The old c wing 8:51 Tue Mar 9
WHU accounts - £65m loss
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https://theathletic.com/news/west-ham-accounts-coronavirus/fjc4S9WaQlcO
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Replies - Newest Posts First ( Show In Chronological Order)
collyrob
5:20 Thu Mar 11
Re: WHU accounts - £65m loss
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How much is that fraud Anderson costing us?
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Hammer-ed
9:47 Wed Mar 10
Re: WHU accounts - £65m loss
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Could have been a lot worse if we brought Tarkowski , who was valued at £35-40 Million compared to Dawson would would cost us only £2 million.
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Westside
3:44 Wed Mar 10
Re: WHU accounts - £65m loss
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so next year should be pretty decent.
rolled over TV money
additional prize money - probably another £20m
further reduced wage bill (you'd assume)
You will also have a near full season of zero ticket sales, rather than just missing out on 4 or 5 games. I think we played a couple of games this season, with a very reduced capacity?
Also depends what we spend on players. Doubt it will match the £108 million on transfers, in the 2019/20 season.
I don't know if the TV monies will be reduced for 2020/21, in the same way some is being clawed back for the 2019/20 season.
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WorldCupWilly
3:14 Wed Mar 10
Re: WHU accounts - £65m loss
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Westside 2:50 Wed Mar 10
"This will be standard accounting practice, for all clubs with a March/April/May year end. Clubs with a June year end, may have got a couple of matches TV money in their June accounts, with the season re starting 17 June."
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Which is why Crystal Palace now appear above us in the Deloitte Money League. Their financial year end is June, so they had the matches that they played in June included in their financial year.
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goose
3:12 Wed Mar 10
Re: WHU accounts - £65m loss
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so next year should be pretty decent.
rolled over TV money
additional prize money - probably another £20m
further reduced wage bill (you'd assume)
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WorldCupWilly
3:10 Wed Mar 10
Re: WHU accounts - £65m loss
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Willtell 12:34 Wed Mar 10
There is very little difference between WH Holding Ltd and West Ham United Football Club Ltd accounts. It's mainly in the balance sheet rather the the P&L. There's going to be nothing of interest in the Football Club Ltd accounts that isn't already in the published accounts of WH Holding.
Our esteemed owners hold shares in WH Holding and it is that company which most people are interested in.
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Westside
3:08 Wed Mar 10
Re: WHU accounts - £65m loss
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No.
As stated below, changed from end November, to end May, in 2007.
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goose
3:01 Wed Mar 10
Re: WHU accounts - £65m loss
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did they change the reporting period this year?
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Westside
2:57 Wed Mar 10
Re: WHU accounts - £65m loss
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let the clubs earnings work for the club
You should say the club's owners. They own everything. They can do as they see fit, with the business's money.
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blueeyed.handsomeman
2:54 Wed Mar 10
Re: WHU accounts - £65m loss
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let the clubs earnings work for the club and not your private purses
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Westside
2:50 Wed Mar 10
Re: WHU accounts - £65m loss
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Westside, genuine question - why defer the £45m to the next accounts?
Because the games weren't played until after the 31 May (financial year end) and the money's not been received, until after the year end.
Although the season finish was deferred, the date of the accounts wasn't.
This will be standard accounting practice, for all clubs with a March/April/May year end. Clubs with a June year end, may have got a couple of matches TV money in their June accounts, with the season re starting 17 June.
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BRANDED
2:41 Wed Mar 10
Re: WHU accounts - £65m loss
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There are loads of reasons you defer things. It all plays out in the end.
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goose
2:39 Wed Mar 10
Re: WHU accounts - £65m loss
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Westside, genuine question - why defer the £45m to the next accounts?
It feels like they are trying to make these look as shit as possible.
