Reply With QuoteDinna ken aboot that , like , especially if you're meaning that we would probably have got through if we had their drawOriginally Posted by darrendons
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Even more so when they would likely have been pumped silly by Burnley and we probably would have got to the Group Stages! :-(
How these chunts got their UEFA licence given their financial mess.....
What happened to the FFP rules of % of turnover to wages? No fuc King way have they stuck to that!
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Dinna ken aboot that , like , especially if you're meaning that we would probably have got through if we had their draw
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These accounts won't include all the players they signed in the summer, so next year's loss will also be very big, despite the extra money from being in Europe.
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The money received from the Europa League will only offset any transfer dealings made this year, approx £11million spent and approx £3million recouped through sales.
There is no way that this can be allowed to carry on, they are holding out for another share issue with the hope of writing off all of the directors soft loans.
Hun Armageddon is inevitable.
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Releasing their accounts while they are in the middle of a game is a classic example of trying to bury bad news.
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Bit of a read but the writer disna really hud back.
https://www.forbes.com/sites/mikemee.../#28f876776a8b
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He even mentions succulent lamb
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Not sure the exact rules on FFP, but I suspect that's why they had the share issue to write off £12m of debt.
It's the only reason I can think off to do the share issue. If had loaned them money, I'd rather be a creditor after an insolvency event than get more worthless shares.
There's a good in-depth analysis of the accounts here:
https://philmacgiollabhain.ie/2018/1...-30-june-2018/
Don't worry, it's written by an accountant rather than phil the phanny
Lots of interesting points in there, but the change in auditor's notes stand out:
Last year "emphasis of matter regarding a going concern" - essentially a risk of them going bust
This year "material uncertainty regarding going concern" - 50-50 chance of them going bust
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They wont go bust as there are too many idiots willing to pump money into them
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Aye, true, but only as lang as they get results on a regular basis, and show signs o' SUSTAINED progress .... there are five teams in oor league capable o' burstin that bubble .... that's fit it comes doon tae.
Nae point in pointin fingers at lawyers, SFA, SPFA, etc .... we've done oor bit denyin them a Weegiefest final ... but need tae dae mair. If we and ither capable clubs put them in their 'rightful' place, Ah reckon even the mair idiotic idiots will think twice aboot throwin daft money at them.
G.R.I.T. C.O.Y.R .... and come on onybody else fa's playin against them .... ( except on the odd occasion it disna help us)
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