Gemmill 44864 Posted June 25, 2015 Share Posted June 25, 2015 Again though, limited impact on profit. Debit player contracts Credit cash This is basic stuff people. Link to comment Share on other sites More sharing options...
ewerk 30602 Posted June 25, 2015 Share Posted June 25, 2015 Except you wouldn't credit cash as the cash is still there, you would credit creditors falling due within one year. Basic stuff. Link to comment Share on other sites More sharing options...
David Kelly 1245 Posted June 25, 2015 Share Posted June 25, 2015 Fuck me Gemmill how could you possibly fo what I'm forced to do for a living as a hobby! Link to comment Share on other sites More sharing options...
Gemmill 44864 Posted June 25, 2015 Share Posted June 25, 2015 Except you wouldn't credit cash as the cash is still there, you would credit creditors falling due within one year. Basic stuff. I actually typed out "or creditors" and deleted it as I didn't want to complicate matters. The point is it's all balance sheet. You didn't even know that 8 hours ago. You're coming on a treat though, well done. Link to comment Share on other sites More sharing options...
ewerk 30602 Posted June 25, 2015 Share Posted June 25, 2015 I knew. I just forgot is all... Which didn't take away from my overall point that when you're not worried about impressing shareholders or creditors then it doesn't fucking matter which side of July the deal happens. Link to comment Share on other sites More sharing options...
Gemmill 44864 Posted June 25, 2015 Share Posted June 25, 2015 Fuck me Gemmill how could you possibly fo what I'm forced to do for a living as a hobby! It's just retained knowledge at this stage. I know just about enough to convince my boss that he should pay my annual subscription fees. Link to comment Share on other sites More sharing options...
David Kelly 1245 Posted June 25, 2015 Share Posted June 25, 2015 It's just retained knowledge at this stage. I know just about enough to convince my boss that he should pay my annual subscription fees.I've given up paying the subs. It makes fuck all difference as far as I can see. Link to comment Share on other sites More sharing options...
Gemmill 44864 Posted June 25, 2015 Share Posted June 25, 2015 You're operating without a licence. They'll take your calculator off you. Link to comment Share on other sites More sharing options...
NobbySol 7 Posted June 25, 2015 Share Posted June 25, 2015 Another of our "targets" Mings is close to signing for Bournemouth. Just can't compete with those type of clubs.... Link to comment Share on other sites More sharing options...
JawD 99 Posted June 25, 2015 Share Posted June 25, 2015 If the deal is legally binding, it would need to be recognised, yes. I can provide T Accounts if anyone needs me to step them through the transaction. I no longer work as an accountant btw, this is strictly a hobby for me now. Purely based on stuff I do (which is fuck all like buying/selling players). I can agree a sale today and tell people we have agreed a sale, but I could post that sale in to my July figures. The cost of the sale would depend when the supplier invoiced me. We could agree a july invoice etc. Im not sure for clubs if they agree a legal document for the transfer of the player but I imagine they could say "we agree to sell this player on 1st July" and then its a done deal etc. Either way, like you say, all that happens is we take an asset so has no impact on profitability (until they mess around with that assets value I guess in the way we depreciate assets). As we are said to have "cash in the bank" and that we like to pay in full, that shouldnt be a sticking point either. I cant see any difference when deals do or dont happen basically. Link to comment Share on other sites More sharing options...
David Kelly 1245 Posted June 25, 2015 Share Posted June 25, 2015 Maybe it's just so that they don't have to pay just yet and reduce the bank balance in the acounts at the year end. I can't really see any particular value to this other than to sell the we have x amount in the bank so that people can latch on to that and think we are doing well. Link to comment Share on other sites More sharing options...
