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Hrolf The Ganger 25 Mar 24 7.51pm | |
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Taking a loan is exactly what you would expect before the building of a new stand.
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cROYdonrogers Leamington Spa 26 Mar 24 7.20am | |
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There are some big pieces of the jigsaw missing here - and of course it's reported in The Mail.
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Badger11 Beckenham 26 Mar 24 7.34am | |
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Originally posted by cROYdonrogers
There are some big pieces of the jigsaw missing here - and of course it's reported in The Mail. Perhaps the £125m includes stuff that is not relevant to FFP? Just a thought.
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Dubai Eagle 26 Mar 24 8.25am | |
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I can see that the £125 million losses over 3 seasons I think that Covid losses are relevant to the financial accounts but they are not counted against FFP/ Profit & sustainability calculations - Part of Evertons argument against FFP / Profit & sustainability in the first case revolved around how much they allocated against Covid losses (I forget the numbers but the amount of relief against losses that they claimed was substantially more than other clubs of the same / similar size) Of course I am not an accountant but thats how it looks to me.
Originally posted by Badger11
Perhaps the £125m includes stuff that is not relevant to FFP? Just a thought.
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Spiderman Horsham 26 Mar 24 9.09am | |
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Originally posted by Nicholas91
My VERY LIMITED interpretation of that would be it is indicative of the model I had initially thought we were following? Take out loans to free up cash for purchasing players we would then look to resell at a higher price at some point in the future, paying back the loans, performing in the League and keeping some extra dosh for the club. Hence the purchases of many younger players at reasonable prices with the hope/expectation they go for far more in the future - Guehi, Doucoure, Eze, Olise, Franca etc. For me that's a far more sustainable and better plan than buying players at high prices, for short term fixes, and letting them go for near if not nothing in the future (Sakho and Benteke for instance). I'm also hoping that this means we are looking to buy players in the summer, even if we sell one or more. Again, VERY LIMITED interpretation. Happy to be corrected but equally informed. I agree. We probably aim to buy before selling so clubs are in the dark as to how much money we have to spend and therefore up the price. Sensible approach but we really need to do business early
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Spiderman Horsham 26 Mar 24 9.11am | |
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Originally posted by Badger11
Perhaps the £125m includes stuff that is not relevant to FFP? Just a thought. I believe it does
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FernsideEagle Tunbridge Wells 26 Mar 24 11.07am | |
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Several types of expenditure don't count towards the loss as far as the PSR rules are concerned. I think the 3 big ones are infrastructure spending, running the academy and spending on the women's team so a club can have losses that are much higher than £105m over a three year cycle but still comply with the PSR rules. Nevertheless the money still has to be found to cover the losses!
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pssguy 26 Mar 24 11.50am | |
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Originally posted by Spiderman
I agree. We probably aim to buy before selling so clubs are in the dark as to how much money we have to spend and therefore up the price. Sensible approach but we really need to do business early But then teams will know we are desperate to sell to balance the books and offer lower transfer fees
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Spiderman Horsham 26 Mar 24 12.07pm | |
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Originally posted by pssguy
But then teams will know we are desperate to sell to balance the books and offer lower transfer fees Not for those with release clauses
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Wisbech Eagle Truro Cornwall 26 Mar 24 12.58pm | |
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Originally posted by eagleman13
. . . or maybe not. Story is from the 'Mail' so it can't be true, because 'wissie' doesn't trust nor believe them. Anyhoo, the club have taken out a 'significant' loan from an American Investment Co, MGG, taken against future transfer dealings & 'day-to-day' running costs . . . [Link] Whilst the only source for this story is the Mail it appears authoritative and based on knowledge. Unlike the spin which many Mail stories contain! How big and precisely why isn't said but it does look as though something is cooking behind the scenes and maybe we need short-term bridging finance to get someone in, before we move one, or more, out. Only time will tell, because the club won't.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
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Ali_Campbell New Addington 26 Mar 24 2.21pm | |
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Originally posted by Dubai Eagle
I can see that the £125 million losses over 3 seasons I think that Covid losses are relevant to the financial accounts but they are not counted against FFP/ Profit & sustainability calculations - Part of Evertons argument against FFP / Profit & sustainability in the first case revolved around how much they allocated against Covid losses (I forget the numbers but the amount of relief against losses that they claimed was substantially more than other clubs of the same / similar size) Of course I am not an accountant but thats how it looks to me.
At last, someone is seeing it as it is. 100% this. I have been calling it for a years, the net debt of our club is a worry, especially when the board are not underwriting the losses. Our directors are looking for a return on their investment and with the current losses, something needs to be done. We are close the the ffp line so will deffo be sales. THE CLUB IS LOSING APPROXIMATELY 400k A WEEK But it’s never mentioned, never discussed. It’s just continually swept under tithe carpet.
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Dubai Eagle 26 Mar 24 3.00pm | |
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Almost all football clubs lose money - Originally posted by Ali_Campbell
At last, someone is seeing it as it is. 100% this. I have been calling it for a years, the net debt of our club is a worry, especially when the board are not underwriting the losses. Our directors are looking for a return on their investment and with the current losses, something needs to be done. We are close the the ffp line so will deffo be sales. THE CLUB IS LOSING APPROXIMATELY 400k A WEEK But it’s never mentioned, never discussed. It’s just continually swept under tithe carpet.
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