Quote Originally Posted by Fist of Lehmann View Post
£150 includes stadium naming rights extension.

One thing I don't get. Why did they ask for the deal to be so heavily front-loaded again? After the self same thing fucked us over last time?
It fucks us over in terms of cash flow. However the overall amount needs to be accounted for in each of the accounting years covered by the deal.

So even though we are accounting for income on the current deal and this goes towards any profit or loss, we aren't getting the liquid funds because the bulk of these will have been received years ago.

So, when we report a £30M profit for the current year, while correct, some of this profit will relate to funds received years ago so go no way towards our current liquidity.

Excuse the briefness of the accounting explanation, it is tough to do on a phone. But yeah, you are right, we are about to repeat the past and could store up future liquidity problems while turning what on the face of it looks like healthy profits.

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