Replies - In Chronological Order ( Show Newest Messages First)
Johnson
12:18 Mon Mar 5
Re: Club accounts
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SHOCK
They'll come out once the weekend of the soon to be cancelled march has passed.
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Infidel
12:44 Mon Mar 5
Re: Club accounts
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The club accounts are an irrelevance.
What are you hoping to find out?
If the club has made a profit you'll say they are milking it for cash.
If it has made a loss you'll say they are incompetent.
No matter what the debts are you'll say "look at these huge debts!" (they aren't huge, they are in reasonable proportion to the club's size and cash flow.)
This whole nonsense with the accounts is a distraction from the bigger issues with our ownership.
They are the wrong owners for all sorts of reasons, but two in particular, first because they make terrible decisions on managers (sacking Zola, appointing Grant, appointing Allardyce, not sacking Bilic earlier, appointing Moyes) and second because their incompetence and lack of ambition for the club deter good players from signing for us.
The accounts will show, as they always do, that PL football clubs have enjoyed greatly increased revenues from TV and that they are passing most of that on to the playing staff in the form of wages.
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Buster
12:45 Mon Mar 5
Re: Club accounts
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'and second because their incompetence and lack of ambition for the club deter good players from signing for us.'
But we've got a better squad than Liverpool and Arsenal?
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rochesterjohn
12:51 Mon Mar 5
Re: Club accounts
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I’m surprised we can afford the £150 fine, no doubt Sullivan will haggle it up.
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Westside
1:02 Mon Mar 5
Re: Club accounts
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they aren't huge, they are in reasonable proportion to the club's size and cash flow.)
That cash flow falls off a cliff with relegation, despite parachute payments.
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Far Cough
1:06 Mon Mar 5
Re: Club accounts
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"But we've got a better squad than Liverpool and Arsenal? "
arf
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Infidel
1:43 Mon Mar 5
Re: Club accounts
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Westside, no it doesn't.
If the club is relegated the squad will be liquidated.
Cashflow will be strongly positive as all the club's saleable playing assets are sold off.
This is exactly what happened in 2003 when we were relegated. Three of the most promising Academy players - Michael Carrick, Glen Johnson and Joe Cole -
were all sold during the Summer.
Di Canio was released, as were the loan players (Les Ferdinand etc), so the wage bill fell even more.
If we are relegated S&G will do the same and recoup as much as they can.
And before you say all of our players are rubbish and will never be bought by any other club - which is clearly the view of many of the ignoranti on here - there will be a ready market for the likes of Arnautovic, Lanzini, Antonio, Chicharito, Carroll, Masuaku, Cresswell, Adrian, Reid and others.
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Queens Fish Bar
2:27 Mon Mar 5
Re: Club accounts
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Infidel
GSB look like they are executing a classic attempt to inflate the value of a business whilst investing as little as possible into it.
Their programme of signing players on high wages with no/or minimal transfer fee helps to keep money in the bank (latest example Patrice Evra FFS! Zabaletta on the right means West Ham's wingbacks have a combined age of 70).
Chuck in other things like the free stadium, Prem. money, sponsorships, money from the sale of the Boleyn, 17th highest income in Europe, etc and you have classic balance sheet pumping .
Rumours are that Gold, Sullivan and Brady want to sell. This will make them significantly more wealthy if someone buys the club at a pumped up price.
Look what the did to Birmingham City. Track record as pump and dump merchants.
The board made so many promises to fans. So much has proved to be lies.
As a lifelong, passionate, West Ham fan I am used to a roller coaster of emotions on and off the pitch.
But this is something else - we have lost so much in leaving the Boleyn. Gone for ever.
I cannot see what we are going to be.
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Queens Fish Bar
2:27 Mon Mar 5
Re: Club accounts
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Infidel
GSB look like they are executing a classic attempt to inflate the value of a business whilst investing as little as possible into it.
