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According to Look North.....


Tom_NUFC
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We've still paid £16m regardless.

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Yes, of course we have, but as that money hasn't been recieved, it does make it easier though.

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How?

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From a cash flow point of view it does make things a bit easier.

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That's exactly it.

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I'm surprised to hear someone seriously saying that cash flow concerns, at least as they're being suggested here, would play a major part in a 16m deal, I thought Gem was taking the Michael.

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If Real still owe us money on the Woodgate deal, then we didn't need to have 16m in cash on hand to fund this one. Paying the net would therefore make things easier from a cashflow point of view.

 

Does none of the stuff AF is wittering on about though. :rolleyes:

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If Real still owe us money on the Woodgate deal, then we didn't need to have 16m in cash on hand to fund this one.  Paying the net would therefore make things easier from a cashflow point of view.

 

Does none of the stuff AF is wittering on about though. :rolleyes:

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But in a situation like that if you need to free up the cash you take out a loan, paid back with the payments from your debtors. Of course you've got a slight problem if they default.

 

All I'm saying is the real business consideration is the interest on the loan you have to take out to free up the cash.

 

AF would undoubtedly poke holes in that strategy but us mere mortals will just have to battle on without him.

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There isi no sign in the Interim Accounts for 2005 that the debt owed to us suddenly shot up - which it would have done if theWoodgate money hadn't been paid - I reckon Fred has had his hands on it all year

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Though, I've heard the Newcastle balance sheets aren't exactly very trustworthy. The PLC is also a bit lenient when it comes to stock market anouncements...

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Careful there my Jorman friend - I'm sure you MEANT to say

 

"the accounts of NUFC have been prepared strictly in accordance with FSA and national accounting standards by an eminent firm of accountants"

 

didn't you?

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I'm off.

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See you tomorrow then? :rolleyes:

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not AGAIN?

 

 

GROAN..............................................

 

 

maybe we could sticky his flounces????

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You include assets on the balance sheet do you?

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No.

 

So Owen "cost" £16m.

 

What do you think happens to the £8m for Jenas?

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Players are depreciated like other assets - its in the accounts FFS

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You include assets on the balance sheet do you?

24850[/snapback]

 

No.

 

So Owen "cost" £16m.

 

What do you think happens to the £8m for Jenas?

24855[/snapback]

 

 

Players are depreciated like other assets - its in the accounts FFS

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You'll have to start a little bit further back than that Rob, AF doesn't think assets should be taken into account at all from the sounds of things.

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