' Debt to Equity by Keith Morgan '

If it doesnt benefit him now to turn debt to equity when will it ever be the right time?

People said when we were in the championship "he'll do it when we're in the PL"

Then it was "He'll do it when langstons paid off"

Then it was "After Xmas when we're a few points above relagation"

Now it's "After the Malky bollocks"

Football is unpredictable game and it will never be the right time for him to convert the debt.

My personnal opinion is that the longer he is in charge, not only are we not going to get a return to blue but the debt will keep on increasing untill he decides to cut his losses and run and we end up like another pompey if not worse.

People need to wake up and realise this man does not care about the club in the same way our fans do, he does'nt care what the fans want or care about our opinions. All he cares about is trying to make money out of us which in my opinion will never happen. Look at all the other club in the PL, bar one or two none of them turnover a profit

I don't want to shit on your parade, but we are on course to make a £12 million pound profit this year

That's just brilliant fair play!

According to the general census on this MB most are against Tan (I personally feel this is not so), so why would he turn debt to equity if this is the case?
A club where the owner and fans are all singing from the same hymn sheet would mean a debt to equity plan would be completed much quicker and more smoothly than a club where there's a mini war going on and with certain members with an agenda to remove the owner.
I feel to some on here removing Tan is just as much a priority as returning to blue.

good shout,and i believe the trust and supporters club have been strong armed into this protest by the tan out brigade.

Err, the trust carried out a poll showing the vast majority of its members want a return to blue - exactly what the march is about.

I don't want to shit on your parade, but we are on course to make a £12 million pound profit this year

Jesus Christ your income this year will be around £90m.

Our wages were £50m last year. Yours will be similar this year. You spent £40m - £50m on players too - thats the income gone before we even get started.

What about the training ground and the ground expansion, canton fairies?

I don't want to shit on your parade, but we are on course to make a £12 million pound profit this year

Jesus Christ your income this year will be around £90m.

Our wages were £50m last year. Yours will be similar this year. You spent £40m - £50m on players too - thats the income gone before we even get started.

What about the training ground and the ground expansion, canton fairies?

It's in the soon to be released accounts Einstein, as commented on by the Chairman last week I know that you like to think that you know everything that goes on at our club, but you clearly don't

12 million profit...

I don't want to shit on your parade, but we are on course to make a £12 million pound profit this year

Jesus Christ your income this year will be around £90m.

Our wages were £50m last year. Yours will be similar this year. You spent £40m - £50m on players too - thats the income gone before we even get started.

What about the training ground and the ground expansion, canton fairies?

You really are a Muppet ,the chairman has said the projected profit is 12 million. Down from the 25 million widely quoted ,once again roathy you are comparing us to your club ,we are a bigger club than you with more income streams ,our sponsorship ,attendances and corporate hospitality is much larger than yours and with the new tv deal you can't compare us to you or any other club last season or previous seasons

I don't want to shit on your parade, but we are on course to make a £12 million pound profit this year

Jesus Christ your income this year will be around £90m.

Our wages were £50m last year. Yours will be similar this year. You spent £40m - £50m on players too - thats the income gone before we even get started.

What about the training ground and the ground expansion, canton fairies?

Fair play.

For a guy who likes to act the know all you haven't got a f*cking clue how a profit is calculated.

Training ground, transfer fees and ground expansion are capital elements which will not show up in the P and L at all. the only effect they will have is amortisation of a % of the contracts (usually straight line against the length of the contract)- or in Cormelius's case the whole loss written off , and depreciation on the infrastructure investments which will be minimal).

You should stick to your meaningless statistics.

this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

You really are a Muppet ,the chairman has said the projected profit is 12 million. Down from the 25 million widely quoted ,once again roathy you are comparing us to your club ,we are a bigger club than you with more income streams ,our sponsorship ,attendances and corporate hospitality is much larger than yours and with the new tv deal you can't compare us to you or any other club last season or previous seasons

Im not comparing income at all, where have I compared income? (Ours will still be higher however) but I haven't compared none the less.

