NFFC Financial Talk

[Sniffer Dog (Admin)]

We have got Nick Di Marco who is described as the Lionel Messi of his field. He very rarely loses cases.

He lost one at Heathrow recently.

Let's hope that's one of his rare losses Sniff. He wouldn't take us on if he didn't feel he could win with his record.

Yes I broke that news in the first place.

He is the cream of the cream and the top of the top.

We are not f*****g about nor are we just going to roll over otherwise Di Marco wouldn't have been appointed.

It wouldn't surprise me if we actually turned the tables on the PL.

[DR Forest]

There’s been a lot of BS written on here recently.

We have a team (with accountant's) to keep us within FFP rules, which they should have done.
Barring an almighty c**k-up, if we are in breach, it’s therefore to do with one (or both) of two things-
1. Subjective interpretation of the value of disallowable costs for FFP; and/or
2. The timing of recognition of the Brennan sale in this or last year’s accounts.

There are clear accounting principles (see IAS37 on contingent asset recognition) that allow for at least part of the Brennan deal to be included in last season’s accounts). We must follow those rules.

However, those accounts are not the figures upon which we are judged for FFP; there are adjustments made to those figures in conjunction with the governing body (the PL) to assess compliance. This is the grey area.

If the PL are after a political sacrifice then yes, it might be awkward but there are a multitude of factors in our favour, not least of all the overriding intent of the FFP rules as the club have hinted in their statement.

I still find it hard to see how an independent tribunal would uphold a severe penalty (points deduction) when they cut out the white noise.

There are two caveats- the lengths the PL will go to for political purposes and the possibility we’ve made an almighty c**k-up. Clearly let’s hope this isn’t a direct result of incompetence.

[Sniffer Dog (Admin)]

I never knew Nottingham had so many accountants.

[willdared]

I never knew Nottingham had so many accountants.

And not a single one at the WFCG it seems

[Derby My Arse]

We have got Nick Di Marco who is described as the Lionel Messi of his field. He very rarely loses cases.

He lost one at Heathrow recently.

I think that one went under the radar Sniffer.
Your humour is wasted on here sometimes.

[Salvatore Matrecano]

To be fair - Murphy did a good job. Watkins should have been purchased as well as Murphy…

Sorry this is off topic but cant help myself.
Murphy was 34 years old when he signed and cost us £2m fee plus a 4 year contract on high wages. He played well for a few months got injured and was never seen again. Terrible deal for a club with limited resources and no resale value.
That was exactly the type of signing we repeated so often that condemned us to 22 years of lower league football.

[Reds73]

Charnley was just in a consultancy roll and I very much doubt he had any say in transfers etc.

Wasn't Randall employed to specifically make sure we don't fall foul of FFP etc and that we keep within the rules?

No he was a non executive chairman to do Q&As with fans and be front of house. He has no power or decision making and wasn’t involved in transfers or contracts. 

As for the lawyer QC side - Shows how bad Randall was they have had to bring in someone proper to fight the charges.

Depends, different lawyers do different things

Nick Randall wouldn’t be able to represent us because he is on the board of directors.
Nick Randall recommended Nick De Marcko and they are best buddies

[Reds73]

Was thinking, if we are allowed to factor in BJ transfer to Spurs because of the additional funds we got, does that then mean we have to then factor in the following...

Ibrahim Sangare – £30m from PSV
Nicolas Dominguez – £10 from Bologna
Callum Hudson-Odoi – £5m from Chelsea
Odysseas Vlachodimos – £7.7m from Benfica
Divock Origi – on a season-long loan from AC Milan, committing to £120K a week wages
Andrew Omobamidele – from Norwich City for a waste of £11m
Nuno Tavares – on a season-long loan from Arsenal with a £15m option to buy

As not sure that would look good

Even if we did have to fs for those in it would be fine !
The amortised cost of those listed are 15m per season roughly.
We banked 47.5m pure profit for BJ

[DR Forest]

I never knew Nottingham had so many accountants.

Joint qualified accountant and lawyer actually. 

Retired.

And if Willdared’s comment included me, though I fail to see the relevance, for the record, the last game I went to was Newcastle away on Boxing Day.

[Liars Bar]

Isn’t Widdow always right? If so, hefty points deduction?

[DR Forest]

Charnley was just in a consultancy roll and I very much doubt he had any say in transfers etc.

Wasn't Randall employed to specifically make sure we don't fall foul of FFP etc and that we keep within the rules?

No he was a non executive chairman to do Q&As with fans and be front of house. He has no power or decision making and wasn’t involved in transfers or contracts. 

As for the lawyer QC side - Shows how bad Randall was they have had to bring in someone proper to fight the charges.

Depends, different lawyers do different things

Nick Randall wouldn’t be able to represent us because he is on the board of directors.
Nick Randall recommended Nick De Marcko and they are best buddies

I personally don’t warm to Randall but don’t doubt his ethics or efforts.

I have only second-hand feedback about him from a close friend who was interviewed on two separate occasions by him for a role at Forest a few years back (ironically, I believe, for one of the unfilled posts that Widdow keeps bleating on about)!

He was offered the role by Randall twice and turned him down twice; however he spoke highly of him from his meetings and only declined as Forest were still in the championship at the time and he moved to a PL club.

[willdared]

I never knew Nottingham had so many accountants.

Joint qualified accountant and lawyer actually. 

Retired.

And if Willdared’s comment included me, though I fail to see the relevance, for the record, the last game I went to was Newcastle away on Boxing Day.

Just tongue in cheek from me regarding the mess we see ourselves in..

As I've said before not surprised if they spent big and genuinely thought it would just be a fine of sorts once caught/charged. That is until the Everton penalty happened