Winco

5 minutes ago, Reesh said:

Should have lobbed the Full fucking table at the *****.

Exactly, nowt like a bit of ruck and some bollox at football. 

Is there only me that absolutely thinks it was bang on to lob pool balls at Leeds fans?

there just as bad

8 hours ago, mkowl said:

Very honourable, but if you organise a whip round who do you trust to keep the float 🤐

Bellamys missus 😂 for those that know it’s safe as houses.

“You can’t buy owt, wi nowt”

fucking living near Barnsley is getting to me😀

The fund is up to about 5 bags now, I’ve got the details if anyone fancies lobbing a couple of quid towards his funeral. There’s a decent size wattsapp group set up, mainly hooligans and criminals in it but nice chaps.😀

Triple sub for us 

2-0 QPR

8 hours ago, KrolMong said:

I can’t stand him. I really can’t.

He’s a pseudo smart person in that he’s intelligent but lacks the even basic levels of common sense that most of the human race have, it’s why he gets in so much trouble both on and off the pitch.

The whole comment about Ward and Eluko, it’s just wrong. I’ve no issue in him airing grievances, and in some cases I would agree with him. But, what he said, and then doubled down is ridiculous - and again points at the pseudo intelligence element.

Id say he’s probably guaranteed he’s not getting a job in English football. So the sooner he buggers off to the Middle East the better.

Have we met? Describes me too a tee.

12 minutes ago, Andyben said:

Can't see us losing till Southampton away in mud Jan.

Booked hotel for play off final 

Fuck the haters.

Of thr bottom of the table !!!

I’ve just done a sex wee

12 hours ago, mkowl said:

Far too interesting an anecdote for it to be me

21 hours ago, Andyben said:

Has MK hacked Skamp's account 

Na be 45 paragraphs long and dry Virgina at the end.

Wasn’t the picture in group chat that some snowflake found and grassed?

I didn’t think that the picture was actually at the Sunderland game?

5 hours ago, Reesh said:

Tell you what Yank ****. Live my childhood and tell me different.  Fucking knobhead 

Wank being the fat kid in school init pal.

18 hours ago, mkowl said:

Just printing off the 41 page report 

And yes @Winco there is still an arid spell 

😂

6 minutes ago, mkowl said:

Certainly compared to Mrs Winco

Wetter than a spastics chin ah lass pal.

4 minutes ago, Andyben said:

Apart from 2pm-6pm every Saturday....

Double booked pal 

1 hour ago, mkowl said:

Snap 

Lets go to basics

1) Chansiri over the years has pumped in circa 80m into the football club as loans. Actual commitment on top probably includes 40m to acquire the shares from Mandaric (that is not public record).

Over and above this there are significant sums per year he puts into the football club by way of sponsorship and marketing payments.

Thus the largest creditor in the football club accounts ie who is owed money is Chansiri himself.

2) the last accounts to 31st July 22  however also include about 8m in taxes (probably VAT legitimately deferred during covid).

3) There is also a loan of 6m plus accrued interest. It is a moot point what this relates to. Chansiri has stated on the record this is an old sum inherited as a liability relating back to Mandaric's time. It has only been the last couple of years it has been disclosed specifically in the accounts.

4) it would appear this is the loan that is secured against the stadium. It does get confusing because it is shown on the Companies House record of Sheffield 3 Ltd (the company to which the stadium was transferred) even the money itself is a loan to the football club

5) There is nothing unusual in that regard. People who loan money  quite like to have security / charges over assets to protect their funds

6) the partial confusion is that each year the loan gets renewed for another year and a new updated charge is registered. The old ones could in theory be satisfied because there is a new one. This has not arisen. Again not unusual that this does not happen. I can promise in real life I have had client companies with outstanding charges for long settled loans. It doesn't surprise me in this case the lender insists on them remaining.

7) now there is a theoretical possibility it is new loans everytime. And thus the indebtedness is 24m not 6m. There is nothing on the public record that proves or disproves what the actual sum is. I err on it being only 6m and this is a renewed loan each year, but there is a lack of evidence for me to 100% conclude

8 as we know the stadium sale was an attempt to circumvent FFP. You create a profit in the football club by valuing this at 60m. Hence SWFC sold this to Sheffield 3 for this sum but by way of an accounting entry

Dr Intercompany loan 

Cr Sale of stadium

It states this is repaid in 8 annual instalments of 7.5m

At the same time Sheff 3 Limited rents the stadium for (stand to be corrected) 2.5m per annum for 30 years to the football club

9  it is this lease that creates / justifies the value of 60m for the stadium sale. Its never what the plot is worth as houses

10 that lease could be changed, amended, varied at  any time. Chansiri is a party to both sides so can unilaterally cancel the lease if he so chose. It would not budge the stadium sale price

11 when it comes to cash, then if I owe you 7.5m and you owe me 2.5m each year, then actually you owe a net 5m. However the accounting alchemy is that real money does not have to change hands here. I can pretend to pay this and simply post journal entries to create the pretence. 

12) but accounting needs to balance up, so to complete this I pretend that Chansiri is the notional bank manager. By doing this his loan in the football club is effectively reduced, but his loan in Sheffield 3 is increased

13 Basically over time his loan, or part thereof, is moved from one company to the other. The amount isn't changing at this level

14 However his loan overall is still increasing because he is funding the club no different to before

15 Hence none of this stadium stuff matters UNLESS Chansiri only sells the football side and keep the stadium. But the lease could be re-negotiated if that arose

 

Fuck me I bet Mrs Mk is dry as the Sahara.

😂

First time I’ve watched it looks a bit dodge to me I thought he’d been shoved or tripped but that looks like he’s deliberately put his leg up to fuck him up.

I can see why the old bill are sniffing around.

I’m up town already 🥷

Arnt you a barrel of laughs  this morning.

26 minutes ago, mkowl said:

Big question is the currently less spotted Winco fit for selection 🤔

Been told that most of millwalls firm are out in London to “defend” the war memorials and to give the pro Palestinians/ left wing weirdos a good kicking, so probably won’t be coming.

I’m planning to be going tomo🥷rrow 

On 30/10/2023 at 22:37, Otto_Man said:

Exactly the same at my firm Chelters.

What about at your firm Winco?

 

Usually says 3 for 100 dropz anytime.

4 hours ago, Reesh said:

There'd be a minutes applause if it was that noncey **** Adam Johnson

Sign him up

Still think we will get it together, not this game obviously but the signs are there that there is actually a game plan.

As long as we don’t let this get to 4/5 nil I can accept defeat in the hope this is in transition.