Your income will be around £90 million. I will happily wager anything you wish on that (if you give me a £5m leeway)

You really are a Muppet ,the chairman has said the projected profit is 12 million. Down from the 25 million widely quoted ,once again roathy you are comparing us to your club ,we are a bigger club than you with more income streams ,our sponsorship ,attendances and corporate hospitality is much larger than yours and with the new tv deal you can't compare us to you or any other club last season or previous seasons

Im not comparing income at all, where have I compared income? (Ours will still be higher however) but I haven't compared none the less.

Your income will be around £90 million. I will happily wager anything you wish on that (if you give me a £5m leeway)

Roath. Having read "captive state" and all. Why do you think Tan is not turning the depth now?

:laughing6: this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

Face facts. You haven't got a clue how to calculate a profit. Youdisputed his figures with items which won't affect the P and L.

There are courses available. You start at AAT, that will take you about 3 years, then 3 more to get to ACMA then you will have a start and be able to understand the accounts. 20 years of running businesses and then you might be able to understand what goes into it. In the meantime feel free to continue to make a dick of yourself.

:laughing6: this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

Face facts. You haven't got a clue how to calculate a profit. Youdisputed his figures with items which won't affect the P and L.

There are courses available. You start at AAT, that will take you about 3 years, then 3 more to get to ACMA then you will have a start and be able to understand the accounts. 20 years of running businesses and then you might be able to understand what goes into it. In the meantime feel free to continue to make a dick of yourself.

you are talking nonsense... Or indeed not listening to a word I'm saying.

If Tan spends £150m in a financial year, of which income is £90m.... Just because you don't have to write some stuff into a p&l column to declare "profit or loss" - the company has to bear £60m of debt it cannot service from the income in the year in which it is spent.

You are talking paper profits and not ACTUAL profits. As you are not owner and indeed a fan surely paper profits are not your concern at all?

Have a think about it.

:laughing6: this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

Face facts. You haven't got a clue how to calculate a profit. Youdisputed his figures with items which won't affect the P and L.

There are courses available. You start at AAT, that will take you about 3 years, then 3 more to get to ACMA then you will have a start and be able to understand the accounts. 20 years of running businesses and then you might be able to understand what goes into it. In the meantime feel free to continue to make a dick of yourself.

you are talking nonsense... Or indeed not listening to a word I'm saying.

If Tan spends £150m in a financial year, of which income is £90m.... Just because you don't have to write some stuff into a p&l column to declare "profit or loss" - the company has to bear £60m of debt it cannot service from the income in the year in which it is spent.

You are talking paper profits and not ACTUAL profits. As you are not owner and indeed a fan surely paper profits are not your concern at all?

Have a think about it.

Yeah of course. When I post my profits this year, I'll tell the bank, the creditors, the finance comoanies, the rest of the board and shareholders... don't worry about these - they aren't the real profits, as they are only on paper. We have to include all sorts of other expenditure which the accounting conventions would normally put in the balance sheet and spread over their useful life - and all because some bell-end on here thinks he knows better.

You've got all day to churn out your usual shit on here, but I have said I won't get into debate with you because you are an arsehole who knows a lot less than he makes out and are just on here for a wind up, luckily anyone else who reads this thread already knows that. So having caught you out again with the facts I'll be moving on to something else for the next 1/2 hour before I get ready for the game.

:laughing6: this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

Face facts. You haven't got a clue how to calculate a profit. Youdisputed his figures with items which won't affect the P and L.

There are courses available. You start at AAT, that will take you about 3 years, then 3 more to get to ACMA then you will have a start and be able to understand the accounts. 20 years of running businesses and then you might be able to understand what goes into it. In the meantime feel free to continue to make a dick of yourself.

you are talking nonsense... Or indeed not listening to a word I'm saying.

