militantcanary 0 Posted October 29, 2016 Apart from the utterly scandalous payment to someone who who got pissed up and appeared to do a runner with the player contracts the most eye catching feature is the transfer feesUnderneath is the payments due to us and which we have to pay for the next few years17 DEBTORSGroup Company2016 2015 2016 2015£''000 £''000 £''000 £''000Trade debtors 6,666 7,632 6,666 7,632Player debtors 22,051 7,090 22,051 7,090Amounts due from subsidiary undertakings - - - -Deferred tax asset - 561 - 561Other debtors 501 702 412 602Prepayments and accrued income 686 834 686 834Corporation tax - 2,739 - 2,739Forward contracts 195 - 195 -30,099 19,558 30,010 19,458Included in player debtors above are amounts totalling £7.6 million (30 June 2015: £nil) falling due after more thanone year.18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEARGroup Company2016 2015 2016 2015£''000 £''000 £''000 £''000Bank overdrafts 2,682 - 2,682 -Directors’ loans - 1,989 - 1,989Trade creditors 1,483 1,688 1,483 1,688Player creditors 23,752 10,664 23,752 10,664Receipts in advance 11,276 14,489 11,276 14,489Other taxes and social security 9,656 5,769 9,656 5,769Corporation tax 47 - 47 -4.5% ''B'' preference shares of £1 each 1,430 1,421 1,430 1,421Dividends payable on shares classifiedas financial liabilities 58 58 58 58Other creditors 335 357 335 357Amounts owed to subsidiary undertakings - - 483 350Accruals and deferred income 8,621 19,157 8,480 19,01359,340 55,592 59,682 55,798Directors’ loans of £1,989,000 were repaid during the year.The 4.5% ‘B’ preference shares of £1 each are classified as repayable within one year. Where valid requests havebeen received, subject to the Company being permitted to do so in accordance with its Articles of Association,redemption will (subject to when the valid request was received) take place on 1 January 2017.The bank overdrafts are secured by an assignment of future Premier League parachute payments. NORWICH CITY FOOTBALL CLUB PLCNOTES TO THE ANNUAL REPORTFor the year ended 30 June 2016Page 2919 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEARGroup and Company2016 2015£''000 £''000Receipts in advance 50 1705.25% ''A'' preference shares of £1 each 10 10Accruals and deferred income 1,031 393Player creditors 890 1,4811,981 2,054The amounts falling due after more than one year fall due for repayment as follows:Group and Company2016 2015£''000 £''000In one to two yearsReceipts in advance 50 120Accruals and deferred income 685 120Player creditors 518 8721,253 1,112Group and Company2016 2015£''000 £''000In two to five yearsReceipts in advance - 50Accruals and deferred income 346 273Player creditors 372 609718 932Group and Company2016 2015£''000 £''000In more than five years5.25% ''A'' preference shares of £1 each 1So I read this that we have 22M coming to us of which 7.6M fall due after more than 1 yearAnd 23.75 M payable within 1 year, 890K with 1 to 2 yearsand then about 1.8M thereafterSo that''s an inbuilt net debt of 3.4MWe then come to contigency fees25 CONTINGENT LIABILITIESAdditional payments amounting to a maximum of £17,481,540 (2015: £8,415,900) will become payable if certainconditions in transfer and player contracts at 30 June 2016 are fulfilled. Additional signing on fees up to amaximum of £5,898,400 (2015: £8,409,400) will become payable to players subject to the terms and conditions oftheir contracts being fulfilled.And then finally recent signings transfer dealings:30 POST BALANCE SHEET EVENTSTransfer of players’ registrationsSubsequent to the year end the Group has acquired the registrations of players S Canos, N Oliveira, A Pritchard, MMcGovern and P Jones.In addition to N Redmond, whose registration was sold pre year end, subsequent to the year end the Group sold theregistration of R Van Wolfswinkel and cancelled the registration of V Odjidja Ofoe.The net payment to which the Group is committed to in respect of these transactions is £12.6m with a maximumfurther amount due of £9.0m dependent on Club and/or player performance.That''s a total of 26.M further transfer fees contigent on various factors, rummoured to include 2M on Canos aloneI notice that there is no apparent contingent transfer fees coming to us on transfers. I also notice that we cancelled Ofoe''s contract which i find a disgrace and spend 12.6 on fees in the Summer up front so it looks like the Oliveria deal is very top loaded on us and him doing certain unspecified thingsAny comments, I think the amount of contingency fees are absolutely massive personally though there is a school of argument which says most is dependent on promotion and if we get that who cares I guess Share this post Link to post Share on other sites
morty 0 Posted October 29, 2016 There are no certainties in football transfers, even less so if you shop in the bargain basement, unfortunately.You win some, you lose some. Share this post Link to post Share on other sites
militantcanary 0 Posted October 29, 2016 We are hardly shopping the bargain basement surely!!Klose 7.6MNaismith 8.5Pritchard 8?plus Pinto, Canos and Oliveria for another 10M approxthat serious money for this level, look at all our opponents this year apart from 2We are committed to a big expenditure and if we don''t go up on the next 2 years we will have to make some v big sales to rebalance Share this post Link to post Share on other sites
