Rival Watch

[Clyde1998]

Also strong rumours on the Exeter forum they'll've run out of short money in November. Most of their board has resigned (albeit no public statements yet).

Seems to heavily relate to a tax issue where you have to pay the entirety of a transfer fee at the time the deal is done, even if you've not received the payment yet (as most transfer fees are in instalments). Worse is it wasn't even a transfer Exeter were directly involved in: as a result of Jay Stansfield being signed by Birmingham for £15m+, Exeter are receiving a sell on fee. It's the tax on that sell on fee receipts that's causing their issues.

Apparently their plan to get a loan didn't get approval.

I guess its seen as a "debtor" in a standard balance sheet so taxable now.

In other news, Jack Wilshire is the new Luton manager....tough first gig.

I think it's because football clubs have to account for transfer income when the deal is announced, but can amortise outgoing transfer fees. Exeter wouldn't have the accumulated losses of most clubs to effectively avoid paying the tax on transfer income.

[Dirk Gently]

Also strong rumours on the Exeter forum they'll've run out of short money in November. Most of their board has resigned (albeit no public statements yet).

Seems to heavily relate to a tax issue where you have to pay the entirety of a transfer fee at the time the deal is done, even if you've not received the payment yet (as most transfer fees are in instalments). Worse is it wasn't even a transfer Exeter were directly involved in: as a result of Jay Stansfield being signed by Birmingham for £15m+, Exeter are receiving a sell on fee. It's the tax on that sell on fee receipts that's causing their issues.

Apparently their plan to get a loan didn't get approval.

I guess its seen as a "debtor" in a standard balance sheet so taxable now.

In other news, Jack Wilshire is the new Luton manager....tough first gig.

I think it's because football clubs have to account for transfer income when the deal is announced, but can amortise outgoing transfer fees. Exeter wouldn't have the accumulated losses of most clubs to effectively avoid paying the tax on transfer income.

Also, don't forget that Exeter are owned by their Supporters' Trust, which means that they don't have access to the same kinds of credit that sugar-daddy ownership brings.

[tidus_mi2]

An almost Shrewsbury-esque collapse by Huddersfield last night, went to bed when they were 1-0 up in the 90th minute, found out this morning they managed to lose it 2-1.

[Mid Sussex Royal]

An almost Shrewsbury-esque collapse by Huddersfield last night, went to bed when they were 1-0 up in the 90th minute, found out this morning they managed to lose it 2-1.

Bolton looked decent I thought....and that's a team with as high a player turnover as us in the summer.

[Hound]

Couple of good goals from them at the end. Did seem a pretty standard 1-0 win until that last few mins I thought. Didn’t really see those goals coming

[South Coast Royal]

An almost Shrewsbury-esque collapse by Huddersfield last night, went to bed when they were 1-0 up in the 90th minute, found out this morning they managed to lose it 2-1.

Bolton looked decent I thought....and that's a team with as high a player turnover as us in the summer.

They seem to have got the better loanee from Brighton than we did.