Glazer dividends

Devon’s answer is a crock of shiite by the way
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There's a fecking surprise.

comment by vidicthelegend VIVA LA REVOLUTION (U8735)
posted 6 minutes ago
I’m an accountant by trade and the answer is quite complex, but the short answer is distributable profits are different from reported profits (or losses).

Devon’s answer is a crock of shiite by the way.
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I saw something the other day that suggested they may have reassigned certain expenditure as a benefit. I'm not explaining it at all well.

comment by vidicthelegend VIVA LA REVOLUTION (U8735)
posted 7 minutes ago
I’m an accountant by trade and the answer is quite complex, but the short answer is distributable profits are different from reported profits (or losses).

Devon’s answer is a crock of shiite by the way.
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This, plus you can make a loss in a year and still pay out dividends from your retained earnings (i.e.accumulated profits from prior periods)

United could have probably sealed the De Jong deal by now if this divvy wasn't taken and the money re-invested elsewhere in their business.

comment by -bloodred- (U1222)
posted 1 hour, 20 minutes ago
Devon’s answer is a crock of shiite by the way
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There's a fecking surprise.
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Where are you getting that from?
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In jest, why would it surprise anyone that lot wouldn't get a free transfer in to try deflect today

I despise the Glazers more than most on here, if not everyone, but them taking £20m per year out for the club for themselves isn't actually what's the issue with the club's lack of transfer business.

It's the fact they have had the most incompetent people in football working underneath them who get taken for a ride by every football club in Europe.

Arnold and his new team will sadly pay the price for the years of mismanagement from Woodward and Judge. Clubs take advantage of us when it comes to taking our players (usually on loan) and selling them to us (ridiculous valuations).

The future isn't a bright one I'm afraid. We will never be top dogs again whilst they remain in charge.

comment by Glazers Out (SE85) (U21241)
posted 53 minutes ago
I despise the Glazers more than most on here, if not everyone, but them taking £20m per year out for the club for themselves isn't actually what's the issue with the club's lack of transfer business.

It's the fact they have had the most incompetent people in football working underneath them who get taken for a ride by every football club in Europe.

Arnold and his new team will sadly pay the price for the years of mismanagement from Woodward and Judge. Clubs take advantage of us when it comes to taking our players (usually on loan) and selling them to us (ridiculous valuations).

The future isn't a bright one I'm afraid. We will never be top dogs again whilst they remain in charge.

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It's a mixture of things. Presiding over a sporting organisation with shocking lack of professionalism and extraction of wealth are two things. Structuring the takeover in a way that renders the club above all a vehicle for debt repayment in another.

Just to echo vidic, I’m a chartered accountant and Devon’s answer - that dividends are paid out of revenue - it total balls. As you noted, that would further compound a loss; those losses (assuming the accounting loss translates into a tax loss) are available for offset against your corporation tax liability, so that would give literally every corporation in the UK and incredibly simple and legal mechanism of paying 0% tax every single year.

Dividends are paid after tax; tax is levied on profits. You’d need to have historic distributable funds (the easiest analogue for this being Retained Earnings) and the cash (or the ability to obtain credit) in order to pay a dividend.

Standard etiquette, of course, is that you don’t pay dividends in a loss making period for very obvious financial and ethical reasons, but we know the score by now.

comment by vidicthelegend VIVA LA REVOLUTION (U8735)
posted 4 hours, 11 minutes ago
I’m an accountant by trade and the answer is quite complex, but the short answer is distributable profits are different from reported profits (or losses).

Devon’s answer is a crock of shiite by the way.
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You are of course right ! Not sure what i was thinking