apondaway
Viv Anderson
But would it also cover purchasing Akpom?
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Financial Fair Play (FFP)
- Thread starter Hawkeye1947
- Start date
Bing Crosby's Head
A. Trialist
The £65m is what we paid out to other clubs / agents during the year. The £40m is amortisation of the £170m transfers we made during the year (plus any from previous seasons)
BristolfaninPeace
Youth Team
Here is what I don't get and I assumed the loss would be about £10m lower fwiw. Happy Easter All.
Marinakis is well used to FFP with Olympiakos. UEFA limits are lower or have been than even the EFL £39m let alone the £61m and yeah costs are higher here but it is still a crazily high upsurge in expenditure, not criticising but it is difficult to fathom how income can rise by X and yet expenditure and costs can surge by Y.
Was literally €30m in 3 Years plus Allowables in UEFA.
£39m in 3 Years plus Allowables in Football League.
Obviously the £22m extra on Promotion.
By all means Cat 1 Academy does increase stuff albeit £15m FFP Allowables is quite the increase and this by process of elimination based on the PL Written Reasons which said a £52m P&S Loss for 2022-23. As in a one year one.
Looked more like £5-6m in previous years based on the numbers given in the Written Reasons so that could account for it. £15m could even be the Gross Forecast Loss in those Written Reasons which could ease any Forecast deficit for this year. From the Report.
£15-16m in pre tax losses less £8-8.5m per year Covid, £3m P&S Loss.
£46m and Promotion Bonuses not exempt Covid only £2.5m..that leaves £3.5-4m in P&S.
-£67m losses but Report says 'only' £52m P&S Loss, that leaves £15m in Allowables last season.
Marinakis is well used to FFP with Olympiakos. UEFA limits are lower or have been than even the EFL £39m let alone the £61m and yeah costs are higher here but it is still a crazily high upsurge in expenditure, not criticising but it is difficult to fathom how income can rise by X and yet expenditure and costs can surge by Y.
Was literally €30m in 3 Years plus Allowables in UEFA.
£39m in 3 Years plus Allowables in Football League.
Obviously the £22m extra on Promotion.
By all means Cat 1 Academy does increase stuff albeit £15m FFP Allowables is quite the increase and this by process of elimination based on the PL Written Reasons which said a £52m P&S Loss for 2022-23. As in a one year one.
Looked more like £5-6m in previous years based on the numbers given in the Written Reasons so that could account for it. £15m could even be the Gross Forecast Loss in those Written Reasons which could ease any Forecast deficit for this year. From the Report.
£15-16m in pre tax losses less £8-8.5m per year Covid, £3m P&S Loss.
£46m and Promotion Bonuses not exempt Covid only £2.5m..that leaves £3.5-4m in P&S.
-£67m losses but Report says 'only' £52m P&S Loss, that leaves £15m in Allowables last season.
It's Baggio
John Robertson
I'd imagine the cost of the improvements to the stadium/pitch/training ground done in Summer 2022 would have accounted for a decent chunk of those allowable losses.
Not including Mangala, right?
So we would need to sell someone else for £30m+ by June 30th to avoid another breach?
Sounds like we could be back in front of a commission again next season.
YellowBelly Red
Viv Anderson
Unless they change the rules!
There's a lot of noise now from supporters of other clubs, with regard to having to sell their best players, in order to comply.
I include such clubs as Newcastle, Villa, Wolves and even Man City.
eyupmeduck
Geoff Thomas
The 22/23 accounts don't include Johnsons sale either.
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MaxiRobriguez
Bob McKinlay
Yeah forgot about Mangala.
Other thing is promotion bonuses, which might be a different figure to avoiding relegation bonus, if those exist at all.
So we might not need a big sale, maybe we'd get away with a few smaller ones.
Think the one thing we can say with some certainty is we aren't spending much on new players for the next two years at least.
MaxiRobriguez
Bob McKinlay
The 22/23 accounts don't include Johnsons sale either.
Sent from my SM-G960F using Tapatalk
Yeah but that Johnson sale will be balanced out by the registrations of all the new players we brought in like Sangare, Dominguez, Elanga etc.
Bing Crosby's Head
A. Trialist
Johnson plus others brought in £58.8m and Sangare etc cost £86.5m (so somewhere around £20m amortised). That won't include any of the January transfers though.
BristolfaninPeace
Youth Team
NF Football Investments Accounts are out and can provide a fuller picture.
Losses but also Allowables slightly higher as a result. Includes the post Balance Sheet in and out inclusive of January too given the date.
Losses but also Allowables slightly higher as a result. Includes the post Balance Sheet in and out inclusive of January too given the date.
