Join us... 😊

Search results

  1. El Presidente

    Palace make £7m loss in 2016

    They have cash at the bank rather than an overdraft.
  2. El Presidente

    Palace make £7m loss in 2016

    Results out this morning. They lost half a mill last season, equivalent to how much our Tony subsidised the Albion during 2015/16.
  3. El Presidente

    Palace make £7m loss in 2016

    Yup I know. Suspect Fat Sam was getting his excuses in shoul he have failed to make any signings though, and blame it on FFP instead.
  4. El Presidente

    Palace make £7m loss in 2016

    Leicester's income of £31m in 2013/14 compares well to the £19m they generated (whilst also in the Championship) in 2012/13. The increase was due to the club signing an agreement with a company called Trestellar, who managed to triple commercial income from £5m to £15m with some sponsorship...
  5. El Presidente

    Palace make £7m loss in 2016

    Grow up.
  6. El Presidente

    Palace make £7m loss in 2016

    Allardyce himself mentioned the wage ceiling in January as being an issue preventing him recruiting.
  7. El Presidente

    Palace make £7m loss in 2016

    A lot of the figures are very erratic because of the way that player sale profits are booked. Collectively that generated £244 million of profit for PL clubs. I'm just trying to point out that those who think that TB will get a return on his investment IF we are promoted are wrong, although at...
  8. El Presidente

    Palace make £7m loss in 2016

    £8 million cash in the bank. Best to file under #EesComplicated
  9. El Presidente

    Palace make £7m loss in 2016

    I have no issue with what Palace pay their executives. Paul Barber is a professional football administrator though.
  10. El Presidente

    Palace make £7m loss in 2016

    The Premier League being paved with profits is a myth. Research by a football finance DULLARD at some university or other has revealed that 15 Premier League clubs have to date reported their results for last season. Together those clubs generated revenue of just over £3 billion, paid out of...
  11. El Presidente

    Palace make £7m loss in 2016

    They owed over £11 million to other clubs for transfer fees last summer.
  12. El Presidente

    Palace make £7m loss in 2016

    They seem to run a reasonably tight ship and broke even in the last year for which I can find records. There's no one to lend them money at present, as they are a community club, so cannot spend beyond their means any more...unless the ex head of Disney, Michael Eisner, decides to pursue his...
  13. El Presidente

    Palace make £7m loss in 2016

    It's proceeds less book value of the registration. Example: Sign a player for £20m on a four year contract, and sell him at end of year two for £14 million. Gain in accounts is £14m less (20 x 2/4) = £4 million profit, even though it seems to be a loss of £6 million to fans.
  14. El Presidente

    Palace make £7m loss in 2016

    It's true, he did drink pints of whisky, Mark McGhee, Mark McGhee.
  15. El Presidente

    Palace make £7m loss in 2016

    You are effectively getting a tax break which can be carried forward against future profits. In the 2016/17 accounts you will also have the benefit of about £2.5m from a Mr T Pulis, and, setting aside rivalries, I'm delighted that you won that case. I do have a very interesting tale about the...
  16. El Presidente

    Palace make £7m loss in 2016

    Correct, but for that you get...
  17. El Presidente

    Palace make £7m loss in 2016

    As any expert knows, it is common practice to discuss pre-tax profits and losses, which is where the difference of £1.4 million arises. The vagaries of the tax system create inconsistencies in the reported figures.
  18. El Presidente

    Palace make £7m loss in 2016

    Amortisation (£18m) and impairment (£2m) of player registrations. If they sign a player for (say) £10m on a four year contract then each year 1/4 of the transfer fee is charged as an expense to the profit and loss account.
  19. El Presidente

    Palace make £7m loss in 2016

    I wouldn't like to guess. There are some unusual transactions with companies controlled by the directors though. One is called Smoke and Mirrors Ltd (controlled by Parish) which rents some property to Palace for £78,000, and the other sold wine for £58,000 (presumably for hospitality etc) and...
  20. El Presidente

    Palace make £7m loss in 2016

    Pompey or Stains? The latter posted their accounts today too, as well as the small club in South London.
Albion and Premier League latest from Sky Sports


Top
Link Here