Parachute payments won't be in the debtors amount as at 30 June 2022

They'll be recognised as revenue in the year they are due to be received.

I'm sure you know that already though, just for anyone reading what you've posted that wouldn't know.

Posted By: SimonOTBC on October 11th 2023 at 14:31:21

Message Thread

Hugely grateful for Webber but quite excited about new sporting director … (NCFC) - loz, Oct 11, 08:31:09
- Hopefully reach the same summit (n/m) (NCFC) - Lentil Weaver, Oct 11, 11:54:36
- Who is it? I seem to have missed that news. (n/m) (NCFC) - CB41, Oct 11, 10:46:45
  - Brom knows (n/m) (NCFC) - Graham Nine, Oct 11, 18:24:36
  - Ah, googled it init (n/m) (NCFC) - CB41, Oct 11, 10:49:07
    - Crikey, he looks so young. Will he need time off to do his A levels? (n/m) (NCFC) - CB41, Oct 11, 10:50:10
      - Whether he ends up being good or not... (NCFC) - SimonOTBC, Oct 11, 10:58:41
        
        Is Neil Adams going to follow him around now? (NCFC) - ParrotPuncher, Oct 11, 11:08:30
- With regard to the Colney Redevelopment (NCFC) - Old Splat, Oct 11, 10:02:18
  - Lovely old casual sexism there. Her name is Zoe, its quicker to type than wife. (n/m) (NCFC) - megson, Oct 11, 16:14:31
  - What massive debt? (NCFC) - SimonOTBC, Oct 11, 10:42:01
    - There is clearly a gap between Income & Spend (NCFC) - Henclrikus, Oct 11, 12:21:44
      - Of course, but that's a different point (NCFC) - SimonOTBC, Oct 11, 12:44:11
        
        Debt is a fiscal obligation that is yet to be paid (NCFC) - Henclrikus, Oct 11, 13:07:40
        
        The distinction I'm making.... (NCFC) - SimonOTBC, Oct 11, 13:24:21
        
        Exactly seems obvious to me the point you are making (n/m) (NCFC) - loz, Oct 11, 13:45:40
      - ^^ VMT ^^ (n/m) (NCFC) - JD3, Oct 11, 12:31:40
    - Don't we owe the Attanasios £33m? (NCFC) - jamesward, Oct 11, 12:17:51
      - Isn't that just the same debt that was raised against the parachute payments? (NCFC) - SimonOTBC, Oct 11, 12:47:22
        
        Not sure. This is what was written at the time (NCFC) - jamesward, Oct 11, 12:52:20
        
        Where is that from? (NCFC) - SimonOTBC, Oct 11, 13:15:30
        
        IIRC that was last year's accounts (NCFC) - Henclrikus, Oct 11, 13:23:02
        
        Yes, that would make sense (NCFC) - SimonOTBC, Oct 11, 13:25:24
        
        Yes that was EDP from then (NCFC) - jamesward, Oct 11, 13:25:21
        
        No chance one parachute payment clears our debt (NCFC) - Henclrikus, Oct 11, 14:24:24
        
        Parachute payments won't be in the debtors amount as at 30 June 2022 (NCFC) - SimonOTBC, Oct 11, 14:31:21
        
        I was just comparing our future (committed) income from players (NCFC) - Henclrikus, Oct 11, 14:41:10
        
        Oh yes, I do agree (NCFC) - SimonOTBC, Oct 11, 14:33:05
        
        Yes, we agree on the facts (NCFC) - Henclrikus, Oct 11, 14:35:59
        
        Meant to reply to Heclrikus below rather than to myself!!! (n/m) (NCFC) - SimonOTBC, Oct 11, 14:35:54
        
        You could well be right (NCFC) - SimonOTBC, Oct 11, 14:01:17
        
        Two paragraphs later in same article (NCFC) - jamesward, Oct 11, 14:07:55
        
        As Loz says, that's just a fact of being in the Championship (NCFC) - SimonOTBC, Oct 11, 14:21:58
        
