18-04-2023, 11:20 AM
Just reading an article by Swiss Ramble on our recent accounts (which is for last season FYI)
I'd say key points were:
- EM'S investment at the end of last year was around 90m which was converted to equity. I would presume this has since increased and the stadium costs if it happens will obviously push that further up.
- We actually have one of the lowest debts around thanks to the above write off so if EM was ever to leave the club would be noth easy to sell and attractive to potential future buyers.
- According to his calcs we would've failed FFP last year by around 10m although obviously it would've been close and that excludes the fact we could've sold someone before 30th June similar to what Everton did this year with Richarlison.
- He estimates we have room to lose around 40m this year and still meet FFP, so we'll be fine on that front.
I think the bigger issue will be the following year if in championship as our operating loss excluding bonuses for promotion was around 30m. Meaning in a normal year we'd need to make net sales of around 17-20m to meet FFP. It will depend how much of the wage increase is offset by parachute payments which is pretty much impossible for us to estimate right now. Hopefully a nice hefty wedge for Brennan will take any risks away.
I'd say key points were:
- EM'S investment at the end of last year was around 90m which was converted to equity. I would presume this has since increased and the stadium costs if it happens will obviously push that further up.
- We actually have one of the lowest debts around thanks to the above write off so if EM was ever to leave the club would be noth easy to sell and attractive to potential future buyers.
- According to his calcs we would've failed FFP last year by around 10m although obviously it would've been close and that excludes the fact we could've sold someone before 30th June similar to what Everton did this year with Richarlison.
- He estimates we have room to lose around 40m this year and still meet FFP, so we'll be fine on that front.
I think the bigger issue will be the following year if in championship as our operating loss excluding bonuses for promotion was around 30m. Meaning in a normal year we'd need to make net sales of around 17-20m to meet FFP. It will depend how much of the wage increase is offset by parachute payments which is pretty much impossible for us to estimate right now. Hopefully a nice hefty wedge for Brennan will take any risks away.