Sheff Weds Latest Accounts. Wow!!!!

Discussion in 'Bulletin Board' started by YorkyTyke, Mar 9, 2021.

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  1. Terry Nutkins

    Terry Nutkins Well-Known Member

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    They haven't got anyone to sell apart from Bannan. I think most of their team are out of contract next season.
     
    Terry Nutkins, Mar 9, 2021
    #21
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  2. Hooky feller

    Hooky feller Well-Known Member

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    They are in the mire, even more then, at a guess. I’m not into accounts reading.
     
    Hooky feller, Mar 9, 2021
    #22
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  3. John Peachy

    John Peachy Well-Known Member

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    Yes, that is why "intangible assets" are so low... ours must be way above theirs, if stated in the accounts at market value, which they won't be.
     
    John Peachy, Mar 9, 2021
    #23
  4. Jack Tatty

    Jack Tatty Well-Known Member

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    Sheffield Wednesday Chansiri logic.


    "If we dont count our losses we will be in profit"
     
    Jack Tatty, Mar 9, 2021
    #24
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  5. bfc

    bfc1001 Well-Known Member

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    So they got 38 million for their stadium with 90 million to pay back in an economy with little inflation . Just wow .
     
    bfc1001, Mar 9, 2021
    #25
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  6. dreamboy3000

    dreamboy3000 Well-Known Member

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    Knocked six million off the wage bill and still way higher than ours.
     
    dreamboy3000, Mar 9, 2021
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  7. Austiniho

    Austiniho Well-Known Member

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    Yeah, but look at the quality they have! Also I think they’ve about 14 players out of contract at the end of the year...
     
    Austiniho, Mar 9, 2021
    #27
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  8. Dan

    DannyWilsonLovechild Well-Known Member

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    They've huge problems. Massive problems.

    Curious as a sole director in a company making profit only through the act of fiction and hugely indebted, Chansiri still managed to pay himself £130k while the staff headcount reduced.
     
    DannyWilsonLovechild, Mar 9, 2021
    #28
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  9. kestyke

    kestyke Well-Known Member

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    Will Chansiri now sell his own players to himself and make a fortune? I don't understand any of it to be honest.
     
    kestyke, Mar 9, 2021
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  10. Gordon Owen

    Gordon Owen Well-Known Member

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    Brilliant news.

    Wednesday ********.
     
    Gordon Owen, Mar 9, 2021
    #30
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  11. bfc

    bfc1001 Well-Known Member

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    They haven't really got any saleable assets on the books . I think their average age is one of the worst in the division .
     
    bfc1001, Mar 9, 2021
    #31
  12. Che

    Chef Tyke Well-Known Member

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    A mate of mine who’s a Sheffield Wednesday fan often used to text me after we lost last season at around 16:50 ‘how’s Barnsley got on’?

    He’s also an accountant - I’ve asked him for his analysis of the Wednesday accounts, I’ll let you know what his reply is :D
     
    Chef Tyke, Mar 9, 2021
    #32
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  13. Dan

    DannyWilsonLovechild Well-Known Member

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    If he says anything other than they are a complete work of fiction, he's not being completely genuine ;-)
     
    DannyWilsonLovechild, Mar 9, 2021
    #33
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  14. Barnsley Chopin

    Barnsley Chopin Well-Known Member

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    Isn't there something in FFP about relegated clubs and player contracts that commenced before relegation- ie they don't count toward the wages/turnover rules?
     
    Barnsley Chopin, Mar 9, 2021
    #34
  15. Durkar Red

    Durkar Red Well-Known Member

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    It’s not uncommon for businesses to declare income / contracts in accounts before they have occurred, to artificially boost the perceived profitability of the company , Wednesday got caught out others got away with it ......mentioning no names
     
    Durkar Red, Mar 9, 2021
    #35
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  16. SFOTyke

    SFOTyke Well-Known Member

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    I hold no ill will, as if they go under, too many people's lives will be negatively affected.

    Like anyone else on here, I want to see them lose, get relegated and for the Reds to beat them handsomely every time. That's where my animosity ends.

    However, it makes me happy and content that we appear to be being run very well financially. For a while it looked like that affected our onfield performance, but this is not longer true.
     
    SFOTyke, Mar 9, 2021
    #36
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  17. Gordon Owen

    Gordon Owen Well-Known Member

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    tenor.gif.c8616c5c512484d0fa495f26295b0797.gif
     
    Gordon Owen, Mar 9, 2021
    #37
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  18. MexboroughTyke

    MexboroughTyke Well-Known Member

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    We're talking about something that impacts their profit & loss by around £38 million though, over 160% of their annual turnover. Not to mention that the date of the transaction is filed with the land registry.
     
    MexboroughTyke, Mar 9, 2021
    #38
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  19. Tyke_67

    Tyke_67 Well-Known Member

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    lol, how many texts have you got from him this season? :D:D:D
     
    Tyke_67, Mar 9, 2021
    #39
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  20. Che

    Chef Tyke Well-Known Member

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    none. But I’ve sent him a few!
     
    Chef Tyke, Mar 9, 2021
    #40
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