Otto_Man Posted March 20 Share Posted March 20 (edited) Star appear to have decided to have a look at them... https://www.thestar.co.uk/sport/football/sheffield-united/sheffield-united-accounts-a-huge-loss-ps80m-loans-ps10k-a-day-interest-and-the-dozy-mmobuosi-takeover-money-as-importance-of-premier-league-riches-laid-bare-4562037 "Well run club" Surprised Maguire hasn't had something to say...oh hang on, not us is it... Edited March 20 by Otto_Man Quote Link to comment Share on other sites More sharing options...
mkowl Posted March 21 Share Posted March 21 As we have long suggested they would be totally fucked if they are out the Premier League for more than a season. Can I recommend Jake and the 1867 mob take a peek at what a new owner could bring to the party Loaning money from a Nigerian business "tycoon" that is now under investigation by the SEC that if Utd are culpable in that fraud could have to repay sums 3.8m stripped out the football club in mgt fees Similar amount incurred on interest payments 32m loss in the Championship Quote Link to comment Share on other sites More sharing options...
Otto_Man Posted March 21 Author Share Posted March 21 Yeah, but anyone's better than Chansiri, right? Quote Link to comment Share on other sites More sharing options...
Andyben Posted March 21 Share Posted March 21 £49m total wage/salaries Quote Link to comment Share on other sites More sharing options...
Andyben Posted March 21 Share Posted March 21 £30m debt / equity swap with Bladed Leisure Limited during the year as well ... Ouch Quote Link to comment Share on other sites More sharing options...
Andyben Posted March 21 Share Posted March 21 @mkowl Bank debt due over 1yr decreased by £11m but there's an equivalent or slightly greater decrease in the accruals on the Notes (19). What's this? Quote Link to comment Share on other sites More sharing options...
mkowl Posted March 21 Share Posted March 21 56 minutes ago, Andyben said: @mkowl Bank debt due over 1yr decreased by £11m but there's an equivalent or slightly greater decrease in the accruals on the Notes (19). What's this? Busy doing the day job - will take a look later Accruals does include deferred income as well - but seems a big hike if that Quote Link to comment Share on other sites More sharing options...
Billysboy Posted March 21 Share Posted March 21 So are the figures saying they need to come straight back up next season? Quote Link to comment Share on other sites More sharing options...
nickswfc Posted March 21 Share Posted March 21 Does the FFP three season loss rule reset upon promotion/relegation? Quote Link to comment Share on other sites More sharing options...
mkowl Posted March 21 Share Posted March 21 2 hours ago, Billysboy said: So are the figures saying they need to come straight back up next season? IIRC parachute payments are front loaded somewhat so the longer you are away from the EPL the more tight finances get. So its not imperative but it would make it harder and harder. I think West Brom are a good indicator - they were the proverbial yo yo club but are now very much a Championship Club where you might get into the play offs but no where near the top 2 1 Quote Link to comment Share on other sites More sharing options...
Reesh Posted March 21 Share Posted March 21 8 minutes ago, mkowl said: IIRC parachute payments are front loaded somewhat so the longer you are away from the EPL the more tight finances get. So its not imperative but it would make it harder and harder. I think West Brom are a good indicator - they were the proverbial yo yo club but are now very much a Championship Club where you might get into the play offs but no where near the top 2 Given they are fucked and have forward sold their TV monies they will need to bounce straight back. Quote Link to comment Share on other sites More sharing options...
Reesh Posted March 21 Share Posted March 21 Just me that noticed it said "restated" for the 2022 figures? Quote Link to comment Share on other sites More sharing options...
Chelters Posted March 22 Share Posted March 22 On 21/03/2024 at 18:47, Reesh said: Just me that noticed it said "restated" for the 2022 figures? Just moved some costs in the P&L. Think the allocation of deferred income has changed (or been messed up), hence the big increase in accruals but reduction in other creditors. These accounts show in stark fashion that parachute payments allow poorly run, gambling with money clubs to cover up their financial problems. Quote Link to comment Share on other sites More sharing options...
bradowl Posted March 22 Share Posted March 22 https://news.paddypower.com/football-news/2024/03/22/san-marino-to-play-morale-boosting-friendly-against-sheffield-utd/ 4 Quote Link to comment Share on other sites More sharing options...
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