An Interesting Twitter Thread on the Club's Recent Finances (PT "

Discussion in 'Bulletin Board' started by BrunNer, Jun 17, 2019.

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  1. BrunNer

    BrunNer Well-Known Member

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    #1 BrunNer, Jun 17, 2019
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  2. dreamboy3000

    dreamboy3000 Well-Known Member

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    #2 dreamboy3000, Jun 17, 2019


    At least Conway is aware. The club shop is very poor. You can easily visit it and be out in a minute or two without spending a penny because of the stuff we sell in there. Unofficial websites sell better Barnsley FC items by using what I assume is our intellectual property to make money from our club that we don't see any of.
     
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  3. **AIRTyke

    **AIRTyke Active Member

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    #3 **AIRTyke, Jun 17, 2019
    Cracking thread, thanks.
     
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  4. Afi

    Afies Dad Active Member

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    #4 Afies Dad, Jun 17, 2019
    Hidden in the thread is a comparison of the transfer fees paid and received for 2018/19, it states proceeds were £1.7m and purchases were £0.6m. This just goes to show what a steal Cauley Woodrow was!! great work from the recruitment team.
     
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  5. Pon

    PontyEndRed Well-Known Member

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    #5 PontyEndRed, Jun 17, 2019
    It mentions in there that the puma deal also ended along with the CK Beckett deal, does anyone know if that's true? Not seen anything mentioned about the supplier changing, I thought they had another year? Maybe I missed it somewhere
     
  6. RamTam

    RamTam Well-Known Member

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    #6 RamTam, Jun 17, 2019
    Apologies if this has been posted before but I thought some might find this interesting.

     
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  7. Gally

    Gally Administrator
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    #7 Gally, Jun 17, 2019
    Thanks very detailed. This is interesting:



    And this (which we already knew I guess):

     
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  8. RedStriker

    RedStriker Well-Known Member

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    #8 RedStriker, Jun 17, 2019
    I suspect A few on here would rather choose not to believe it however.
     
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  9. Loko the Tyke

    Loko the Tyke Administrator
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    #9 Loko the Tyke, Jun 17, 2019
    If it was a 'Share Issue' does that mean we would have had to pay it back at some point, and therefore it wasn't a 'donation' as previously communicated? Or am I thinking that out loud wrong?
     
  10. dreamboy3000

    dreamboy3000 Well-Known Member

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    #10 dreamboy3000, Jun 17, 2019
    I thought Puma had longer go to, but it would explain the hold up of the new kit taking so long to be on sale.
     
  11. Con

    Conan Troutman Well-Known Member

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    #11 Conan Troutman, Jun 17, 2019
    Pretty sure he got his money back when the club was sold.
     
  12. Gally

    Gally Administrator
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    #12 Gally, Jun 17, 2019
    Untrue. I asked the question. Off the top of my head 2 years left
     
  13. Loko the Tyke

    Loko the Tyke Administrator
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    #13 Loko the Tyke, Jun 17, 2019
    He did. I was meaning more around the communication that they were donations, when it looks like they were still loans of some sort. FFP and all that I'm thinking.

    Doesn't matter now like. As I said, I was just thinking out loud.
     
  14. Gally

    Gally Administrator
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    #14 Gally, Jun 17, 2019
    Yes think you are. We are debt free. He previously wrote off a bunch of loans. As I understand it, the additional loans owed were converted to shares which would have been purchased by the new owners. Accountants can point out if this is an incorrect understanding. Whether or not he got his 11m plus all the other money put in during the early days to pay off sterling etc and underwrite the club in those first 4 years I dunno.
     
  15. Gally

    Gally Administrator
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    #15 Gally, Jun 17, 2019
    Where's @Red Rain when you need him :)
     
  16. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #16 BarnsleyReds, Jun 17, 2019
    Still typing up his “Minority Report” of Morais’ tenure.
     
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  17. Gally

    Gally Administrator
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    #17 Gally, Jun 17, 2019
    A four letter summary, surely?
     
  18. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #18 BarnsleyReds, Jun 17, 2019
    But.. “Inspirational” has more than 4 letters!?
     
  19. Red

    RedMonk Well-Known Member

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    #19 RedMonk, Jun 18, 2019
    Meow?
     
  20. Arc

    Archerfield Well-Known Member

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    #20 Archerfield, Jun 18, 2019
    Maybe not Red Rain but the position with Patrick was pretty clear.

    Over 12 years ownership he had £5m of written off loans, £1.2m of donations, he personally underwrote £2m of bank finance and, at the time of the takeover, a further £6.3m of loans to the club.

    The position in the accounts showed that the share issue, cash in from the new owners offset the loans outstanding at the time of the purchase (the £6.3m). We can only speculate as to the actual purchase price paid but typically the repayment of debt is deducted form the overall transaction.

    Although the final amount of £6.3m was repaid there was still a significant contribution of over £6m from the Cryne family towards the running of the club.

    With regards the share issue, this is the owners putting capital in to the club in the form of equity, this is not debt and does not have to be repaid by the club.
     
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