        As NCFC will be briefing the journos (NCFC) - Henclrikus, Oct 11, 14:29:26
        
        That’s common sense though isn’t it ?… (NCFC) - loz, Oct 11, 14:14:00
        
        Well, up to a point yes (NCFC) - jamesward, Oct 11, 16:39:49
        
        "the debt situation" (NCFC) - Cardiff Canary, Oct 11, 19:09:06
    - Yes because that cash can't be ringfenced to pay off debt. Needed for Working Cap req'ts. (NCFC) - JD3, Oct 11, 11:52:05
      - Of course it can, no lender would advance the funds if the cash weren't ring fenced (NCFC) - SimonOTBC, Oct 11, 11:56:36
        
        Will we need lots of cash from elsewhere to fund our day-to-day spending then (n/m) (NCFC) - JD3, Oct 11, 12:35:10
        
        Absolutely, that's why sold Aarons and Omabamidele (NCFC) - SimonOTBC, Oct 11, 12:42:37
    - Possibly the perception we have squandered our position (NCFC) - CWC, Oct 11, 11:10:25
      - Totally agree with that, CWC (NCFC) - SimonOTBC, Oct 11, 11:58:24
    - Aye but that doesn’t suit agenda (n/m) (NCFC) - loz, Oct 11, 10:46:43
  - Zoe Webber widely credited with coming up with that scheme with Tom… (NCFC) - loz, Oct 11, 10:04:44
- Hopefully he can help us back into the Prem and do something Webber failed at. (NCFC) - norwaay, Oct 11, 09:49:35
- But do we actually need one (NCFC) - inutero, Oct 11, 09:34:42
  - Just totally incorrect......... (NCFC) - usacanary, Oct 11, 13:57:23
    - 👍 (n/m) (NCFC) - Captain Bligh, Oct 11, 18:58:50
  - Football loves creating jobs (NCFC) - Henclrikus, Oct 11, 12:14:23
  - Almost every promoted team (NCFC) - Captain Bligh, Oct 11, 10:33:05
    - I think Luton have realized this..... (NCFC) - usacanary, Oct 11, 14:05:27
    - Innit bruv (n/m) (NCFC) - Old Git, Oct 11, 10:37:42
  - It's interesting isn't it, that maintaining a level at the top of the champ (NCFC) - Knitted Jesus, Oct 11, 09:44:03
    - Agree with this. 92 clubs and we are generally in the top 25 (NCFC) - MonkeyPuzzle, Oct 11, 11:20:33
    - First it was top 26, then it was top 17, now it's not really anything. (NCFC) - norwaay, Oct 11, 09:52:44
      - I completely agree with that (NCFC) - SimonOTBC, Oct 11, 10:51:25
        
        Benham who owns Brentford is worth 220M? Used to work with Tony Bloom (Brighton) (NCFC) - Knitted Jesus, Oct 11, 11:00:25
        
        This “worth 700m” thing (NCFC) - Henclrikus, Oct 11, 12:11:25
      - Yeah good points. (n/m) (NCFC) - Knitted Jesus, Oct 11, 10:20:17
- He’s a stats guy? (n/m) (NCFC) - SCC 28, Oct 11, 08:55:23
  - He thinks xG is toss though. (n/m) (NCFC) - Pixelman, Oct 11, 10:31:47
    - I fucking like him already.... (n/m) (NCFC) - usacanary, Oct 11, 18:58:00
    - Lies (n/m) (NCFC) - SCC 28, Oct 11, 10:36:43
  - Yes. Worked for Prozone initially (NCFC) - jamesward, Oct 11, 08:56:51
    - That's interesting,but I thought there was movement away from such regimented football, (NCFC) - protheroe fitzgibbon, Oct 11, 09:08:19
      - Isn't that how Brentford and Brighton operate? (NCFC) - SimonOTBC, Oct 11, 10:53:09
    - Fantastic (n/m) (NCFC) - SCC 28, Oct 11, 09:08:06
    - South coast jizz tsunami incoming (n/m) (NCFC) - Adster, Oct 11, 09:00:28
      - Let’s not get too carried away (n/m) (NCFC) - SCC 28, Oct 11, 09:09:03
      - 😂😂😂😂 (n/m) (NCFC) - protheroe fitzgibbon, Oct 11, 09:06:42
- Feel the same. Webber brought a new level to that role. (NCFC) - MonkeyPuzzle, Oct 11, 08:50:05
  - Yeah and the yanks are very data driven too with their baseball (NCFC) - Knitted Jesus, Oct 11, 09:35:38

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