I get very sad feelings looking at that photo - it was cringy-hilarious at the time, but it shows how far the quality of our squad has fallen. We've got Hudd back and its so obvious when he's on the pitch that his quality is a level above, even without match fitness and as injury-prone as he is. I'd have any and all of them back now, even the ones that are retired/semi-retired!
So I looked at the accounts for the 2014-15 season. Amortisation of player registrations accounted for £21,683,640, so that covers the transfer fees. The other losses noted are the cost of sales at £58,202,411, which I assume covers all the other costs of running the club that year (not including transfer fees). Staff costs for 2015 were £55,611,076, an increase of £12,288,480 from 2014’s staff costs of £43,322,596. So, amortisation of transfer fees of £21,683,640 + a staff cost increase of £12,288,480 is £33,972,120. Bruce spent £33,972,120 on transfer fees and wages for new players in the 2014-15 season, not £80 million.
Thank you for that. So Ehab passed on bullshit info to a fan…..why am I not surprised. As I said, just because it’s first hand information - it does not mean it’s factual
Burnley are a good measuring stick, yes they have always been a bigger club than us but they shouldn't have been had we achieved our potential.
Bruce's only real mistake was sacrificing Europe in order to keep us up, we got relegated. That squad of players was the best we’ve had and should have kicked on and got us closer to burley
Oh, and the club still made a profit of £4.2m after tax in 2015 so I don’t know what the **** Ehab is whinging about, in addition to not knowing how annual accounts work.
If I asked Ehab the time of day and he even bothered to check his Rolex and tell me, I'd then know what time it wasn't.
Amortisation is an estimate of the future value of players, not the transfer fees paid or received in the past.
It’s the transfer fee spread across the length of the player’s contract. We paid a transfer fee of £8m for Livermore on a three-year contract with an option of a fourth. Assuming the option was included in the accounting, that would mean £2m was the amortisation of player registration for Livermore in the 2015 accounts.
In any case, even if you use the figure of the transfer fees paid up-front in the 2014-15 season and add the £12m wage increase, it’s still nowhere near the £80m figure.
No it would be nothing like £80m, I wasn’t attempting to make that point, just clarifying what amortisation means.
