Being a lover of spreadsheets and sad in equal measure, I thought I'd revisit the 2017-18 final league tables and work out how profits and losses were distributed across clubs and divisions. It makes interesting reading (to me, at least). Firstly, less than 1/3rd of all clubs made a profit. Curiously, a greater proportion of clubs in League Two (8/24) made a profit compared to the proportion of clubs in the Championship and League One (both only 5/20). The average loss per club of loss-making clubs in the Premier League and Championship were similar at around £20M, but the average profit per Premier League profitable club unsurprisingly dwarfed that made in other leagues (by 4X). Frankly, League One and League Two clubs are lucky to make any money at all, I'd say. Hats off to their owners and die-hard supporters. Yeah, yeah, I know... it's a Friday night and I'm a sad ****.
I’m reading that as a list of things excluded from the FFP calculations. Youth development spending and capital asset spending definitely are, so capital asset receipts should be too.
https://www.thesun.co.uk/sport/football/9316083/reading-soft-transfer-ban-championship-efl/ Reading get a "soft" transfer embargo for breaching profit and sustainability rules...... FFS we get a punitive fine and everyone else gets a slap on the wrist...... Also Sheffield Wednesday accounts 2 months late being filed with Companies House.....
We were promoted and therefore earned a ****load of money from TV rights and parachute payments. That is the fundamental difference.
So by that logic we should be seeing fines and points deduction for both Fulham and Cardiff who lost north of £50m in their promotion season before dropping straight back into the Championship........ I don't have a problem with FFP per se but it has to be administered on a consistent basis and it's quite clear that it's not so..........
Sheffield Wednesday have filed their Accounts at long last for 2017/18 season and guess what they've sold their ground to the owner for £60m thereby generating a "profit" of "£2m" instead of a loss of £35m....... https://www.bbc.com/sport/football/48964055 However as the piece goes onto say the Land Registry still shows the football club as owning the ground and the income part of the accounts shows the £60m as monies due to be received.........in other words they're doing this retrospectively and attempting to rewrite history........ Chances of the EFL doing anything about this are slim to none.......
It's a joke. I know we ****ed up big time, and got taken to the cleaners by EFL, but these twats are brazenly skirting around the rules and getting away with it.
Probably sounds stupid but at some point the EFL has to make a judgement THAT all teams adhere to the same set of rules rather than different versions of the rules for different clubs.
I suppose that option is still open to us. Though I struggle to get my head round it. Presumably whoever owns a club owns all of its assets including the ground. So the club’s owner would be selling himself something he already owns. But I guess the ground ends up in another owner owned company. And the club, potentially, has lost its major (in our case only) asset.
I'm sure Air Asia need a dilapidated football stadium in West London valued around £100 million, handy for Heathrow. Just saying...