If Tan spends £150m in a financial year, of which income is £90m.... Just because you don't have to write some stuff into a p&l column to declare "profit or loss" - the company has to bear £60m of debt it cannot service from the income in the year in which it is spent.

You are talking paper profits and not ACTUAL profits. As you are not owner and indeed a fan surely paper profits are not your concern at all?

Have a think about it.

Yeah of course. When I post my profits this year, I'll tell the bank, the creditors, the finance comoanies, the rest of the board and shareholders... don't worry about these - they aren't the real profits, as they are only on paper. We have to include all sorts of other expenditure which the accounting conventions would normally put in the balance sheet and spread over their useful life - and all because some bell-end on here thinks he knows better.

You've got all day to churn out your usual shit on here, but I have said I won't get into debate with you because you are an arsehole who knows a lot less than he makes out and are just on here for a wind up, luckily anyone else who reads this thread already knows that. So having caught you out again with the facts I'll be moving on to something else for the next 1/2 hour before I get ready for the game.

as goats will tell you, my company turns over $1.3m AUD annually (and I have two ). If I conducted my business the way you are suggesting it should be done I would have gone bust a long time ago.

You are basically saying Tan, acting on behalf of the club, can buy a thousand training grounds at £10m a pop, expand to a 200k seater stadium and buy £150m worth of players and still post a profit because he doesnt have to write it in the p&l sheet

The club has to bear ALL costs and not just those that can be written on a balance sheet.

You are a fan, hence you should be coming at it from the viewpoint of the fan not the ego of an owner showing his false paper profits. Wake up.

:laughing6: this is exactly what I was trying to tell "wez wally" the other week.

Saying "we have made a £12m profit" at the end of the financial year is all well and good if there are no further costs to bear from the business year in which you post the £12m profit.... But there is, and stacks of it. It isnt a REAL £12m profit, the powers that be (Tan) has just decided to bear the loss next year rather than this year and amortise figures. That doesnt mean you have made a profit though, it means you can WRITE a profit.

If i went and bought a race horse for 150k with my 50k income because the bloke said I can pay 40k this year and 110k next year.... Theoretically I can say I ended the year in a profit, however in reality my 10k profit is earmarked to go elsewhere and so is another 100k - in reality, im 110k in debt.

Now if you are an owner you may rejoice in your profit, if you are a fan then you are an idiot to do anything of the sort.

Face facts. You haven't got a clue how to calculate a profit. Youdisputed his figures with items which won't affect the P and L.

There are courses available. You start at AAT, that will take you about 3 years, then 3 more to get to ACMA then you will have a start and be able to understand the accounts. 20 years of running businesses and then you might be able to understand what goes into it. In the meantime feel free to continue to make a dick of yourself.

you are talking nonsense... Or indeed not listening to a word I'm saying.

If Tan spends £150m in a financial year, of which income is £90m.... Just because you don't have to write some stuff into a p&l column to declare "profit or loss" - the company has to bear £60m of debt it cannot service from the income in the year in which it is spent.

You are talking paper profits and not ACTUAL profits. As you are not owner and indeed a fan surely paper profits are not your concern at all?

Have a think about it.

Yeah of course. When I post my profits this year, I'll tell the bank, the creditors, the finance comoanies, the rest of the board and shareholders... don't worry about these - they aren't the real profits, as they are only on paper. We have to include all sorts of other expenditure which the accounting conventions would normally put in the balance sheet and spread over their useful life - and all because some bell-end on here thinks he knows better.

You've got all day to churn out your usual shit on here, but I have said I won't get into debate with you because you are an arsehole who knows a lot less than he makes out and are just on here for a wind up, luckily anyone else who reads this thread already knows that. So having caught you out again with the facts I'll be moving on to something else for the next 1/2 hour before I get ready for the game.

Roathy is a clown mate he gets found out all the time ,on another thread he told me our turn over would be 80 m now he's saying 90 m ,he think he knows our accounts more than our clubs chairman, owner and accountants

I take that as an apology and a bet declining response then