Thanks. What i found difficult fathom was the formula used for calculating the depreciation. If their is a set accounting formula that is universally accepted by the HMRC then fine. However if their isn't, then it seems to me numbers can be made up out of thin air in order to manipulate the...
The proposed rules are to ensure the EPL fall into line with the European model, which makes sense given English clubs play in Europe. However the European model is even more prohibitive than it is currently I think.
I think he did more than that. Didn't he say in evidence that we needed to buy a midfielder? If he did, he has blown a coach and horses through our mitigation argument that there was no sporting advantage. How can you say there was no sporting advantage but we needed to buy players?
I think i...
It's just shows the potential of the cash income from the stadium. I think our current annual income is around 13-14m for gate receipts?
Although I would add that 3k for a corporate ticket is very cheap compared to the rest of the league.
You might be right, but if clubs are run more sustainably then that should mean there wont be spiraling wages and transfer fees. Which should mean reduced match tickets etc
And yes I live cloud cuckoo land.
According to this they have already been in place for over 18 months now at the European level
https://www.uefa.com/insideuefa/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/
The new Uefa rules that the league are looking towards, I think are even more restrictive than our current league ones. This is because the 70% ratio to income is not just wages. A club will be restricted to spending 70% of their turnover on wages AND transfer fees and agent payments. If you...
There is nothing new in regards to the info about deductions that we didn't already know and as a result i remain utterly convinced your are massively in breach. I can think that the reasons you have not been charged is because their is an element of fraud from the previous regime which on...
I agree with this but there is also another angle. Because the wages were so high, it is quite probable that the players who have left, we are continuing to contribute towards their wages even now.
I just dont understand how Chelsea have not been charged. My back of the packet calculations from their published results say that they needed to make a profit of over a 100m in the last accounts to only loose 105m. I dont understand why it is so quiet with them.