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View Full Version : Who made all the losses?


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sbgawa
25/09/2021, 10:30 AM
I would expect us to show a profit over the 2020 and 2021 combined (excluding the intercompany stuff which has no effect)
2019 was a 600k profit as well so its not exactly a crises, glad it looks like we will have Champions league money again as that almost guarantees a profit for the year as long as Bradser doesnt go wild bill on us
Nesta99
25/09/2021, 3:52 PM
as long as Bradser doesnt go wild bill on us

Now that Byrne is a free agent ye never know...
Martinho II
25/09/2021, 5:38 PM
Now that Byrne is a free agent ye never know...

But cos transfer window is over JB cant play till January!
Nesta99
25/09/2021, 7:26 PM
With Derry looking like nailed on inners in 2022, Rovers need to take every possible opportunity to recruit now - only half joking too.
Paulgufc
25/09/2021, 8:50 PM
Its like moving a tenner from your left pocket into your right. embarressing


It’s not really though. It’s more like you started with a tenner in each pocket. You spent the one in your right. Then a year or 2 later you moved the one from your left to your right.

I assume the reason it was written off is that’s it’s long since spent and there’s no hope of recovering it. Appreciate it was probably spent in previous financial years but still.

I don’t see any issue with the headline.
sbgawa
25/09/2021, 9:47 PM
100% wrong. It was written off in one company creating a loss in that company and a profit in the other. Both Companies owned by same shareholders so literally no effect. That is just a fact not an opinion. The guys in the irish times are smart enough to know that and are writing a headline for people that aren't smart enough to understand.
Nesta99
26/09/2021, 2:11 PM
Isnt it also a way to reduce tax liabilities, protect shareholders from losses and ensure that businesses can keep trading even if a sister business has to close. Not that that is whats happening at the development stage of SRFC academy. It is why people in this country think the worst when seeing such headlines or setup of business.
Paulgufc
26/09/2021, 8:49 PM
100% wrong. It was written off in one company creating a loss in that company and a profit in the other. Both Companies owned by same shareholders so literally no effect. That is just a fact not an opinion. The guys in the irish times are smart enough to know that and are writing a headline for people that aren't smart enough to understand.

Profit in one and loss in the other. 100% agree. Literally no effect? Not sure. By your logic headline results were also wrong for each of the last few years as they did not report the consolidated position for the group including losses (or capital investment) incurred by the academy.

Anyway, this is one of the most ridiculous debates on football forum ever. Let’s agree to disagree!