(13-07-2018, 20:57)Phil Penn Wrote:

(13-07-2018, 20:32)Zinman Wrote: Where do you get your £95m? I believe the parachute payment for this year is £40m - which just about equates to your estimate of our wage bill. Secondly, yes Lai could appoint himself as an employee of the club and pay himself a massive salary....and pay a huge amount of tax. This would also be apparent from the company's accounts. If he had wanted to do this why didn't he last year? Or, he could declare a dividend (we haven't paid a dividend for about 15 years) - again, if he wanted to (and it would also need to be paid to the minority shareholders) why hasn't he previously done so?
The only way Lai gains from his investment is to get us back to the premier league - under the scenario you have selected he has merely reduced the value of his investment by reducing the net worth of the club.
Not getting at you personally but there is no evidence that any of what you suggest is happening or going to happen. Personally I don't tend to worry about pure speculation.

I got the figures from https://www.totalsportek.com/money/premier-league-prize-money/ I have not checked, but believe this will be distributed in 3 equal payments throughout the coming season? Unless i've lost the plot? I'm unsure the value of or the payment dates for parachutes. 
Have I made some massive error with the figures? I wouldn't want to mislead anyone, let alone myself.
Your correct in stating nobody knows whats going to happen, none of us knows whats going to happen tomorrow.
Sincere apologies if I have upset anyone that's not the intention.

---

(13-07-2018, 20:56)Zinman Wrote: The £100m was paid throughout the year and is accounted for in 2017/18 accounts, it doesn't just come in in one huge payment. We are expected to make a loss in 2017/18 (with the £100m income) and, if reports are to be believed, will end the year with a (small) amount of debt. Last season's TV income is irrelevant to next season.

Looks like i'm talking rubbish, I am going to have to backtrack now as I am confused as to how I could have made such a fundamental error with the payment dates.

---

(13-07-2018, 20:39)Beefy 1965 Wrote: Zinny WBA collected almost 100 million for finishing bottom !!,
I dont think we get the first parachute payment until the end of the season,
If we do get it sooner plus the 100 million from finishing bottom ..
Bonus  

I do know the parachute payments are 1st year 55% 2nd year 45% 3rd year 20% based on last PL prize money.
I don't know the dates they are paid though (I'm searching for the info)

---

The calculations do not include all parts of the last PL prize money (facility fees, central commercial money and finishing merit payment are not included in the parachute payment)
So the payments are approx 40 million 33 million and 14 million over the next 3 years - I still cannot find payment actual dates.
As the 2017-18 tax year ended in March/April and final payments are calculated in June I cant see how they are in the previous years accounts / tax returns? Unless the dates are different, but cant see it.
I'm getting more confused - maybe better I go with the flow and say I don't know what I'm talking about.

(14-07-2018, 16:58)Zinman Wrote:

(13-07-2018, 20:57)Phil Penn Wrote:

(13-07-2018, 20:32)Zinman Wrote: Where do you get your £95m? I believe the parachute payment for this year is £40m - which just about equates to your estimate of our wage bill. Secondly, yes Lai could appoint himself as an employee of the club and pay himself a massive salary....and pay a huge amount of tax. This would also be apparent from the company's accounts. If he had wanted to do this why didn't he last year? Or, he could declare a dividend (we haven't paid a dividend for about 15 years) - again, if he wanted to (and it would also need to be paid to the minority shareholders) why hasn't he previously done so?
The only way Lai gains from his investment is to get us back to the premier league - under the scenario you have selected he has merely reduced the value of his investment by reducing the net worth of the club.
Not getting at you personally but there is no evidence that any of what you suggest is happening or going to happen. Personally I don't tend to worry about pure speculation.

I got the figures from https://www.totalsportek.com/money/premier-league-prize-money/ I have not checked, but believe this will be distributed in 3 equal payments throughout the coming season? Unless i've lost the plot? I'm unsure the value of or the payment dates for parachutes. 
Have I made some massive error with the figures? I wouldn't want to mislead anyone, let alone myself.
Your correct in stating nobody knows whats going to happen, none of us knows whats going to happen tomorrow.
Sincere apologies if I have upset anyone that's not the intention.

---

(13-07-2018, 20:56)Zinman Wrote: The £100m was paid throughout the year and is accounted for in 2017/18 accounts, it doesn't just come in in one huge payment. We are expected to make a loss in 2017/18 (with the £100m income) and, if reports are to be believed, will end the year with a (small) amount of debt. Last season's TV income is irrelevant to next season.

Looks like i'm talking rubbish, I am going to have to backtrack now as I am confused as to how I could have made such a fundamental error with the payment dates.

---

(13-07-2018, 20:39)Beefy 1965 Wrote: Zinny WBA collected almost 100 million for finishing bottom !!,
I dont think we get the first parachute payment until the end of the season,
If we do get it sooner plus the 100 million from finishing bottom ..
Bonus  

I do know the parachute payments are 1st year 55% 2nd year 45% 3rd year 20% based on last PL prize money.
I don't know the dates they are paid though (I'm searching for the info)

---

The calculations do not include all parts of the last PL prize money (facility fees, central commercial money and finishing merit payment are not included in the parachute payment)
So the payments are approx 40 million 33 million and 14 million over the next 3 years - I still cannot find payment actual dates.
As the 2017-18 tax year ended in March/April and final payments are calculated in June I cant see how they are in the previous years accounts / tax returns? Unless the dates are different, but cant see it.
I'm getting more confused - maybe better I go with the flow and say I don't know what I'm talking about.

Albion's financial year end is 30th June.

(16-07-2018, 11:49)WBA-Josh Wrote: Kyle Bartley has signed.

https://www.wba.co.uk/news/2018/july/bartley-signs-for-albion/

(16-07-2018, 15:00)Beefy 1965 Wrote: West Bromwich Albion have already bolstered their backline by signing Sam Johnstone and Kyle Bartley.

But, according to reports , they are now in for Huddersfield Town defender Michael Hefele, who is set to enter the final year of his contract.


The 27-year-old German centre-half has fallen behind Christopher Schindler and Zanka in the Terriers pecking order in the Premier League and David Wagner is willing to cash in on him now rather than losing him for nothing next summer.

Despite the new arrivals, Darren Moore is keen to further strengthen the Baggies defence. Albion sold Jonny Evans to Leicester City this summer and released Gareth McAuley, while Craig Dawson and Ahmed Hegazi's futures are still uncertain.