So Alan Nixon is reporting that...

Discussion in 'Bulletin Board' started by Redstar, Jan 10, 2017.

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  1. Redstar

    Redstar Well-Known Member

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    Correct. I hope this is realised where it matters...
     
    Redstar, Jan 10, 2017
    #21
  2. Marc

    Marc Administrator Staff Member Admin

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    for the first time in a long time, i feel really calm about our transfer policy. we don't need to sell. cryne and hecky have said that times over. i don't think anyone will be going anywhere unless proper bids come in. i'd say £4m+ for bree £5m+ for roberts and £6m+ for conor

    now i know roberts and conor are the spine of the team, but if those bids came in, it's £15m on top of about £12m from stones and alfie. Best part of £30m in one season. That's big money for us. For me, that guarantees us Championship football with hecky at the helm. We can also repay Patrick

    failing that, i'd be over the moon if they all stayed for the rest of the season.
     
    Marc, Jan 10, 2017
    #22
  3. Redstar

    Redstar Well-Known Member

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    It does if we spend any of it!
     
    Redstar, Jan 10, 2017
    #23
  4. Marc

    Marc Administrator Staff Member Admin

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    no point $punking it away on premier league loans and the like though mate. if we didn't spend another penny this season, kept our current squad and the £ in the bank, i'd be well happy. we'll definitely replace anyone we sell. hecky has said that.
     
    Marc, Jan 10, 2017
    #24
  5. Sco

    Scoff Well-Known Member

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    Clubs don't exist in a vacuum and their only outgoing is not transfer fees. The money could have been sat in the bank earning interest, paying for various running costs, or just repaying the owners investment and previous losses.
     
    Scoff, Jan 10, 2017
    #25
  6. Loa

    Load Bearing Pillar Well-Known Member

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    Yes I realise that. It was a sarcastic take on GRBB's post.
     
    Load Bearing Pillar, Jan 10, 2017
    #26
  7. Gordon Owen

    Gordon Owen Well-Known Member

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    If he goes we'll be the best footballing academy in Yorkshire based on sales over the recent years. We were moaning it was ***** five years ago.
     
    Gordon Owen, Jan 10, 2017
    #27
  8. e-red

    e-red Well-Known Member

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    Sorry to ask, I'm sure everyone else knows, but who's Alan Nixon and how reliable is he?
     
    e-red, Jan 10, 2017
    #28
  9. e-red

    e-red Well-Known Member

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    Don't you have to pay tax on profits? If we don't spend it won't we lose it?
     
    e-red, Jan 10, 2017
    #29
  10. occ

    occook Banned Idiot

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    Sounds like my wife's version of accounting!

    Profit and loss can be spread across financial years, also we have asset depreciation that can be offset.

    There is likely to be some tax due, but we won't "lose" vast sums.

    With regards transfers would love us to use our recent money to reward current players. Imagine the boost before Saturday if Sam Winnall signed a new contract. Would be amazing!
     
    occook, Jan 10, 2017
    #30
  11. Sta

    Stahlrost Well-Known Member

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    Every company has to pay tax on profits (except Amazon, Starbucks, Google etc who get let off). The profit is calculated (in simple terms) from the difference between the amount received and the amount paid out.

    Therefore (again, in very simple terms) if we receive £1000 and spend £500, we make a profit of £500 and will pay tax of 20% of that which is £100. You don't pay tax on income, only on profit.

    I'm not sure how transfer fees are treated for tax purposes (revenue or capital?) but perhaps our resident accountant [MENTION=6604]BFC Dave[/MENTION] can help?
     
    Stahlrost, Jan 10, 2017
    #31
  12. Mr C

    Mr C Well-Known Member

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    The mention of accounts and tax, just sent a shudder down my spine...

    Can't we just talk about football?:(
     
    Mr C, Jan 10, 2017
    #32
  13. Redstar

    Redstar Well-Known Member

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    So would I but we cannot do one without the others...
     
    Redstar, Jan 10, 2017
    #33
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