I see Watford have activated a 50k release clause for Tom Ince. Watford seemed like they had a few bad eggs when they played us at the end of season, sulkers not trying. Tom Ince was individually the worst for that when we played Reading so will fit right in.
Transfer Rumours Summer '23 Transfer Thread
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Get the feeling Greaves won’t still be with us by August
I know they've just signed contracts but don't be totally shocked if Jones or McLaughlin get some decent offers over summer. Lots of interest in them. Slater/Longman too.
I dont know if the profit included KLP or not if I'm honest. What I do know is that it had staff costs (wages) quite close to the profit which is where I imagine the sticking issue is. I dont think that City are necessarily close to being in the mud I just think the powers that be are being very cautious to prevent it
KLP was sold after the last accounting period, so isn't included at all.
2.5m profit in 2020 accounts
8.1m loss in 2021 accounts.
14m profit in 2022 accounts however that's down to a 20m write down of the allamhouse loan - so effectively a trading loss of about 6m - dunno how that affects FFP though.
Remember we have to satisfy FFP over a rolling 3 years. Not just the preceeding 3 but the deals do now will also affect headroom for the subsequent 3 also
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This. The contracts we're liable for now will affect our FFP in 3 years time so it could well be were fine based on the preceeding 3 years but need to be mindful of the coming years.
And we won't have a 20m write down from allamhouse in the coming years which is the reason 2022 showed as a 14m profit instead of a 6m loss.
And of course 2022 accounts don't include last summers recruitment.
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Acun maybe thought he could splash a few quid on some decent larkers from Turkey and take us straight up. Having found out it’s significantly more difficult than that, he’s had to have a rethink and take a rather longer term view.
You'll have more success with a longer-term view. Progression is the key, a top half, ideally top 10 finish would be great. Focus on developing players and getting recruitment right and we'll end up in the PL
Same with last season's incomings.
2m allahyar, 3.5m Sinik, 4m Tufan then Vale, Pelkas and Darlow's wages it's not difficult to see how quickly the KLP fee will have gone.
And we're now funding a number of other circa 20k pw contracts with longer terms than just 1 season loans so that potential 8m headroom based on those accounts just pays just 4 of those contracts for 2 seasons.
Headroom may well have been healthy as a percentage of turnover but the fact remains city's turnover is merely a fraction of some other clubs in this league. Sunderland for example get 35k paying 35 quid an adult. We get about 17.5k without ticket offers and even then its more like 20 quid an adult.
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I don't know to be honest, if I get any info I try not to probe too much just in case they get annoyed and stop telling me anything at all!
I'm feeding off scraps tbh but better than nothing!
That's not what Tan said. That's just the way the interview clip has been framed by the beeb cos it'll get clicks.