https://www.expressandstar.com/sport...nts-explained/
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1. "......it’s now understood the club made these accounting entries to ensure it had the opportunity to potentially pay all shareholders of WBA Group Ltd dividends in future years.
2. No dividend has been paid to date to any WBA Group shareholder nor is there any plan to do so in the forseeable future.
3. The £27million has not been removed from the club, and remains within the accounts."
1. and 2. contradict each other. Why doesn't Matt Wilson ask for clarification?
3. If that £27m "remains within the accounts" is it being invested at a better rate than the Bank are charging for our Loan? (More investigation, please, Matt Wilson!))
The £27m isn't cash, it will be represented by Assets in the accounts. If we had £27m cash available we wouldn't be using an overdraft facility or obtaining a secured loan.
If it isn't cash it wouldn't have been paid as a dividend.Quote:
Originally Posted by NortonBaggie
A proper reporter would have delved deeper and asked the question why the loans and overdrafts if you have all this money?
Agreed about the Reporters, but the "dividend payment" is an inter company paper transfer - no cash changes hands.Quote:
Originally Posted by BaggieBlood