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CPFC 2010 Accounts Overdue
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 Midlands Eagle  19 Jun 18 12.43pm |
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I've just had my email to say the accounts have been filed and will be available in five days.
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| Ginger Pubic Wig Wickham de L'Ouest 19 Jun 18 1.51pm |
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huzzah. well done palace. better late than never.
If you want to live in a world full of kindness, respect and love, try to show these qualities. |
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| bexleydave Barnehurst 19 Jun 18 2.12pm |
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Originally posted by Midlands Eagle
I've just had my email to say the accounts have been filed and will be available in five days. That's good.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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| Spiderman Horsham 19 Jun 18 3.55pm |
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Originally posted by Cucking Funt
What is it about this club that makes it so attractive to spivs? Don't do yourself down Cucking!
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kenbarr  Jackson Heights, Queens, New York ... 19 Jun 18 5.04pm |
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Originally posted by Midlands Eagle
I've just had my email to say the accounts have been filed and will be available in five days. So did I. It said the next deadline was March of 2019.
Divorced...And LOVING it! |
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| Midlands Eagle 20 Jun 18 6.35am |
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The accounts are now available at Companies House. They have been signed by both Steve Parish and the auditors on 14th June 2018 so there was obviously something financial within the club that the two parties disagreed over which was what delayed the finalising and signing off of the accounts. The club made a reasonable profit and the only possible contentious comment that I spotted was:- During the year the club performed well both on the pitch as well as financially and there were also matters that were resolved which benefitted the club significantly. One of these was a major income through a third party proposed investment. Whilst this investment was not completed it resulted in a large deposit being retained by the club. There were no details given about the amount of this deposit or whether it was taken into profit or not
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Y Ddraig Goch  In The Crowd 20 Jun 18 7.32am |
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Interesting that gate receipts down even though attendances up. 82% of income through TV, That needs to change long term
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| Y Ddraig Goch In The Crowd 20 Jun 18 7.33am |
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A very good thread, breaks the accounts down [Tweet Link]
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| Midlands Eagle 20 Jun 18 7.48am |
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Originally posted by Y Ddraig Goch
A very good thread, breaks the accounts down It omits to mention that the operating profit includes a £4m award against our former manager which is effectively 40% of the club's net profit for the year. I wonder whether that was the sticking point between directors and auditors as the latter may not have wanted to include it in profits if it hadn't been paid
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| Midlands Eagle 20 Jun 18 8.07am |
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Total key management personnel compensation of £2.1m was paid in the year which I assume is Pardew's payoff Highest paid director was paid £2,150,000 (presumably Parish)which was re-invested back into the club. I might be missing something as I don't see the point in this as £1m in income tax was payable on the salary. Why not take nothing and save the £1m?
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| Y Ddraig Goch In The Crowd 20 Jun 18 8.07am |
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Originally posted by Midlands Eagle
It omits to mention that the operating profit includes a £4m award against our former manager which is effectively 40% of the club's net profit for the year. I wonder whether that was the sticking point between directors and auditors as the latter may not have wanted to include it in profits if it hadn't been paid If you click on the link (there's quite a few tweets) he covers that off, calls Pulis odious
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| Rudi Hedman Caterham 20 Jun 18 8.30am |
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Originally posted by Midlands Eagle
Total key management personnel compensation of £2.1m was paid in the year which I assume is Pardew's payoff Highest paid director was paid £2,150,000 (presumably Parish)which was re-invested back into the club. I might be missing something as I don't see the point in this as £1m in income tax was payable on the salary. Why not take nothing and save the £1m? Well that’s gone up. Things have obviously changed to Parish since his share has decreased, even though the club will be worth more after the new stand is finished. There’s still the threat of relegation and being in a position of soon to be a loss making business. People will also complain Parish haggles over minuscule sums in relation to where we are but this is a comparable sum. I’m not too fussed personally. If the club is run well. If it’s run like a Leeds or Portsmouth then it wouldn’t sit well, even though he owns 18% isn’t it?
COYP |
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