Great news on the CPO notice to vacate dates.
The financial accounts never make much sense in isolation like this because for tax reasons ENIC move money between us and offshore companies like Tavistock and TH Property Ltd etc.
In this case much of the £60m profit was the £40m transfer from Tavistock to clear our debts to enable us to get more favourable mortgage rates for the stadium.
That's correct - there's no loss in buying a player because you're just converting cash into an asset (or getting an asset and a debt) of equal value.I think the profit will be because of the Bale transfer. My understanding is the profit is the amount above the amortised value on the books, regardless of whether we spend the money on other players.
Great news on the CPO notice to vacate dates.
The financial accounts never make much sense in isolation like this because for tax reasons ENIC move money between us and offshore companies like Tavistock and TH Property Ltd etc.
In this case much of the £60m profit was the £40m transfer from Tavistock to clear our debts to enable us to get more favourable mortgage rates for the stadium.
Good luck!I don't wish to single you out GB but I do wish that you would stop posting opinion and speculation as fact or at least attempt to support it.
I don't wish to single you out GB but I do wish that you would stop posting opinion and speculation as fact or at least attempt to support it.
I think the £40m (from ENIC rather than Tavistock?) will only be a balance sheet transaction and not be included in the profit. It was simply an interest free, unsecured loan with the intention that it would be converted to preference shares in future (which may have happened by now).
65.3 million pounds. In June 2014. Sigh.
fudgeing mugs the lot of us.