Gemmill 44864 Posted June 25, 2015 Share Posted June 25, 2015 Purely based on stuff I do (which is fuck all like buying/selling players). I can agree a sale today and tell people we have agreed a sale, but I could post that sale in to my July figures. The cost of the sale would depend when the supplier invoiced me. We could agree a july invoice etc. Im not sure for clubs if they agree a legal document for the transfer of the player but I imagine they could say "we agree to sell this player on 1st July" and then its a done deal etc. Either way, like you say, all that happens is we take an asset so has no impact on profitability (until they mess around with that assets value I guess in the way we depreciate assets). As we are said to have "cash in the bank" and that we like to pay in full, that shouldnt be a sticking point either. I cant see any difference when deals do or dont happen basically. That sounds more like a purchase order though, which at that stage isn't a legal exchange of goods or services. I think I get what you mean though in that both clubs could reach a mutual arrangement that the legal transfer is due to take place on 1st July, but I think that only happens with free agents where their contract runs out at 11:59pm on one day and you have a pre contract in place so they become your player at midnight. Link to comment Share on other sites More sharing options...
Park Life 71 Posted June 25, 2015 Share Posted June 25, 2015 Probably just saving on wages. If you buy 3 good players in June then that's half a million in wages for that month. Link to comment Share on other sites More sharing options...
Howmanheyman 33180 Posted June 25, 2015 Share Posted June 25, 2015 Probably just saving on wages. If you buy 3 good players in June then that's half a million in wages for that month. Is probably the right answer. Margins and all that. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted June 25, 2015 Share Posted June 25, 2015 Probably just saving on wages. If you buy 3 good players in June then that's half a million in wages for that month. Yeah this will be about Penfold saving beans Link to comment Share on other sites More sharing options...
Rayvin 5220 Posted June 25, 2015 Share Posted June 25, 2015 I think you're giving him too much credit. What you've suggested indicates that there's some kind of 'plan' in place, that we're working to. We don't have a fucking clue what we're doing, man. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted June 25, 2015 Share Posted June 25, 2015 I just got an image of Penfold locked in his office, head in hands muttering "What am I gonna do? What am I gonna do?" Link to comment Share on other sites More sharing options...
Kitman 2204 Posted June 25, 2015 Share Posted June 25, 2015 Although I like to think he stands in front of the washroom mirror going "You're a tiger, Lee, time to hunt the big game!" before putting in a cheeky 7 mill offer for Austin Link to comment Share on other sites More sharing options...
Rayvin 5220 Posted June 25, 2015 Share Posted June 25, 2015 Link to comment Share on other sites More sharing options...
trooper 940 Posted June 25, 2015 Share Posted June 25, 2015 Even Bournemouth are giving it a go in the transfer market they've reportedly signed 6 players already including Mings from Ipswich for £8 million. Admittedly some of them are on a free but at least they're getting them over the line something Penfold and co seem to be having a problem doing. Link to comment Share on other sites More sharing options...
RobinRobin 11263 Posted June 26, 2015 Share Posted June 26, 2015 Probably just saving on wages. If you buy 3 good players in June then that's half a million in wages for that month. This. Link to comment Share on other sites More sharing options...
BLACKANDWHITEGEORDIE 0 Posted June 26, 2015 Share Posted June 26, 2015 Even Bournemouth are giving it a go in the transfer market they've reportedly signed 6 players already including Mings from Ipswich for £8 million. Admittedly some of them are on a free but at least they're getting them over the line something Penfold and co seem to be having a problem doing. Would you want Mings to replace Hiadara? Link to comment Share on other sites More sharing options...
toonotl 2978 Posted June 26, 2015 Share Posted June 26, 2015 Prefer the Manchu myself. Link to comment Share on other sites More sharing options...
The Fish 10857 Posted June 26, 2015 Share Posted June 26, 2015 http://www.express.co.uk/sport/football/587048/Newcastle-Liverpool-Arsenal-Spurs-Monaco-Aymen-Abdennour-Transfer-News-Gossip Link to comment Share on other sites More sharing options...
David Kelly 1245 Posted June 26, 2015 Share Posted June 26, 2015 http://www.express.co.uk/sport/football/587048/Newcastle-Liverpool-Arsenal-Spurs-Monaco-Aymen-Abdennour-Transfer-News-GossipCost them £11.5m last summer and since then hes impressed for Monaco in the champions league. So obviously we expect £12m to do the job. Sounds about right! Link to comment Share on other sites More sharing options...
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