Would Cryne be justifed in pocketing the Stone's fee

Discussion in 'Bulletin Board ARCHIVE' started by ark104 (v2), Aug 9, 2016.

Page 2 of 2
  1. Redstar

    Redstar Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    26,953
    Likes Received:
    2,050
    Trophy Points:
    113
    Location:
    Fidel's Bedside
    Style:
    Barnsley (full width)
    Or loan debt written off to comply with SCMP?
     
    Redstar, Aug 9, 2016
    #21
  2. Dan

    DannyWilsonLovechild Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    16,343
    Likes Received:
    20,777
    Trophy Points:
    113
    Style:
    Barnsley
    He's written off existing loans several times and under SMCP, incoming funds have had to be "gifts". I think the main creditor in previous accounts have been the bank.
     
    DannyWilsonLovechild, Aug 9, 2016
    #22
  3. Ext

    Extremely Northern Well-Known Member

    Joined:
    Aug 9, 2011
    Messages:
    11,753
    Likes Received:
    1,949
    Trophy Points:
    113
    Occupation:
    Professional Northerner.
    Location:
    Preparing for the 4th division
    Style:
    Barnsley (full width)
    I don't understand SCMP. How is Lansdown at Bristol funding their largesse ?
     
    Extremely Northern, Aug 9, 2016
    #23
  4. Men

    Menai Tyke Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    11,244
    Likes Received:
    8,007
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Earth
    Style:
    Barnsley
    Yes.
     
    Menai Tyke, Aug 9, 2016
    #24
  5. ark

    ark104 (v2) Well-Known Member

    Joined:
    Aug 25, 2011
    Messages:
    6,235
    Likes Received:
    1,627
    Trophy Points:
    113
    Location:
    York
    Style:
    Barnsley (full width)
    SCMP only applies to League One and Two. Championship FFP allows a £13m loss per season if the owner injects equity, a £5m loss per season if they don't. Mental.

    http://www.financialfairplay.co.uk/financial-fair-play-explained.php
     
    ark104 (v2), Aug 9, 2016
    #25
  6. Red

    Red Rain Well-Known Member

    Joined:
    Aug 8, 2005
    Messages:
    4,811
    Likes Received:
    2,864
    Trophy Points:
    113
    Location:
    Wombwell
    Home Page:
    Style:
    Barnsley (full width)
    The latest published accounts are to 31 May 2015. The accounts to 31 May 2016 will not be published until 2016 although Mr Cryne stated recently that they showed a loss of £1m, and this would have had to have been funded, presumably by Mr Cryne. The accounts are for the football club only as the land and buildings are held by another company which is owned 50/50 by the council and Mr Cryne. Mr Cryne paid £3m for his share of that company. The rest of this posting relates to the football club accounts to 31 May 2015

    Those accounts show a loan from Mr Cryne of £2,660,588, share capital of £3,900,000 of which £1,000,000 is in shares, which is not easily redeemable and £2,900,000 is in a share subscription account which is. Mr Cryne acts as guarantor for the bank overdraft which at that time stood at £1,412,683. In the previous year, he donated £840,000, which would be hard for him to get back without deduction of income tax.
     
    Red Rain, Aug 9, 2016
    #26
  7. Ext

    Extremely Northern Well-Known Member

    Joined:
    Aug 9, 2011
    Messages:
    11,753
    Likes Received:
    1,949
    Trophy Points:
    113
    Occupation:
    Professional Northerner.
    Location:
    Preparing for the 4th division
    Style:
    Barnsley (full width)
    Seems legit....
     
    Extremely Northern, Aug 9, 2016
    #27
  8. Xer

    Xerxes Well-Known Member

    Joined:
    Dec 7, 2005
    Messages:
    5,737
    Likes Received:
    569
    Trophy Points:
    113
    Occupation:
    Ex-oil Company Project Director
    Location:
    West Riding of Yorkshire or St Selve, France
    Style:
    Barnsley (full width)
    Yes
     
    Xerxes, Aug 9, 2016
    #28
  9. Marlon

    Marlon Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    23,677
    Likes Received:
    14,562
    Trophy Points:
    113
    Gender:
    Male
    Location:
    HERE.
    Style:
    Barnsley Dark
    Most definitely yes.
     
    Marlon, Aug 9, 2016
    #29
  10. Coe

    Coexist Member

    Joined:
    Jan 20, 2009
    Messages:
    467
    Likes Received:
    0
    Trophy Points:
    16
    Occupation:
    Retired
    Style:
    Barnsley (full width)
    YES. Absolutely.
     
    Coexist, Aug 9, 2016
    #30
  11. red

    redrum Well-Known Member

    Joined:
    Jan 17, 2013
    Messages:
    26,673
    Likes Received:
    19,763
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Yes 100% justified
     
    redrum, Aug 9, 2016
    #31
  12. dreamboy3000

    dreamboy3000 Well-Known Member

    Joined:
    Oct 20, 2005
    Messages:
    60,829
    Likes Received:
    27,259
    Trophy Points:
    113
    Location:
    DB3K Towers
    Style:
    Barnsley (full width)
    Definitely not at all.
     
    dreamboy3000, Aug 9, 2016
    #32
  13. Stamfordtyke

    Stamfordtyke Active Member

    Joined:
    Feb 10, 2016
    Messages:
    320
    Likes Received:
    31
    Trophy Points:
    28
    Occupation:
    Full time Barnsley supporter
    Location:
    Stamford, Lincs. Born n dragged up in Thurnscoe
    Style:
    Barnsley (full width)
    I`ve just left a message for him on his mobile, suggested we go 50 - 50.
     
    Stamfordtyke, Aug 9, 2016
    #33
Page 2 of 2

Share This Page