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Post by 2Loftus on Jun 23, 2021 15:22:00 GMT
These teams made losses in their net transfer spend over the last 5 seasons 1 - Fulham -£144m 2 - Sheffield United -£63m 3 - Stoke -£57m 4 - West Brom -£48m 5 - Cardiff -£46m 6 - Bournemouth -£42m 7 - Huddersfield -£41m 8 - Reading -£26m 9 - Middlesbrough -£1m These teams made profits in their net transfer spend over the last 5 seasons 10 - Blackpool +£1m 11 - Millwall +£2m 12 - Blackburn +£5m 13 - Birmingham +£5m 14 - Coventry +£5m 15 - Peterborough +£5m 16 - Derby +£5m 17 - Nottingham Forest +£7m 18 - Luton +£10m 19 - Barnsley +£11m 20 - Preston +£13m 21 - QPR +£24m22 - Bristol City +£28m 23 - Hull +£28m 24 - Swansea +£86m Good to see us as 4th 'best'  |
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Post by gtleighsr3 on Jun 23, 2021 15:37:18 GMT
Jacks must of included all local drug deals to make that.
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Post by coneysboots on Jun 23, 2021 15:38:59 GMT
That is very good reading. Dare I say it we are becoming a well run club.
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Post by Tarbie on Jun 23, 2021 16:08:41 GMT
Would be interesting to see this chart with the wage bill offset against it. I suspect we might actually come out on top.
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Post by Greg1882 on Jun 23, 2021 22:52:51 GMT
People will still spout the evil Les bullshit but everyone in control
Of running the club needs massive kudos for the last couple of years. We are no longer a basket case of a club and the good times will
Return. They’ve done so well to recover from the mess that the likes of Hughes/redknapp and certain board members created.
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Post by West Acton on Jul 3, 2021 6:58:11 GMT
Think this is where we have improved but still work to be done. Your never going make money back on everyone but when you spend 46mil on players and get nothing back on any of them is crazy. Remember when people pointed at Mel Morris as good owner 😳 they got that wrong
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Post by hal9thou on Jul 3, 2021 12:17:21 GMT
Really scary thing is the EFL.
For some clubs pre season kicks in next week, but unbelievably the relegation / promotion scenario has not been resolved.
Latest I heard was that Wycombe were taking legal action, lets hope the incompetent fuckers running the EFL end up with a bleeding arse.
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Post by Stanley75 on Jul 3, 2021 13:39:51 GMT
Latest I heard was that Wycombe were taking legal action, lets hope the incompetent fuckers running the EFL end up with a bleeding arse. Good to hear. #TeamWycombe! |
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Post by 2Loftus on Jul 7, 2021 11:40:10 GMT
Further evidence that we are doing things right...
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Post by spongeparr on Jul 7, 2021 15:37:21 GMT
Really scary thing is the EFL. For some clubs pre season kicks in next week, but unbelievably the relegation / promotion scenario has not been resolved. Latest I heard was that Wycombe were taking legal action, lets hope the incompetent fuckers running the EFL end up with a bleeding arse. It was never going to happen and charged back to last season. They have been fined for not putting the player costs through correctly. Now, they have to put them through the same way as everyone else and then when they do, that's when they will be fined for breaching ffp. |
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Post by West Acton on Jul 26, 2021 5:35:52 GMT
Naughty if true
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Post by Corbray on Jul 26, 2021 5:44:41 GMT
not really unusual though as other clubs have dome the same. worst one for me was mbappe to PSG |
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Post by alanwycombe on Jul 26, 2021 7:56:36 GMT
How can that be right and fair if true? Needs to be stopped before they’re all at it and big clubs will end up choosing who gets promoted.
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Post by Corbray on Jul 26, 2021 8:17:51 GMT
How can that be right and fair if true? Needs to be stopped before they’re all at it and big clubs will end up choosing who gets promoted. most transfers happen in a similar way, very rarely is the fee all up front. you'll pay 10m for a player over 3 years for example. could be structured in many different ways too |
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Post by West Acton on Jul 26, 2021 8:20:57 GMT
But that’s no money at all until following year to circumnavigate the rules that’s wrong. If there not paying anything at all up front if I was league I would not allow registration or say it’s a loan
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Post by croydoncaptainjack on Jul 26, 2021 8:32:00 GMT
They would have to follow basic Accounting Rules though. If there is a 3 year contract to pay out say £6m for a player then you have to accrue £2m a year if you pay it at the end and you would 'prepay' £4m of it if you had paid it up front. They are just timing differences as far as their accounts are concerned and there is an annual cost of £2m either way. The only difference would be your bank account would be healthier for three years.
