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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goose
12:27 Wed Mar 10
Re: WHU accounts - £65m loss
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i c&p what you wrote as well (on the 2nd Feb) - and from an earlier date.
you changed the goal posts on the 5th Feb to "accumulated" losses whereas before you said 19/20 losses.
as Bolty said you are having (another) stinker.
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Westside
12:08 Wed Mar 10
Re: WHU accounts - £65m loss
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The accounts shown by C&H have not found their way onto the Companies House website yet
No, but that the accounts that will be filed there, are on the club website.
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Willtell
12:05 Wed Mar 10
Re: WHU accounts - £65m loss
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Block
I aghast Bolty! How can being right be "an absolute stinker"?
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Willtell
12:02 Wed Mar 10
Re: WHU accounts - £65m loss
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goose
I c&p'd what I said and I wasn't wrong at all. You're just muddying the waters to save face.
The accounts C&H are talking about today are from WH Holding Ltd which was a dormant company last month when I looked. GSB have re-used it to hide the losses they've made on the trading company WHUFC Ltd.
The accounts shown by C&H have not found their way onto the Companies House website yet so I'll take a further look at both company names when they do go live. You and other fans might actually be interested in how bad things are at WH.
We're all agreed GSB have been bad for WH but we go about things differently that's all. I'm not your enemy.
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Block
11:54 Wed Mar 10
Re: WHU accounts - £65m loss
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Tell, sorry mate you've had an absolute stinker here.
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goose
11:53 Wed Mar 10
Re: WHU accounts - £65m loss
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what's bizarre is you trying to claim some kind victory because you got it even more wrong than i said you did!??
i'm glad you're back, i've missed watching you demise.
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Willtell
11:48 Wed Mar 10
Re: WHU accounts - £65m loss
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Ag ag ag! What's bizarre goose, is you thinking you're kidding anyone.
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goose
11:47 Wed Mar 10
Re: WHU accounts - £65m loss
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“ We now have £130m losses at end of 2019/20 season.”
No mention of accumulating losses, very specific about the time frame.
So you were £65m out not £55m.
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penners28
11:46 Wed Mar 10
Re: WHU accounts - £65m loss
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BUT THEY PAID OFF ALL OUR DEBTS!!
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goose
11:44 Wed Mar 10
Re: WHU accounts - £65m loss
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Are you celebrating getting it even more wrong than I said?
How bizarre.
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Westside
11:44 Wed Mar 10
Re: WHU accounts - £65m loss
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We still have massive debts. We owe over £110 million, in transfer fees for example. Our total liabilities exceed £300 million (before assets). Our accumulated (total) losses are £233 million, at the balance sheet date, for these accounts
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Willtell
11:41 Wed Mar 10
Re: WHU accounts - £65m loss
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You protest too much goose.
Look you are the one that lied about what was said. You claimed to remember that "You said (with great authority) that the losses in this set of accounts WOULD BE £120m."
I showed that I never actually said that with a detailed explanation for how I got to the figures from known accounts and C&H's claims.
I was spot on with my post.
You lied about it...
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goose
11:29 Wed Mar 10
Re: WHU accounts - £65m loss
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My apologies - you got it even further wrong than i said - you must be proud.
I see your time away has done nothing for mental well being.
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Willtell
11:27 Wed Mar 10
Re: WHU accounts - £65m loss
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goose
1) £130m is not £120m.
2) Your attempt at disgracing me back-fired to make you look a complete cunt...
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goose
11:13 Wed Mar 10
Re: WHU accounts - £65m loss
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what about this?
Willtell 10:23 Tue Feb 2
Re:
I meant to say GSB spent years reminding us of the £100m debts. We now have £130m losses at end of 2019/20 season.
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Willtell
10:58 Wed Mar 10
Re: WHU accounts - £65m loss
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Full of shit like always goose? Here's what I actually said....
"I'm not one for the herd mentality so I needed to know why GSB commit these apparent 'offences'. 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!"
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goose
10:48 Wed Mar 10
Re: WHU accounts - £65m loss
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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.
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Willtell
10:42 Wed Mar 10
Re: WHU accounts - £65m loss
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goose 9:46 Tue Mar 9
Re: WHU accounts - £65m loss
That can’t be right, Willitell said it was gonna be £120m.
------------------------------------
I can't remember what number I actually said was likely to be but it was after looking at 2019 accounts for WHUFC Ltd accounts and C&H saying what the losses would be.
These accounts are for WH Holding Limited which was a dormant company when I last looked a few months ago. Holding companies are usually there to look after the best interests of the directors but in this instance to hide the extent of their losses I'm guessing.
The thing to look at is the figure at the bottom of page 48 of C&H's link to the accounts. That is a total of £232.7million accumulated losses...
Stick that in your pipe goose!
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Westside
10:24 Wed Mar 10
Re: WHU accounts - £65m loss
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Did they take the whole chunk of the tv rights rebate out of this accounts?
If you mean, the clawback for matches not being played at the originally contracted kick off times, this is being clawed back in the accounts, over a couple of years. A £6 million charge is in this set of accounts, £2 million the next. This is the book entry, the cash hasn't physically been paid, it is being deducted from 21/22 and 22/23 TV monies receivable.
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Westside
10:18 Wed Mar 10
Re: WHU accounts - £65m loss
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Haven't they already sold on (and pocketed) future match-day income?
No.
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