I'll but you straight as you quite evidentially don’t have a clue how business accounting is formulated and conducted at this level
Would you like some tips regarding grammar and spelling?
At this level !!! you are having a F***ing laugh, it is crystal clear you get what you pay for and if for some reason you see a weakness in the buyers status you take full advantage, which NESV did and got the club at a give away price. They are being rewarded in the respect of the current market value of LFC plc and they could sell now and make a profit.
FSG or New England as it was purchased the club for £297m
They further cleared o/draft, historic commitments and debentures of a further £190m, not to mention the £50m loss recently announced.
See above.
That makes there total purchase in the realm of £500mil ish. Mr. Torres was part of that asset they initially purchased and any redemption of those assets goes against that out lay, and not some imaginary transfer account thought up by zealot LFC fans FM.
Mr Torres would indeed be seen as part and parcel of the deal but his increased worth when realised was some time later, so how you work that with your incisive business knowledge in respect of multi million pound deals is puzzling.
Inthe real world FSG have written cheques for some upwards £120+m and that’s how FSG will see it and account for it. Not your convenient "back of a fag packet" accounting exercise.
You get what you pay for but NESV got a sound business proposition for a bargain price by taking advantage of the massive fraud that H&G had engineered, once that had been unravelled LFC was once again a nice little earner, they wouldn't part with a cent unless the asset was sound and LFC stands by it's name.
How far back do you want to go? If you examine the accounts say the day after the club was purchased it makes uncomfortable reading, compared with recent market results the brand if you will. goes from strength to strength.
Now you were saying something about intelligent debate.......
Your final comment is of no credit to you whatever.
« Last Edit: May 27, 2012 01:55:18 pm by stuey »
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