Financial Fair Play investigation

[RomanReigns]

So these are our last losses that apply to the three year cycle.

Year 1) £111m in 2018-19

Year 2) £139.9m in 2019-20.
£120.9m in 20-21

* Year 2: These years are averaged i.e. Add them both together and divide by 2 = a loss of 130.35. The club argued that we had crystallised losses of £82.1, that was accepted by the PL. So the total accepted loss for year 2 is £ 48.25

So our current situation should be this:

Year 1) Loss : £111m in 2018-19

Year 2) Loss £ 48.25.

Year 3) This is the year we are sanctioned for. We needed to make a profit of £54.25 mill to comply, which the PL is allege we haven't. These set of accounts are to be published next week.

70 mil loss predicted by esky baby apparently

 

[MikeH72]

Nah, he was sold at the time to satisfy the accounts. Was widely known.

The Prem have referred us here because someone will have moaned and they want things to be signed off elsewhere. A fine, nothing more

We’ll find out when the accounts are released if it satisfied the P&S rules.

 

[rochdaleblue]

What the hell we gonna do all summer with no transfer thread?! Best part of the season.

No different to the current one. Talk about and suggest players we’d like to sign and been linked with but ultimately sign nobody anyway!

 

[Saint Domingo]

If you look at the net spend under Moshiri it is an entirely average figure. So people can throw the 500, no wait now it’s 700 mill figure around all they want. We’ve wasted a lot of money no doubt but our record transfer is still a lower amount than what the top 6 spend on squad players.

So what we spent a bit more than a rolling three year arbitrary amount allows so we could try and compete or stay in the league. Sue us. The regulation is only designed to keep teams in their lanes anyway.

 

[MikeH72]

If you look at the net spend under Moshiri it is an entirely average figure. So people can throw the 500, no wait now it’s 700 mill figure around all they want. We’ve wasted a lot of money no doubt but our record transfer is still a lower amount than what the top 6 spend on squad players.

So what we spent a bit more than a rolling three year arbitrary amount allows so we could try and compete or stay in the league. Sue us. The regulation is only designed to keep teams in their lanes anyway.

P&S is not about net spend, it’s about profit and loss.

 

[Armaghtoffee]

To be honest, do you think our 'honest John' of an owner may have been painting financial pictures?

Is that possible really? Surely at that level of financial accounting it’s an easy call.

 

[Saint Domingo]

P&S is not about net spend, it’s about profit and loss.

OMG is that what the P in P&S stands for? Thank you for such enlightenment.

 

[MikeH72]

OMG is that what the P in P&S stands for? Thank you for such enlightenment.

Yes it is, so why are you bleating on about our net spend?

 

[jinkyali]

It’s 21/22 isn’t it?

It may well be.

 

[Narntwinnysivven]

P&S is not about net spend, it’s about profit and loss.

Why can’t anyone understand this.

 

[MikeH72]

Why can’t anyone understand this.

I think I’ve had to explain it to about 20 different people tonight.

 

[mccole]

Sounds bad but hey let's look at the positives, at least we won't have to spend all summer going through incredibly stupid transfer rumours and fantasy picks.

 

[efcfanwirral]

We were never going to be allowed to get away with Russian money at the club

 

[Saint Domingo]

Yes it is, so why are you bleating on about our net spend?

Because there’s an article from Bascombe about how Moshiri has spent 700 million.

Also player trading each window contributes massively to a clubs profit and loss position

 

[blulouie]

Those two don’t matter for the accounts in question, they just make the upcoming ones look better

I guess that the club would use it to prove they have been and continue to be compliant with the Prem.