And we made another bigger 20million pound loss.
Write offs from the owners may have helped... waiting for Roller to tell me what it means
Write offs from the owners may have helped... waiting for Roller to tell me what it means
Accounts are in
- Thread starter qprbeth
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Time to name each floodlight, the Willock light only shines twice a season, the Beale light, never to shine again, the Barton light, never dull but not too bright and the not 606 floodlight, always on
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also the floodlight in the corner, that turns off when the oppo get a corner kick
Quick takeaways from me:
- Spent £1.9m on players last season
- Payroll down from £27m to £25m (£22m not including NICs contributions)
- Shareholders put in £30.5m last season (kudos - as I always say, they've been idiots, but benevolent idiots)
- £7m left to pay on the FFP settlement
Ownership bit is interesting. Now is:
- 51.61% Ruben
- 20.96% Richard Reilly
- 18.96% Mittal family
- 0.15% minority owners
Confess I'm struggling to see how a £20m loss this year, £24m in '22 accounts, and £4m loss in '21 (total, £48m loss across rolling 3-year period) makes us compliant with FFP allowed losses - which is £39m. Unless there are deductibles in the last two years which don't count towards FFP (like the £1.2m per year we pay for the FFP settlement) that I can't spot in the accounts at a fast reading.
Next set of accounts will be very tricky as the £4m loss from three years ago rolls out of our accounts, and we start with £44m of losses before whatever we lose this year. Hence the various Mittal stand etc I guess. New championship TV deal will help a lot if we get there....
- Spent £1.9m on players last season
- Payroll down from £27m to £25m (£22m not including NICs contributions)
- Shareholders put in £30.5m last season (kudos - as I always say, they've been idiots, but benevolent idiots)
- £7m left to pay on the FFP settlement
Ownership bit is interesting. Now is:
- 51.61% Ruben
- 20.96% Richard Reilly
- 18.96% Mittal family
- 0.15% minority owners
Confess I'm struggling to see how a £20m loss this year, £24m in '22 accounts, and £4m loss in '21 (total, £48m loss across rolling 3-year period) makes us compliant with FFP allowed losses - which is £39m. Unless there are deductibles in the last two years which don't count towards FFP (like the £1.2m per year we pay for the FFP settlement) that I can't spot in the accounts at a fast reading.
Next set of accounts will be very tricky as the £4m loss from three years ago rolls out of our accounts, and we start with £44m of losses before whatever we lose this year. Hence the various Mittal stand etc I guess. New championship TV deal will help a lot if we get there....
Lots of deductibles including the training ground and youth team so I’m sure it’s grand.
Have to admit I just thought I missed something that is blatantly obvious to everyone else regarding the £39m leeway for next season. But the £4m loss dropping out means we can only make a profit of £3m next season as the last two seasons total £42m (and having made a loss every year since 1996). Looking forward to being illuminated and educated.
Not all of the losses count towards FFP. Training ground, academy, existing FFP fine and perhaps other items will be extracted for FFP purposes.
As Stroller says, not all losses count towards FFP, and I'd hope we'd have heard from the club / EFL by now if we'd breached FFP given the accounts are out. Training ground / youth team etc are deductible.
But that doesn't change your underlying point that next year's accounts [i.e. this season] have very little wiggle room at all. We've obviously done some naming deals etc to help, and a massive Eze transfer this summer would really really help. I expect Chair to go in the summer too. as
The new championship TV deal will help a lot, but that kicks in next season - for 24/25 - so we'd need to survive next season somehow and then perhaps be in the clear on FFP.
Not a single profitable club
How does football survive as a business
I suppose as long as the tax man and banks get their money no one cares
How does football survive as a business
I suppose as long as the tax man and banks get their money no one cares
It really seems we are in the clear this year just.
Next year will also be a struggle but
1. Can we sell any players,
2 will we stay in Championship and get the improved money
3.Will we get a windfall from Eze moving on.
4. Have the cuts we have already made keep us safe.
Let's just now concentrate on staying in he Championship
Next year will also be a struggle but
1. Can we sell any players,
2 will we stay in Championship and get the improved money
3.Will we get a windfall from Eze moving on.
4. Have the cuts we have already made keep us safe.
Let's just now concentrate on staying in he Championship