Some very interesting (and dangerous) ploys being taken by Championship clubs to reach the promised land. Playing with fire? http://www.dailymail.co.uk/sport/fo...le-report-reveals-99-revenue-spent-wages.html
Interesting numbers, especially when you see the number of clubs chucking rocks in our direction. The vicar's post that caused issues when I replied called out Cardiff as flirting with ffp yet in 16/17 our losses were less than theirs. Swans are also playing with fire. The highest percentage spenders in the prem. Compounded by the fact that they have one of the highest dependencies on tv money as they generate little revenue elsewhere. Troubles ahead for a number of clubs no doubt.
Good job we got up although I hope our losses will be a little less in 2017/18. Although the spend on Tomlin and Madine may blow my hope out of the water.
I think the Villa thing that's just come out is going to be the tip of the iceberg. The next round of financial statements for the Championship clubs in particular coud throw up some pretty distressing stuff for the supporters. I don't think we're clear and running ourselves just yet (accounts to May 2018 will be interesting), but at least we made the £170M gravy train.
Just saw your post Bluey after I posted. You could be oh so very right, but the Tomlin and Madine transactions wont impact directly on our losses this year to May 2018 to that extent. The transfer fees paid will still be represented as an asset in the accounts as amortisation of their value wont have cut in during last season.
FFP is a 3 year rolling £39M isn't it? We lost 12 and a bit the year before last so would hope we're there or there abouts. No saying we're squeaky clean, but we're around the same as most and better than many. The bubble has to burst soon, surely. Maybe the approach should be to sit mid table with an average team and wait for everyone else to go bust around you so you float to the top. Time will tell. I'm just happy that Tan is saying we'll be prudent going forward even if that means coming back down.
Yes, prudent use of next season's windfall is essential to leave us in a strong position should we fail to stay up. Then parachute payments would kick in again. West Brom's relegation will have disappointed their fans but they have mage a career of being a yo yo club and could well boing boing back again. Fair point Sparks. Resale values of both will be key going forward as I can't either coming on next season's journey.
