New beginnings - 25% Truth, 80% Bollocks

[Andyred83]

Another worrying thing about these accounts is they include the sell on we got from Twine from his move from Franchise to Burnley. we should of received about £740K. that would mean our loss without that and the Eady money would have been £1.8m!

[4D]

Another worrying thing about these accounts is they include the sell on we got from Twine from his move from Franchise to Burnley. we should of received about £740K. that would mean our loss without that and the Eady money would have been £1.8m!

Do they? Where is this quoted?

[STFC_Manc]

Another worrying thing about these accounts is they include the sell on we got from Twine from his move from Franchise to Burnley. we should of received about £740K. that would mean our loss without that and the Eady money would have been £1.8m!

I would very much doubt that payment would be all upfront

[tans]

They took a loan out for it  to be paid early anywy

[Andyred83]

Even if its was paid later or not the sale happened in July 22 so it would be accounted for then, any money outstanding would be in debtors wouldn't it. We need the Trust to ask the question to the club  "Did these accounts include the Twine sell on?"

[STFC_Manc]

Even if its was paid later or not the sale happened in July 22 so it would be accounted for then, any money outstanding would be in debtors wouldn't it. We need the Trust to ask the question to the club  "Did these accounts include the Twine sell on?"

It would include some of the income but not all, the loan would sit in creditors and the future income will sit In debtors, the amount due in the year will sit on the income line

[ThreeDrawsMentality]

It would include some of the income but not all, the loan would sit in creditors and the future income will sit In debtors, the amount due in the year will sit on the income line

Did we not arrange an advance on all of the Twine income via the agreement with Mean Time or whatever they were called last summer, rather than partial amount?

[Andyred83]

Just looked, time invoice finance in march 23 to another of clems companies Axis sports investments which like so many others has outstanding accounts due in Oct 23, different to the axis football investments which owns the club , how many of these companies have overdue accounts

[RobertT]

It would include some of the income but not all, the loan would sit in creditors and the future income will sit In debtors, the amount due in the year will sit on the income line

Indeed - you'd expect the income to be distributed according to any release schedule from Franchise and be added to the debtors line in the Balance Sheet.  Assuming we took out a loan to get the cash in before the maturity of the deal, that loan should appear in the Liabilities section, likely against creditors greater than 1 year.

As with all things STFC, what we cannot determine is if this happened at all - there are no notes, which you would expect from significant items, even in these shitty small accounts (which I know they are not even legally obliged to produce).  It could also have happened beyond the realms of STFC's legal entity, in one of the holding co's (the loan portion that is).

Just another small wrinkle in any pretence to be open and transparent.

[4D]

The income is shown on the p&l as soon as the debtor is posted, the timing of the receipt of funds has no impact to the p&l, it's applied to the debtor. Accruals basis, not cash basis  
As Rob says we have no idea regarding when this was applied.

[The Artist Formerly Known as Audrey]

It’s clean!

[OOH! SHAUN TAYLOR]

Well there you go... baby steps and all that!

[4D]

The forum is viewed by the powers that be? 

[RobertT]

Is Donald Trump still Sharpie ing the Fixture Board on the Magic Roundabout?

[ChalkyWhiteIsGod]

Didn't a local company offer to clean it for free?