Taken from the Bristol Post, so any complaints regarding the content, aim them towards the Bristol Post complaint department here: https://cdn.someecards.com/someecards/usercards/1327117212828_3924126.png How much money does Bristol City have to spend this summer? In-depth look at the finances at City and how it might affect transfers The Championship is arguably one of the toughest leagues in the world to navigate because of the disparity between the haves and have nots - majorly influenced by Premier League parachute payments. Head coach Lee Johnson also regularly refers to the league as being the fifth best in the world. The financial cushion clubs are afforded, even for being relegated straight back to England's second tier, offers a huge financial advantage, though some clubs are so mismanaged that they even tumble down another division again, cough, Sunderland, cough. Such discrepancy immediately makes things tougher for the likes of Bristol City, although as other clubs have shown, money is not everything. The Robins announced a large operating loss of £17.12m last December for their 2016-17 accounts, offset by good profits from player trading - principally the club record sale of Jonathan Kodjia. Profits on player trading was reported as £13.6m, helping Bristol City towards a more palatable loss of £3.26m overall. Although the Robins reported a sizeable £13.2m loss in the year before, City need not worry about falling foul of Financial Fair play rules, of which there will be some scrutiny of Cardiff, unless they post losses of more than £20m for the next accounting period. That is very unlikely to happen unless the club embarks on a spending spree. And given that City's senior hierarchy have explained that the aim is to become self-sufficient, that won't happen. Further, because of the good Carabau Cup run this past season and improved revenues from the fully operational Ashton Gate - with likely increased commercial revenues and the best average attendances for 39 years boosting the coffers - and there will be some means for optimism on the financial front. The club also recently announced record sales for season ticket sales for 2018-19 further swelling the finances. CEO Mark Ashton recently said in his final programme notes of the season: "The largest average attendance at Ashton Gate for 39 years has been followed by record advance season card sales for next season - showing the club is moving in the right direction." It was asked by one financial pundit earlier in the year if City need a big sale this summer. There's no financial imperative but if the Robins want to spend big they might need to sell big too as Lansdown won't countenance lavish spending. And with several star players in delicate contract negotiations with the club there could yet be a chance of their top players being sold. The outcomes of the discussions with Joe Bryan, Bobby Reid and Marlon Pack will likely dictate much of City's summer spending plans. With the Robins unable to record more than £39m losses over a three year rolling period (so £13m a year) there is some room for manouevre. However, it's unlikely that we'll see the club depart from that policy of looking to sign young an untested players than the tried and test from the Championship. The odd snipe - such as Nathan Baker was - for Championship talents at reasonable prices could happen too. Daniel Johnson of Preston North End has been linked for one, and the midfielder only has a year on his deal. There's also the Steve Lansdown effect with the owner likely to be happy underwriting some relatively decent investment as he does year on year at Ashton Gate. There will then almost certainly be some money to spend with Lansdown retaining his ambition, whetted by nights such as the win over Manchester United back in December. But significant sales will be needed for any significant spending of more than £5-10m, which would be similar to what the club reported spent last summer and an amount that could be swallowed up regarding FFP and the majority shareholder's existing commitment. Those discussions with the key players could significantly change the landscape at Ashton Gate this summer, however. https://www.bristolpost.co.uk/sport/football/football-news/how-much-money-bristol-city-1590057
- nice one Sparrow. Wiz was unfortunately the victim and not the article author as you've pointed out. Nothing to do with the article content pal, but you clearly have no idea of the history on here. Now please carry on discussing the posted article.
Corrected for you with good humour And I am sure Wiz accepts your lack of apology while admitting he was the victim here Back to this thread.... I understand why parachute payments are made but the amount given is just too high and becomes unfair on other clubs. Using this subject on Sunderland for example, They will get around £40million parachute payment this summer from the premier league because they are still within 3 years from their relegation from the prem. How is them getting £40 million fair to the other clubs in League 1? I know Sunderland will probably **** it up again anyway but its just not fair.
Indeed. They haven't rectified their issues. Their parachute payments are pretty much gone straight away before they get it due to being badly run. I am moaning about parachute payments being unfair. But really using Sunderland as an example is a bad example as I am not actually worried about them. They base the parachute payments on how much income the team got from just TV revenue within the last season of being in the prem. Sunderland got £99.9 million in their last season in the prem from TV deals. Call it £100 million as its easier to work out the maths. Following relegation from the prem: Year 1 you get 55% of what you got in your final year as a parachute payment. So last season they had a £55 million parachute payment. Year 2 you get 45% of what you got in your final year as a parachute payment. This summer they will get a £45 million parachute payment. Year 3 you get 20% of what you got in your final year as a parachute payment. Next summer they will get a £20 million payment. If they get promoted within those 3 years back to the prem, the payments obviously stops. But this cannot happen now. So they will get £45 million this summer however.... Its already gone! Talksport had someone close to the club on the radio a few weeks ago that their wage bill is currently £26m. Also they got to pay nearly £20m on 2 players that has recently been investigated by FIFA. So that parachute payment has been wiped out. Also 7 players on their books is loans and a few of the older players will be leaving. They will need around 15 new players in the summer with potentially a new owner from Eastleigh, who has less money than the owner they currently have who is about to leave the club. The person on talksport was very concerned about the clubs future because the consortium who looks likely to be taking over with the new owner apparently has an agreement in place that if Sunderland don't go straight up to the championship at the first attempt, they can walk away free leaving the owner in all kinds of problems and the final parachute payment of £20 million wont be enough and it will mean they will fall into administration. This was a few weeks ago. I am not sure if the new owner has taken over yet.
