Found this elsewhere. Sounds plausible
Just a reminder
We “DO NOT” need to sell a single player before Sunday to comply with PS&R/FFP
We are compliant and under the limit without any sales.
Our 22/23 season accounts reflected a £33.7m pre-tax loss as we fell out of the Premier League, down from £36.7m the year before, totalling £70.4m
The three-year accounting period beginning July 1, 2021 and running until June 30, 2024 will permit us to make a loss of £83 million over those three seasons,
which leaves room for a further £12.6m loss in the unreleased 2023/24 accounts,
a loss which we won’t make because the likes of Harrison has gone back out on loan, Aaronson is returning and the likes of Roca & Llorente will be loaned out again or sold for their current book values or small profits.
Premier League clubs are permitted to make losses of up to £105 million over a three-year period, which works out at a rate of £35 million per year.
However, if one of those three seasons is spent in the Championship, such as us in 23/24, the annual loss threshold falls to £13 million for that season, resulting in the £83m figure listed above.
Going from a £33.7m annual loss to £12.6m within the space of a year, whilst no longer in receipt of Premier League broadcast revenue and centralised payments, may strike fear into supporters,
but the sales of Sinisterra & Adams for £45m will be reflected in the club's 2023/24 accounts.
Additionally, upon relegation from the top flight, mandatory wage reduction clauses kicked in, which saw players' salaries fall by 60% significantly reducing the club's overall wage bill.
Included in the 22/23 accounts was close to £10m worth of pay-offs to former managers, coaches and staff no longer employed by the club.
During the 23/24 Championship campaign, no such exits were made, thus saving the club a hefty chunk of change.
Factor in Red Bull's recent investment and front-of-shirt sponsorship agreement,
the latter of which can be reported in 23/24 the accounting period and given the timing of the announcement, we’re abiding by PS&R regulations.
Paraag Marathe has already stated this summer he hopes the club are skirting close to the line every season in order to be as competitive as possible.
Granted, a major player sale before Sunday would greatly aid the club from a financial reporting standpoint but the manner in which we have conducted our business so far this summer suggests we are on a very sound financial footing.
Just a reminder
We “DO NOT” need to sell a single player before Sunday to comply with PS&R/FFP
We are compliant and under the limit without any sales.
Our 22/23 season accounts reflected a £33.7m pre-tax loss as we fell out of the Premier League, down from £36.7m the year before, totalling £70.4m
The three-year accounting period beginning July 1, 2021 and running until June 30, 2024 will permit us to make a loss of £83 million over those three seasons,
which leaves room for a further £12.6m loss in the unreleased 2023/24 accounts,
a loss which we won’t make because the likes of Harrison has gone back out on loan, Aaronson is returning and the likes of Roca & Llorente will be loaned out again or sold for their current book values or small profits.
Premier League clubs are permitted to make losses of up to £105 million over a three-year period, which works out at a rate of £35 million per year.
However, if one of those three seasons is spent in the Championship, such as us in 23/24, the annual loss threshold falls to £13 million for that season, resulting in the £83m figure listed above.
Going from a £33.7m annual loss to £12.6m within the space of a year, whilst no longer in receipt of Premier League broadcast revenue and centralised payments, may strike fear into supporters,
but the sales of Sinisterra & Adams for £45m will be reflected in the club's 2023/24 accounts.
Additionally, upon relegation from the top flight, mandatory wage reduction clauses kicked in, which saw players' salaries fall by 60% significantly reducing the club's overall wage bill.
Included in the 22/23 accounts was close to £10m worth of pay-offs to former managers, coaches and staff no longer employed by the club.
During the 23/24 Championship campaign, no such exits were made, thus saving the club a hefty chunk of change.
Factor in Red Bull's recent investment and front-of-shirt sponsorship agreement,
the latter of which can be reported in 23/24 the accounting period and given the timing of the announcement, we’re abiding by PS&R regulations.
Paraag Marathe has already stated this summer he hopes the club are skirting close to the line every season in order to be as competitive as possible.
Granted, a major player sale before Sunday would greatly aid the club from a financial reporting standpoint but the manner in which we have conducted our business so far this summer suggests we are on a very sound financial footing.
