• Thank you very much | Diolch yn fawr

    All at JackArmy.net would like to thank everyone who has played a part on this site over the past 25 years whether that is through writing, contributing, moderating, posting or just visting and reading.

    Without any of you the work that has gone into the site would have been pointless and we will always be proud that we built, generated and managed a community that was such a big part of the Swansea City supporting life for so long.

    It has been a pleasure to bring to you the site for so long but the time is now right to turn the lights out for the last time but we do it both with a heavy heart and a sense of pride driven by the so many messages received since we announced the closure.

    The site will remain here for a period until we archive and mothball it for the last time later this summer but all aspects are in a read only format.

    Thank you though for all the memories

    Phil Sumbler
    Owner, jackarmy.net

Wrecsam

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Londonlisa2001 said:
Not making comment on Wrexham’s finances, but the ‘fact’ going round that Wrexham have only made a loss dues to repayment of owners’ loans cannot be correct as repayment (or receipt) of a loan does not affect profit or loss. It’s a balance sheet and cash flow issue.

In the same way an owner putting in equity also does not affect profit and loss.

Rules are around profit and loss as well as cash flow. Owners can directly affect one (cash flow) but not the other.

Where Wrexham do win out is their ability to attract sponsorship due to their owners. Sponsorship income does affect profit and loss and allows them to spend more and remain within rules.
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Thanks for the clarification. I looked at some of the articles written when the accounts were published and where the repayment of loans was mentioned, I overlooked this bit: "According to the strategic financial report accompanying the accounts, a key event after the financial year end was the repayment of loans from Reynolds and McElhenney, that had grown to £15m.".

I didn't clock that meant the repayment of loans wasn't actually in the accounts.
 
JackSomething said:
Thanks for the clarification. I looked at some of the articles written when the accounts were published and where the repayment of loans was mentioned, I overlooked this bit: "According to the strategic financial report accompanying the accounts, a key event after the financial year end was the repayment of loans from Reynolds and McElhenney, that had grown to £15m.".

I didn't clock that meant the repayment of loans wasn't actually in the accounts.
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It’s not that repayment isn’t in the accounts because of timing, it’s that repayment will never be included in the profit and loss account because it’s not a profit and loss item and therefore can’t be included. It only affects to the balance sheet and the cash flow. Rules are largely around profit and loss for football clubs and their ability to spend.

Them loaning the club money (which was ‘repaid’ as they converted it into shares instead by the way) doesn’t affect their profits. Ever. So it can’t be used to, for example, pay a load of players if they don’t earn the revenue to support it.

Added - the only aspect of owners loans which does affect the profit and loss is interest on those loans which are substantial as R&R are charging 3% over Bank of England base rate.

I’ve just had a Quick Look and despite large commercial income for the division, the club are making a relatively substantial loss. They are only a going concern because the owners have committed to support the club, same as us.
 
Where do we see them finishing? I think they'll stay up fairly comfortably, probably around 15th-16th.
 
MrSwerve said:
Where do we see them finishing? I think they'll stay up fairly comfortably, probably around 15th-16th.
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6th, I think a lot of people are going to be massively surprised by their signings etc. Ideally they go big on a few flops and struggle at the lower end, proper introduction to championship football that would be
 
I was told a few weeks back that if they go up then they are going to push hard to sign Kieffer Moore, supposedly there has already been dialogue between the 2 camps.
 
They're going to have to revise their recruitment strategy to be competitive in the Championship.
They've consistently bought in players capable of playing a division higher than where they currently are.
I doubt they're going to be able to convince active PL players to drop down to join them, unless they're offering ridiculous wages.
Someone like Vardy could go there.
I suspect now they'll start to look abroad.
 
AusinIsOurHero said:
They're going to have to revise their recruitment strategy to be competitive in the Championship.
They've consistently bought in players capable of playing a division higher than where they currently are.
I doubt they're going to be able to convince active PL players to drop down to join them, unless they're offering ridiculous wages.
Someone like Vardy could go there.
I suspect now they'll start to look abroad.
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I don't think they have the recruitment teams in place to recruit outside the UK, although I daresay that's something they plan to change. So far all players recruited have been UK based.

I think they will finish top half. They will make a number of eye catching signings of top Championship performers, or at least above average ones. It would not surprise me if they go after Tymon, as I doubt MacLean can play 90 minutes games in the Championship any more. Tymon and Kieffer Moore could be a potent combination.
 
I should imagine a fair few clubs inflating the prices of their players should Sexy Wrexy come calling.
 
monmouth said:
I should imagine a fair few clubs inflating the prices of their players should Sexy Wrexy come calling.
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I think that started a while back. Reading got them to pay over £2m for Sam Smith (not that one) in January. He may well be a good player at Championship level next season, but he's 27, has never played above League 1, and had a solid not spectacular record of 11 goals in 26 games when Wrexham signed him for that big fee.
 
Josh Sheehan is the one I was trying to think of, I think he was hoping to go there last year.
 
The biggest problem Wrexham will have is the manager. It sounds a bit daft after three straight promotions, but I'm not sure about Phil Parkinson at Championship level. Besides that, good luck to them, and I hope they finish next season one place behind us.
 
Neath_Jack said:
How do you define Welsh? They were always the bulk of Wales football fans back in the day, biggest Welsh speaking areas in Wales, you’ll never see a Union Jack in their support (unlike ours) sing Welsh songs / chants during their games and always have.

Tell me, what’s not Welsh about them?
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Fucking hell bro calm down, it was said in jest.
 
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