Since 62's commentary on club accounts y/e 31/5/19.

[The Hooded Claw]

Does the £19.5m Sala provision include a sum for the Sala Trust Fund announced at the fans meeting with MD and KC prior to the Reading cup game ? The provision will probably include £15m (?) transfer fee plus ongoing legal costs up until the CAS hearing. MD was at pains not to reveal how much the Trust was. If the provision for something they consider unlikely to happen is “prudent” surely they would provide for something that is definite. If it hasn’t been provided for then it will be a hit on the accounts at a later date when parachute payments have reduced significantly. Perhaps Keith is aware ?

A Provision should only be for something that has not yet happened. Obviously, at the date of the accounts, the money for the trust had not yet been paid, but I would expect the Provision to be the full transfer fee plus interest potentially due to Nantes.

[Since62]

A Provision should only be for something that has not yet happened. Obviously, at the date of the accounts, the money for the trust had not yet been paid, but I would expect the Provision to be the full transfer fee plus interest potentially due to Nantes.

The Sala fund didn`t exist as at 31 May 2019 and so no allowance for it in the accounts. The Sala transfer had occurred as an event and so , even though not believed to be payable by the club , was prudently accounted for.