NFFC Financial Talk

[Marco Polo]

EM is bound to drag this on - I can't imagine him backing down

[northeastred]

Take our medicine and concentrate on surviving now. Having skim read the report that's now available.

Interesting that uncle Vrentzos has never been away.

Are you surprised, he's evangelos right hand man in everything, Vrentzos is the one that thrives off a deadline day

[The reds]

So reading the report
20.9m of Promotion bonuses weren't allowed to be claimed - Even though the EFL accepted them in previous accounts
We tried to claim 11.7m in Covid Losses - Only 2.5m accepted
We rejected a 42.5m offer from Atletico Madrid on the 30th June.
On Course to lose 12-17m this year with 15m taken off from year 2020/21 we would be around the same loss of 95m
So MGW or Murillo will have to be a sacrifice this year. BEFORE 30th June

Our Revenue was 154m in this year up from 29m
We weren't able to amortize any transfer costs which was 142.8m - Don't know why that is
Wages and January Window was the key factor for breach.

[Marinakis Red]

Take our medicine and concentrate on surviving now. Having skim read the report that's now available.

Interesting that uncle Vrentzos has never been away.

Are you surprised, he's evangelos right hand man in everything, Vrentzos is the one that thrives off a deadline day

Sniff had previously eluded to the fact we wanted Vrentzos out and it wouldn't have happened on his watch, I was actually quite surprised to see him significantly involved during the commission on that basis.

[nffc93]

So reading the report
20.9m of Promotion bonuses weren't allowed to be claimed - Even though the EFL accepted them in previous accounts
We tried to claim 11.7m in Covid Losses - Only 2.5m accepted
We rejected a 42.5m offer from Atletico Madrid on the 30th June.
On Course to lose 12-17m this year with 15m taken off from year 2020/21 we would be around the same loss of 95m
So MGW or Murillo will have to be a sacrifice this year. BEFORE 30th June

Or both.

[TrickySte]

Looks like PL proposed -8 points before mitigation as we breached more than Everton (would have been reduced to -6 with 2 given back for co-operation, etc)

Also, seems like we're still projected to be over the limit for this season. Not sure if that includes Mangala potential sale though, only had a quick look. Might be a mad rush to flog Murillo in June!

[nffc93]

Take our medicine and concentrate on surviving now. Having skim read the report that's now available.

Interesting that uncle Vrentzos has never been away.

Are you surprised, he's evangelos right hand man in everything, Vrentzos is the one that thrives off a deadline day

Least your source was wrong. 6 points

[The reds]

Looks like PL proposed -8 points before mitigation as we breached more than Everton (would have been reduced to -6 with 2 given back for co-operation, etc)

Also, seems like we're still projected to be over the limit for this season. Not sure if that includes Mangala potential sale though, only had a quick look. Might be a mad rush to flog Murillo in June!

Forest have said they are on course to be within the rules of 23/24

[nffc93]

Looks like PL proposed -8 points before mitigation as we breached more than Everton (would have been reduced to -6 with 2 given back for co-operation, etc)

Also, seems like we're still projected to be over the limit for this season. Not sure if that includes Mangala potential sale though, only had a quick look. Might be a mad rush to flog Murillo in June!

Forest have said they are on course to be within the rules of 23/24

They said that last time

[The reds]

Looks like PL proposed -8 points before mitigation as we breached more than Everton (would have been reduced to -6 with 2 given back for co-operation, etc)

Also, seems like we're still projected to be over the limit for this season. Not sure if that includes Mangala potential sale though, only had a quick look. Might be a mad rush to flog Murillo in June!

Forest have said they are on course to be within the rules of 23/24

They said that last time 

They said they are on course to lose 12-17m this year, but don't know if that includes the extra 15m we will get for Mangala, which would put us just about in line of 81m limit - Interesting that Atletico Madrid have looked to try to take advantage with Johnson and possibly Murillo

[nffc93]

The Commission noted that there were few documents that demonstrated what Forest was doingabout its PSR issue. There were no board meeting minutes and only a few emails or messagesincluded within disclosure. Most communications were apparently oral. Mr Bonser, the FinanceDirector at Forest, did produce some forecasts of its PSR position. The first was on 22 August2022, the next was a week later and the next was on 29 September 2022. During this period,Forest was investing in players, so the PSR forecast was changing, but the last of thesecommunications from Mr Bonser was forecasting a significant breach, absent intervention fromthe Club. These communications did not deter the Club from bringing further players in overthe January 2023 transfer window (see paragraph 5.12 above).

[nffc93]

12.27 From around the end of January 2023, Forest decided that it would need to sell one of its most important players to ensure PSR compliance. Player A was the obvious and only single player whose sale could achieve compliance and it was always planned to sell him. The majority of the discussions about sounding out other clubs and sporting directors in respect of Player A took place around May and June, after the appointment of Mr Ross Wilson (Forest’s Sporting Director) on 12 April 2023. As at June 2023, Forest had valued Player A at £50m. Because Player A was a “homegrown” player practically the whole of that sum, less any capitalised agent fees, would be treated as profit for the purposes of the PSR calculation.

12.28 Forest was aware that Player A was in the process of changing agents (which was completed only on 4 July 2023), which made an early deal more difficult. However, Forest continued to seek out buyers for Player A in June 2023, engaging with Unique Sports Management (Player A’s new agents), Brentford, Spurs, Manchester United, Aston Villa, Manchester City, and Atlético. Forest submitted that by 30 June 2023, it had made every effort to generate a formal offer for Player A but none had been received at that stage that were capable of being completed in time.