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blueeyed.handsomeman
2:16 Wed Mar 10
Re: WHU accounts - £65m loss
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over half of what is really gained,goes into private accounts
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Westside
2:11 Wed Mar 10
Re: WHU accounts - £65m loss
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Operating on a wage percentage of 94%. fucking hell.
Well, with a loss of £45 million of TV income (deferred to next set of accounts), what did you expect?
It would have been 73%, without that.
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Irish Hammer
2:09 Wed Mar 10
Re: WHU accounts - £65m loss
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Operating on a wage percentage of 94%. fucking hell.
We may as well sign Davor Suker back
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goose
1:59 Wed Mar 10
Re: WHU accounts - £65m loss
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i'm not your 'matey'.
i posted up an earlier comment showing your amazing f/cast for the 19/20 accounts.
you clearly stated the number (£130m loss) and the time frame you were talking about (19/20).
what you posted up was a few days later - so like i said you moved the goal posts or corrected what you realised was nonsense.
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Westside
1:09 Wed Mar 10
Re: WHU accounts - £65m loss
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The forecast for the current Covid affected 2020/21 season, is another £50m loss.
What's the source of that forecast?
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Side of Ham
1:05 Wed Mar 10
Re: WHU accounts - £65m loss
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This is where football has become an accountants hobby.....looooooong autopsy type discussions on something that has always been deemed boring even in many cases by the accountants themselves.
All I wanted to do was support a football club with good footballing traditions who's support I'd enjoy the company of..........that is the only time 'company' should be mentioned......but it's fucked itself to the point everyone has forgotten what this sport was for......and will instead mince like them Spurs cunts do about what a great 'business' they have.......
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Willtell
12:53 Wed Mar 10
Re: WHU accounts - £65m loss
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goose 12:27
Listen matey. Nothing I said was incorrect.
I'm not an accountant but I was a company director and know my way around company accounts. I explained how I got the figures from the trading company and C&H's articles that said what the losses were going to be.
You, on the other hand, told lies in the post below when I C&P'd what I actually said after it. Most sane people will know you're talking shit...
goose 10:48 Wed Mar 10
Re: WHU accounts - £65m loss
"I remembered for you. You said (with great authority) that the losses in this set of accounts WOULD BE £120m. Only the £55m off the mark then."
Willtell 10:58 Fri Feb 5
Re: Hammers United Get A Seat At The Table
"So, I looked into the WHUFC accounts. The explanation is so simple when you read them. Season 2018/19 accts lost £27m and totalled £89m accumulated from previous seasons. The reason for losses, without going too deeply into it, were the wage bill went up from £100m pa to £130m pa.
Season 2019/20 accts (last season) haven't been filed yet but C&H announced a few weeks ago that after talking with directors these would show another £40m loss. That makes £130m accumulated losses roughly!
The forecast for the current Covid affected 2020/21 season, is another £50m loss. If that happens and GSB HADN'T economised, at the end of this season the accumulated losses would be around £180m!"
So. Explain how any of that was wrong goose and don't forget to tell us why you lied about it please?
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Willtell
12:34 Wed Mar 10
Re: WHU accounts - £65m loss
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Thanks Westside and as I said the relevant figures are at the bottom of page 48 of those accounts showing accumulated losses of £233million.
The thing to remember is that when I looked at WH's accounts online over a month ago I was looking at WHUFC Ltd's accounts. WHUFC Ltd is the trading company for the men's football side of the group.
WH Holding Ltd is the holding company for everything including WHUFC Ltd, WHUWomensFC Ltd, WHU Sportswear Ltd, WHU Hospitality Ltd, and Thames Ironworks & Shipbuilding Co Ltd.
The last few are non-trading but eventually when it suits the directors, trade will be hived off into the trading companies as separate profit centres paying separate wages and fees to the men's football side.
Once the full accounts for WHUFC Ltd can be compared to the published WH Holding Ltd we will see what the situation is and why GSB use the multiple company names.
I will only be able to do that indirectly by seeing what the difference is between the two companies numbers...
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