You're baffled

Doncaster said we left the Premier League with ?580,000 more than when we started ( not sure whether that includes the Francis transfer or not). Since then we received a parachute payment of ?6.7 million. Yet by January of this year there was no money to buy Robinson, or even to pay his wages. We then sold Ashton, receiving at that time according to Doncaster ?5.75 million - and signed Earnshaw for ?3.5 million. And then Croft for ?600,000. Yet on deadline day there appeared to be only the Green money to spend (and just possibly not even that since the Cotterill purchase was linked to the MacKenzie sale).
Fiddle with the figures how you like the gap remains massive.

Then there is the issue of the Jarrold Stand and the infill- which according to Doncaster were to be paid for "through revenues generated by development of other land we own in and around Carrow Road, including residential development on land behind the Norwich and Peterborough Stand and the building of a new four-star hotel in the corner between the Barclay Stand and The Jarrold Stand."

Yet, again according to Doncaster in the end the Jarrold Stand was actually paid for by borrowing, not out of revenues: "After the securitisation (which paid for the Jarrold Stand, as well as paying off short-term debt and covering our losses for the year)..."

Baffled doesn't begin to cover it. Really looking forward to seeing the accounts.

Posted By: The King of Prussia on October 5th 2006 at 10:14:38

Message Thread

I am really baffled about where the money's gone (NCFC) - Old Git, Oct 5, 09:55:36
- You're baffled (NCFC) - The King of Prussia, Oct 5, 10:14:38
- Something is wrong somewhere! (NCFC) - DiscoDaleGordon, Oct 5, 10:08:37
  - leeds didnt pay the conventional way - they had quite alot on HP (NCFC) - Financebod, Oct 5, 10:12:13
    - they used a ridiculous futures system though... (NCFC) - camcan, Oct 5, 10:31:36
      - I'm worth about (NCFC) - duke of york, Oct 5, 10:34:14
        
        Indeed... (NCFC) - camcan, Oct 5, 10:39:29
    - HP ? Source ? (n/m) (NCFC) - Steve in Holland, Oct 5, 10:21:48
      - HP sauce, yum, yum! (n/m) (NCFC) - Financebod, Oct 5, 10:38:07
    - Yes, my memory is that they had a firesale and sold for less than they bought (n/m) (NCFC) - Old Git, Oct 5, 10:14:10
- Off the top of my head - Corner stand ?3.5m Jarrold Stand (incl fitting out) ?10m+ (NCFC) - Financebod, Oct 5, 10:05:02
  - I went on a tour of Carra rood (NCFC) - songwriter81, Oct 5, 10:17:52
    - OK, that's ?20,000 accounted for then (n/m) (NCFC) - Old Git, Oct 5, 10:19:59
      - work re the press facilities cost ?100k (per 04/05 NCFC Accounts) (n/m) (NCFC) - Financebod, Oct 5, 10:32:16
        
        Chickenshit (n/m) (NCFC) - Old Git, Oct 5, 10:38:07
        
        whats Chickens**t ? (n/m) (NCFC) - Financebod, Oct 5, 10:45:54
        
        100k (NCFC) - Old Git, Oct 5, 10:59:23
        
        but it was an answer to the person who said ?20k ! (n/m) (NCFC) - Financebod, Oct 5, 11:21:58
        
        20k, 100k - so what? (n/m) (NCFC) - Old Git, Oct 5, 11:28:43
        
        FFS I'm just telling 'em it was ?100k not ?20k .....yes in terms of a total of ?7m on FA (NCFC) - Financebod, Oct 5, 11:42:33
        
        Chill (NCFC) - Old Git, Oct 5, 11:51:08
  - Cost of the Jarrold Stand is not relevant (NCFC) - The King of Prussia, Oct 5, 10:16:59
    - But the fitting out costs (not peanuts) and the loan repayments re Jarrold (NCFC) - Financebod, Oct 5, 10:22:37
      - My point is (NCFC) - The King of Prussia, Oct 5, 10:38:51
        
        Repayment of Loans re the land bought for ?2.75m + (NCFC) - Financebod, Oct 5, 10:58:27
        
        That's around about ?10 million (NCFC) - The King of Prussia, Oct 5, 11:05:06
        
        and of course we were told (NCFC) - The King of Prussia, Oct 5, 11:07:40
        
        The Jarrold stand loan is different from the other 2 loans (re Corner stand and the land ) (n/m) (NCFC) - Financebod, Oct 5, 11:23:16
        
        According to the club (NCFC) - The King of Prussia, Oct 5, 11:26:50
        
        Correct - page 31 of the 04/05 Accounts (NCFC) - Financebod, Oct 5, 11:49:57
      - should have read loan interest and repayments (n/m) (NCFC) - Financebod, Oct 5, 10:23:15
        