Their programme of signing players on high wages with no/or minimal transfer fee helps to keep money in the bank (latest example Patrice Evra FFS! Zabaletta on the right means West Ham's wingbacks have a combined age of 70).
Chuck in other things like the free stadium, Prem. money, sponsorships, money from the sale of the Boleyn, 17th highest income in Europe, etc and you have classic balance sheet pumping .
Rumours are that Gold, Sullivan and Brady want to sell. This will make them significantly more wealthy if someone buys the club at a pumped up price.
Look what the did to Birmingham City. Track record as pump and dump merchants.
The board made so many promises to fans. So much has proved to be lies.
As a lifelong, passionate, West Ham fan I am used to a roller coaster of emotions on and off the pitch.
But this is something else - we have lost so much in leaving the Boleyn. Gone for ever.
I cannot see what we are going to be.
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Buster
2:33 Mon Mar 5
Re: Club accounts
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'Three of the most promising Academy players - Michael Carrick, Glen Johnson and Joe Cole -
were all sold during the Summer.'
No they weren't.
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WorldCupWilly
2:58 Mon Mar 5
Re: Club accounts
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The accounts not being published is down to Companies House - not the club. The club would have filed them on time - expect Companies House to publish them in a few days time.
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Infidel
3:31 Mon Mar 5
Re: Club accounts
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Queens
I think we'll be bought out by an Arab/Yank/Chinese at some point in the near future and they will try to do to us what Sheikh Mansour has done to City.
If that doesn't happen we are in real trouble because these clowns -and I include Brady in that - are amateurs, completely out of their depth.
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Westside
3:35 Mon Mar 5
Re: Club accounts
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Cashflow will be strongly positive as all the club's saleable playing assets are sold off.
If that's the case how come, in our last season in the Championship, the club made made a loss in excess of £25 million. Cash outflow was in excess of £29 million. Doesn't look strongly positive to me..
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Westside
3:46 Mon Mar 5
Re: Club accounts
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The accounts not being published is down to Companies House - not the club. The club would have filed them on time - expect Companies House to publish them in a few days time.
If that's the case, there's nothing to stop the club publishing the accounts, on the club website,as they've done in previous years.
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Bullet
3:58 Mon Mar 5
Re: Club accounts
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C&H said the delay was down to a delay at Companies House due to the snow.
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Jaan Kenbrovin
4:08 Mon Mar 5
Re: Club accounts
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Infidel 1:43 Mon Mar 5
Unfortunately we don’t have a similar pool of youthful talent to desperately cash in on to stay afloat and have a huge wage bill for players most clubs wouldn’t entertain matching.
So we would most likely have to subsidise those wages just to get the most worthless players off the wage bill, which is what happened to Leeds and now Sunderland, who could well be a third tier team next season despite the benefit of parachute payments.
Our current debt is still very high due to the amount the owners had to put into the club when they got us relegated last time, not sure how willing or capable they will be to repeat that if the worst happens again?
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Infidel
4:09 Mon Mar 5
Re: Club accounts
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Westside
You are mixing different things.
If we are relegated it is a safe bet that the key playing assets will be sold, as they were in 2003. Cashflow will likely be strongly positive.
But it's a one time boost to cash. In subsequent years in the second tier of football, losses are quite likely, especially if the owners decide to invest in players to try to get promoted, which they did under Allardyce.
We had the largest wage bill in the Championship when we got promoted.
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JustAFatKevinDavies
4:11 Mon Mar 5
Re: Club accounts
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do they have figures on how many sprints we've made since Moyes has took over or do I have to wait for next years accounts for that?
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Johnson
11:04 Mon Mar 5
Re: Club accounts
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The accounts are out.
Finance boffins do your thing.
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joeycole26
11:23 Mon Mar 5
Re: Club accounts
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No they’re not
https://beta.companieshouse.gov.uk/company/00066516/filing-history
https://www.whufc.com/club/corporate-information/financial-reports
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