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Post by Tarbie on Jul 26, 2021 9:28:29 GMT
They would have to follow basic Accounting Rules though. If there is a 3 year contract to pay out say £6m for a player then you have to accrue £2m a year if you pay it at the end and you would 'prepay' £4m of it if you had paid it up front. They are just timing differences as far as their accounts are concerned and there is an annual cost of £2m either way. The only difference would be your bank account would be healthier for three years. Getting into the nitty gritty of it now mate. It's failure to adhere to generally accepted accounting practises that have landed Derby in the brown stuff recently. |
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Post by spongeparr on Jul 26, 2021 9:37:03 GMT
They would have to follow basic Accounting Rules though. If there is a 3 year contract to pay out say £6m for a player then you have to accrue £2m a year if you pay it at the end and you would 'prepay' £4m of it if you had paid it up front. They are just timing differences as far as their accounts are concerned and there is an annual cost of £2m either way. The only difference would be your bank account would be healthier for three years. Getting into the nitty gritty of it now mate. It's failure to adhere to generally accepted accounting practises that have landed Derby in the brown stuff recently. I don't think it is. Derby weren't showing depreciations in a linear way like every other team were. As long as Fulham show him depreciating at a normal rate then they'll be fine. Not much difference with them paying £0 now, £5m next year and then £10m the year after, rather than £10m now, £5m next and then it's paid off. All the same amount of money. If they don't go up then they'll realy struggle as their income reduces and so on. It's just another way of these clubs gambling on going up. |
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Post by West Acton on Jul 26, 2021 9:56:32 GMT
Getting into the nitty gritty of it now mate. It's failure to adhere to generally accepted accounting practises that have landed Derby in the brown stuff recently. I don't think it is. Derby weren't showing depreciations in a linear way like every other team were. As long as Fulham show him depreciating at a normal rate then they'll be fine. Not much difference with them paying £0 now, £5m next year and then £10m the year after, rather than £10m now, £5m next and then it's paid off. All the same amount of money. If they don't go up then they'll realy struggle as their income reduces and so on. It's just another way of these clubs gambling on going up. agree with everything you say and it makes sense however if they are simply structuring it that way to circumnavigate FFP that’s not right nor fair as that’s not a payment plan it’s intentional bending the rules so they gain. |
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Post by spongeparr on Jul 26, 2021 10:00:11 GMT
It's more of a surprise that Liverpool agreed to it, as it means that their FFP for Europe is also a bit out of wack.
Maybe they knew that getting that much for Wilson was too good to turn down, as he isn't worth that.
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Post by Corbray on Jul 26, 2021 10:13:35 GMT
HITC sevens actually did a summary of derby's situation. pretty interesting watch/listen if you have 30 minutes to spare
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Post by hal9thou on Jul 26, 2021 10:14:21 GMT
FFP needs to be scrapped. It is fundamentally unworkable.
All it has ever done is re-enforce the status quo.
A much better model would be a rigorous fit and proper persons test and some due diligence by the authorities. The bar needs to be set way higher.
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Post by Stanley75 on Jul 26, 2021 10:14:59 GMT
I don't think it is. Derby weren't showing depreciations in a linear way like every other team were. As long as Fulham show him depreciating at a normal rate then they'll be fine. Not much difference with them paying £0 now, £5m next year and then £10m the year after, rather than £10m now, £5m next and then it's paid off. All the same amount of money. If they don't go up then they'll realy struggle as their income reduces and so on. It's just another way of these clubs gambling on going up. agree with everything you say and it makes sense however if they are simply structuring it that way to circumnavigate FFP that’s not right nor fair as that’s not a payment plan it’s intentional bending the rules so they gain. The justification goes something like: "If the law is an ass to begin with then we are justified in doing whatever we legally can to circumnavigate it."
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Post by The General on Jul 26, 2021 12:13:28 GMT
Nice to see Fulham list the most
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Post by hal9thou on Jul 26, 2021 14:28:59 GMT
agree with everything you say and it makes sense however if they are simply structuring it that way to circumnavigate FFP that’s not right nor fair as that’s not a payment plan it’s intentional bending the rules so they gain. The justification goes something like: "If the law is an ass to begin with then we are justified in doing whatever we legally can to circumnavigate it."
There are many ways of avoiding sanctions as everyone knows. I don't think FFP is inherently right or fair in itself. It would be really interesting to look at the track record since FFP started in this country ie how many clubs went out of business in the ten years before vs after. What exactly has it achieved beyond cementing the existing power structure? The problems FFP sort to address were / are the legacy of owners whose ambition outweighed their financial sense. If you want to resolve all this you have to start by re-defining fit and proper persons. And then applying it. |
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