        Dont forget the increase in wages in the Prem season say ?6m and the transfer fees (NCFC) - Financebod, Oct 5, 10:26:28
        
        Anyway, that's balls about the Prem transfer fees (NCFC) - Old Git, Oct 5, 11:07:45
        
        I said roughly ?5m.......and I refer you to page 36 of the 04/05 Accounts (NCFC) - Financebod, Oct 5, 11:35:54
        
        Employees remuneration in FY 04/05 went from ?11m up ?15M. (NCFC) - dorset_canary, Oct 5, 11:24:44
        
        Transfer fees not relevant (NCFC) - Old Git, Oct 5, 10:28:32
        
        tell that to the bank manager! Just explaining where the Prem money went (n/m) (NCFC) - Financebod, Oct 5, 10:39:42
        
        So where did (NCFC) - The King of Prussia, Oct 5, 10:41:58
        
        please see my answer above (n/m) (NCFC) - Financebod, Oct 5, 11:00:20
        
        What I don't understand is where ?7.6M of profit after tax.. (NCFC) - dorset_canary, Oct 5, 10:57:02
        
        the difference was spent ! (n/m) (NCFC) - Financebod, Oct 5, 11:01:21
        
        Theres a difference between ?7m+ PROFIT and the CASH POSITION!! (NCFC) - Financebod, Oct 5, 11:40:24
        
        On what? (n/m) (NCFC) - The King of Prussia, Oct 5, 11:08:53
        
        Creo, are you getting a strange feeling that you might be swapping posts with Doomcaster? (NCFC) - Old Git, Oct 5, 11:12:25
        
        In terms of not getting a remotely adequate answer about the finances? (NCFC) - The King of Prussia, Oct 5, 11:18:58
        
        LOL! (n/m) (NCFC) - Financebod, Oct 5, 11:55:08
        
        Is that you Creo, oh well when I have typed up some figures re 05/06 (NCFC) - Financebod, Oct 5, 11:31:08
        
        So have we reduced our debts then? (NCFC) - Old Git, Oct 5, 11:33:12
        
        Not only that, but (NCFC) - Old Git, Oct 5, 11:20:38
        
        PMSL! (n/m) (NCFC) - Financebod, Oct 5, 11:57:41
        
        To be honest (NCFC) - The King of Prussia, Oct 5, 11:31:53
        
        Mega PMSL! (n/m) (NCFC) - Financebod, Oct 5, 11:58:18
        
        Fucking amen. (NCFC) - Arizona Bay, Oct 5, 11:14:32
        
        You explain it then sunshine..... (n/m) (NCFC) - Financebod, Oct 5, 11:32:16
        
        Only after you read my post properly. (n/m) (NCFC) - Arizona Bay, Oct 5, 11:35:49
        
        LOL! (n/m) (NCFC) - Financebod, Oct 5, 11:56:56
  - TVM - but that just reminds me (NCFC) - Old Git, Oct 5, 10:10:21
    - You buy the land - then you get planning permission (NCFC) - Financebod, Oct 5, 10:17:01
      - But I thought it had already been sold (NCFC) - Old Git, Oct 5, 10:20:48
        
        that was part of the land bought by Chase - Delia's regime has bought 2 lots of land (NCFC) - Financebod, Oct 5, 10:34:40
        
        Isn't that all part of the riverside development? (n/m) (NCFC) - Old Git, Oct 5, 10:37:51
        
        Chase bought 2 bits of land (NCFC) - Financebod, Oct 5, 11:18:31
        
        Informative, thanks (NCFC) - Old Git, Oct 5, 11:22:22
        
        Mind you - what's going in the infill between the hotel and the pitch ? (NCFC) - Arganth, Oct 5, 11:30:07
        
        I think they have left enough space for say an ambulance to (NCFC) - Financebod, Oct 5, 12:03:59
        
        oops sorry about the typing but I think you will get the (NCFC) - Financebod, Oct 5, 12:05:09
        
        Don't they have to leave space for pitch access by emergency services? (NCFC) - Arizona Bay, Oct 5, 11:32:19
        
        That's down the other end by the community infill. (n/m) (NCFC) - Arganth, Oct 5, 11:33:34
        
        Oh arr? (NCFC) - Arizona Bay, Oct 5, 11:36:30
        
        May be Earnies Humvee will be parked there so you can admire it LOL! (n/m) (NCFC) - Financebod, Oct 5, 12:10:19
        
        Do the ladders he must use to get into it come as standard ... (NCFC) - Arizona Bay, Oct 5, 12:15:04
- we must have spent a lot of money on loans (NCFC) - earlydoors, Oct 5, 10:02:37
  - not necessarily (NCFC) - Financebod, Oct 5, 10:08:13

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.