Originally Posted by HulaHoop
How can one club make a loss of 1.89 million? That is 36 grand a week. That's not a budget of 36 grand that's a trading loss of 36 grand a week
How is it possible to make a trading loss of 1.89 million yet still comply with the 65% SCP?
I am assumimg the league club's financial year is the calender year to coincide with the tax year and therefore football season?
If so ORA,I would have thought the above statement is very relevenat. If wages are there or thereabout within 65% of income, what could they have possibly spent the other 35% on to create this paper loss of 1.89m?
Cash flow statemets are what got others (when they counted on expected prizemoney) out of trouble before but isn't this excersise in retrospect of the last accounting period i.e last season. All accrauls and prepayments, interest paid and receivable, prizemoney, fines etc etc in the books.
I wouldn't be up there with the Nick Leesons of this league, but surely their loss is the difference between income and expenditure. So the figure spent on extra curicular activities should be their loss + 35% of income. Apologies if I misunderstand.
Not true.
A cashflow statement is infinitely more useful in assessing the financial health and stability of a small business.
Small businesses go under by running out of cash, not by a loss on a P&L. Also, P&Ls are susceptible to manipulation and "judgement", e.g. revaluing assets, fiddling with depreciation etc.
Agree 100% obviously but assumed that if wages in a P&L were greater than 65% of the income in the same P&L, permission denied. Obviously way too simple for the geniuses we have running the league and the mavericks running the clubs.A cashflow statement is infinitely more useful in assessing the financial health and stability of a small business.
I suppose you could buy part of your ground for E1.1m and sell another similar part of it to the same people for E1m.
In fairness, while that's correct, Bohs have headroom from the Zurich loan it seems, but the P&L will affect them because that's what the 65% is based on. Cash will see them go boom, but the P&L will see sanctions taken against them 9such as the continuation of the transfer embargo)
A suffusion of yellow.
im pretty relieved reading this thread.
I thought, from what Rovers fans have been saying, that we were Club A, B and C.
Only a Bohs fan could be "relieved" at only losing E1.9m.
I think Drogheda are up there before us and if Derry count aswell, they had a fe debts hanging about the Brandywell! You have to ask though, where did the paper get their info from?
We thought it came from you and your mates - was it not?
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
Could say the same about you lot seen as though it came from YOUR forum!!!
It's from the Daily Mail
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
and was first posted on your forum....!It's from the Daily Mail
well you are a turd, right.....
Sorry, bumped this thread title as could find no other recent suitable on.
Irish Times reporting €1.8 million loss for Shamrock Rovers for the year up to November 2020. Presumably the Scales transfer Bazunu bonuses, euro money have reduced that in 2021?
Yeah but have you seen the state of Dundalk and the size of their budget and hey look over there....
Does it matter though, if Desmond is going to cover it?
Have you ever won the treble?
I suppose he could buy another % of the club
DD isnt the something for nothing type, he'll get his money back or something in lieu. Some of those Scales add-ons might get binned for his first grá.
Is there any suggestion that he will?
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