BristolfaninPeace
Youth Team
BristolfaninPeace
Youth Team
One thing too, in respect of potential Rule Changes.
Events may supersede but the starting point is 14 clubs minimum have to vote for a change. Clubs often vote in their own interests but not always
At a minimum Brentford, Brighton, Liverpool, Tottenham, West Ham are definitely reasonably served by the current setup. You could argue Man City on one level given major profits but on another if it liberalises they can up spending whenever can't they.
You could argue Wolves selling 25-30% of their squad in Summer 2023 would be keen on a change but then again maybe they'd be keen on seeing others having to go through constraints etc.
Burnley, Luton, Sheffield United- some or all surely would prefer the current system if the vote is this season.
Leicester would I'm sure like change! Leeds and Southampton who knows...if the vote is next season and they all return.
Arsenal on paper should welcome the current system but is hard to say in reality.
In short never mind instant change bow are the League going to corral 14 clubs with competing interests. Well maybe it will occur but the thing to remember as it stands is 14/20 is the magic number
Events may supersede but the starting point is 14 clubs minimum have to vote for a change. Clubs often vote in their own interests but not always
At a minimum Brentford, Brighton, Liverpool, Tottenham, West Ham are definitely reasonably served by the current setup. You could argue Man City on one level given major profits but on another if it liberalises they can up spending whenever can't they.
You could argue Wolves selling 25-30% of their squad in Summer 2023 would be keen on a change but then again maybe they'd be keen on seeing others having to go through constraints etc.
Burnley, Luton, Sheffield United- some or all surely would prefer the current system if the vote is this season.
Leicester would I'm sure like change! Leeds and Southampton who knows...if the vote is next season and they all return.
Arsenal on paper should welcome the current system but is hard to say in reality.
In short never mind instant change bow are the League going to corral 14 clubs with competing interests. Well maybe it will occur but the thing to remember as it stands is 14/20 is the magic number
Redemption
Chief Eye Roller
What a great tune!
Bonalair
John Robertson
Can’t see this posted:
https://x.com/kieranmaguire/status/1773605872532394034?s=46&t=xrIBgrPQ1AY0VzTE_KUC2Q
https://x.com/kieranmaguire/status/1773605872532394034?s=46&t=xrIBgrPQ1AY0VzTE_KUC2Q
I may have changed my tune with the deduction, yes it’s very possible we may get a couple back on appeal, but seeing that wage bill is an absolute disgrace. It’s embarrassing. Yes we were trying to compete but we should have competed a different way. We need a recruitment team almost like we had at the start of the window last season, then all hell broke loose and we started signing players off about 28 different lists.
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Notcher
Stuart Pearce
They've been economical with something at least. It's a startJust heard Sean Dyche saying Everton have complied with the premier league and handed over all the information they were asked for……sure they said this first time around when in actual fact they were economical with the truth.
Hope they don’t get fisted again with points …….Honest.
Malwood
Geoff Thomas
How come the squad value counts as 'intangible', please?
Notcher
Stuart Pearce
We'll get £20M for Mangala and the rest from offloading Turner & Vlad. We don't need to sell the family jewels again just yet
Robertson
Viv Anderson
If reports are to be believed, the number of teams that need to sell players to pass the PSR guidelines is starting to rack up. I for one can’t foresee any problems on the horizon with this state of affairs.
SouthManchesterTree
First Team Squad
Gate receipts just £11m. Really important in the Championship but a small proportion of the clubs revenue in the PL. So we could move out of town, get a 45k capacity stadium and make maybe £5m a year more in the PL, or no more money at all in the Championship
Scousers gonna Scouse.
Robertson
Viv Anderson
Waste of time. You either need to be flogging a ton of shirts in Asia (top six), or persuade the PL to wave through £71m a year in exceptional income in the form of interest free loans from subsidiaries (Bournemouth)
Chappers85
Can't Play Left-Back
I've tried not to stick the knife in too much over this whole debacle as my grasp of football finances is very limited, but f*** me, that wage bill is ridiculous. Regardless of the ridiculous profit and sustainability rules, it's pretty clear that this isn't sustainable. Even if we survive this year, I'm concerned it'll be the same story next season, and the season after that...ad infinitum.
SouthManchesterTree
First Team Squad
Agree, looking at these numbers. I can’t see how the cost and hassle of moving stadium would pay off. In the Champo there wouldn’t be much demand for extra tickets or hospitality, and in the PL the money would be dwarfed by other income.
The club should do everything to maximise commercial and hospitality income. Build a couple of new stands. Make the fan experience better. Do offsite hospitality. But I don’t see how moving grounds pays off.