Bad debt 250K – see it now?

[Apollo11]

The new accounts reveal a listing of ‘bad debt’ of 250K for the accounting period they cover. That suggests to me that a quite significant black hole in the club’s finances opened up when Hilton was in charge. I may be interpreting things incorrectly, of course… and I’m hopeful Hilton cultists will be able to explain it in full.

[64]

Zero to £250k in 12 months? Wtf

[Iron-awe]

Over to you Awaywego

[64]

Iron Bru Spent it

[Siderite]

Bru’s hounding of him made him do it. If only we shut up and didn’t ask questions so he could create more astonishing debt.

[64]

Bad debt is a fairly vague term

[Apollo11]

64 wrote:

Bad debt is a fairly vague term

Trying to make it clear without saying it explicitly, imho

[Apollo11]

Burner accounts have fired up…

[Apollo11]

64 wrote:

Bad debt is a fairly vague term

Isn’t ‘bad debt’ also sometimes used as the accounting term for inexplicably absent money?

1 user thanked author for this post.

iron insider

[Harrytheiron]

How much do Rolls Royce’s cost?

[64]

It’s suggests a debt unlikely to be paid,it would suggest then that United are owed? Can’t see them putting that if they owe somebody as they’ve been paying

2 users thanked author for this post.

BigLeftToe, Awaywego

[iron insider]

The Hilton fan boys enabled this. You know who you are.

[Harrytheiron]

iron insider wrote:

The Hilton fan boys enabled this. You know who you are.

there were Maw of them at the time than claim they were now.

[64]

Certainly a confusing term

[Siderite]

Apollo11 wrote:

Burner accounts have fired up…

Super Dave. Cringeworthy.

[sufc_not_on_tour]

£250k, tip of the iceberg.

[64]

I think it’s best we don’t guess

[sufc_not_on_tour]

64 wrote:

I think it’s best we don’t guess

I’m not guessing!

[64]

Until we get verified facts, we’re all guessing or lying as far as us staying out of court is concerned

[64]

Kieran Maguire on Humberside
Club written off 250k from one person that owed the club money. Half the yearly losses.

[Awaywego]

Wow really, that makes the Hilton Harness year a great achievement, £250,000 you say. What’s that then £21000 a month Mmmm remind me how much were losing at the moment £65,000 I believe Michelle said.

[Apollo11]

64 wrote:

Kieran Maguire on Humberside
Club written off 250k from one person that owed the club money. Half the yearly losses.

… and a carefully worded half of the story.

[iron insider]

Awaywego wrote:

Wow really, that makes the Hilton Harness year a great achievement, £250,000 you say. What’s that then £21000 a month Mmmm remind me how much were losing at the moment £65,000 I believe Michelle said.

You are missing the point.

[64]

He’s not,he’s ignoring them

[Deereyme66]

Did Kieran mention ‘shitbergs’?

2 users thanked author for this post.

ironingboard, iron insider

[Awaywego]

If Swann was here he’d be litigating to get the money.
Guess Michelle hasn’t got the balls.

[Awaywego]

Just a thought, both the catering manager and the head of football operations were sacked during the reporting period.

[sufc_not_on_tour]

Awaywego wrote:

Just a thought, both the catering manager and the head of football operations were sacked during the reporting period.

No they weren’t!

[Deereyme66]

Lol, this you on the high bar and nosediving awaywego?

[Awaywego]

What Deerey against my favorite ex employee Lol.

[Author]

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