Ten Bobsworth wrote:There aren't many that can figure it all out, Sluffy and there aren't many that want to know the facts or the truth. That's been the case for years and it's never changed much at all.Sluffy wrote:
Ah ok, thanks Bob.
Just underlines that I lack the knowledge or expertise to look too deeply into accounts and appreciate your understanding and sharing of them with us all.
We also don't actually know whether this £10million 'intellectual property' attaches to the hotel or the football club because, so far, we haven't seen the accounts of either.
We'll turn in due course to the property valuations. Therein lie some other surprising features.
Very much looking forward to reading your views as and when you are able to give them.
I did have a little look at property in the 2017 accounts earlier today but could not really understand it enough.
Without looking it up again I saw there was a headline amount of £70m but the bottom line total was £30m. I assumed there must have been some allowance for depreciation but could not understand how the value had fallen from £30m in 2017 to presumably £17.5m at the 1st July 2019, as that apparently was what FV paid for everything???
Then this £10m intellectual property amount popped up - so I wondered if it was some sort of 'balancing' amount to bring it back up to £27.5m (which seems a more reasonable decline of asset values over a couple of years from £30m?).
Even after thinking that I don't know how or where the £6m goodwill (valued as an assets within the £27.5m fitted in) as it hasn't got any tangible value per se?
I also thought if the top amount was £70m, it seems we had written down a great deal of assets to get to £30m but nobody seemed to had an issue with that when the accounts were published in 2017 so just figured that I probably wasn't understanding something that was indeed 'pucker'.
Stuff like this interests me, as no doubt people have noted by now, and although it may be 'boring' to many like Martin, it is absolutely critical to the existence of the club and its future.
I find it staggering that we've nearly gone to the wall due to lack of sensible financial control within the club, Bury did and Wigan were saved by some sort of a miracle - yet hardly anyone is arsed about at least trying to understanding a little bit of what the clubs finances are about- and ergo what its immediate future is going to be.
Each to their own I suppose but surely if you go out to work hard for a living do you not keep some sort of an eye on what you are spending or do you think you have a money tree at the bottom of your garden when you might need it like you presumably think BWFC has too?
Well Bury didn't and I'm interested to know what FV have planted at the bottom of our clubs garden.
Just me and Bob then I guess...