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Just been breaking down the accounts, seems the PL have accepted that we’ve made an a loss of 85mill and below the 105 mill P&S threshold.
Begs the question, if we knew in the summer we had a 30 mill buffer, why did we only spend on 1.7 mill on Demari - probably wages on Jamo who left late outside the window.
Yet some cause for pause, our latest compliance comes buoyed by losses of 13 mill 17/18.
Our next cycle is this + 21/22,
18/19: 112 mill
19/20: 140 mill
20/21: 124. mill.
* 19/20 & 20/21 averaged and impaired.
If we believe (at the moment) that the PL have accepted (at the moment) the Covid impairment on between 170 mill - 220mill, and our losses above are an impaired 85 mill. We have a buffer of 30 million.
That doesn’t necessarily mean we have 30 million to spend, it’s likely that will get eaten up very quickly, with a wage to turnover ratio of 95% and compensation for departing Brands, his team and Benitez and his team. Our costs are a killer.
Transfer-wise We did all right last summer, bought a few low cost, sold a few on big money, sold a bit in January and bought a bit - seems a very fine line with break even the plan, we will be touch and go.
This summer again can’t see any real money being spent, think it will be like last summer again - unless DCL or Richarlison go and they may. Likely those potential deals or not will dictate what summer window we will have.
Begs the question, if we knew in the summer we had a 30 mill buffer, why did we only spend on 1.7 mill on Demari - probably wages on Jamo who left late outside the window.
Yet some cause for pause, our latest compliance comes buoyed by losses of 13 mill 17/18.
Our next cycle is this + 21/22,
18/19: 112 mill
19/20: 140 mill
20/21: 124. mill.
* 19/20 & 20/21 averaged and impaired.
If we believe (at the moment) that the PL have accepted (at the moment) the Covid impairment on between 170 mill - 220mill, and our losses above are an impaired 85 mill. We have a buffer of 30 million.
That doesn’t necessarily mean we have 30 million to spend, it’s likely that will get eaten up very quickly, with a wage to turnover ratio of 95% and compensation for departing Brands, his team and Benitez and his team. Our costs are a killer.
Transfer-wise We did all right last summer, bought a few low cost, sold a few on big money, sold a bit in January and bought a bit - seems a very fine line with break even the plan, we will be touch and go.
This summer again can’t see any real money being spent, think it will be like last summer again - unless DCL or Richarlison go and they may. Likely those potential deals or not will dictate what summer window we will have.
Woolverhampton_Blue
Player Valuation: £35m
Because he can afford it?
That's one answer and a seductive one. Delve into the thread (and others) and you'll see the debate about whether this is a good thing to rely on one man's largesse as an institution.
Is it a good thing? Arguably not if he dies, does a Lerner, or decides to pull the cash plug for other reasons.
Houghty19
Player Valuation: £20m
Perhaps he sticks with this management team because they don't actually try and stop him making decisions such as buying iwobi etc and he wants a set of yes men. Don't disagree that we are decidedly average on the management side but moshiri has to take the biggest slice of criticism for me with some of the decisions he's made.
Simon Buttle
Player Valuation: £60m
He takes the biggest criticism for being stupid enough in the first place to be sucked in to believing Bills fairytales about uncle Cyril and the boys pen. Got played big time by Kenwright. As much as Im no fan of Bill i do have a small amount of respect for the way he has played Moshiri, he is still here, club is full of his cronies, he is getting his stadium, and its not him having to foot the bills. Its grade A grifting.
"You dont have the Authority, Jackie Weaver" springs to mind as to how things pan out in our Boardroom or Zoom meetings, shocking!
What I really want them to do know, is communicate their plan, how to balance books, incomings, outgoings, show a real purpose as to how to get this back on track, if relegation happens what are the plans for life in the Championship?
I know that sounds very simplistic and very "me" focused but surely "we" as the Fans have a vested interest in how this is resolved or is that too "Entitled"?
Noisy noise annoys
Player Valuation: £70m
100% such a weird thing for them to say
Noisy noise annoys
Player Valuation: £70m
WHere is the evidence of this? I mean, seriously
WestStandLower
Player Valuation: £1.5m
As I pointed out yesterday the 21/22 income numbers will be significantly below the averaged 19/20&20/21 ones if for no other reason than league finishing position will se circa £13 million less and that’s assuming a 17th place is achieved
The return of supporters minus the sum saved will only see around £9 million added but at this time we have no idea hold the USM as sponsors is going to impact
The removal of the 17/18 numbers is the concern because in FFP terms that would have been a profit once the allowances such as youth development cost’s were factored in .
Wage costs over 70% are just not sustainable over 80% are past the point of return and for every one of the players shipped out you can bet your bottom dollar fee will be eaten up by some sort of sweetener such as loyalty bonus, but even then when you take into account the sort of % that agents, the FA, the old clubs potentially have to be paid then the fees don’t quite work out as high as some expect
Simon Buttle
Player Valuation: £60m
If Moshiri had wanted to do things properly it would have been a clean sweep throughout the club from day one and we would have had proper people in running the club from top to bottom. Bill got what he wanted, someone to come along with a big cheque book who would let him carry on in situ. Who knows, maybe that was the original arrangement they had, I'm past caring tbh
Noisy noise annoys
Player Valuation: £70m
I’m just not sure a highly successful business man would be had over like that.
Simon Buttle
Player Valuation: £60m
Other than a brief period where Moshiri learnt his trade as an accountant, he has spent most of his time working as Usmanovs errand boy/bag man. His wealth is all paper wealth, its shares, stocks, bonds that sort of thing. Farhad Moshiri is not someone with huge amounts of disposable cash. I think to call him a highly successful business man is a bit of a stretch, there is another phrase/term I would use but I wont as I will get into trouble.
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